Author Topic: Top 10 Performing Stocks  (Read 185 times)

Offline furtune

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Top 10 Performing Stocks
« on: May 21, 2013, 04:41:19 AM »
Top 10 performing stocks

By NKIRUKA NNOROM

Among the top ten stocks that enjoyed investors? patronage are Courteville Business Solution (CBS) Eterna Plc, UTC Nigeria Plc, DN Meyer, International Breweries plc, Costain, National Salt Company (NASCON), Ikeja Hotel, Livestock Feeds and IPWA Plc.

Courteville rallied the most with the share price rising by 57.38 percent or N0.35 to close at N0.96 per share. It opened the week at N0.61. CBS is the only AutoReg company listed on the Nigerian Stock Exchange, NSE, and is acclaimed the biggest in West Africa sub-region.

For a long time, the company?s share has traded at per value, but last week, it took a turn for the better after the Group Managing Director, Adebola Akindele, strongly posited that CBS was not 50kobo stock. Listed in Computer Based System, Courteville has therefore gained 92 percent year-to-date, having closed the week at N0.96. The company recorded 24 percent increase in turnover for 2012 to N1.06 billion from N855.6 million in 2011. Also, other income grew by five percent to N272.78 million from N259.7 million in the previous year.

Eternal Plc, listed on the petroleum and petroleum products distributors sector rose by 45.56 percent or N1.23 from N2.70 it started the week to close the week?s trading at N3.39 per share. The company recently won a N2.2 billion contract for the supply of fuel oil to Egbin Thermal Station belonging to the Power Holding Company of Nigeria (PHCN) as part of the efforts of the government to find viable alternatives to supplement gas supply to the plant for electricity generation. Beginning the year at N1.32, the stock price rose to N4.87, the year high before declining to the Friday figure. It has therefore gained 252.89 percent within the year.

Eterna engages in the manufacturing and sale of lubricating oils, importation and bulk/retail sale of petroleum products including PMS, AGO, LPFO, base oils, bitumen and export of lubricants/fuels, bunkering among others.

UTC rose by 41.57 percent or N0.27 to close at N0.92 from N0.65 per share it started the year with. Listed in food products, the share price has risen by 84 percent from year low of 50kobo to N0.92 at the close of transactions on Friday.

The latest financial statement showed that it booked 19.3 percent loss in profit for the second quarter ended June 30 2012. Its profit for the period fell to N32.168 million compared to N39.864 million recorded in the same period of 2011, while turnover also dropped from N1.552 billion in 2011 to N1.252 billion in 2012, representing a drop of 19.4 percent. UTC Nigeria, a subsidiary Leventis Plc,  is a leading processor and marketer of baked goods, chicken, turkey, beef, lamb, goat and pork based products.

DN Meyer, listed in building material sector added 30.43 percent or N0.42 to its share price to close as the fourth most patronized stock in the week. It started at N1.38 and closed at N1.80. Before falling to the present price, the share price had risen by 608 percent from year low of 50kobo to year high of N3.54 per share. The third quarter financial statement for the period ended 31st October, 2012 showed that its turnover slumped by 99.89 percent to N1.05 billion from N939.81 million in the same period of 2011. Its profit after tax fell further to negative N8.53 billion during the review period.

Beverages- Brewers/distillers listed entity, International Breweries, appreciated by 30.43 percent or N6.67 from N22.00 it started the year  to N28.67 per share. Just two months ago, the company inaugurated  a 26, 000-bottle per hour plant in its Ilesa, Osun State factory. Also, last week, SABMiller, confirmed that the world?s second-largest brewer by volume had invested in International Breweries. The share price has risen so far by 436.89 percent from year low of N5.34 to high of N28.67 per share.

Others are Costain, which appreciated by 18.99 percent or N2.03 to close at N0.94; NASCON gained 18.68 or N2.03 to close at N12.90, while Ikeja Hotel, Livestock Feeds and IPWA rose by 18.67 or N0.14, 18.18 or N0.50 and 16.67 or N0.10 to close at N0.89, N3.25 and N0.70 in that order.

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Top 10 Performing Stocks
« on: May 21, 2013, 04:41:19 AM »

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