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Who we are

SISL is a wholly-owned subsidiary of Stanbic IBTC Bank Plc, and is a member of The Standard Bank Group specifically set up to cater to the stockbroking needs of our existing and potential clients.

SISL has obtained the approvals of The Nigerian Stock Exchange (NSE) and Central Securities Clearing System (“CSCS”) to operate on the floors of The NSE.

On Friday 19 June 2009, SISL commenced operations and traded for the first time, for both the clients of SIAML and SEL.

SISL is the largest stockbroking house in Nigeria with a market share of over 20% of turnover based on 2009 trading results.

Our mandate is to remain Nigeria’s leading stockbroking firm. We expect to achieve this while living our values and operating with the highest levels of professionalism and integrity.

 
 
          
          
MARKET PRICE LIST

Market Price List as at 03 Sep 2010

View Price List Table

MARKET INFORMATION

GUINNESS NIGERIA PLC CHANGE OF REGISTRARS
The company notified the Exchange of the change of its Registrars from Union Registrars Limited to Zenith Registrars Limited with effect from Monday, 2nd August, 2010.

Lagos Government Debt Issuance Programme 3rd coupon payment (August 9, 2010) N50 billion Lagos State Fixed rate bond (Series 1)
The transaction parties to Lagos State Debt Issuance Programme have notified the Exchange that payment would be made on August 9, 2010. Consequently, the register of bondholders will be closed at 5pm on Monday, July 19, 2010 in compliance with the provisions of the ISA, all transactions which are undertaken on July 19, 2010 will qualify for the 3rd coupon payment.

ECOBANK Transnational Incorporated (ETI) Signs Landmark US$175 Capital Facilities with the IFC.
The bank has notified the exchange that it has signed landmark agreements of us$175 million in senior convertible, senior non-convertible and subordinated loans with the IFC on June 29, 2010. these loans are to provide eighteen Ecobank subsidiaries with additional capital to strengthen their balance sheets and boost competitiveness.
It will also allow ETI to continue to positively contribute to the African economy by increasing the levels of credit available to businesses and households and at the same time generate long-term value for its shareholders.

NSE Upgrade and PriceList
The Nigerian Stock Exchange (NSE) recently upgraded her ATS trading software. Consequently, in line with NSE's rule that a stock must trade 50,000 units before the share price can move on a particular trading day, the trading machine has been adjusted to only recognize prices of stocks that trade the minimum 50,000 units per tranche.
The impact of this is that some stocks may trade within the +/- 5% band but may not be reflected on the high or low price column of the pricelist, even if it is the highest or lowest traded price of the day, so long as the minimum trading volume requirement of 50,000 units is not executed on such trades.

MARKET WATCH

Investors jittery about new banking policies
The week ahead
Nigerian equities closed lower this week triggered by market concerns regarding banks’ implementation of new CBN policies on margin lending. Also of concern to investors were: (1) the delayed implementation of the AMCON; and (2) political risk.
On a positive note, the market staged a rally in yesterday’s trading as investors found value in equities at current levels.
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01 448 8800
08023257777
08033231941

stockbroking@stanbicibtc.com