Author - Yahya Abdulrahman

Weekly Market Review & Stock Recommendations – June 20, 2022

Some of our recommended stocks are mentioned below; 
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BUA Foods Plc Q1 2022 result showed that revenue advanced by 28.30% from N70.2bn in Q1 2021 to N90.07bn in the current period. Operating profit increased by 14.46% to N26.1bn in Q1 2022 from N22.81bn in Q1 2021. Profit before tax advanced by 16.87% from N21.25bn recorded in Q1 2021 to N24.84bn in the current period. Likewise, profit after tax grew by 18.61% from N19.26bn in Q1 2021 to N22.84bn in Q1 2022. Consequently, earnings per share went up by 18.69% from N1.07 in Q1 2021 to N1.27 in Q1 2022. Bua Foods Plc has a BVPS of N12.42, P/BV of 4.43x and P/E ratio of 10.83x. 
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 MTNN Plc Q1 2022 results showed an increase in revenue by 22.23% from ₦385.32bn in Q1 2021 to ₦470.98bn in Q1 2022. Operating profit advanced from ₦133.11bn in Q1 2021 to ₦179.33bn in Q1 2022, reflecting an increase of 34.72%. Profit before tax grew by 39.42% from ₦102.99bn in Q1 2021 to ₦143.59bn in the current period, despite a 28.65% increase in finance costs. Profit after tax rose by 31.28% from ₦73.75bn in Q1 2021 to ₦96.82bn in Q1 2022. EPS increased by 31.49% to ₦4.76 in Q1 2022 from ₦3.62 in Q1 2021. MTNN has a BVPS of ₦17.54, P/BV of 12.60x and P/E ratio of 11.61x.

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Daily Market Report for June 16, 2022

  • The Nigerian Exchange Limited Bourse closed Negative. The benchmark All Share Index (ASI) depreciated by 0.69% to close at 52,411.09 pts. Market Capitalization decreased by 196.4 billion to close at N28.26 trillion and the Year-to-Date (YtD) returns settled at 22.70%.
  • Performance across sectors was broadly bearish as 5 out of 5 sectors closed in the red zone. Banking, Consumer Goods, Industrial, Insurance and Oil/Gas Indices declined by 0.62%, 0.06%, 0.01%, 0.28% and 0.83% respectively. 
  • Market activity measured by aggregate volume increased by 12.51% and value increased by 0.09%. Investors traded a total of 211 million units of shares valued at N2.37 billion in 4,750 deals

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Daily Market Report for June 15, 2022

  • The Nigerian Exchange Limited Bourse closed Negative. The benchmark All Share Index (ASI) depreciated by 0.64% to close at 52,775.40 pts. Market Capitalization decreased by 182.91 billion to close at N28.45 trillion and the Year-to-Date (YtD) returns settled at 23.55%.
  • Performance across sectors was broadly bearish as 3 out of 5 sectors closed in the red zone. Banking, Consumer Goods and Insurance Indices declined by 2.01%, 1.05%, and 0.87% respectively. While Industrial and Oil/Gas Indices advanced by 0.05% and 0.07% respectively. 
  • Market activity measured by aggregate volume decreased by 37.30% and value increased by 23.76%. Investors traded a total of 188 million units of shares valued at N2.36 billion in 4,890 deals.

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Daily Market Report for June 14, 2022

  • The Nigerian Exchange Limited Bourse closed Negative. The benchmark All Share Index (ASI) depreciated by 0.16% to close at 53,114.65 pts. Market Capitalization decreased by 46.76 billion to close at N28.63 trillion and the Year-to-Date (YtD) returns settled at 24.34%.
  • Performance across sectors was broadly bearish as 4 out of 5 sectors closed in the red zone. Banking, Consumer Goods, Industrial and Oil/Gas Indices declined by 0.35%, 0.50%, 0.11%, and 0.46% respectively. While Insurance Index advanced by 0.16%. 
  • Market activity measured by aggregate volume increased by 9.79% and value increased by 17.11%. Investors traded a total of 299 million units of shares valued at N3.1 billion in 5,394 deals.

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Weekly Market Review & Stock Recommendations – June 14, 2022

Some of our recommended stocks are mentioned below; 
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Flour Mills of Nigeria Plc FY 2022 results showed that revenue grew by 50.83% from N771.61bn in FY 2021 to N1.16trn in FY 2022. Similarly, gross profit went up by 1.25% to N108.09bn in FY 2022 from N106.76bn in FY 2021. Profit from operations rose by 25.51% from N52.20bn in FY 2021 to N65.51bn in FY 2022. Profit before tax grew by 10.55% to N41.12bn in FY 2022 from N37.19bn in FY 2021. Profit after tax rose by  8.94% from N25.72bn in FY 2021 to N28.02bn in FY 2022. However, Earnings per share decreased by 1.88%, from N6.38 in FY 2021 to N6.26 in FY 2022. Flourmill has a BVPS of N47.78, P/BV of 0.73x and P/E ratio of 5.59x. 
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 Nem Insurance Plc Q1 2022 results showed an increase in gross premium income by 26.91% from N9.63bn in Q1 2021 to N11.88bn in Q1 2022. Underwriting profit advanced from N250.49 million in Q1 2021 to N2.71bn in Q1 2022, reflecting an increase of 982%. Investment income decreased by 31.78% from N288.33 million in Q1 2021 to N196.71 million in Q1 2022. PBT went up by 39.02% from N1.29bn in Q1 2021 to N1.80bn in the current period. PAT grew by 41.5% from N1.09bn in Q1 2021 to N1.55bn in Q1 2022. EPS grew by 41% to N0.31 in Q1 2022 from N0.22 in Q1 2021. Nem Insurance Plc has a BVPS of N4.87, P/BV ratio of 0.79x and P/E ratio of 3.12x.

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Daily Market Report for June 10, 2022

  • The Nigerian Exchange Limited Bourse closed Positive. The benchmark All Share Index (ASI) appreciated by 0.06% to close at 53,201.38 pts. Market Capitalization increased by 16.52 billion to close at N28.68 trillion and the Year-to-Date (YtD) returns settled at 24.55%.
  • Performance across sectors was broadly bearish as 3 out of 5 sectors closed in the red zone. Consumer Goods, Insurance and Oil/Gas Indices declined by 0.01%, 0.50% and 0.56% respectively. Banking Index advanced by 0.06%. While Industrial remained unchanged.
  • Market activity measured by aggregate volume decreased by 14.19% and value decreased by 20.72%. Investors traded a total of 273 million units of shares valued at N2.65 billion in 4,584 deals.

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