05
Oct
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04
Oct
Daily Market Report for September 29, 2022
| The Nigerian Exchange Limited Bourse closed Negative. The benchmark All Share Index (ASI) depreciated by 0.42% to close at 48,964.80. Market Capitalization decreased by 111.62 billion to close at N26.42 trillion and the Year-to-Date (YtD) returns settled at 14.63%. Performance across sectors was broadly bearish as 4 out of 5 sectors closed in the red zone. Banking, consumer goods, insurance and oil/gas indices declined by 0.15%, 3.22%, 0.58% and 0.03% respectively. While industrial index remained flat. Market activity measured by aggregate volume increased by 117.37% and value increased by 88.03%. Investors traded a total of 221 million units of shares valued at N2.25 billion in 3,195 deals. |
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04
Oct
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04
Oct
Daily Market Report for September 28, 2022
- The Nigerian Exchange Limited Bourse closed Flat. The benchmark All Share Index (ASI) appreciated by 0.02% to close at 49,171.70. Market Capitalization increased by 13.74 billion to close at N26.53 trillion and the Year-to-Date (YtD) returns settled at 15.11%.
- 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 1.01%, 0.09% and 0.05% respectively. While Industrial and Oil/Gas indices advanced by 1.10% and 0.34% respectively.
- Market activity measured by aggregate volume decreased by 50.74% and value decreased by 49.29%. Investors traded a total of 102 million units of shares valued at N1.20 billion in 3,981 deals.
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04
Oct
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04
Oct
Daily Market Report for September 27, 2022
| The Nigerian Exchange Limited Bourse closed negative. The benchmark All Share Index (ASI) depreciated by 0.12% to close at 49,161.45. Market Capitalization decreased by 30.70 billion to close at N26.52 trillion and the Year-to-Date (YtD) returns settled at 15.09%. Performance across sectors was broadly bearish as 2 out of 5 sectors closed in the red zone. Banking, Consumer Goods Indices declined by 0.65% and 0.06% respectively. Insurance and Oil/Gas indices advanced by 0.06% and 0.20% respectively. While Industrial index remained flat. Market activity measured by aggregate volume increased by 74.53% and value increased by 183.43%. Investors traded a total of 206 million units of shares valued at N2.36 billion in 3,777 deals. |
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04
Oct
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27
Sep
Weekly Market Review & Stock Recommendation – September 26, 2022
| Some of our recommended stocks are mentioned below; |
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| Dangote Sugar Plc is projected to have a Q3 2022 revenue of N266.87bn, up by 36.50% from N195.5bn in Q3 2021. Profit after tax is estimated to grow from N15.51bn in Q3 2021 to N23.27bn in Q3 2022 with an EPS of N1.74.Dangote Sugar Plc Q2 2022 results showed an increase in revenue by 40.55% from N131.95bn in Q2 2021 to N185.46bn in Q2 2022. Operating profit advanced from N23.48bn in Q2 2021 to N34.12bn in Q2 2022, reflecting an increase of 45.29%. Finance income increased by 286.06% to N1.95bn in Q2 2022 from N504.46 million. PBT went up by 58.54% from N18.76bn in Q2 2021 to N29.73bn in the current period. PAT grew by 60.58% from N12.61bn in Q2 2021 to N20.24bn in Q2 2022. EPS rose by 61% to N1.67 in Q2 2022 from N1.04 in Q2 2021. Dangote Sugar Plc has a BVPS of N11.26, P/BV ratio of 1.47x and P/E ratio of 4.96x. |
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| FCMB Group Plc is projected to have a Q3 2022 revenue of N186.71bn, up by 24.91% from N149.47bn in Q3 2021. Profit after tax is estimated to grow from N13.81bn in Q3 2021 to N17.24bn in Q3 2022 with an EPS of N1.92. FCMB Group Plc Q2 2022 result showed that gross earnings rose by 34% to N126.22bn in the current period from N94.23bn in Q2 2021. Interest income advanced by 35% from N72.67bn in Q2 2021 to N98.09bn in the current period. Net interest income grew by 39.93% to N60.17bn in Q2 2022 from N43bn in Q2 2021. Profit before tax increased by 73.15% from N8.91bn recorded in Q2 2021 to N15.43bn in the current period. Profit after tax advanced by 80.8% from N7.56bn in Q2 2021 to N13.66bn in Q2 2022. Consequently, earnings per share went up by 81.58% from N0.38 in Q2 2021 to N0.69 in the current period. FCMB Group has a BVPS of N12.77, P/BV of 0.25x and P/E ratio of 2.35x. |
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27
Sep
Daily Market Report for September 26, 2022
- The Nigerian Exchange Limited Bourse closed Positive. The benchmark All Share Index (ASI) appreciated by 0.39% to close at 49,218.35. Market Capitalization increased by 103.42 billion to close at N26.55 trillion and the Year-to-Date (YtD) returns settled at 15.22%.
- 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 0.11%, 2.60% and 0.34% respectively. While Banking and Industrial indices advanced by 0.52% and 1.89% respectively.
- Market activity measured by aggregate volume decreased by 30.16% and value decreased by 73.89%. Investors traded a total of 118 million units of shares valued at N833.50 million in 3,560 deals.
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27
Sep
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