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Weekly Market Review & Stock Recommendations – May 23, 2022

Dear Client/Reader,

Some of our recommended stocks are mentioned below;

ZENITH BANK

Zenith Plc’s Q1 2022 results showed that gross earnings advanced by 21.75% to ₦191.52bn in Q1 2022 from ₦157.31bn in Q1 2021. Net interest income grew by 20.89% from ₦83.17bn in Q1 2021 to ₦100.54bn in Q1 2022, supported by a 24.91% rise in interest income. Profit before tax advanced by 11.42% from ₦61.02bn recorded in Q1 2021 to ₦67.99bn in the current period. This is attributable to the 159.23% increase in trading income and 16.71% increase in net fees and commission income. Profit after tax went up by 9.68% from ₦53.06bn in Q1 2021 to ₦58.20bn in Q1 2022 after a 9.68% increase in income tax expenses. Earnings per share advanced by 9.47% from ₦1.69 in Q1 2021 to ₦1.85 in the current period. Consequently, Zenith has a BVPS of ₦42.37, P/BV of 0.57x and P/E ratio of 3.26x.

ACCESS BANK

Access Holdings Plc Q1 2022 results showed that Interest income advanced by 20.79% from ₦143.8bn in Q1 2021 to ₦173.69bn in the current period. Net interest income decreased by 7.02% to ₦87.36bn in Q1 2022 from ₦93.96bn in Q1 2021. Profit before tax advanced by 8.47% from ₦60.05bn recorded in Q1 2021 to ₦65.13bn in the current period. Likewise, profit after tax grew by 8.47% from ₦52.55bn in Q1 2021 to ₦57.4bn in Q1 2022. Consequently, earnings per share went up by 9.40% from ₦1.49 in Q1 2021 to ₦1.63 in Q1 2022. Access has a BVPS of ₦30.84, P/BV of 0.32x and P/E ratio of 1.51x.

Please find attached the full market reports.

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Daily Market Report for May 16, 2022

NGX All Share Index closes on a Negative note… ASI loses 29 Basis Points

The Nigerian Exchange Limited Bourse closed Negative. The benchmark All Share
Index (ASI) depreciated by 0.29% to close at 52,944.65 pts. Market Capitalization
decreased by 82.92 billion to close at N28.54 trillion and the Year-to-Date (YtD)
returns settled at 23.94%.
What shaped today’s market direction?
Today’s market direction can be largely attributed to losses recorded in large and
mid-cap stocks in Banking, Industrial and Consumer Goods. Some of today’s market
losers include, GLAXOSMITH (-9.49%), WAPCO (-8.28%), WEMABANK (-2.19%),
FLOURMILL (-1.69%), UBA (-1.25%), MAYBAKER (-0.99%), ZENITHBANK (-0.61%)
and MTNN (-0.27%) amongst others.

NASD Market
The NASD market closed Flat after today’s trading activities as the Unlisted
Securities Index (USI) declined by 0.02% to close at 807.56. Consequently, Market
Capitalization closed at 1.06 trillion. Market activity measured by aggregate volume
decreased by 99.19% and value decreased by 99.79%. Investors traded a total of
61,131 units of shares valued at N4.62 million in 11 deals

please find here our Daily Financial Market update for today, May 16, 2022

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Daily Market Report for May 13, 2022

NGX All Share Index closes on a Positive note… ASI gains 34 Basis Points

The Nigerian Exchange Limited Bourse closed Positive. The benchmark All Share
Index (ASI) appreciated by 0.34% to close at 53,098.46. Market Capitalization
increased by 97.42 billion to close at N28.63 trillion while the Year-to-Date (YtD)
returns settled at 24.30%.
What shaped today’s market direction?
Today’s market direction can be largely attributed to gains recorded in large and
mid-cap stocks in Banking, Industrial and Consumer Goods. Some of today’s market
gainers include, NEIMETH (9.71%), FLOURMILL (9.22%), SEPLAT (8.33%),
FIDELITYBK (7.25%), FIDSON (5.89%), ZENITHBANK (2.08%), GTCO (1.27%),
DANGSUGAR (1.17%) and ACCESSCORP (0.52%) amongst others.

NASD Market
The NASD market closed Positive after today’s trading activities as the Unlisted
Securities Index (USI) advanced by 0.87% to close at 807.75. Consequently, Market
Capitalization closed at 1.06 trillion. Market activity measured by aggregate volume
increased by 21,890.58% and value increased by 49,396.47%. Investors traded a
total of 7.52 million units of shares valued at N2.21 billion in 11 deals.

please find here our Daily Financial Market update for today, May 13, 2022

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Daily Market Report for May 12, 2022

NGX All Share Index closes on a Positive note… ASI gains 15 Basis Points

The Nigerian Exchange Limited Bourse closed Positive. The benchmark All Share
Index (ASI) appreciated by 0.15% to close at 52,917.76. Market Capitalization
increased by 42.75 billion to close at N28.53 trillion while the Year-to-Date (YtD)
returns settled at 23.88%.
What shaped today’s market direction?
Today’s market direction can be largely attributed to gains recorded in large and
mid-cap stocks in Banking, Industrial and Consumer Goods. Some of today’s market
gainers include, FIDSON (9.95%), WAPCO (9.86%), PRESCO (8.11%), PZ (6.79%),
TRANSCORP (6.61%), OKOMUOIL (4.52%), NAHCO (1.49%), DANGSUGAR (0.59%),
ACCESSCORP (0.52%) and NGXGROUP (0.21%) amongst others.

NASD Market
The NASD market closed Flat after today’s trading activities as the Unlisted
Securities Index (USI) declined by 0.00% to close at 766.44. However, Market
Capitalization declined by 18.65% to close at 819.80 billion. Market activity
measured by aggregate volume decreased by 91.04% and value decreased by
99.13%. Investors traded a total of 18,000 units of shares valued at N306,000 in 1
deals

please find here our Daily Financial Market update for today, May 12, 2022

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Daily Market Report for May 11, 2022

NGX All Share Index closes on a Positive note… ASI gains 199 Basis Points

The Nigerian Exchange Limited Bourse closed Positive. The benchmark All Share
Index (ASI) appreciated by 1.99% to close at 52,838.45. Market Capitalization
increased by 556.92 billion to close at N28.49 trillion while the Year-to-Date (YtD)
returns settled at 23.70%.
What shaped today’s market direction?
Today’s market direction can be largely attributed to gains recorded in large and
mid-cap stocks in Banking, Industrial and Consumer Goods. Some of today’s market
gainers include, OKOMUOIL (10.00%), MTNN (9.21%), FLOURMILL (4.93%),
MAYBAKER (4.34%), PRESCO (3.93%), DANGCEM (2.60%), WAPCO (1.40%), GTCO
(0.84%), FIDSON (0.49%) and ZENITHBANK (0.21%) amongst others.

NASD Market
The NASD market closed Negative after today’s trading activities as the Unlisted
Securities Index (USI) declined by 0.50% to close at 706.33. Consequently, Market
Capitalization closed at 928.73 billion. Market activity measured by aggregate
volume increased by 6,583.17% and value increased by 24.17%. Investors traded a
total of 25.25 million units of shares valued at N35.85 million in 16 deals

please find here our Daily Financial Market update for today, May 11, 2022

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Daily Market Report for May 10, 2022

NGX All Share Index closes on a Negative note… ASI loses 19 Basis Points

The Nigerian Exchange Limited Bourse closed Negative. The benchmark All Share
Index (ASI) depreciated by 0.19% to close at 51,805.41. Market Capitalization
decreased by 52.35 billion to close at N27.93 trillion while the Year-to-Date (YtD)
returns settled at 21.28%.
What shaped today’s market direction?
Today’s market direction can be largely attributed to losses recorded in large and
mid-cap stocks in Banking, Industrial and Consumer Goods. Some of today’s market
losers include, NAHCO (-4.12%), WEMABANK (-3.73%), MTNN (-3.61%), NB (-
2.53%), AFRIPRUD (-0.83%), UBA (-0.62%), FIDSON (-0.48%), FIDELITYBK (-0.27%)
and ZENITHBANK (-0.21%) amongst others.

NASD Market
The NASD market closed Positive after today’s trading activities as the Unlisted
Securities Index (USI) advanced by 1.29% to close at 709.91. Consequently, Market
Capitalization closed at 933.44 billion. Market activity measured by aggregate
volume decreased by 51.40% and value decreased by 79.56%. Investors traded a
total of 377,862 units of shares valued at N28.87 million in 32 deals.

please find here our Daily Financial Market update for today, May 10, 2022

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