Stock Price List for March 16, 2022
Dear Client/Reader,
Please find here our Stock Price list for today March 16, 2022
17
Mar
17
Mar
Daily Financial Markets Report for March 16, 2022
NGX All Share Index closes on a Flat note… ASI gains 5 Basis Points
The Nigerian Exchange Limited Bourse closed Flat. The benchmark All Share Index
(ASI) appreciated by 0.05% to close at 47,364.46 pts. Market Capitalization
increased by 12.72 billion to close at N25.53 trillion while the Year-to-Date (YtD)
returns settled at 10.88%.
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, PZ (9.79%), AIICO (6.15%), NGXGROUP (4.02%), OKOMUOIL
(1.79%), FBNH (1.29%), MAYBAKER (1.12%), FLOURMILL (0.79%), UBA (0.59%) and
MTNN (0.24%) amongst others.
please find here our Daily Financial Market update for today, March 16, 2022
16
Mar
Daily Financial Markets Report for March 15, 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 47,340.86 pts. Market Capitalization
decreased by 47.33 billion to close at N25.51 trillion while the Year-to-Date (YtD)
returns settled at 10.83%.
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 CORNERST (-8.82%), AIICO (-4.41%), FCMB (-4.17%), SEPLAT (-
3.03%), FIDSON (-3.00%), UCAP (-2.32%), UBA (-2.30%), GTCO (-1.87%),
ZENITHBANK (-0.74%), MTNN (-0.24%) and NB (-0.22%) amongst others
NASD Market
The NASD market closed Negative after today’s trading activities as the Unlisted
Securities Index (USI) decreased by 0.46% to close at 713.06. Consequently, Market
Capitalization closed at 603.81 billion. Market activity measured by aggregate
volume increased by 2,285.86% and value increased by 494.47%. Investors traded a
total of 2.57 million units of shares valued at N44.73 million in 18 deals
please find here our Daily Financial Market update for today, March 15, 2022
16
Mar
Stock Price List for March 15, 2022
Dear Client/Reader,
Please find here our Stock Price list for today March 15, 2022
15
Mar
Daily Financial Markets Report for March 14, 2022
NGX All Share Index closes on a Flat note… ASI loses 2 Basis Points
The Nigerian Exchange Limited Bourse closed Flat. The benchmark All Share Index
(ASI) depreciated by 0.02% to close at 47,428.67 pts. Market Capitalization
decreased by 4.75 billion to close at N25.56 trillion while the Year-to-Date (YtD)
returns settled at 11.03%.
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 CWG (-10.00%), ETERNA (-10.00%), CONOIL (-4.38%), JAIZBANK (-
4.00%), INTBREW (-2.88%), AIICO (-2.86%), PZ (-2.72%), GLAXOSMITH (-1.63%),
GTCO (-1.11%), NB (-1.09%) and MTNN (-0.49%) amongst others.
NASD Market
The NASD market closed Negative after today’s trading activities as the Unlisted
Securities Index (USI) decreased by 2.42% to close at 716.39. Consequently, Market
Capitalization closed at 606.62 billion. Market activity measured by aggregate
volume decreased by 97.85% and value decreased by 85.67%. Investors traded a
total of 107,515 units of shares valued at N7.52 million in 9 deals.
please find here our Daily Financial Market update for today, March 14, 2022
15
Mar
Stock Price List for March 14, 2022
Dear Client/Reader,
Please find here our Stock Price list for today March 14, 2022
14
Mar
Weekly Market Review & Stock Recommendations – March 14, 2022
Dear Client/Reader,
Global Economic Roundup
UAE Wants OPEC to Increase Production
The oil market has been stretched incredibly thin, with few producers willing — or able — to replace Russian barrels banned by the United States and shunned by others. Enter the United Arab Emirates, which suggested it may be coming to the rescue. The UAE’s ambassador to Washington, Yousef Al Otaiba, told CNN Wednesday that the country wants to increase oil production and will encourage the Organization of the Petroleum Exporting Countries (OPEC) cartel to ramp up supply. The comments sent oil prices dropping on Wednesday. US oil fell 12% to less than $109 a barrel. Brent crude, the global benchmark, fell 13% to $111 a barrel. It marked their steepest one-day decline in nearly two years.
US Inflation Hits Fresh 40-Year High of 7.9%
U.S. consumer price gains accelerated in February to a fresh 40-year high on rising gasoline, food and housing costs, with inflation poised to rise even further following Russia’s invasion of Ukraine. The consumer price index jumped 7.9% from a year earlier following a 7.5% annual gain in January, Labor Department data showed Thursday. The widely followed inflation gauge rose 0.8% in February from a month earlier. The February report showed that gasoline prices rose 6.6% from the prior month and accounted for almost a third of the monthly increase in the CPI. The Biden administration on Tuesday banned Russian oil imports into the U.S., a move that will add to energy price pressures.
Fuel Shortages Disrupt Domestic Flight Schedules in Nigeria
Fuel shortages in Nigeria, Africa’s largest oil producer, have caused two of its largest domestic airlines to cancel some internal flights and delay others this week. Several airlines including Air Peace, Arik, Dana Air, Ibom Air and United Airlines, released statements about facing challenges in sourcing jet fuel. Despite being Africa’s largest producer, Nigeria imports nearly all its jet fuel, which has nearly doubled to as high as 625 naira ($1.50) a litre since December, Arik Air said. Global jet fuel prices have hit a near-14-year peak as Russia’s invasion of Ukraine triggered a surge in the crude oil market, hitting airlines and passengers with steep cost increases.
Some of our recommended stocks are mentioned below;
WAPCO PLC:
Wapco Plc FY 2021 results showed that revenue grew by 27.11% from N230.57bn in FY 2020 to N293.09bn in FY 2021. Similarly, gross profit went up by 30.98% to N142.58bn in FY 2021 from N108.86bn in FY 2020. Profit from operations rose by 42.55% from N45.67bn in FY 2020 to N65.11bn in FY 2021. Profit before tax grew by 65.69% to N37.57bn in FY 2021 from N62.25bn in FY 2020, on the back of a 45.66% decline in finance cost. Profit after tax rose by 65.37% from N30.84bn in FY 2020 to N51bn in FY 2021. Consequently, Earnings per share increased by 66%, from N1.91 in FY 2020 to N3.17 in FY 2021. Wapco has a BVPS of N23.50, P/BV of 1.00x and P/E ratio of 7.41x.
MTNN PLC:
MTNN’s FY 2021 results showed an increase in revenue by 22.87% from N1.35trn in FY 2020 to N1.65trn in FY 2021. Operating profit advanced from N426.71bn in FY 2020 to N584.75bn in FY 2021, reflecting an increase of 37.04%. Profit before tax went up by 46.11% from N298.87bn in FY 2020 to N436.69bn in the current period. Profit after tax grew by 45.53% from N205.21bn in FY 2020 to N298.65bn in FY 2021, despite a 45.53% surge in taxes. EPS grew by 45.54% to N14.67 in FY 2021 from N10.08 in FY 2020. MTNN has a BVPS of N13.02, P/BV of 15.82x and P/E ratio of 14.04x.
Please find here our Weekly Market Review & Stock Recommendations for this week.
14
Mar
Daily Financial Markets Report for March 10, 2022
NGX All Share Index closes on a Positive note… ASI gains 17 Basis Point
The Nigerian Exchange Limited Bourse closed Positive. The benchmark All Share
Index (ASI) appreciated by 0.17% to close at 47,363.98 pts. Market Capitalization
increased by 41.44 billion to close at N25.53 trillion while the Year-to-Date (YtD)
returns settled at 10.88%.
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 UACN (9.84%), PRESCO (8.74%), NASCON (3.85%), HONYFLOUR
(2.50%), OKOMUOIL (2.19%), DANGSUGAR (1.27%), MTNN (0.98%), ZENITHBANK
(0.75%), ACCESS (0.50%) and ARDOVA (0.43%) amongst others.
NASD Market
The NASD market closed Positive after today’s trading activities as the Unlisted
Securities Index (USI) increased by 0.05% to close at 733.66. Consequently, Market
Capitalization closed at 621.25 billion. Market activity measured by aggregate
volume increased by 379.76% and value decreased by 5.84%. Investors traded a
total of 4.54 million units of shares valued at N45.67 million in 10 deals.
please find here our Daily Financial Market update for today, March 10, 2022
14
Mar
Stock Price List for March 10, 2022
Dear Client/Reader,
Please find here our Stock Price list for today March 10, 2022
14
Mar
Daily Financial Markets Report for March 11, 2022
NGX All Share Index closes on a Positive note… ASI gains 15 Basis Point
The Nigerian Exchange Limited Bourse closed Positive. The benchmark All Share
Index (ASI) appreciated by 0.15% to close at 47,437.38 pts. Market Capitalization
increased by 39.61 billion to close at N25.57 trillion while the Year-to-Date (YtD)
returns settled at 11.05%.
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 NIGERINS (10.00%), UACN (5.97%), CONOIL (5.24%), GTCO (3.85%),
UCAP (2.87%), FLOURMILL (2.77%), HONYFLOUR (2.71%), FCMB (1.45%),
ZENITHBANK (1.12%), TRANSCORP (0.92%), UBA (0.59%) and FBNH (0.43%)
amongst others.
NASD Market
The NASD market closed Positive after today’s trading activities as the Unlisted
Securities Index (USI) increased by 0.07% to close at 734.16. Consequently, Market
Capitalization closed at 621.67 billion. Market activity measured by aggregate
volume increased by 10.11% and value increased by 14.97%. Investors traded a total
of 5 million units of shares valued at N52.5 million in 4 deals
please find here our Daily Financial Market update for today, March 11, 2022
