Stock Price List for November 09, 2021
Dear Client/Reader,
Please find here our Stock Price list for today November 9, 2021
09
Nov
08
Nov
Daily Financial Markets Report for November 8, 2021
Equities market closes on a Positive note… ASI gains 293 Basis Point
The Nigerian Exchange Limited (NGX) closed Positive. The benchmark All Share
Index (ASI) appreciated by 2.93% to close at 43,246.87. Market Capitalization
increased by 643 Billion to close at N22.57trillion while the Year-to-Date (YtD)
returns settled at 7.39%.
What shaped today’s market direction?
Today’s market direction can be largely attributed to gains recorded in large and
mid-cap stocks in Industrial and Consumer Goods. Some of today’s market gainers
include: AIRTELAFRI (10.00%), REDSTARX (9.94%), MTNN (9.62%), UNILEVER
(9.36%), UCAP (3.80%), NGXGROUP (3.38%), ETI (2.96%), FBNH (2.25%), WAPCO
(1.96%), GUINNESS (1.63%), OANDO (0.83%) and NAHCO (0.58%) amongst others.
NASD Market
The NASD market closed Positive after today’s trading activities as the Unlisted
Securities Index (USI) increased by 0.79% to close at 751.40. Consequently, Market
Capitalization closed at 620.79 billion. Market activity measured by aggregate
volume decreased by 97.84% while value decreased by 54.76%. Investors traded a
total of 45,554 units of shares valued at 1.63 million in 7 deals
please find here our Daily Financial Market update for today, November 08, 2021
08
Nov
Stock Price List for November 08, 2021
Dear Client/Reader,
Please find here our Stock Price list for today November 8, 2021
08
Nov
Weekly Market Review & Stock Recommendations – November 8, 2021
Dear Client/Reader,
Global Economic Roundup
US Federal Reserve winding down Covid stimulus
The US Federal Reserve has announced it is winding down the massive stimulus programme it put in place at the onset of the Covid-19 pandemic amid fears that the central bank may have to raise rates soon to control rising inflation. Fed officials have been debating for months over whether and when to taper the stimulus programmes that it set up to head off the economic headwinds caused by the pandemic. They announced on Wednesday that they would begin cutting that stimulus by $15bn a month but left interest rates unchanged.
Oil gains as supply concerns re-emerge after OPEC+ output plan
Brent crude was up $2.14, or 2.7%, at $82.68 per barrel. West Texas Intermediate crude (WTI) gained $2.47, or 3% to $81.28. The Organization of the Petroleum Exporting Countries and allies including Russia, collectively known as OPEC+, agreed on Thursday to stick to their plan to raise oil output by 400,000 barrels per day (bpd) from December. U.S. President Joe Biden had called for extra output to cool rising prices. OPEC’s decision to stay the course and the Biden administration’s lack of a substantial response has the oil rally continuing. Only a coordinated effort, with China and others involved, would address the lack of barrels in the market. After the OPEC+ meeting, the White House said it would consider all tools at its disposal to guarantee affordable energy, including the possibility of releasing oil from strategic petroleum reserves (SPR).Pension funds invested in banks rise to N2.05tn
Nigeria owes China $3 billion as of 2020
The World Bank says Nigeria has so far borrowed $3.121 billion from China as at March 2020, an amount which represents only 3.94 per cent of Nigeria’s total public debt of $79.21 billion as of September 2021.Similarly, in terms of external sources of funds, loans from China accounted for 11.28 per cent of the External Debt Stock of USD27.67 billion as of the same date. According to the World Bank, the total borrowing from China of USD 3.121 billion as of March 31, 2020, are concessional loans with interest rates of 2.50 per cent per annum with a tenor of 20 years and a grace period (moratorium) of seven years.
Some of our recommended stocks are mentioned below;
ZENITH PLC:
Zenith Plc Q3’2021 results showed that gross earnings advanced by 1.91% to N518.67bn from N508.97bn in Q3’2020. Interest income declined by 3.13% from N318.82bn in Q3’2020 to N308.84bn. Profit before tax advanced by 1.43% from N177.28bn recorded in Q3’2020 to N179.81bn in the current period. Profit after tax went up by 0.80% from N159.31bn in Q2’2020 to N160.59bn in Q3’2021 after a 6.95% increase in income tax expenses. Earnings per share advanced by 0.79% from N5.07 in Q3’2020 to N5.11 in the current period. Zenith Bank has a BVPS of N37.81, P/BV of 0.66x and P/E ratio of 2.45x.
AFRIPRUD PLC:
Afriprud Plc’s result for Q3’2021 showed that Gross Earnings declined from N2.63bn in Q3 2020 to N2.44bn in Q3 2021 by 7.03%. Interest income dropped by 9.16% from N1.77 bn in Q3’2020 to N1.60bn in Q3’2021. Profit before tax went down by 14.25% from N1.56 bn in Q3’2020 to N1.34 bn in the current period. Profit after tax declined by 18.27% to N1.15 bn in the current period from N1.40 bn in Q3’2020. Consequently, Earnings per share went down by 18.31% from N0.71 in Q3’2020 to N0..58 in the current period. Afriprud has a BVPS of N4.25, P/BV of 1.49x and P/E ratio of 5.47x.
Please find here our Weekly Market Review & Stock Recommendations for this week.
05
Nov
Stock Price List for November 05, 2021
Dear Client/Reader,
Please find here our Stock Price list for today November 5, 2021
04
Nov
Daily Financial Markets Report for November 4, 2021
Equities market closes on a Negative note… ASI loses 8 Basis Point
The Nigerian Exchange Limited (NGX) closed Negative. The benchmark All Share
Index (ASI) depreciated by 0.08% to close at 41,943.83. Market Capitalization
decreased by 16.50 Billion to close at N21.88 trillion while the Year-to-Date (YtD)
returns settled at 4.15%.
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, Oil and Gas and Consumer goods sector. Some
of today’s market losers include: PHARMDEKO (-10.00%), UNILEVER (-8.65%),
GUINNESS (-7.27%), PZ (-5.51%), NGXGROUP (-4.38%), NAHCO (-4.23%), OANDO (-
3.41%), UBA (-2.41%), WAPCO (-1.92%), UNITYBNK (-1.85%), CAVERTON (-1.11%),
LASACO (-0.94%), NEIMETH (-0.55%) and ACCESS (-0.54%) amongst others.
NASD Market
The NASD market closed Positive after today’s trading activities as the Unlisted
Securities Index (USI) increased by 0.12% to close at 748.52. Consequently, Market
Capitalization closed at 618.41 billion. Market activity measured by aggregate
volume increased by 244.97% while value increased by 85.49%. Investors traded a
total of 411,662 units of shares valued at 22.81 million in 16 deals.
please find here our Daily Financial Market update for today, November 04, 2021
04
Nov
Stock Price List for November 04, 2021
Dear Client/Reader,
Please find here our Stock Price list for today November 4, 2021
03
Nov
Daily Financial Markets Report for November 3, 2021
Equities market closes on a Negative note… ASI loses 9 Basis Point
The Nigerian Exchange Limited (NGX) closed Negative. The benchmark All Share
Index (ASI) depreciated by 0.09% to close at 41,975.45. Market Capitalization
decreased by 19.80 Billion to close at N21.90 trillion while the Year-to-Date (YtD)
returns settled at 4.23%.
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, Oil and Gas and Consumer goods sector. Some
of today’s market losers include: LASACO (-9.40%), ARDOVA (-7.53%), LINKASSURE
(-7.02%), ETERNA (-6.61%), AIICO (-4.69%), MANSARD (-3.45%), NGXGROUP (-
3.00%), TRANSCORP (-2.91%), WAPCO (-2.61%), UBA (-2.35%), ZENITHBANK (-
2.00%), GTCO (-1.06%) UPDC (-0.61%) and ETI (-0.61%) amongst others.
NASD Market
The NASD market closed Negative after today’s trading activities as the Unlisted
Securities Index (USI) decreased by 0.09% to close at 747.62. Consequently, Market
Capitalization closed at 617.67 billion. Market activity measured by aggregate
volume decreased by 80.14% while value increased by 5.08%. Investors traded a
total of 119,332 units of shares valued at 12.30 million in 7 deals.
please find here our Daily Financial Market update for today, November 03, 2021
03
Nov
Read more...
01
Nov
Weekly Market Review & Stock Recommendations – November 1, 2021
Dear Client/Reader,
Global Economic Roundup
US growth slows to just 2% as Delta hits economy
US economic growth slowed sharply in the third quarter of the year, as the fast-spreading Delta variant of coronavirus dampened consumer spending.The economy expanded at an annualised rate of just 2% in the three months to September – down from 6.7% in the previous quarter. It came as the US faced supply chain issues, rising inflation and new Covid restrictions in some places.But infection rates are falling and some experts think growth will pick up.On a non-annualised basis, the growth figure was 0.5%.
South Korea’s Q3 GDP grows at slower pace, misses forecast
South Korea’s economy grew at a slower pace in the third quarter, as robust exports were offset by weak domestic demand and construction and facility investments, data from the Bank of Korea showed on Tuesday. South Korea’s Q3 GDP grows at slower pace, misses forecast. Gross domestic product (GDP) grew a seasonally adjusted 0.3% in the third quarter, , the slowest in five quarters and following a 0.8% rise in the preceding three months. It also fell short of the 0.6% growth
Pension funds invested in banks rise to N2.05tn
The total amount of pension funds invested in banks by Pension Fund Administrators rose to N2.05tn at the end of July from N1.48tn in January. The National Pension Commission disclosed this in its report, titled ‘Unaudited report on pension funds industry portfolio for the period ended 31 July 2021’. It said total assets under the Contributory Pension Scheme stood at N12.78tn as of the period under review.
Some of our recommended stocks are mentioned below;
UBA PLC:
UBA Plc Q3 2021 result showed that Interest income advanced by 8.38% from N317 bn in Q3 2020 to N343bn in the current period. Net interest income increased by 23.25% to N229 bn in Q3 2021 from N186 bn in Q3 2020. The increase in net interest income was driven by the rise in interest income and a 12.75% drop in the interest expense. In a similar tune, operating income increased by 16.28% from N282 bn in Q3 2020 to N328 bn in the current period. Likewise, profit after tax advanced by 36.35% from N77 bn in Q3 2020 to N104 bn in Q3 2021 despite a 41.67% increase in tax expense. Consequently, earnings per share went up by 36.11% from N2.16 in Q3 2020 to N2.94 in Q3 2021. UBA has a BVPS of N23.34, P/BV of 0.36x and P/E ratio of 1.45x.
WAPCO PLC:
Wapco Plc Q3 2021 results showed that revenue grew by 21.86% from N179bn in Q3’2020 to N219bn in Q3’2021. Similarly, gross profit went up by 13.53% to N63bn in Q3’2021 from N56 bn in Q3’2020. Profit from operations rose by 17.09% from N41 bn in Q3’2020 to N48 bn in Q3’2021. Profit before tax grew by 28.02% to N43 bn in Q3’2021 from N34 bn in Q3’2020, on the back of a 25.30% decline in finance cost. Profit after tax rose by 43.26% from N28 bn in Q3’2020 to N40.39 bn in Q3’2021. Consequently, Earnings per share increased by 43.43%, from N1.75 in Q3’2020 to N2.51 in Q3’2021. Wapco has a BVPS of N23.83, P/BV of 1.01x and P/E ratio of 5.37x.
Please find here our Weekly Market Review & Stock Recommendations for this week.
