Stock Price List for August 20, 2021
Dear Client/Reader,
Please find here our Stock Price list for today August 20, 2021
20
Aug
19
Aug
Daily Financial Markets Report for August 19, 2021
Equities market closes on a Positive note… ASI gains 32 Basis Point
The Nigerian Exchange Limited (NGX) closed Positive. The benchmark All Share
Index (ASI) appreciated by 0.32% to close at 39,670.29. Market Capitalization
increased by 64.93 Billion to close at N20.668 trillion while the Year-to-Date (YtD)
returns settled at –1.49%.
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 sector. Some of today’s
market gainers include: NAHCO (10.00%), NEIMETH (10.00%), HONYFLOUR (9.96%),
BOCGAS (9.90%), WAPCO (3.84%), AIICO (3.16%), MTNN (2.56%), TRANSCORP
(2.08%), WAPIC (2.08%), WEMABANK (1.16%), ACCESS (1.11%), FBNH (0.68%) 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 0.11 % to close at 736.89. Consequently, Market
Capitalization closed at 640.48 billion. Market activity measured by aggregate
volume decreased by 79.22% while value increased by 88.09%. Investors traded a
total of 1,181,550 units of shares valued at N11.9 million in 13 deals.
Please find here our Daily Financial Market update for today, August 19, 2021
19
Aug
Stock Price List for August 19, 2021
Dear Client/Reader,
Please find here our Stock Price list for today August 19, 2021
18
Aug
Daily Financial Markets Report for August 18, 2021
Equities market closes on a Flat note… ASI loses 1 Basis Point
The Nigerian Exchange Limited (NGX) closed Flat. The benchmark All Share Index
(ASI) depreciated by 0.01% to close at 39,545.67. Market Capitalization decreased
by 2.4 Billion to close at N20.60 trillion while the Year-to-Date (YtD) returns settled
at –1.80%.
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 sector. Some of today’s
market losers include: SCOA (-9.66%), CAVERTON (-5.49%), WAPIC (-4.00%),
ACCESS (-1.04%), AIICO (-1.04%), ETI (-0.90%), GTCO (-0.88%), FBNH (-0.68%),
LIVESTOCK (-0.50%) and UCAP (-0.43%) amongst others.
NASD Market
The NASD market closed Positive after today’s trading activities as the Unlisted
Securities Index (USI) advanced by 0.04 % to close at 737.72. Consequently, Market
Capitalization closed at 641.20 billion. Market activity measured by aggregate
volume increased by 1174.68% while value increased by 587.89%. Investors traded a
total of 5,686,894 units of shares valued at N99.98 million in 28 deals.
Please find here our Daily Financial Market update for today, August 18, 2021
18
Aug
Stock Price List for August 18, 2021
Dear Client/Reader,
Please find here our Stock Price list for today August 18, 2021
17
Aug
Daily Financial Markets Report for August 17, 2021
Equities market closes on a Positive note… ASI gains 11 Basis Point
The Nigerian Exchange Limited (NGX) closed Positive. The benchmark All Share
Index (ASI) appreciated by 0.11% to close at 39,550.36. Market Capitalization
increased by 23 Billion to close at N20.61 trillion while the Year-to-Date (YtD)
returns settled at –1.79%.
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 sector. Some of today’s
market gainers include: HONYFLOUR (9.78%), WEMABANK (3.70%), DANGCEM
(3.31%), UPDC (3.25%), UACN (1.95%), FIDELITYBK (1.68%), STERLNBANK (1.32%),
TRANSCORP (1.06%), AIICO (1.05%), NAHCO (0.75%), FBNH (0.68%) and LIVESTOCK
(0.51%) amongst others.
NASD Market
The NASD market closed Negative after today’s trading activities as the Unlisted
Securities Index (USI) declined by 1.10% to close at 737.43. Consequently, Market
Capitalization closed at 640.96 billion. Market activity measured by aggregate
volume decreased by 76.02% while value decreased by 66.65%. Investors traded a
total of 446,143 of shares valued at N14.53 million in 12 deals.
Please find here our Daily Financial Market update for today, August 17, 2021
16
Aug
Daily Financial Markets Report for August 16, 2021
Equities market closes on a Flat note… ASI loses 4 Basis Point
The Nigerian Exchange Limited (NGX) closed Flat. The benchmark All Share Index
(ASI) depreciated by 0.04% to close at 39,505.40. Market Capitalization decreased
by 8.82 Billion to close at N20.58 trillion while the Year-to-Date (YtD) returns settled
at –1.90%.
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 sector. Some of today’s
market losers include: ABCTRANS (-8.33%), FIDELITYBK (-4.80%), CHIPLC (-3.92%),
WAPCO (-1.35%), STERLNBANK (-1.31%), TRANSCORP (-1.05%), UBA (-0.66%),
ZENITHBANK (-0.61%) and CADBURY (-0.56%) amongst others.
NASD Market
The NASD market closed Positive after today’s trading activities as the Unlisted
Securities Index (USI) advanced by 0.04% to close at 745.66. Consequently, Market
Capitalization closed at 648.11 billion. Market activity measured by aggregate
volume increased by 641.09% while value increased by 913.55%. Investors traded a
total of 1,860,688 units of shares valued at N43.578 million in 16 deals.
Please find here our Daily Financial Market update for today, August 16, 2021
16
Aug
Stock Price List for August 16, 2021
Dear Client/Reader,
Please find here our Stock Price list for today August 16, 2021
16
Aug
Weekly Market Review & Stock Recommendations – August 16, 2021
Dear Client/Reader,
Global Economic Roundup
Oil price falls below $70 per barrel, as OPEC urged to increase output
Oil fell below $70 a barrel as the United States urged the Organisation of Petroleum Exporting Countries, OPEC, and its oil-producing partners to boost output, saying current production was not enough and could threaten the global economic recovery. Brent Crude traded at $69.83, a decline of 0.80 cent, while the United States West Texas Intermediate (WTI) crude dropped $0.62, or 0.92 per cent, to $67.69 a barrel. Nigeria’s grade of crude oil Bonny Light traded at $69.79 per barrel. The OPEC and non-OPEC producers, at a joint meeting last month agreed to boost output by 400,000 barrels a day starting in August until the rest of their output cuts are phased out. Eurozone business activity soars to 15-year high in July.
Senate Passes $1 Trillion Infrastructure Bill, Handing Biden a Bipartisan Win
The Senate gave overwhelming bipartisan approval on Tuesday to a $1 trillion infrastructure bill to rebuild the nation’s deteriorating roads and bridges and fund new climate resilience and broadband initiatives, delivering a key component of President Biden’s agenda. With $550 billion in new federal spending, the measure would provide $65 billion to expand high-speed internet access; $110 billion for roads, bridges and other projects; $25 billion for airports; and the most funding for Amtrak since the passenger rail service was founded in 1971. It would also renew and revamp existing infrastructure and transportation programs set to expire at the end of September.
World Bank donates $15m to FCT for economic recovery
The Federal Capital Territory Administration FCTA has received $15m from the World Bank support through the Federal Government to cushion the effects of the COVID-19 pandemic on the territory, especially its impact on lives and livelihoods of the poor and vulnerable. The federal government World Bank-assisted economic recovery fund is put at $750 million for Nigeria’s 36 states and the FCT. The FCTA is especially eager to support the acceleration and expansion of this recovery to help businesses regain markets, income, and confidence.
Some of our recommended stocks are mentioned below;
HONYFLOUR PLC:
Honyflour Q1 2021 results showed that revenue grew by 25.23% from N26.39bn in Q1 2020 to N33.06bn in Q1 2021. Similarly, gross profit decreased by 12.18% to N3.67bn in Q1 2021 from N4.18 bn in Q1 2020. Profit after tax grew by 233% from N21 million in Q1 2020 to N70 million in Q1 2021, along with an 18% decrease in Sales and Administrative Expenses. Consequently, EPS rose by 231.58% from N0.06 in Q1 2020 to N0.19 in Q1 2021. Honyflour has a BVPS of N7.33, P/BV of 0.28x and a P/E ratio of 3.59x.
MAYBAKER PLC:
Maybaker Q2 2021 results showed an increase in revenue by 35.67% from N4.07bn in Q2 2020 to N5.52 bn in Q2 2021. PBT went up by 26.52% from N645 million in Q2 2020 to N816 million in the current period, despite a 103.98% increase in Administrative Expenses. PAT grew by 26.52% from N438 million in Q2 2020 to N555 million in Q2 2021, despite a 26% surge in taxes. EPS grew by 26% to N0.32 in Q2 2021 from N0.25 in Q2 2020. Maybaker has a BVPS of N3.93, P/BV ratio of 1.12x and P/E ratio of 13.75x.
Please find attached.
Thank you.
Please find here our Weekly Market Review & Stock Recommendations for this week.
13
Aug
Daily Financial Markets Report for August 13, 2021
Equities market closes on a Positive note… ASI gains 8 Basis Point
The Nigerian Exchange Limited (NGX) closed Positive. The benchmark All Share
Index (ASI) appreciated by 0.08% to close at 39,522.34. Market Capitalization
increased by 16 Billion to close at N20.59 trillion while the Year-to-Date (YtD)
returns settled at –1.86%.
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 sector. Some of today’s
market gainers include: FTNCOCOA (10.00%), HONYFLOUR (9.63%), UPDC (8.85%),
UNILEVER (7.99%), MANSARD (3.41%), WAPCO (2.29%), TRANSCORP (2.15%),
FIDELITYBK (2.04%), FLOURMILL (1.84%), UBA (1.33%), UCAP (0.58%), ZENITHBANK
(0.41%) and OANDO (0.41%) amongst others.
NASD Market
The NASD market closed Negative after today’s trading activities as the Unlisted
Securities Index (USI) declined by 0.07% to close at 745.36. Consequently, Market
Capitalization closed at 647.85 billion. Market activity measured by aggregate
volume decreased by 30.64% while value decreased by 52.03%. Investors traded a
total of 251,074 units of shares valued at N4.299 million in 12 deals
Please find here our Daily Financial Market update for today, August 13, 2021
