Stock Price List for March 01, 2021
Dear Client/Reader,
Please find here our Stock Price list for today, March 01, 2021.
01
Mar
01
Mar
Dangote Sugar Plc. Posts PAT growth of 33.15% in FY 2020 result
Dangote Sugar Plc. showed that Revenue grew by 33.03% from N161.09 bn in FY’2019 to N214.30 bn in FY’2020. Similarly, gross profit increased by 40.38% to N53.75 bn in FY’2020 from N38.29 bn in FY’2019. The increase in gross profit was driven by the surge in revenue despite a 30.74% hike in cost of sales. Profit from operations advanced by 48.46% from N29.93 bn in FY’2019 to N44.44 bn in FY’2020, due to a 49.67% increase in other income and a 16.83% decline in selling and distribution expenses. Profit before tax grew by 52.98% to N45.62bn in FY’2020 from N29.82 bn in FY’2019. Profit after tax grew by 33.15% from N22.36 bn in FY’2019 to N29.77 bn in FY’2020, despite a 112.5% increase in income tax expenses. Consequently, earnings per share rose by 31.02%, from N1.87 in FY’2019 to N2.45 in FY’2020. Dangote Sugar has a BVPS of N10.39, P/BV of 1.73x and P/E ratio of 7.35x. The stock currently trades at N18.00.
Please find here Dangote Sugar Plc FY-2020 result analysis
26
Feb
Daily Financial Market Report for February 26, 2021
Equities market closes Bearish…ASI Loses 74 Basis Point
The Nigerian Stock Exchange (NSE) closed negative as bears dominated proceedings in the market today. The benchmark All Share Index (ASI) depreciated by 0.74% to close at 39,799.89. Similarly, Market Capitalization decreased by N154 billion to close at N20.82 trillion while the Year-to-Date (YtD) returns settled at -1.17%.
Sectors performance was Significantly Bearish
Performance across sectors was significantly bearish as 4 out of the 5 sectors closed in the red zone. Insurance, Banking, Consumer goods and Industrial indices declined by 2.32%, 0.48%, 0.40% and 0.19% respectively, on the back of sell pressures recorded in the shares of WEMA (-10.00%), AFRIPRUD (-5.74%), MANSARD (-5.36%), MTNN (-3.28%), WAPCO (-2.94%), ZENITH (-1.55%), TRANSCORP (-1.09%), UBA (-0.61%), DANGSUGAR (-0.55%) and GUARANTY (-0.16%) among others. However, Oil and gas advanced on the back of buy interests recorded in the shares of OANDO (2.99%).
NASD Market
Please find here our Daily Financial Market update for today, February 26th, 2021.
26
Feb
Stock Price List for February 26, 2021
Dear Client/Reader,
Please find here our Stock Price list for today, February 26, 2021.
25
Feb
Daily Financial Market Report for February 25, 2021
Equities market closes Bearish…ASI Loses 31 Basis Point
The Nigerian Stock Exchange (NSE) closed negative as bears dominated proceedings in the market today. The benchmark All Share Index (ASI) depreciated by 0.31% to close at 40,095.49. Similarly, Market Capitalization decreased by N65 billion to close at N20.98 trillion while the Year-to-Date (YtD) returns settled at -0.44%.
Sectors performance was Significantly Bearish
Performance across sectors was significantly bearish as 3 out of the 5 sectors closed in the red zone. Banking, Oil and gas and Consumer goods indices declined by 1.44%, 0.15% and 0.79% respectively, on the back of sell pressures recorded in the shares of ACCESS (-5.29%), TRANSCORP (-4.26%), UBA (-4.09%), UCAP (-3.85%), NB (-3.70%), FCMB (-2.57%), OANDO (-1.76%), ZENITH (-1.71%), DANGSUGAR (-1.10%) and FBNH (-0.68%) among others. However, Insurance advanced on the back of buy interests recorded in the shares of PRESTIGE (4.55%), WAPIC (3.70%) and MANSARD (0.90%). Industrial Index remained unchanged.
NASD Market
The NASD market remained unchanged after today’s trading activities as the Unlisted Securities Index (USI) closed at 713.91. Consequently, Market Capitalization also closed unchanged at N512.24 billion. Market activity measured by aggregate volume decreased by 87.84% while value decreased by 84.56%. Investors traded a total of 4,998 units of shares valued at N662,700 in 2 deals.
Please find here our Daily Financial Market update for today, February 25th, 2021.
25
Feb
Stock Price List for February 25, 2021
Dear Client/Reader,
Please find here our Stock Price list for today, February 25, 2021.
25
Feb
Daily Financial Market Report for February 24, 2021
Equities market closes Bullish…ASI Gains 14 Basis Point
The Nigerian Stock Exchange (NSE) closed positive as bulls dominated proceedings in the market today. The benchmark All Share Index (ASI) appreciated by 0.14% to close at 40,221.30. Similarly, Market Capitalization increased by N29 billion to close at N21.04 trillion while the Year-to-Date (YtD) returns settled at -0.12%.
Sectors performance was Significantly Bullish
Performance across sectors was significantly bullish as 3 out of the 5 sectors closed in the green zone. Banking, Oil and gas and Industrial indices advanced by 0.77%, 0.79% and 0.22% respectively, on the back of buy interests recorded in the shares of OANDO (10.00%), WAPCO (4.13%), AFRIPRUD (2.52%), ACCESS (1.80%), UBA (1.18%), DANGSUGAR (1.11%), TRANSCORP (1.09%), GUARANTY (0.98%), ZENITH (0.77%) and FBNH (0.68%) among others. However, Insurance and Consumer goods declined on the back of sell pressure recorded in the shares of LASACO (-9.49%), CHIPLC (-8.33%), CORNERST (-7.81%), FLOURMILL (-6.94%), WAPIC (-6.90%), MBENEFIT (-2.50%), MANSARD (-1.77%) and AIICO (1.67%).
NASD Market
Please find here our Daily Financial Market update for today, February 24th, 2021.
25
Feb
Stock Price List for February 24, 2021
Dear Client/Reader,
Please find here our Stock Price list for today, February 24, 2021.
23
Feb
ZENITH BANK Plc. Posts 10.40% PAT Growth in Q4’2020
The Q4’2020 result of Zenith Plc showed that Interest income advanced by 1.26% from N415.56 bn in Q4’2019 to N420.81 bn in the current period. Net interest income increased by 12.23% to N299.68 bn in Q4’2020 from N267.03 bn in Q4’2019. The increase in net interest income was driven by a 18.45% decline in interest expense. Likewise, profit before tax advanced by 5.17% from N243.29 bn recorded in Q4’2019 to N255.86 bn in the current period. The growth in profit was driven by a 256.89% and 3.29% increase in other operating income and trading income, respectively, but subdued by a 64.51% hike in impairment charge and a 20.75% fall in net fees and commission income. Profit after tax grew by 10.40% from N208.84 bn in Q4’2019 to N230.57 bn in Q4’2020, due to a 26.57% decline in income tax expense. Consequently, earnings per share went up by 10.38% from N6.65 in Q4’2019 to N7.34 in Q4’2020. Zenith currently trades at N26.00.
Please find here the Zenith Q4 2020 Earnings Flash snapshot
23
Feb
GDP FLASH: A Welcomed Exit from Recession as Q4′ 2020 GDP grows by 0.11%
Nigeria’s Gross Domestic Product (GDP) grew by 0.11%(year-on-year) in real terms in the fourth quarter of 2020, representing the first positive quarterly growth in the last three quarters. Though weak, the positive growth reflects the gradual return of economic activities following the easing of restricted movements and limited local and international commercial activities in the preceding quarters.In the fourth quarter of 2020, an average daily oil production of 1.56 million barrels per day (mbpd) was recorded. This was lower than the daily average production of 2.00mbpd recorded in the same quarter of 2019 by -0.44mbpd and the third quarter of 2020 by –0.11mbpd. The non-oil sector grew by 1.69% in real terms in Q4 2020, slower than the 2.26% recorded in the corresponding quarter of 2019, but better than the –2.51% growth rate recorded in the preceding quarter. For the full year of 2020 however, the non-oil sector grew –1.25% compared to 2.06% in 2019. Growth in the sector was driven by Information and Communication (Telecommunications & Broadcasting). Other driver were Agriculture (Crop Production), Real Estate, Manufacturing (Food, Beverage & Tobacco), Mining and Quarrying (Quarrying and other Minerals), and Construction, accounting for positive GDP.
Please find here the GDP Q4 2020 report.
