Stock Price List for September 17, 2020
Dear Client/Reader,
Please find attached our Stock Price list for today, September 16, 2020.
Thank you.
Regards
Click here for the Stock Price List Report.
17
Sep
17
Sep
Daily Financial Market Report for September 17, 2020
Dear Client/Reader,
Bearish Run Persists…ASI Loses 7 Basis Points
The Nigerian Stock Exchange (NSE) closed negative as the bears dominated proceedings in the market today. The benchmark All Share Index (ASI) waned by 0.07% to close at 25,533.35. Market Capitalization shed N9.18 billion to close at N13.34 trillion while the Year-to-Date (YtD) returns settled at -4.88%.
Sectors performance broadly bullish
Performance across sectors was broadly bullish as three sectors closed in the green zone. Insurance, Consumer Goods, and Industrial indices increased by 1.28%, 0.07% and 0.05% respectively, on the back of buy interests recorded in the shares of Aiico (4.71%); Cadbury (7.10%); Intbrew (10.00%). Conversely, Banking and Oil and Gas indices declined by 0.36% and 0.19% respectively, on the back of selloffs recorded in the shares of Oando (-2.13%) and Fidelitybk (-0.56%).
NASD Market
The NASD market closed bearish after today’s trading activities as the Unlisted Securities Index (USI) declined by 29 basis points to close at 720.02. Consequently, Market Capitalization also decreased by 0.29% to close at N528.9 billion. Market activity measured by aggregate volume increased by 63.99% while value increased by 158.19%. Investors traded a total of 1,331,905 units of shares valued at N21.1 million in 13 deals. Eight securities traded on the NASD platform today and they are: CSCS Plc, Afriland Properties Plc, WAMCO Plc, Mixreal Plc, Nipco Plc, Airliquid Plc, Famad Plc and NDEP Plc.
Please find attached our Daily Financial Market update for today, September 17, 2020.
Thank you.
Click here for the Daily Financial Market Update.
16
Sep
Daily Financial Market Report for September 16, 2020
Dear Client/Reader,
Bearish Run Persists…ASI Loses 19 Basis Points
The Nigerian Stock Exchange (NSE) retracts as the bears dominated proceedings in the market today. The benchmark All Share Index (ASI) waned by 0.19% to close at 25,550.31. Market Capitalization shed N1.16 billion to close at N13.35 trillion while the Year-to-Date (YtD) returns settled at -4.81%.
Sectors performance broadly bearish
Performance across sectors was broadly bearish as two sectors closed in the green zone. Insurance, Banking, and Industrial indices declined by 1.49%, 0.58% and 0.23% respectively, on the back of selloffs recorded in the shares of Nem (-9.78%); Access (-1.49%) and Zenithbank (-1.16%); Wapco (-3.70%). Conversely, Oil and Gas and Consumer Goods indices advanced by 0.41% and 0.07% respectively, on the back of buy interest recorded in the shares of Oando (4.44%) and Ardova (0.44%); NB (2.31%).
NASD Market
The NASD market closed bearish after today’s trading activities as the Unlisted Securities Index (USI) declined by 69 basis points to close at 722.13. Consequently, Market Capitalization also decreased by 0.69% to close at N530.45 billion. Market activity measured by aggregate volume decreased by 20.65% while value declined by 89.02%. Investors traded a total of 812,166 units of shares valued at N8.17 million in 9 deals. Four securities traded on the NASD platform today and they are: CSCS Plc, Afriland Properties Plc, WAMCO Plc and NDEP Plc.
Please find attached our Daily Financial Market update for today, September 16, 2020.
Thank you.
Click here for the daily market report.
16
Sep
Stock Price List for September 16, 2020
Dear Client/Reader,
Please find attached our Stock Price list for today, September 16, 2020.
Thank you.
Regards,
Click here for the daily price list.
15
Sep
Daily Financial Market Report for September 15, 2020
Dear Client/Reader,
Bears Regain Dominance on Local Bourse…ASI Loses 3 Basis Points
The Nigerian Stock Exchange (NSE) retracts as the bears dominated proceedings in the market today. The benchmark All Share Index (ASI) waned by 0.03% to close at 25,597.96. Market Capitalization shed N3.97 billion to close at N13.35 trillion while the Year-to-Date (YtD) returns settled at -4.63%.
Sectors performance broadly bearish
Performance across sectors was broadly bearish as two sectors closed in the green zone. Oil and Gas, Banking, and Consumer Goods indices declined by 1.16%, 0.18% and 0.10% respectively, on the back of selloffs recorded in the shares of Oando (-5.46%) and Seplat (-1.28%); UBA (-0.81%) and Zenithbank (-0.29%); Dangsugar (-1.24%). Conversely, Insurance and Industrial indices advanced by 0.35% and 0.21% respectively, on the back of buy interest recorded in the shares of Cornerst (6.45%); Wapco (3.45%).
NASD Market
The NASD market closed bullish after today’s trading activities as the Unlisted Securities Index (USI) advanced by 115 basis points to close at 727.12. Consequently, Market Capitalization also increased by 1.15% to close at N534.12 billion. Market activity measured by aggregate volume increased by 3,628.84% while value advanced by 5,367.26%. Investors traded a total of 1.02 million units of shares valued at N74.13 million in 11 deals. Six securities traded on the NASD platform today and they are: NIPCO Plc, WAMCO Plc, Food Concept Plc, Afriland Properties Plc, VFD Group Plc and NDEP Plc.
Please find attached our Daily Financial Market update for today, September 15, 2020.
Thank you.
Click here for the daily financial market report.
15
Sep
Stock Price List for September 15, 2020
Dear Client/Reader,
Please find attached our Stock Price list for today, September 15, 2020.
Thank you.
Regards
Click here for the daily price list.
15
Sep
Headline Inflation Increased by 13.22% in August 2020; 0.40% higher than July 2020 (12.82%) Rate
Dear Client/Reader,
The National Bureau of Statistics just reported that the consumer price index, (CPI) which measures inflation increased by 13.22% (year-on-year) in August 2020. This is 40 basis points higher than the rate recorded in July 2020 (12.82%).
The percentage change in the average composite CPI for the twelve months period ending August 2020 over the average of the CPI for the previous twelve months period was 12.23%, indicating a 0.18% increase from 12.05% recorded in July 2020.
Food Index Rose by 16.00%
Food index rose by 16.00% in August 2020. The average annual rate of change of the Food sub-index for the twelve-month period ending August 2020 over the previous twelve-month average was 14.87%, 0.24% higher than the average annual rate of change recorded in July 2020 (14.63%). This rise in the food index was caused by increases in prices of Bread and cereals, Potatoes, Yam and other tubers, Meat, Fish, Fruits, Oils and fats and Vegetables. On a month-on-month basis, the food sub-index increased by 1.67% in August 2020, up by 0.15% from 1.52% recorded in July 2020.
Core Index stood at 10.52%
Price movements recorded by the Core index stood at 10.52% (year -on-year) in August 2020, up by 42 basis points as against 10.10% recorded in July 2020. The highest increases were recorded in prices of Passenger transport by air, Hospital services, Medical services, Pharmaceutical products, Maintenance and repair of personal transport equipment, Vehicle spare parts, Motor cars, Passenger transport by road, Miscellaneous services relating to the dwelling, Repair of furniture and Paramedical services. On a month-on-month basis, the core sub-index increased by 1.05% in August 2020, up by 30 basis points from 0.75% recorded in July 2020.
Urban Index increased by 13.83%
The Urban index increased by 13.83% (year-on-year) in August 2020 compared to 13.40% recorded in July 2020, while the Rural index increased by 12.65% (year -on-year) in August 2020 as against 12.28% in July 2020. On a month-on-month basis, the urban index rose by 1.42% in August 2020, up by 0.15% from 1.27% recorded in July 2020, while the rural index also rose by 1.27% in August 2020, up by 0.04% from the rate recorded in July 2020 (1.23%).
Regards,
14
Sep
Daily Financial Market Report for September 14, 2020
Dear Client/Reader,
Equity Market Resumes New Week Bullish…ASI Gains 5 Basis Points
The Nigerian Stock Exchange (NSE) closed positive as bulls dominated proceedings in the market today. The benchmark All Share Index (ASI) appreciated by 0.05% to close at 25,605.59. Market Capitalization gained N7.11 billion to close at N13.36 trillion while the Year-to-Date (YtD) returns settled at -4.61%.
Sectors performance broadly bearish
Performance across sectors was broadly bearish as two sectors closed in the green zone. Consumer Goods, Oil and Gas and Insurance indices declined by 0.50%, 0.08% and 0.07% respectively, on the back of selloffs recorded in the shares of Guinness (-8.57%) and Intbrew (-0.37%); Oando (-0.83%); Cornerst (-4.62%). Conversely, Industrial and Banking indices advanced by 0.51% and 0.15% respectively, on the back of buy interest recorded in the shares of Wapco (1.95%) and Dangcem (0.75%); Guaranty (0.40%) and Zenithbank (0.29%).
NASD Market
The NASD market closed bullish after today’s trading activities as the Unlisted Securities Index (USI) advanced by 89 basis points to close at 718.87. Consequently, Market Capitalization also increased by 0.89% to close at N528.06 billion. Market activity measured by aggregate volume decreased by 74.12% while value declined by 21.75%. Investors traded a total of 27,450 units of shares valued at N1.36 million in 5 deals. Two securities traded on the NASD platform today and they are: CSCS Plc and NDEP Plc.
Please find attached our Daily Financial Market update for today, September 14, 2020.
Thank you.
Click here for the daily financial market report.
14
Sep
Weekly Market Review & Stock Recommendations – September 14, 2020
Dear Client/Reader,
Global Economic Roundup
Oil Markets Face Bearish Blowback
· Crude oil was under pressure on Friday and in a position to close lower for a second consecutive week on growing demand worries and an unexpected rise in U.S. stockpiles that raised new concerns about oversupply.
Used cars drive U.S. consumer prices higher in August
· U.S. consumer prices rose solidly in August, with the cost of used cars and trucks increasing by the most in more than 51 years likely as Americans shunned public transportation because of fears of contracting COVID-19.
Domestic Economic Roundup
Inflation rate will hit 14.15% as deficit financing rises — CBN
· The country’s inflation rate which stood at 12.82 per cent in July may rise up to 14.15 per cent by the end of December 2020 as the Federal Government’s deficit rises due to current economic challenges in the country.
Oil marketers now free to fix prices, says PPPRA
· The Federal Government is no more going to be releasing guiding price bands for the sale of petrol at filling stations; hence, oil marketers are now free to fix prices.
Equities Market
The Nigerian Stock Exchange closed bullish last week as the ASI declined by 0.05% week-on-week to close at 25,591.95 points.
The current low prices of stocks still provide good buying opportunities in the market. Some of our recommended stocks are mentioned below;
WAPCO – Lafarge Africa Plc. HY’2020 results showed that revenue grew by 2.25% from N117.89 bn in HY’2019 to N120.54 bn in HY’2020. Similarly, gross profit went up by 5.70% to N41.71 bn in HY’2020 from N39.46 bn in HY’2019. The growth in gross profit was driven by the growth in revenue. Profit from operations rose by 17.81% from N27.85 bn in HY’2019 to N32.81 bn in HY’2020, due to an 30.64% and 9.93% decline in administrative expenses and selling and distribution expense, respectively. Profit before tax grew by 86.09% to N28.76 bn in HY’2020 from N15.45 bn in HY’2019, on the back of a 66.77% decline in finance cost. Profit after tax rose by 47.29% from N15.84 bn in HY’2019 to N23.33 bn in HY’2020, despite a 1,506% increase in taxes. Consequently, earnings per share increased by 158.93%, from N0.56 in HY’2019 to N1.45 in HY’2020. Wapco has a BVPS of N21.86, P/BV of 0.59x and P/E ratio of 4.41x. Wapco is expected to shield itself from the adverse impacts of the Covid-19 pandemic, as the company has been able to sustain their revenue during the lockdown by leveraging an organized price increase of their cement product to fill the shortfalls left by reduced demands. This aggressive revenue growth strategy has also been met with effective cost reduction tactics, both of which will support a full year growth similar to what was seen the first half of the year. Accordingly, we expect to see the PAT cross N28.00 billion, hence, taking the EPS above N10.00.
PRESCO – Presco’s results for HY’2020 revealed that revenue increased by 29.35% from N10.41 bn in HY’2019 to N13.46 bn in the current period. Similarly, gross profit went up by 32.10% to N9.04 bn in HY’2020 from N6.85 bn in HY’2019, despite a 24.06% surge in cost of sales. In the same vein, operating profit increased by 51.73% from N4.35 bn in HY’2019 to N6.60 bn in the current period. The growth recorded in the operating profit was supported by reductions in key expenditure line items, such as; the administrative expenses and selling and distribution expenses, which both declined by 21.01% and 18.00%, respectively. Profit before tax rose by 67.71% to N5.77 bn in HY’2020 from N3.44 bn in HY’2019, supported by an 8.64% decline in finance cost. Profit after tax advanced by 70.51% from N2.58 bn in HY’2019 to N4.39 bn in HY’2020. Consequently, earnings per share grew by 70.82%, from N2.57 in HY’2019 to N4.39 in HY’2020. Presco has a BVPS of N32.28, P/BV of 1.52x and a P/E ratio of 5.58x. Presco has been able to take advantage of greater government support and increased investor sentiment to sustain their growth through the recent economic crises. This was evidenced in their half year results, which stood in line with our earlier projections. The 2020 growth outlook for the agricultural sector remains positive at 4.20 percent, buoyed by the performance of key public companies, such as Presco, which are able to leverage the increased relevance of agriculture, during times of economic hardship that have been sponsored in part or in whole by crude oil shocks. Accordingly, see the 2020 PAT crossing N7.00 bn, taking the EPS past N7.00.
Please find attached our Weekly Market Review & Stock Recommendations for this week.
Thank you.
Click here for the full report.
11
Sep
Daily Financial Market Report for September 11, 2020
Dear Client/Reader,
Equity Market Sustains Uptrend…ASI Gains 28 Basis Points
The Nigerian Stock Exchange (NSE) closed positive as bulls dominated proceedings in the market today. The benchmark All Share Index (ASI) appreciated by 0.28% to close at 25,591.95. Market Capitalization gained N37.03 billion to close at N13.35 trillion while the Year-to-Date (YtD) returns settled at -4.66%.
Sectors performance broadly bullish
Performance across sectors was broadly bullish as two sectors closed in the red zone. Insurance, Banking and Industrial indices advanced by 0.45%, 0.35% and 0.25% respectively, on the back of buy interest recorded in the shares of Cornerst (6.56%) and Mansard (2.78%); Zenithbank (1.74%) and Guaranty (1.01%); Wapco (4.92%). Conversely, Consumer Goods and Oil and Gas indices declined by 0.31% and 0.04% respectively, on the back of selloffs recorded in the shares of Intbrew (-4.11%) and Guinness (-3.57%); Ardova (-9.20%).
Market synopsis for the week
The stock market closed negative this week. The nation’s bourse had bearish performance as it closed negative in three of the five trading sessions. The market recorded gains on the fourth and last trading day of the week (0.38% and 0.28%, respectively) and recorded losses on the first, second and third trading day of the week (-0.09%, 0.33% and -0.28% respectively), due to sell pressure in large and mid-cap stocks across Consumer Goods and Oil and Gas sectors. Overall, ASI declined by 0.05% week-on-week, while the year-to-date returns settled at -4.66%.
Please find attached our Daily Financial Market update for today, September 11, 2020.
Thank you.
Click here for the daily financial market report.
