Daily Financial Market Report

Weekly Market Review & Stock Recommendations – June 20, 2022

Some of our recommended stocks are mentioned below; 
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BUA Foods Plc Q1 2022 result showed that revenue advanced by 28.30% from N70.2bn in Q1 2021 to N90.07bn in the current period. Operating profit increased by 14.46% to N26.1bn in Q1 2022 from N22.81bn in Q1 2021. Profit before tax advanced by 16.87% from N21.25bn recorded in Q1 2021 to N24.84bn in the current period. Likewise, profit after tax grew by 18.61% from N19.26bn in Q1 2021 to N22.84bn in Q1 2022. Consequently, earnings per share went up by 18.69% from N1.07 in Q1 2021 to N1.27 in Q1 2022. Bua Foods Plc has a BVPS of N12.42, P/BV of 4.43x and P/E ratio of 10.83x. 
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 MTNN Plc Q1 2022 results showed an increase in revenue by 22.23% from ₦385.32bn in Q1 2021 to ₦470.98bn in Q1 2022. Operating profit advanced from ₦133.11bn in Q1 2021 to ₦179.33bn in Q1 2022, reflecting an increase of 34.72%. Profit before tax grew by 39.42% from ₦102.99bn in Q1 2021 to ₦143.59bn in the current period, despite a 28.65% increase in finance costs. Profit after tax rose by 31.28% from ₦73.75bn in Q1 2021 to ₦96.82bn in Q1 2022. EPS increased by 31.49% to ₦4.76 in Q1 2022 from ₦3.62 in Q1 2021. MTNN has a BVPS of ₦17.54, P/BV of 12.60x and P/E ratio of 11.61x.

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Daily Market Report for June 16, 2022

  • The Nigerian Exchange Limited Bourse closed Negative. The benchmark All Share Index (ASI) depreciated by 0.69% to close at 52,411.09 pts. Market Capitalization decreased by 196.4 billion to close at N28.26 trillion and the Year-to-Date (YtD) returns settled at 22.70%.
  • Performance across sectors was broadly bearish as 5 out of 5 sectors closed in the red zone. Banking, Consumer Goods, Industrial, Insurance and Oil/Gas Indices declined by 0.62%, 0.06%, 0.01%, 0.28% and 0.83% respectively. 
  • Market activity measured by aggregate volume increased by 12.51% and value increased by 0.09%. Investors traded a total of 211 million units of shares valued at N2.37 billion in 4,750 deals

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Daily Market Report for June 15, 2022

  • The Nigerian Exchange Limited Bourse closed Negative. The benchmark All Share Index (ASI) depreciated by 0.64% to close at 52,775.40 pts. Market Capitalization decreased by 182.91 billion to close at N28.45 trillion and the Year-to-Date (YtD) returns settled at 23.55%.
  • Performance across sectors was broadly bearish as 3 out of 5 sectors closed in the red zone. Banking, Consumer Goods and Insurance Indices declined by 2.01%, 1.05%, and 0.87% respectively. While Industrial and Oil/Gas Indices advanced by 0.05% and 0.07% respectively. 
  • Market activity measured by aggregate volume decreased by 37.30% and value increased by 23.76%. Investors traded a total of 188 million units of shares valued at N2.36 billion in 4,890 deals.

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Daily Market Report for June 14, 2022

  • The Nigerian Exchange Limited Bourse closed Negative. The benchmark All Share Index (ASI) depreciated by 0.16% to close at 53,114.65 pts. Market Capitalization decreased by 46.76 billion to close at N28.63 trillion and the Year-to-Date (YtD) returns settled at 24.34%.
  • Performance across sectors was broadly bearish as 4 out of 5 sectors closed in the red zone. Banking, Consumer Goods, Industrial and Oil/Gas Indices declined by 0.35%, 0.50%, 0.11%, and 0.46% respectively. While Insurance Index advanced by 0.16%. 
  • Market activity measured by aggregate volume increased by 9.79% and value increased by 17.11%. Investors traded a total of 299 million units of shares valued at N3.1 billion in 5,394 deals.

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Daily Market Report for June 10, 2022

  • The Nigerian Exchange Limited Bourse closed Positive. The benchmark All Share Index (ASI) appreciated by 0.06% to close at 53,201.38 pts. Market Capitalization increased by 16.52 billion to close at N28.68 trillion and the Year-to-Date (YtD) returns settled at 24.55%.
  • Performance across sectors was broadly bearish as 3 out of 5 sectors closed in the red zone. Consumer Goods, Insurance and Oil/Gas Indices declined by 0.01%, 0.50% and 0.56% respectively. Banking Index advanced by 0.06%. While Industrial remained unchanged.
  • Market activity measured by aggregate volume decreased by 14.19% and value decreased by 20.72%. Investors traded a total of 273 million units of shares valued at N2.65 billion in 4,584 deals.

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Daily Market Report for June 09, 2022

  • The Nigerian Exchange Limited Bourse closed Flat. The benchmark All Share Index (ASI) depreciated by 0.04% to close at 53,170.73 pts. Market Capitalization decreased by 12.53 billion to close at N28.66 trillion and the Year-to-Date (YtD) returns settled at 24.47%.
  • Performance across sectors was broadly bullish as 3 out of 5 sectors closed in the green zone. Industrial, Insurance and Oil/Gas Indices advanced by 0.13%, 1.47% and 0.46% respectively. While Banking and Consumer Goods Indices declined by 1.20% and 0.43% respectively. 
  • Market activity measured by aggregate volume increased by 27.90% and value increased by 79.36%. Investors traded a total of 318 million units of shares valued at N3.34 billion in 4,345 deals.

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Daily Market Report for June 08, 2022

  • The Nigerian Exchange Limited Bourse closed Negative. The benchmark All Share Index (ASI) depreciated by 0.14% to close at 53,193.98 pts. Market Capitalization decreased by 41.46 billion to close at N28.68 trillion and the Year-to-Date (YtD) returns settled at 24.53%.
  • Performance across sectors was broadly bearish as 2 out of 5 sectors closed in the red zone. Banking and Insurance Indices declined by 0.86% and 1.76% respectively. Consumer Goods and Industrial Indices advanced by 0.13% and 0.03% respectively. While Oil/Gas index remained unchanged.
  • Market activity measured by aggregate volume increased by 6.11% while value decreased by 32.19%. Investors traded a total of 248 million units of shares valued at N1.86 billion in 4,265 deals.

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Daily Market Report for June 07, 2022

  • The Nigerian Exchange Limited Bourse closed Positive. The benchmark All Share Index (ASI) appreciated by 0.35% to close at 53,270.88 pts. Market Capitalization increased by 99.42 billion to close at N28.72 trillion and the Year-to-Date (YtD) returns settled at 24.71%.
  • Performance across sectors was broadly bullish as 3 out of 5 sectors closed in the green zone. Banking, Consumer Goods, and Industrial Indices advanced by 0.29%, 0.34%, and 0.04% respectively. Insurance Index declined by 0.37%. While Oil/Gas index remained unchanged.
  • Market activity measured by aggregate volume decreased by 68.95% and value decreased by 69.16%. Investors traded a total of 234 million units of shares valued at N2.75 billion in 4,232 deals.

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Daily Market Report for May 16, 2022

NGX All Share Index closes on a Negative note… ASI loses 29 Basis Points

The Nigerian Exchange Limited Bourse closed Negative. The benchmark All Share
Index (ASI) depreciated by 0.29% to close at 52,944.65 pts. Market Capitalization
decreased by 82.92 billion to close at N28.54 trillion and the Year-to-Date (YtD)
returns settled at 23.94%.
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, GLAXOSMITH (-9.49%), WAPCO (-8.28%), WEMABANK (-2.19%),
FLOURMILL (-1.69%), UBA (-1.25%), MAYBAKER (-0.99%), ZENITHBANK (-0.61%)
and MTNN (-0.27%) amongst others.

NASD Market
The NASD market closed Flat after today’s trading activities as the Unlisted
Securities Index (USI) declined by 0.02% to close at 807.56. Consequently, Market
Capitalization closed at 1.06 trillion. Market activity measured by aggregate volume
decreased by 99.19% and value decreased by 99.79%. Investors traded a total of
61,131 units of shares valued at N4.62 million in 11 deals

please find here our Daily Financial Market update for today, May 16, 2022

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Daily Market Report for May 13, 2022

NGX All Share Index closes on a Positive note… ASI gains 34 Basis Points

The Nigerian Exchange Limited Bourse closed Positive. The benchmark All Share
Index (ASI) appreciated by 0.34% to close at 53,098.46. Market Capitalization
increased by 97.42 billion to close at N28.63 trillion while the Year-to-Date (YtD)
returns settled at 24.30%.
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, NEIMETH (9.71%), FLOURMILL (9.22%), SEPLAT (8.33%),
FIDELITYBK (7.25%), FIDSON (5.89%), ZENITHBANK (2.08%), GTCO (1.27%),
DANGSUGAR (1.17%) and ACCESSCORP (0.52%) amongst others.

NASD Market
The NASD market closed Positive after today’s trading activities as the Unlisted
Securities Index (USI) advanced by 0.87% to close at 807.75. Consequently, Market
Capitalization closed at 1.06 trillion. Market activity measured by aggregate volume
increased by 21,890.58% and value increased by 49,396.47%. Investors traded a
total of 7.52 million units of shares valued at N2.21 billion in 11 deals.

please find here our Daily Financial Market update for today, May 13, 2022

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