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Daily Financial Market Report for March 03, 2021

Equities market closes Bearish…ASI Loses 44 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 0.44% to close at 39,522.06. Similarly, Market Capitalization decreased by N92 billion to close at N20.68 trillion while the Year-to-Date (YtD) returns settled at -1.86%.

Sectors performance was Broadly Bearish

Performance across sectors was broadly bearish as 3 out of the 5 sectors closed in the red zone. Insurance, Consumer goods and Industrial indices declined by 0.86%, 0.45% and 0.41% respectively, on the back of sell pressures recorded in the shares of JAPAUL (-10.00%), PRESTIGE (-8.70%), WAPCO (-4.76%), TRANSCORP (-4.49%), UCAP (-3.87%), MTNN (-2.30%), FIDELITY (-2.13%), DANGSUGAR (-1.40%), ACCESS (-0.62%) and ZENITH (-0.39%) among others. However, Oil and Gas index advanced on the back of buy interests recorded in the shares of AIICO (5.22%). Banking Index remained unchanged.

NASD Market

The NASD market closed negative after today’s trading activities as the Unlisted Securities Index (USI) decreased by 0.10% to close at 695.45. Consequently, Market Capitalization also closed negative at N498.99 billion. Market activity measured by aggregate volume decreased by 73.34% while value decreased by 39.66%. Investors traded a total of 20,614 units of shares valued at N2.30 mn in 6 deals. 

Please find here our Daily Financial Market update for today, March 3rd, 2021.

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Daily Financial Market Report for March 02, 2021

Equities market closes Bearish…ASI Loses 59 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 0.59% to close at 39,697.62. Similarly, Market Capitalization decreased by N122 billion to close at N20.77 trillion while the Year-to-Date (YtD) returns settled at -1.42%.

Sectors performance was Significantly Bearish

Performance across sectors was significantly bearish as 4 out of the 5 sectors closed in the red zone. Banking, Consumer goods, Oil and gas and Industrial indices declined by 0.12%, 3.86%, 0.88% and 0.41% respectively, on the back of sell pressures recorded in the shares of ARDOVA (-9.97%), WAPCO (-7.08%), NESTLE (-6.90%), FLOURMILL (-6.41%), FIDELITY (-3.29%), UACN (-3.13%), UBA (-2.40%), UCAP (-1.64%), ZENITH (-0.39%) and NASCON (-0.35%) among others. However, Insurance index advanced on the back of buy interests recorded in the shares of REGALINS (7.69%), PRESTIGE (6.98%), NEM (6.00%), and WAPIC (1.96%).

NASD Market

The NASD market closed negative after today’s trading activities as the Unlisted Securities Index (USI) decreased by 1.73% to close at 696.13. Consequently, Market Capitalization also closed negative at N499.48 billion. Market activity measured by aggregate volume decreased by 79,56% while value decreased by 91.33%. Investors traded a total of 77,320 units of shares valued at N3.81 mn in 6 deals.

Please find here our Daily Financial Market update for today, March 2nd, 2021.

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Daily Financial Market Report for March 01, 2021

Equities market starts new month on a Bullish note…ASI Gains 33 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 0.33% to close at 39,931.63. Similarly, Market Capitalization increased by N69 billion to close at N20.89 trillion while the Year-to-Date (YtD) returns settled at -0.84%.

Sectors performance was Broadly Bearish

Performance across sectors was broadly bearish as 3 out of the 5 sectors closed in the red zone. Insurance, Oil and gas and Consumer goods indices declined by 1.10%, 0.10 and 1.48% respectively, on the back of sell pressure recorded in the shares of PZ (-9.43%), LASACO (-8.94%), SOVERNINS (-7.41%), REGALINS (-7.14%), PRESTIGE (-6.52%), JAPAUL (-5.80%), WAPIC (-5.56%), MANSARD (-1.71%), OANDO (-1.16%) and DANGSUGAR (-0.83%) among others. However, Banking and Industrial sectors advanced on the back of buy interests recorded in the shares of BUACEM (3.82%), UBA (1.84%), WEMA (1.59%), ZENITH (1.38%) and ETI (0.96%)..

NASD Market

The NASD market closed negative after today’s trading activities as the Unlisted Securities Index (USI) decreased by 0.77% to close at 708.39. Consequently, Market Capitalization also closed negative at N508.28 billion. Market activity measured by aggregate volume increased by 17,827.73% while value increased by 27,252.92%. Investors traded a total of 756,550 units of shares valued at N87.97 mn in 18 deals. 

Please find here our Daily Financial Market update for today, March 1st, 2021.

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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

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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

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 15.57% while value decreased by 51.47%. Investors traded a total of 4,220 units of shares valued at N321,600 in 6 deals. 

Please find here our Daily Financial Market update for today, February 26th, 2021.

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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.

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