16
Sep
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15
Sep
Daily Market Report for September 14, 2022
- The Nigerian Exchange Limited Bourse closed Negative. The benchmark All Share Index (ASI) depreciated by 0.10% to close at 49,575.93 pts. Market Capitalization decreased by 27.93 million to close at N26.74 trillion and the Year-to-Date (YtD) returns settled at 16.06%.
- Performance across sectors was broadly bearish as 4 out of 5 sectors closed in the red zone. Banking, Consumer Goods, Industrial and Insurance Indices declined by 1.32%, 0.02%, 0.01% and 1.09% respectively. While Oil/Gas Index remained unchanged.
- Market activity measured by aggregate volume increased by 23.22% and value increased by 97.76%. Investors traded a total of 197 million units of shares valued at N2.94 billion in 3,462 deals.
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15
Sep
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14
Sep
Daily Market Report for September 13, 2022
- The Nigerian Exchange Limited Bourse closed Flat. The benchmark All Share Index (ASI) appreciated by 0.003% to close at 49,627.72 pts. Market Capitalization increased by 901.66 million to close at N26.77 trillion and the Year-to-Date (YtD) returns settled at 16.18%.
- 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 0.09%, 0.02% and 0.57% respectively. Industrial Index advanced by 0.14%. While Oil/Gas Index remained unchanged.
- Market activity measured by aggregate volume increased by 85.05% and value increased by 27.17%. Investors traded a total of 160 million units of shares valued at N1.49 billion in 3,847 deals.
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14
Sep
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13
Sep
Weekly Market Review & Stock Recommendation – September 12, 2022
| Some of our recommended stocks are mentioned below; |
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| Nigerian Breweries Plc Q2 2022 results showed an increase in revenue by 30.98% from ₦209.26bn in Q2 2021 to ₦274.08bn in Q2 2022. Operating profit advanced from ₦19.92bn in Q2 2021 to ₦35.84bn in Q2 2022, reflecting an increase of 79.94%. Profit before tax grew by 115.21% from ₦11.94bn in Q2 2021 to ₦25.7bn in the current period, as finance income grew by 155% and finance cost dropped by 36%. Profit after tax rose by 143% from ₦7.72bn in Q2 2021 to ₦18.74bn in Q2 2022. EPS increased by 142% to ₦2.32 in Q2 2022 from ₦0.96 in Q2 2021. Nigerian Breweries has a BVPS of ₦23.28, P/BV of 2.08x and P/E ratio of 10.43x. |
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| UBA Plc’s Q2 2022 result showed that Interest income advanced by 15.60% from N222.63bn in Q2 2021 to N257.36bn in the current period. Net interest income increased by 19.85% to N177.46bn in Q2 2022 from N148.07bn in Q2 2021. Profit before tax advanced by 12.55% from N76.19bn recorded in Q2 2021 to N85.75bn in the current period, on the back of a 501% increase in net impairment write-back and 30.11% rise in fees and commission income. Likewise, profit after tax grew by 16.1% from N60.58bn in Q2 2021 to N70.33bn in Q2 2022 as income tax expense decreased by 1.22%. Consequently, earnings per share went up by 17.16% from N1.69 in Q2 2021 to N1.98 in Q2 2022. UBA has a BVPS of N23.06, P/BV of 0.33x and a P/E ratio of 1.91x. |
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13
Sep
Daily Market Report for September 12, 2022
- The Nigerian Exchange Limited Bourse closed Negative. The benchmark All Share Index (ASI) depreciated by 0.14% to close at 49,626.05 pts. Market Capitalization decreased by 37.26 billion to close at N26.77 trillion and the Year-to-Date (YtD) returns settled at 16.18%.
- Performance across sectors was broadly bearish as 3 out of 5 sectors closed in the red zone. Banking, Industrial and Insurance Indices declined by 0.45%, 0.29% and 1.41% respectively. Consumer Goods Index advanced by 0.02%. While Oil/Gas Index remained unchanged.
- Market activity measured by aggregate volume decreased by 72.86% and value decreased by 37.22%. Investors traded a total of 87 million units of shares valued at N1.17 billion in 3,377 deals.
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13
Sep
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13
Sep
Daily Market Report for September 09, 2022
- The Nigerian Exchange Limited Bourse closed Positive. The benchmark All Share Index (ASI) appreciated by 0.09% to close at 49,695.12 pts. Market Capitalization increased by 23.12 billion to close at N26.80 trillion and the Year-to-Date (YtD) returns settled at 16.34%.
- Performance across sectors was broadly bullish as 4 out of 5 sectors closed in the green zone. Banking, Consumer Goods, Industrial and Insurance Indices advanced by 0.87%, 0.06%, 0.15% and 0.44% respectively. While Oil/Gas Index declined by 0.16%.
- Market activity measured by aggregate volume increased by 97.11% and value increased by 14.60%. Investors traded a total of 319 million units of shares valued at N1.86 billion in 3,335 deals.
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13
Sep
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