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17 Jun

Weekly Market Review & Stock Recommendations – June 14, 2022

Some of our recommended stocks are mentioned below; 
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Flour Mills of Nigeria Plc FY 2022 results showed that revenue grew by 50.83% from N771.61bn in FY 2021 to N1.16trn in FY 2022. Similarly, gross profit went up by 1.25% to N108.09bn in FY 2022 from N106.76bn in FY 2021. Profit from operations rose by 25.51% from N52.20bn in FY 2021 to N65.51bn in FY 2022. Profit before tax grew by 10.55% to N41.12bn in FY 2022 from N37.19bn in FY 2021. Profit after tax rose by  8.94% from N25.72bn in FY 2021 to N28.02bn in FY 2022. However, Earnings per share decreased by 1.88%, from N6.38 in FY 2021 to N6.26 in FY 2022. Flourmill has a BVPS of N47.78, P/BV of 0.73x and P/E ratio of 5.59x. 
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 Nem Insurance Plc Q1 2022 results showed an increase in gross premium income by 26.91% from N9.63bn in Q1 2021 to N11.88bn in Q1 2022. Underwriting profit advanced from N250.49 million in Q1 2021 to N2.71bn in Q1 2022, reflecting an increase of 982%. Investment income decreased by 31.78% from N288.33 million in Q1 2021 to N196.71 million in Q1 2022. PBT went up by 39.02% from N1.29bn in Q1 2021 to N1.80bn in the current period. PAT grew by 41.5% from N1.09bn in Q1 2021 to N1.55bn in Q1 2022. EPS grew by 41% to N0.31 in Q1 2022 from N0.22 in Q1 2021. Nem Insurance Plc has a BVPS of N4.87, P/BV ratio of 0.79x and P/E ratio of 3.12x.

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17 Jun

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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10 Jun

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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09 Jun

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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08 Jun

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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