Stock Price List for September 02, 2021
Dear Client/Reader,
Please find here our Stock Price list for today September 2, 2021
02
Sep
02
Sep
Daily Financial Markets Report for September 02, 2021
Equities market closes on a Positive note… ASI gains 17 Basis Point
The Nigerian Exchange Limited (NGX) closed Positive. The benchmark All Share
Index (ASI) appreciated by 0.17% to close at 39,252.19. Market Capitalization
increased by 35.44 Billion to close at N20.451 trillion while the Year-to-Date (YtD)
returns settled at –2.53%.
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 sector. Some of today’s
market gainers include: CHAMS (4.76%), WEMABANK (3.66%), MANSARD (3.49%),
JBERGER (2.97%), ACCESS (2.78%), NEM (2.56%), UCAP (2.23%), WAPIC (2.04%),
UBA (1.32%), DANGCEM (0.82%), FBNH (0.67%), ZENITHBANK (0.21%) and GTCO
(0.18%) amongst others.
NASD Market
The NASD market closed Negative after today’s trading activities as the Unlisted
Securities Index (USI) declined by 0.64% to close at 739.89. Consequently, Market
Capitalization closed at 643.10 billion. Market activity measured by aggregate
volume increased 89.57% while value increased by 86.02%. Investors traded a total
of 1,297,394 units of shares valued at N20.81 million in 22 deals
please find here our Daily Financial Market update for today, September 2, 2021
01
Sep
Daily Financial Markets Report for September 01, 2021
Equities market closes on a Negative note… ASI loses 9 Basis Point
The Nigerian Exchange Limited (NGX) closed Negative. The benchmark All Share
Index (ASI) depreciated by 0.09% to close at 39,184.18. Market Capitalization
decreased by 18.46 Billion to close at N20.415 trillion while the Year-to-Date (YtD)
returns settled at –2.70%.
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 sector. Some of today’s
market losers include: FTNCOCOA (-8.77%), UPDC (-4.84%), JAIZBANK (-4.76%),
WEMABANK (-4.65%), HONYFLOUR (-4.21%), NB (-2.93%), UACN (-1.82%), ACCESS
(-1.10%), FBNH (-0.67%), DANGSUGAR (-0.56%) and OANDO (-0.45%) amongst
others.
NASD Market
The NASD market closed Positive after today’s trading activities as the Unlisted
Securities Index (USI) advanced by 0.05% to close at 744.68. Consequently, Market
Capitalization closed at 647.25 billion. Market activity measured by aggregate
volume decreased 6.78% while value decreased by 52.08%. Investors traded a total
of 684,398 units of shares valued at N11.189 million in 14 deals.
please find here our Daily Financial Market update for today, September 1, 2021
01
Sep
Stock Price List for September 01, 2021
Dear Client/Reader,
Please find here our Stock Price list for today September 1, 2021
31
Aug
Daily Financial Markets Report for August 31, 2021
Equities market closes on a Negative note… ASI loses 27 Basis Point
The Nigerian Exchange Limited (NGX) closed Negative. The benchmark All Share
Index (ASI) depreciated by 0.27% to close at 39,219.61. Market Capitalization
decreased by 55.78 Billion to close at N20.43 trillion while the Year-to-Date (YtD)
returns settled at –2.61%.
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 sector. Some of today’s
market losers include: NB (-9.93%), UPDC (-7.46%), WEMABANK (-4.44%), AIICO (-
3.88%), OANDO (-2.85%), FIDELITYBK (-1.67%), STERLNBANK (-1.30%), INTBREW (-
1.06%), ZENITHBANK (-1.03%), ETI (-0.95%), DANGSUGAR (-0.83%), GTCO (-0.55%),
FLOURMILL (-0.52%) and UACN (-0.45%) amongst others.
NASD Market
The NASD market closed Positive after today’s trading activities as the Unlisted
Securities Index (USI) advanced by 1.22% to close at 744.34. Consequently, Market
Capitalization closed at 646.96 billion. Market activity measured by aggregate
volume increased 85.59% while value increased by 211.58%. Investors traded a total
of 734,207 units of shares valued at N23.35 million in 23 deals.
please find here our Daily Financial Market update for today, August 31, 2021
31
Aug
Stock Price List for August 31, 2021
Dear Client/Reader,
Please find here our Stock Price list for today August 31, 2021
30
Aug
Daily Financial Markets Report for August 30, 2021
Equities market closes on a Negative note… ASI loses 40 Basis Point
The Nigerian Exchange Limited (NGX) closed Negative. The benchmark All Share
Index (ASI) depreciated by 0.40% to close at 39,326.67. Market Capitalization
decreased by 82.83 Billion to close at N20.489 trillion while the Year-to-Date (YtD)
returns settled at –2.34%.
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 sector. Some of today’s
market losers include: CHAMPION (-7.73%), ETERNA (-7.20%), OANDO (-5.00%), ETI
(-3.67%), DANGCEM (-2.64%), TRANSCORP (-2.17%), UNITYBNK (-1.67%), ACCESS (-
1.10%), FCMB (-0.65%), ZENITHBANK (-0.65%), FIDELITYBK (-0.42%) and GTCO (-
0.18%) amongst others.
NASD Market
The NASD market closed Negative after today’s trading activities as the Unlisted
Securities Index (USI) advanced by 0.14% to close at 735.35. Consequently, Market
Capitalization closed at 639.15 billion. Market activity measured by aggregate
volume decreased 87.92% while value decreased by 86.43%. Investors traded a total
of 395,603 units of shares valued at N7.49 million in 20 deals.
Please find here our Daily Financial Market update for today, August 30, 2021
30
Aug
Stock Price List for August 30, 2021
Dear Client/Reader,
Please find here our Stock Price list for today August 30, 2021
30
Aug
Weekly Market Review & Stock Recommendations – August 30, 2021
Dear Client/Reader,
Global Economic Roundup
Oil Rebounds 3% After Seven-Day Losing Streak
Oil prices jumped 3% early on Monday, snapping the longest losing streak since 2019 of seven consecutive settlements in the red, as investor risk appetite increased and the U.S. dollar softened. As of 8:04 a.m. EDT on Monday, WTI Crude had jumped by 3.19% at $64.10 and the prompt price of Brent Crude traded up 3.24% at $67.27. Last week, the strengthening U.S. dollar, the surging Delta variant cases in major economies, and the Fed’s signal that it would start tapering stimulus sparked a sell-off on the markets, with risk assets and commodities hammered the worst.
U.S. Stocks Rise on Powell’s Dovish Taper Tone
U.S. equities gained to record highs after a key speech by Jerome Powell, in which the Federal Reserve chair reinforced the message that it would be appropriate to begin tapering the Fed’s bond purchases by the end of the year. The S&P 500 and Nasdaq 100 rose during the much-anticipated address from the Jackson Hole symposium, where traders had hoped to gain more insight into the central bank’s thinking about unwinding stimulus. Treasury yields fell and the dollar was weaker against peers. U.S. equities rose earlier on Monday as U.S. regulators granted full approval for the vaccine made by Pfizer Inc. and BioNTech, a milestone expected to help bolster the immunization drive amid a renewed surge in infections.
President Buhari announces N287 billion after tax profit by NNPC
President Muhammadu Buhari, who doubles as the substantive Minister of Petroleum Resources, has announced that the state-owned oil company, the Nigerian National Petroleum Corporation (NNPC), posted a Profit after Tax of N287 billion for the year 2020. The declaration by the president was in fulfilment of an earlier pledge by the Federal Government to publicly announce the financial position of the NNPC. The president who made the declaration, noted that the net profit was the first in the 44-year history of the establishment. The announcement of the profit is coming about a week after the Federal Government said that the NNPC is set to turn to a full-fledged commercial entity as it will become a limited liability company within the next 6 months.
Some of our recommended stocks are mentioned below;
ZENITH BANK PLC:
Zenith Plc Q2’2021 result showed that Net interest income increased marginally by 1.61% to N159.94bn in Q2’2021 from N157.4bn in Q2’2020. Profit before tax advanced by 2.57% from N114.12bn recorded in Q2’2020 to N117bn in the current period. Profit after tax grew by 2.21% from N103.83bn in Q2’2020 to N106.12bn in Q2’2021, despite a 6.23% increase in income tax expense. Consequently, earnings per share went up by 2.42% from N3.30 in Q2’2020 to N3.38 in Q2’2021. Zenith Bank has a BVPS of N36.42, P/BV of 0.67x and P/E ratio of 3.61x.
FBNH PLC:
FBN Holdings Plc. Q2 2021 results showed that Net interest income declined by 20.91% from N131 bn in Q2’2020 to N103 bn in the current period. Operating profit increased by 9.26% from N41.55bn in Q2 2020 to N45.40bn in Q2 2021. Profit before tax advanced by 9% from N41.4bn in Q2’2020 to N45.2bn in the current period. Profit after tax went up by 6.86% from N35.64bn in Q2’2020 to N38.08 bn in the current period. Consequently, FBNH recorded a 22% drop in earnings per share from N1.35 in Q2’2020 to N1.05 in Q2’2021. FBNH has a BVPS of N21.51, P/BV of
0.35x and a P/E ratio of 3.57x.
Please find here our Weekly Market Review & Stock Recommendations for this week.
25
Aug
Daily Financial Markets Report for August 25, 2021
Equities market closes on a Flat note… ASI loses 3 Basis Point
The Nigerian Exchange Limited (NGX) closed Flat. The benchmark All Share Index
(ASI) depreciated by 0.03% to close at 39,449.82. Market Capitalization decreased
by 5.66 Billion to close at N20.553 trillion while the Year-to-Date (YtD) returns
settled at –2.04%.
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 sector. Some of today’s
market losers include: ACADEMY (-9.76%), UNITYBNK (-6.67%), SOVRENINS (-
4.35%), DANGSUGAR (-2.78%), NAHCO (-2.71%), OANDO (-1.86%), STERLNBANK (-
1.29%), TRANSCORP (-1.04%), ETI (-0.92%), GTCO (-0.71%), FBNH (-0.67%),
ETRANZACT (-0.49%) and ZENITHBANK (-0.41%) amongst others.
NASD Market
The NASD market closed Negative after today’s trading activities as the Unlisted
Securities Index (USI) declined by 0.81% to close at 730.28. Consequently, Market
Capitalization closed at 634.74 billion. Market activity measured by aggregate
volume decreased 58.52% while value decreased by 57.62%. Investors traded a total
of 2,378,535 units of shares valued at N41.535 million in 22 deals.
Please find here our Daily Financial Market update for today, August 25, 2021
