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Stock Market

NASD OTC investors lose N4.56 billion in a week, NSI return declines by -0.86%

The NSI return fell by -0.86%, from 723.13 points to close the week at 716.92 points on Friday, October 16, 2020.

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NASD OTC investors lost N4.56 billion in value, as market capitalization declined from N531.19 billion last week to N526.63 billion this week. Also, the NSI return fell by -0.86%, from 723.13 points to close the week at 716.92 points on Friday, October 16, 2020.

Why this matters

The decline in price movement is largely driven by the major slip in the share price of FrieslandCampina Wamco Nigeria Plc, which declined by -8.82% from N137.14 last week to N125.04 this week. Friesland Campina Wamco currently holds a Market Capitalization of ₦122.08 Billion.

  • In terms of a week-to-week basis, mixed results were recorded as total volume declined by 3145.90% from 29,674,056.00 units recorded earlier to 914,200 units recorded this week.
  • Total Value traded recorded 89.26% increase from N93.14 million to N176.29 million.
  • On a Year-To-Date basis, 7,872,941,186 units have been recorded so far.

Top traded securities by value

NASD Plc led the chart with N101.67 million followed by Friesland Wamco with N39.71 million and Central Securities Clearing System with N28.47 million and Niger Delta Exploration and Production Plc with N6.45million

Top traded securities by volume

NASD Plc also led the volume chart with 29,047,619 units, followed by Friesland Wamco with 310,313 units and Central Securities Clearing System 295,624 units, and lastly Niger Delta Exploration and Development Company with 20,500 units.

What you should know

The NASD OTC Securities Exchange currently has 41 admitted securities with a market capitalization of N526.63 billion. It has about 238 brokers and about 152 participating institutions

GTBank 728 x 90

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Exclusives

Lafarge, Nigerian Breweries, Stanbic IBTC, others top best performing stocks in Q3 2020

Nairametrics reviews the best stocks in Q3 2020, judging by their performance.

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Lafarge Africa, Nigerian Breweries, Stanbic IBTC, United Capital, and FTN Cocoa made the list of best-performing stocks in the third quarter of 2020 (July – Sept’20).

The third quarter of the year was a recovery period for the Exchange, as the All Share Index grew by 9.61% to close the gap caused by the negative performance it endured in the first quarter of the year – during the heat of the COVID-19 pandemic. It also recorded a 14.92% positive growth in the second quarter.

As Company stocks is one of the popular means of short-term investments in Nigeria and a look at persistent inflationary pressures; it is imperative to assess the performances of the stocks listed on the exchange during the covid era, to ascertain the profitability of investors in this period.

To determine the best-performing stocks, we looked at the stock prices as of the last trading day in June 2020 and compared to their prices as of the last trading day of September 2020. Here are the top 5:


Lafarge Africa Plc

The Cement manufacturing company grew its stock value by as much as 50% between July and September 2020. As at 30th June 2020, the stock of Lafarge was worth N10 per unit of share but grew to N15 as at the last trading day of September – with a market capitalization of N241.6 billion.

GTBank 728 x 90

A cursory look at the Q2 2020 financial performance, shows a 5% year-on-year decrease in revenue generated. However, a reduced cost of sales helped improved the company’s gross profit by 10% and a subsequent 78% increase in profit before tax at N19.38 billion.

June 30th – N10

September 30th – N15

GTBank 728 x 90

Return – 50%

Ranking – First


Nigerian Breweries Plc

The second on the list is the brewery giant, Nigerian Breweries – the makers of Star Lager, Fayrouz, Goldberg, and many other consumables. It grew its stocks by 35.73% from N36.1 as of 30th of June to N49 per share at the end of Q3 2020. The market capitalization also closed at N391.8 billion as at the review period, being the second most capitalized consumer goods firm – only behind Nestle Nigeria.

A look at the Q2 2020 financials, shows that the company endured a downturn, mostly affected by the COVID-induced lockdown, which halted all social gatherings, as it posted a profit before tax of N69.8 million – 99% decline compared to N7.95 billion recorded in the corresponding quarter of 2019.

However, with the lifting of lockdown nationwide, the outlook for the Q3 and Q4 2020 appears to be positive, as investors have shown confidence in the brand, which has translated into a positive stock performance in the quarter.

Jaiz bank ads

June 30th – N36.1

Fidelity ads

September 30th – N49

Return – 35.73%

Ranking – Second


Stanbic IBTC Plc

The third most capitalized bank on the stock exchange is also the third on the list of best performing stocks in Q3 2020, growing its stock by 33.88% from N30.25 per unit of share recorded as of June 30th to N40.5 at the end of trading in September – with a total market capitalization of N449.8 billion.

In the same vein, the Q2 performance of Stanbic IBTC indicates an 11% increase in gross earnings, which permeates into 32.2% increase in profit before tax – from N21.1 billion recorded in Q2 2019, as against N27.9 billion in the review period.

June 30th – N30.25

September 30th – N40.5

Coronation ads

Return – 33.88%

Ranking – Third

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United Capital Plc

The financial and investment service firm recorded a 30.59% increase in its stock value, as it moved from N2.55 per unit of share as at June 30th to N3.33 as at the end of September. This growth places United Capital in fourth position, as one the best performing stocks between July and September 2020.

The investment firm displayed firm resolve against the effects of COVID-19 in the second quarter of the year – as it posted a profit before tax of N1.5 billion, as against N1.2 billion reported in the corresponding quarter of 2019. This indicates a 22.9% increase in profit.

June 30th – N2.55

September 30th – N3.33

Return – 30.59%

Ranking – Fourth


FTN Cocoa Processors Plc

A unit of FTN Cocoa shares was valued at 20 kobo as at June 30th. However, it grew by 30% to N26 kobo as at the end of trading on 30th September 2020, leaving its total market capitalization at N572 million.

Data obtained from Nairalytics – the research arm of Nairametrics, showed that FTN Cocoa has not released its financials since Q1 2019. However, the cocoa processing company was able to post a positive stock performance in the third quarter of the year to sit fifth on the list.

The company was formerly registered as Fantastic Traders Nigeria Limited, a Limited Liability Company, which was incorporated in 1991. It commenced cocoa processing business in a third-party arrangement (Toll Processing) with Stanmark cocoa processing company limited in 1995. They converted cocoa beans into cocoa butter and cocoa cake/powder, and later extended their activities to Ile-oluji, Cocoa Cooperative etc.

June 30th – N0.20k

September 30th – N0.26k

Return – 30%

Ranking – Fifth


Bubbling Under

The following stocks make up the rest of the top 10 in descending order:

6. Guaranty Trust Bank Plc

7. University Press Plc

8. Eterna Plc

9. Unity Bank Plc

10. Fidson Healthcare Plc


Bottom line: With a double-digit growth in the following stocks, Investors who bought these stocks would be delighted to see their investments appreciate during this period and will look forward to gaining more in the subsequent periods.

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Stock Market

Nigerian stocks on steroids, investors on hat trick

Market breadth closed positive as NESTLE led 41 Gainers as against 5 Losers topped by ROYALEX.

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Closed Period

Nigerian bourse continued its impressive run for 3 days amid many odds weighing other financial markets.

  • The All Share Index gained by +1.58% to close at 29,437.60 points, as against +0.70% appreciation recorded on Tuesday. Nigerian Stock Exchange market capitalization now stands at N15.4 trillion.
  • Its Year-to-Date (YTD) returns currently stands at +9.67%.
  • That said, Nigerian bourse trading turnover dropped by 2.68%, as against the 13.14% gain recorded on Tuesday. ZENITHBANK , FIDELITYBK, and ETI were the most active to boost market turnover.
  • Market breadth closed positive as NESTLE led 41 Gainers, as against 5 Losers topped by ROYALEX at the end of today’s session – an unimproved performance when compared with the previous outlook.

Top gainers

  1. NESTLE up 10.00% to close at N1292.5
  2. CONOIL up 9.80% to close at N19.05
  3. FLOURMILL up 6.42% to close at N28.2
  4. TOTAL up 5.97% to close at N118.9
  5. DANGCEM up 2.17% to close at N155.3

Top Losers

  1. ROYALEX down 8.00% to close at N0.23
  2. CUTIX down 6.84% to close at N1.77
  3. HONYFLOUR down 1.03% to close at N0.96
  4. AFRIPRUD down 0.85% to close at N5.85
  5. MAYBAKER down 0.33% to close at N3.05

Outlook
Nigerian Stocks got fired up amid falling oil prices and the U.S dollar gained strongly at the mid-week trading session.

  • Buying pressure was significantly seen across leading NSE 30 Stocks like Dangote Cement, Nestle, and not forgetting Total which recently declared a profit after tax of N500million in Q3 thereby beating market analysts forecasts.
  • Nairametrics, however, envisages cautious buying as the COVID-19 crisis seems to be getting out of hand in Nigeria’s key international markets that include Western Europe and the United States.

GTBank 728 x 90
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Stock Market

GTBank, Cadbury, keep Nigerian Stocks fired up, Investors gain N105.76 Billion

Market breadth closed positive as LINKASSURE led 46 Gainers as against 2 Losers topped by WEMABANK

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Value of shares traded by top 10 stockbrokers up 133% despite COVID-19, investors, Raging Bulls lift Brent Crude price by 10%

Nigerian Stock Market ended the Tuesday trading session on a bullish note.

The All Share Index gained by 0.28% to close at 28,777.96 basis points as against +0.28% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stand at +7.21%, and investors gained 105.76 Billion.

READ: #EndSARS protests curb Bulls at the Nigerian Stock Market

  • Nigerian bourse trading turnover also ended positively as volume ticked up by +20.44%, as against the +20.44% uptick recorded in the previous session.
  • FBNH, ACCESS, and FIDELITYBK were the most active to boost market turnover. CILEASING led the list of active stocks that recorded an impressive volume spike at the end of today’s session.
  • Market breadth closed positive as LINKASSURE led 46 Gainers as against 2 Losers topped by WEMABANK at the end of today’s session – an improved performance when compared with the previous outlook.

READ: Why you should avoid investing long term in Nigeria’s stock market

Top gainers

GTBank 728 x 90
  1. FLOURMILL up 9.50% to close at N26.5
  2. CONOIL up 9.81% to close at N17.35
  3. CADBURY up 9.21% to close at N8.3
  4. GUINNESS up 5.63% to close at N16.9
  5. GUARANTY up 1.96% to close at N31.25

READ: #EndSARS: FG creates new N25 billion Youth Fund, to increase to N75 billion in 3 years

Top Losers

  1. WEMABANK down 1.72% to close at N0.57
  2. NEM down 1.46% to close at N2.03
  3. DEAPCAP flat to close at N0.27
  4. UNIONDICON flat to close at N10.95
  5. MOBIL flat to close at N178.3

READ: Nigerian bourse close flat, triggered by low market liquidity

GTBank 728 x 90

Outlook
Nigerian Stocks were all fired up at Tuesday’s trading session. The surge is partially attributed to the leading blue-chip stocks that includes GTBank, Cadbury, Conoil, and Flour mills.

  • Buying pressure got intensified as Nigeria’s major export earning – crude oil recorded impressive gains amidst the falling US dollar.
  • Nairametrics, however, advises that you seek to buy stocks from a certified stockbroker, as some local equities exhibit cyclic returns.

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