Key Highlights
- The equities market recorded mixed performance – the listed equities market, NGXASI, recorded a +0.40% gain WoW while the NASD OTC closed positive with a -0.55% loss.
- The IEFX closed Negative while NAFEX rate closed Negative.
- The Brent Crude Oil price moved upwards at the end of the week while the WTI moved downwards.
- Equity
NSE
- The NGXASI grew by +0.40% W-o-W.
- On top gainer and loser sector indices, NSE Oil and Gas closed positive with +3.89% while NSE-ASeM closed negative with -1.17% W-o-W.
- During the week, the Gote Index dipped by -0.32% while the Toni Index grew by +4.69% W-o-W.
| Market Performance | |||
| Sectors | 18-Feb-22 | 25-Feb-22 | WoW Chg |
| NGX ASI | 47,140.48 | 47,328.42 | 0.40% |
| NSE-30 | 1,806.29 | 1,817.12 | 0.60% |
| NSE Consumer Goods | 592.59 | 586.29 | -1.06% |
| NSE Banking | 450.09 | 451.04 | 0.21% |
| NSE Insurance | 187.80 | 189.17 | 0.73% |
| NSE Oil and Gas | 409.32 | 425.25 | 3.89% |
| NSE LII | 3,045.36 | 3,043.27 | -0.07% |
| NSE-IND | 2,131.36 | 2,131.12 | -0.01% |
| NSE-ASeM | 661.90 | 654.13 | -1.17% |
| NSE Pension | 1,704.57 | 1,721.84 | 1.01% |
| NSE Premium | 4,382.98 | 4,413.16 | 0.69% |
| NSE Main Board | 2,012.18 | 2,015.36 | 0.16% |
| NSECG | 1,321.19 | 1,336.99 | 1.20% |
| NSEAFRBVI | 1,090.54 | 1,104.20 | 1.25% |
| NSEAFRHDYI | 3,022.89 | 3,029.55 | 0.22% |
| NSEMERIGRW | 1,979.95 | 2,011.02 | 1.57% |
| NSEMERIVAL | 2,323.69 | 2,315.77 | -0.34% |
| NSEGROWTH | 1,450.40 | 1,450.40 | 0.00% |
| Dangote Index | 143.49 | 143.03 | -0.32% |
| Elumelu Index | 119.39 | 124.99 | 4.69% |
Source: NSE
NASD
The NASD USI closed negative with -0.55% loss W-o-W
Market CAP closed positive with -0.55% loss W-o-W
| Parameter | 18-Feb-22 | 25-Feb-22 | WoW Chg |
| USI | 734.62 | 730.61 | -0.55% |
| MKT Capitalization (Bn) | 622.06 | 618.66 | -0.55% |
| Volume Traded | 502.80 | 47,627.00 | 9372.45% |
| Value Traded (000) | 4,552,383.00 | 2,968,256.70 | -34.80% |
| Deals Executed | 4.00 | 9.00 | 125.00% |
Source: NASD Plc
- Fixed Income and Bonds
FGN Bonds
| as @ Friday, February 25, 2022 | |||
| Description | Price | Yield | Change (%) |
| 12.75 27-APR-2023 | 106.8 | 6.58 | -0.01 |
| 14.20 14-MAR-2024 | 111.1 | 8.2 | -0.01 |
| 13.53 23-MAR-2025 | 112.2 | 8.91 | 0 |
| 12.50 22-JAN-2026 | 107.7 | 10.1 | 0 |
| 16.2884 17-MAR-2027 | 122.4 | 10.5 | 0 |
| 13.98 23-FEB-2028 | 114.4 | 10.7 | 0 |
| 14.55 26-APR-2029 | 114.9 | 11.4 | 0 |
| 10.00 23-JUL-2030 | 88.37 | 12.3 | 0 |
| 12.1493 18-JUL-2034 | 101.7 | 11.9 | -0.08 |
| 12.50 27-MAR-2035 | 102.6 | 12.1 | 0 |
| 12.40 18-MAR-2036 | 101 | 12.3 | 0 |
| 16.2499 18-APR-2037 | 127.8 | 12.2 | 0 |
| 9.80 24-JUL-2045 | 83.02 | 12 | 0 |
| 14.80 26-APR-2049 | 115.6 | 12.7 | 0 |
| 12.98 27-MAR-2050 | 101.5 | 12.8 | 0 |
Treasury Bills
| as @ Friday, February 25, 2022 | |||
| Maturity | Discount | Yield | Change (%) |
| NTB 10-Mar-22 | 2.87 | 2.87 | 0 |
| NTB 28-Apr-22 | 3.07 | 3.08 | 0 |
| NTB 12-May-22 | 3.13 | 3.15 | 0 |
| NTB 9-Jun-22 | 3.24 | 3.27 | 0 |
| NTB 14-Jul-22 | 3.38 | 3.43 | 0 |
| NTB 11-Aug-22 | 3.5 | 3.56 | 0 |
| NTB 8-Sep-22 | 3.61 | 3.68 | 0 |
| NTB 13-Oct-22 | 3.89 | 3.99 | 0 |
| NTB 10-Nov-22 | 4 | 4.12 | -0.12 |
| NTB 26-Jan-23 | 4 | 4.15 | -0.78 |
| NTB 9-Feb-23 | 4.83 | 5.07 | 0 |
| OMO 16-Aug-22 | 3.6 | 3.66 | 0 |
| OMO 4-Oct-22 | 4.08 | 4.18 | 0 |
- Commodities
Brent crude oil prices moved down by -0.16% W-o-W to $93.12 per barrel.
WTI moved down by -0.79% W-o-W to $91.67 per barrel as of the time of writing this report. (6:13pm)
| Commodity | 25-Feb-22 | 18-Feb-22 | 31-Dec-21 | Weekly Chg | YTD Chg |
| Brent | 97.22 | 93.03 | 78.53 | 4.50% | 23.80% |
| WTI | 91.38 | 91.49 | 75.89 | -0.12% | 20.41% |
| Gold | 1885.7 | 1895.5 | 1827.5 | -0.52% | 3.18% |
| Silver | 23.95 | 23.945 | 23.265 | 0.02% | 2.94% |
| Platinum | 1054 | 1070.6 | 958 | -1.55% | 10.02% |
| Palladium | 2340 | 2309 | 1883.5 | 1.34% | 24.24% |
| CNBC |
- Forex
The NAFEX closed positive while the IEFX rates closed negative.
| FX | 25-Feb-22 | 18-Feb-22 | % Chg | 31-Dec-21 | YTD Chg |
| I & E | 416 | 416.75 | -0.18% | 435 | -4.37% |
| NAFEX | 415.96 | 416.62 | -0.16% | 414.45 | 0.36% |
| Source: FMDQ, CBN, Everdon |
The Initiates Plc Declares N87.087m Loss in 2021 Q4 Unaudited Results,(SP:N0.57k)
The Initiates Plc released its Q4 2021 Unaudited results for the period ended December 31st, 2021.
Key Highlights
- Revenue declined by 23.7% to N358.2m from N469.38m
- Loss before tax stood at N87.09m
- Loss after tax stood at N87.09m
- Share Price Currently Stands at N0.57k
12mths UNAUDITED REPORT FOR PERIOD ENDED 31 DEC
| 2021 N’m | 2020 N’m | % Change | |
| DEC | DEC | ||
| Revenue | 358 | 469 | -23.7% |
| P(L)BT | -87 | -6 | 1432.4% |
| Taxation | 0.00 | -78.14 | -100.0% |
| P(L)AT | -87 | -83.83 | 3.9% |
| Basic EPS(K) | -0.10 | -0.09 | 11.1% |
BALANCE SHEET INFORMATION
| Net Asset | 760.32 | 843.81 | -9.9% |
Northern Nigeria Flour Mills Plc Declares N226.3m PAT in Unaudited Q3 2022 Results,(SP:N10.85k)
NORTHERN Nigeria Flour Mills Plc released its Q3 2022 Unaudited results for the period ended December 31st, 2021.
Key Highlights
- Revenue grew 76.0% from N6.46bn to N11.36bn
- Profit before tax stood at N247.997m
- Profit after tax stood at N226.298m
- Share Price Currently Stands at N10.85k
9mths UNAUDITED REPORT FOR PERIOD ENDED 31 DEC
| 2021 N’m | 2020 N’m | % Change | |
| DEC | DEC | ||
| Revenue | 11,363 | 6,455 | 76.0% |
| PBT | 247.997 | 51.255 | 384.1% |
| Taxation | (21.699) | 0.00 | 0.0% |
| PAT | 226.298 | 51.225 | 341.8% |
| Basic EPS(K) | 127 | 29 | 337.9% |
BALANCE SHEET INFORMATION
| Net Asset | 3,050 | 2,793 | 9.2% |
Academy Press Plc Declares N138.99m PAT in Q3 2022 Results (SP:N1.96k)
Academy Press Plc released its Q3 2022 Unaudited results for the period ended December 31st, 2021.
Key Highlights
- Revenue grew by 117.61% from N2.76bn to N1.27bn
- Profit before tax stood at N138.99m
- Profit after tax stood at N138.99m
- Share Price Currently Stands at N1.96k
9mths UNAUDITED REPORT FOR PERIOD ENDED 31 DEC
| 2021 N’m | 2020 N’m | % Change | |
| DEC | DEC | ||
| Revenue | 2,755 | 1,266 | 117.61% |
| P(L)BT | 138.99 | (179.552) | 117.41% |
| Taxation | 0.00 | 0.00 | 0.0% |
| P(L)AT | 138.99 | (179.552) | 117.41% |
| Basic EPS(K) | 23 | (30) | 176.68% |
BALANCE SHEET INFORMATION
| Net Asset | 149.915 | 10.928 | 1271.8% |
AIICO Insurance Plc Declares N4.15bn PAT in Q4 2021 Results,(SP:N0.69k)
AIICO Insurance Plc released its Q4 2021 Unaudited results for the period ended December 31st, 2021.
Key Highlights
- Gross Premium grew by 15.7% from N61.98bn to N71.68bn
- Profit before tax stood at N1.93bn
- Profit after tax stood at N4.15bn
- Share Price Currently Stands at N0.69k
12mths UNAUDITED REPORT FOR PERIOD ENDED 31 DEC
| 2021 N’m | 2020 N’m | % Change | |
| DEC | DEC | ||
| Gross Premium | 71,683 | 61,980 | 15.7% |
| P(L)BT | 1,928 | 4,632 | -58.4% |
| Taxation | (150.777) | 348.261 | -143.3% |
| P(L)AT(cont Ops) | 1,770 | 4,980 | -64.5% |
| P(L)AT(Discon Ops) | 2,373 | 269 | 780.9% |
| P(L)AT | 4,150 | 5,250 | -21.0% |
| Basic EPS(K) | 26 | 44 | -40.9% |
BALANCE SHEET INFORMATION
| Net Asset | 37,852 | 36,659 | 3.3% |
