Market Review and Round-Up of Corporate News Announced During the Week Ending – 250222 – First Ideas Limited

Market Review and Round-Up of Corporate News Announced During the Week Ending – 250222

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
Sectors18-Feb-2225-Feb-22WoW Chg
NGX ASI47,140.4847,328.420.40%
NSE-301,806.291,817.120.60%
NSE Consumer Goods592.59586.29-1.06%
NSE Banking450.09451.040.21%
NSE Insurance187.80189.170.73%
NSE Oil and Gas409.32425.253.89%
NSE LII3,045.363,043.27-0.07%
NSE-IND2,131.362,131.12-0.01%
NSE-ASeM661.90654.13-1.17%
NSE Pension1,704.571,721.841.01%
NSE Premium4,382.984,413.160.69%
NSE Main Board2,012.182,015.360.16%
NSECG1,321.191,336.991.20%
NSEAFRBVI1,090.541,104.201.25%
NSEAFRHDYI3,022.893,029.550.22%
NSEMERIGRW1,979.952,011.021.57%
NSEMERIVAL2,323.692,315.77-0.34%
NSEGROWTH1,450.401,450.400.00%
Dangote Index143.49143.03-0.32%
Elumelu Index119.39124.994.69%

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

Parameter18-Feb-2225-Feb-22WoW Chg
USI                                734.62                                730.61-0.55%
MKT Capitalization (Bn)                                622.06                                 618.66-0.55%
Volume Traded                                502.80                        47,627.009372.45%
Value Traded (000)                  4,552,383.00                  2,968,256.70-34.80%
Deals Executed                                     4.00                                     9.00125.00%

Source: NASD Plc

  • Fixed Income and Bonds

FGN Bonds

as @ Friday, February 25, 2022
DescriptionPriceYieldChange (%)
12.75 27-APR-2023106.86.58-0.01
14.20 14-MAR-2024111.18.2-0.01
13.53 23-MAR-2025112.28.910
12.50 22-JAN-2026107.710.10
16.2884 17-MAR-2027122.410.50
13.98 23-FEB-2028114.410.70
14.55 26-APR-2029114.911.40
10.00 23-JUL-203088.3712.30
12.1493 18-JUL-2034101.711.9-0.08
12.50 27-MAR-2035102.612.10
12.40 18-MAR-203610112.30
16.2499 18-APR-2037127.812.20
9.80 24-JUL-204583.02120
14.80 26-APR-2049115.612.70
12.98 27-MAR-2050101.512.80

Treasury Bills

as @ Friday, February 25, 2022
MaturityDiscountYieldChange (%)
NTB 10-Mar-222.872.870
NTB 28-Apr-223.073.080
NTB 12-May-223.133.150
NTB 9-Jun-223.243.270
NTB 14-Jul-223.383.430
NTB 11-Aug-223.53.560
NTB 8-Sep-223.613.680
NTB 13-Oct-223.893.990
NTB 10-Nov-2244.12-0.12
NTB 26-Jan-2344.15-0.78
NTB 9-Feb-234.835.070
OMO 16-Aug-223.63.660
OMO 4-Oct-224.084.180
  • 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)

Commodity25-Feb-2218-Feb-2231-Dec-21Weekly ChgYTD Chg
Brent97.2293.0378.534.50%23.80%
WTI91.3891.4975.89-0.12%20.41%
Gold1885.71895.51827.5-0.52%3.18%
Silver23.9523.94523.2650.02%2.94%
Platinum10541070.6958-1.55%10.02%
Palladium234023091883.51.34%24.24%
CNBC
  • Forex

The NAFEX  closed positive while the IEFX rates closed negative.

FX25-Feb-2218-Feb-22% Chg31-Dec-21YTD Chg
I & E416416.75-0.18%435-4.37%
NAFEX415.96416.62-0.16%414.450.36%
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’m2020 N’m% Change
 DECDEC 
Revenue358469-23.7%
P(L)BT-87-61432.4%
Taxation0.00-78.14-100.0%
P(L)AT-87-83.833.9%
Basic EPS(K)-0.10-0.0911.1%

                        BALANCE SHEET INFORMATION

Net Asset760.32843.81-9.9%

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’m2020 N’m% Change
 DECDEC 
Revenue11,3636,45576.0%
PBT247.99751.255384.1%
Taxation(21.699)0.000.0%
PAT226.29851.225341.8%
Basic EPS(K)12729337.9%

                        BALANCE SHEET INFORMATION

Net Asset3,0502,7939.2%

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’m2020 N’m% Change
 DECDEC 
Revenue2,7551,266117.61%
P(L)BT138.99(179.552)117.41%
Taxation0.000.000.0%
P(L)AT138.99(179.552)117.41%
Basic EPS(K)23(30)176.68%

                        BALANCE SHEET INFORMATION

Net Asset149.91510.9281271.8%

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’m2020 N’m% Change
 DECDEC 
Gross Premium71,68361,98015.7%
P(L)BT1,9284,632-58.4%
Taxation(150.777)348.261-143.3%
P(L)AT(cont Ops)1,7704,980-64.5%
P(L)AT(Discon Ops)2,373269780.9%
P(L)AT4,1505,250-21.0%
Basic EPS(K)2644-40.9%

                        BALANCE SHEET INFORMATION

Net Asset37,85236,6593.3%

About the Author

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First Ideas Limited is an investment and financial advisory company established in 1994 to provide advisory services to high net worth individuals, trust funds, financial institutions and medium sized companies in growth sectors.

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