NGX Daily Equity Market Report, Jan 06, 2022

The Nigerian equity market on Thursday closed on a positive note as the All Share Index appreciated by 0.30% to close at 43,607.94 points from the previous close of 43,476.75 points.Investors gained N70 billion as Market Capitalisation grew by 0.30% to close at N23.497 trillion from the previous close of N23.427 trillion.An aggregate of 174.6 million units of shares were traded in 3,715 deals, valued at N2.13 billion.The Market Breadth closed positive as 24 equities emerged as gainers against 13 equities that declined in their share prices.Percentage Gainers
BUA Foods led other gainers with 10% growth, closing at N48.4 from the previous close of N44.Academy Press and Meyer Plc among other gainers also grew their share prices by 9.09% and 8.70% respectively.Percentage Losers
Sunu Assurance led other price decliners as it shed 9.76% of its share price to close at N0.37 from the previous close of N0.41.NEM Insurance and FTN Cocoa among other price decliners also shed their share prices by 7.78% and 7.69% respectively.Volume Drivers
FBNH traded about 27.09 million units of its shares in 125 deals, valued at N307.3 million.UBA traded about 22.03 million units of its shares in 176 deals, valued at N177.5 million.Transcorp traded about 11.996 million units of its shares in 97 deals, valued at N11.73 million. Stock market advances by 2.66% WtD amidst renewed investors’ optimism competition in the top ten most capitalised companies in Nigerian capital market has been heightened by BUA Foods, as the firm displaced Guaranty Trust Holding Company (GTCO) and Zenith Bank.Data from Nigerian Exchange Group showed the Nigerian bourse had started 2022 with Dangote Cement, MTN Nigeria, Airtel, BUA Cement and Nestle completing the top five most valued equities.GTCO, Zenith Bank, Stanbic IBTC, Nigerian Breweries and Seplat completed the top ten list, but this status quo has been flipped on its head by BUA Foods within just four days of its listing.On January 5, BUA Foods listed on the main board of the NGX, with a market valuation of N792 billion, but that figure has risen by 32.9 percent in four days to close at N1.05 trillion on January 10.This value has made BUA Foods overtake the three largest financial bank, Zenith Bank (N795.90 billion), GTCO (N751.96 billion), Stanbic IBTC (N483.29 billion), all of which occupies the sixth, seventh and eighth position on largest capital market investment.BUA Foods is now sixth, knocking Seplat (N391.31 billion) out of the top ten, while its bullish run also threatens the position of Nestle (N1.23 trillion) and its sister-company, BUA Cement (N2.31 trillion).Ripples Nigeria understands that the trillionaire club list of the Nigerian bourse has also increased to six for the first time, with Dangote Cement leading the pack with N4.43 trillion, Airtel valued at N3.97 trillion, MTN Nigeria N3.77 trillion, BUA Cement N2.31 trillion, Nestle N1.23 trillion and BUA Foods N1.05 trillion.If BUA Foods breaks into the top five most valued companies on NGX, billionaire, Abdulsamad Rabiu, will be the first businessman to have two of his companies in the top five rank. WEMA BANK to raise N40bn via right issue – Exercise your right and be better for it

New Gorgeous Ventures: Investors gain N23bn as stock market advances by 0.10%
[8:29 am, 28/01/2022] Gorgeous Ventures: Stock Market Review: January 11, 2022
[8:29 am, 28/01/2022] Gorgeous Ventures: Heineken moves to takeover minority shares in Champion Breweries
[8:29 am, 28/01/2022] Gorgeous Ventures: BUA Foods Plc recently published its third quarter report for the period ended 30 September 2021.The report shows year on year growth in the Company’s top line and bottom line figures.A turnover of N79.697 billion was reported for the nine months period, up by 6.84% from N74.593 billion reported the previous year.Profit after grew by 6.68% to N16.56 billion from N15.53 billion reported the previous year. Earnings per share of BUA Foods for the period under review stands at N0.92.At the share price of N64.40, the P.E ratio of BUA Foods stands at 69.98x with earnings yield of 1.43%.


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