The document provides a daily market report and stock recommendations for the Nigerian market. It summarizes the day's trading activity with the All-Share Index up 0.26%. It also reports that Mobil and JBerger released full year results with profits up 84% and 4.92% respectively. The report recommends several stocks as buys, including UBA, Access Bank, and Dangote Cement, based on factors like potential upside, earnings growth, and dividend yield. It also discusses political news in Nigeria around defections between political parties ahead of the upcoming presidential election.
A summarized version of all the activities that took place on the floor of the nigerian stock exchange complied at the headquarters of CSL stockbrokers
Epic research singapore daily sgx singapore report of 08 th december 2014Epic Research Singapore
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The Nigerian Equity Market witnessed some respite at today’s session after suffering sharp slump in the last two back-to-back sessions. All-share-index got support from the oil and gas, insurance, consumer and industrial sectors on the back drop of NB(+2.65%), Dangcem(+1.18%), Mansard(+5.00) and FO(+1.00). NSEBNK was the only sector to close in the negative territory as Diamond (-4.57%), Stanbic(-2.72%) and GTB (-1.43%) shed points.
ASI gained 0.53% to close at 30,426.10, its year-to-date return stands at -12.21%. Among the broad indices, volume and value of transactions appreciated by 18% and 102% relative to previous figures as 207million units of shares valued at 3.136bn were traded. At the close of today’s session, gainers and losers were at par while 63 remained unchanged. Top in the gainers’ chart are MANSARD (N2.73), SEPLAT (N255.00) and LIVESTOCK (N1.80) while ETERNA (N1.85), DIAMONDBNK (N3.34) and UBCAP (N1.41) led the decliners.
Investors strategy should remain engaging stocks with excellent reputation, have demonstrated sustained growth and is of interest to a large number of investors.
General bearish sentiment kept the NSE ASI in negative territory on the first trading session of the week as the benchmark index lost 1.07% before the closing bell. Only 10 stocks recorded gains while 25 declined and 61 remained unchanged. Sectorial indices monitored by the Exchange showed mixed performance as the banking, consumer and industrial sectors closed negative on the back of Stanbic (-4.98%), Zenith (-4.82%), Dangflour (-4.74%) and Dangcem (-0.56%), while NSEOILGS and NSEINS closed positive on the back of Seplat (1.32%) and Continsure (2.94%)
Today at the Nigeria Stock Exchange, investors’ sentiment remained gloomy as the benchmark index traded in negative territory for the third session in a row as it went below 30,000bps physiological mark to close at 29,828.95. Most sectorial indices monitored by the exchange cl0sed in red which led to a 0.61% depreciation in the All Share Index. Wapco appreciated by 0.51% leaving NSEIND as the only sub-sector in positive territory. On the back of Okomuoil(-8.38%), Oando(-9.64%), Mansard(-4.53%), Glaxosmith(-4.95%) and Sterlnbnk(-4.67%), NSEOILGS, NSEINS, NSECNSM and NSEBNK shed points.
Once again, the benchmark index recorded modest gains as investors’ confidence in the Nigerian economy appear strengthened on the back of a firm commitment by the Nigerian President to name his cabinet before the end of September. Positive momentum was also seen on the sectoral front, as the Banking sector led all others to higher levels before the closing bell. On the stock specific front, OkomuOil, UBA, Zenith and UBACap have logged more than 2 consecutive gains, bringing their prices closer to profit booking range.
This XML Prague 2015 Pre-conference presentations shows practical usage of linked data sources. These sources can help to: enrich content with entities, add link to external data sources, use the enriched content in question answering, machine translation or other scenarios. The aim is to show the practical application of linked data sources in XML tooling. The presentation is an update and provides outcomes of the related session held at XML Prague 2014.
A summarized version of all the activities that took place on the floor of the nigerian stock exchange complied at the headquarters of CSL stockbrokers
Epic research singapore daily sgx singapore report of 08 th december 2014Epic Research Singapore
Epic Research private limited have best technical research team, Our research team provide Daily report on SGX Singapore and SGX Exchange, You can get Daily Favorable Tips & future Strategy for SGX Stocks Market
"Among all top 10 stock advisory company Indore Trade Nivesh is the best financial platform to get daily intraday stock market recommendations and market calls. You can also visit our site to have free trading trials."
The Nigerian Equity Market witnessed some respite at today’s session after suffering sharp slump in the last two back-to-back sessions. All-share-index got support from the oil and gas, insurance, consumer and industrial sectors on the back drop of NB(+2.65%), Dangcem(+1.18%), Mansard(+5.00) and FO(+1.00). NSEBNK was the only sector to close in the negative territory as Diamond (-4.57%), Stanbic(-2.72%) and GTB (-1.43%) shed points.
ASI gained 0.53% to close at 30,426.10, its year-to-date return stands at -12.21%. Among the broad indices, volume and value of transactions appreciated by 18% and 102% relative to previous figures as 207million units of shares valued at 3.136bn were traded. At the close of today’s session, gainers and losers were at par while 63 remained unchanged. Top in the gainers’ chart are MANSARD (N2.73), SEPLAT (N255.00) and LIVESTOCK (N1.80) while ETERNA (N1.85), DIAMONDBNK (N3.34) and UBCAP (N1.41) led the decliners.
Investors strategy should remain engaging stocks with excellent reputation, have demonstrated sustained growth and is of interest to a large number of investors.
General bearish sentiment kept the NSE ASI in negative territory on the first trading session of the week as the benchmark index lost 1.07% before the closing bell. Only 10 stocks recorded gains while 25 declined and 61 remained unchanged. Sectorial indices monitored by the Exchange showed mixed performance as the banking, consumer and industrial sectors closed negative on the back of Stanbic (-4.98%), Zenith (-4.82%), Dangflour (-4.74%) and Dangcem (-0.56%), while NSEOILGS and NSEINS closed positive on the back of Seplat (1.32%) and Continsure (2.94%)
Today at the Nigeria Stock Exchange, investors’ sentiment remained gloomy as the benchmark index traded in negative territory for the third session in a row as it went below 30,000bps physiological mark to close at 29,828.95. Most sectorial indices monitored by the exchange cl0sed in red which led to a 0.61% depreciation in the All Share Index. Wapco appreciated by 0.51% leaving NSEIND as the only sub-sector in positive territory. On the back of Okomuoil(-8.38%), Oando(-9.64%), Mansard(-4.53%), Glaxosmith(-4.95%) and Sterlnbnk(-4.67%), NSEOILGS, NSEINS, NSECNSM and NSEBNK shed points.
Once again, the benchmark index recorded modest gains as investors’ confidence in the Nigerian economy appear strengthened on the back of a firm commitment by the Nigerian President to name his cabinet before the end of September. Positive momentum was also seen on the sectoral front, as the Banking sector led all others to higher levels before the closing bell. On the stock specific front, OkomuOil, UBA, Zenith and UBACap have logged more than 2 consecutive gains, bringing their prices closer to profit booking range.
This XML Prague 2015 Pre-conference presentations shows practical usage of linked data sources. These sources can help to: enrich content with entities, add link to external data sources, use the enriched content in question answering, machine translation or other scenarios. The aim is to show the practical application of linked data sources in XML tooling. The presentation is an update and provides outcomes of the related session held at XML Prague 2014.
Setting and Measuring Social Media ObjectivesNikComm Inc.
How do you know how you’re doing online? Online campaigns rarely run in isolation. Online tactics, such as your website and social media, are only some of the tools in the communicator's tool box.
Also, web and social media channels offer unparalleled amounts of data about their performance. This can be both beneficial and problematic.
What sort of goals are reasonable for online tactics, and how do you measure them? NikComm worked with CPRS Edmonton members and guests to figure out what’s reasonable to achieve, and then how to figure out if you’re achieving it. Participants received a framework for goal- and objective setting, an overview of measurement tools and data, and then worked on cases to practice their skills. Presented Thursday, January 29, 2014.
Intro to IBM Bluemix DevOps Services, an open lab for IBM InterConnectLauren Hayward Schaefer
NOTE: The MongoLab service referenced in this tutorial is no longer available in the Bluemix catalog. See http://www.slideshare.net/LaurenHaywardSchaefe/intro-to-ibm-bluemix-devops-services-a-workshop-with-a-cloudant-twist for an updated version of this tutorial that uses Cloudant instead.
Looking for the latest, most up-to-date steps? See these developerWorks articles:
Intro to IBM Bluemix DevOps Services, Parts 1 - 4 (http://www.ibm.com/developerworks/cloud/library/cl-intro1-app/index.html)
Develop Node.js apps without leaving your browser (https://www.ibm.com/developerworks/library/wa-develop-deploy-debug-app/)
In this lab, you’ll get an introduction to using DevOps Services to deploy apps to Bluemix. You’ll discover how you can use Bluemix services to significantly speed up your development time. And you’ll learn how to create a delivery pipeline, so you can dive into the wonderful world of DevOps.
In a rare mash-up, DevOps is increasingly blending the work of both application and network security professionals. In a quest to move faster, organizations can end up creating security vulnerabilities using the tools and products meant to protect them. Both Chris Gates (carnal0wnage) and Ken Johnson (cktricky) will share their collaborative research into the technology driving DevOps as well as share their stories of what happens when these tools are used insecurely as well as when the tools are just insecure.
Technologies discussed will encompass AWS Technology, Chef, Puppet, Hudson/Jenkins, Vagrant, Kickstart and much, much more. Everything from common misconfigurations to remote code execution will be presented. This is research to bring awareness to those responsible for securing a DevOps environment.
A summary of market activities and stock performance that occurred on the floor of the Nigerian stock exchange at the close of trading activities yesterday.
Owing to improved investors’ patronage, the Nigerian Stock Market witnessed some respite at today’s trading session with the ASI appreciating 0.12% to close at 29,014.78bps. Sub-sectors monitored by the exchange showed mixed performance; NSEOILGS closed negative on the back of Oando (-9.67%) while NSEBNK, NSECNSM and NSEINS kept the ASI in positive territory on the back of gains recorded by Mansard (4.96%), Dangflour (4.76%), Flourmill (4.55%), Access (4.00%) and UBA (3.02%).
The All-Share-Index has lost 16.28% year-to-date. Among the broad indices, 217million units valued at N1, 458bn represents 32% and 19% decline in volume and value traded relative to previous figures. At the close of today’s session, 12 stocks advanced relative to 25 decliners while 61 remained unchanged. Top in the gainers’ chart are MANSARD(N2.75), DANGFLOUR (N2.42) and FLOURMILL(N21.85) while OANDO (N7.66), TRANSCORP (N1.85) and CCNN (N8.01) led the decliners.
Massive sell-off mode was activated as investors and speculators cut risky bets taking a cue from Nigeria’s exclusion from JP Morgan Government Bond Index – Emerging Market Series (GBI – EM). Benchmark index erased all points gained in the last two sessions as it lost 2.98% to stand at 29,454.09bps. Every sector monitored by the exchange took a hit; they all recorded losses ranging from 194bps to 394bps. The Banking sector lost most points as fourteen (14) out of the fifteen (15) traded banking counters closed lower.
ASI-year-to-date stands at -15.01% while market capitalization added N105billion. Among the broad indices, volume and value traded appreciated by 51% and 114% respectively. At the close of today’s session, 8 stocks advanced, 46 declined while 44 remained unchanged. Top in the gainers’ chart are TRANSEXPR (N1.21), FIDSON (N3.36) and GUINNESS (N131.48) while OANDO (N10.93) FIDELITYBK (N1.43) FBNH (N6.63) led the decliners.
Investors are advised to tread cautiously.
Market performance for 6th January 2015 complied by CSL Stockbrokers Limited Headquarters, Lagos Nigeria containing detailed market analysis from the Nigerian Stock Exchange.
The Equity market moved southward for the fourth session in a row as the benchmark index struggled for direction loosing 0.07% to close at 29,032.44bps. This pessimistic mood was witnessed across all sectorial indices monitored by the exchange except for NSEOILGS which closed positive on the back of Oando(+7.22%). NSEOILGS topped the losers chart on the backdrop of Unilever(-4.98%), Champion(-4.83%), Intbrew(-4.69%) and 7UP(-2.55).
Collective Mining | Corporate Presentation - May 2024
Daily Retail Report
1. Retail views
UBA Q4 results
Nigeria Tuesday, 24 March 2015
Daily Retail Report
.
Market Review
The Nigeria Stock Exchange sustained the positive trend that has
prevailed the market in three straight sessions. NSE All-Share-
Index appreciated by 0.26% to return 29,584.00bps with 3,850
deals. NSE sectorial indices showed mixed performance, as
NSECNSM, NSEIND, NSEOILGS closed negative while NSEBNK and
NSEINS closed in positive terrain on the back of UBA(7.30%),
SKYEBANK(N4.70%), DIAMONDBNK(4.49%), FIDELITYBK(4.44),
WEMABANK(4.35)
ASI year-to-date currently stands at -12.65% as market
capitalization adds N26Bn to return 9.872Trillion. At the close of
today’s session, 23 Stocks advanced relative to 28 decliners while
38 remained unchanged. Top in the positive territory are UBA
(N3.97), FCMB (N2.80) and HONYFLOUR (N3.00) while CCNN
(N10.79), MAYBAKER (N1.41) and SEPLAT (N370.00) were top in
the negative territory.
MOBIL and JBERGER released their FY results for the period ended
31st December, 2014. PAT of N6.392Bn and N8.239Bn represents
an appreciation of 84% and 4.92% respectively from the prior
period. MOBIL and JBERGER has proposed a dividend of
N6.60kobo/share and N2.70kobo/share respectively.
In the trader’s opinion, value Investors are advised to take up
buying opportunities as stock prices remain fairly priced.
Sector Report Today(%) Month-To-Date(%) Year-To-Date(%)
NSE30 0.20 -0.58 -7.49
NSE BNK10 0.20 3.07 -6.61
NSE CNSM10 -0.02 -2.14 -7.98
NSE OILG5 -1.90 -8.37 -7.19
NSE INS10 0.10 3.25 -17.14
NSE IND -0.03 -1.59 -12.94
Market Wrap
ASI 0.27 29,584.00
Index year-to-datee -12.65
Market Cap. N9.872Tril
Traded value 2.850Bn
Key gainers (%)
UBA 7.30
HONYFLOUR 4.90
DANGFLOUR 4.84
SKYEBANK 4.70
PZ 4.58
Key losers (%)
CCNN -8.56
SEPLAT -4.66
UACN -2.08
OANDO -2.07
UBN -1.91
NITTY
1M 14.1886
2M 14.2052
3M 14.3508
6M 15.2420
9M 15.4232
12M 16.3278
Crude oil spot price
Brent crude US$55.30
Contact information
Phone: 01-2713923; 01-2713920
Mobile: 08068015502
Email: cslservice@fcmb.com
Open Account: Click here to register
2. Daily Retail Report
Page 2
Retail views
Stock Recommendations
Banking Comment
Current
Price
Target
Price
Potential
Upside %
EPS
FY
2013
1 Yr
forward
EPS
Last
Dividend
(N)
P/BV
2013
Yield FY
2013
Yield FY
2014e
Shares
Outstanding
(millions)
Year
End
ACCESS BANK Buy 5.90 7.70 31% 1.60 1.90 0.35 0.80 7.10% 11.5% 22883.00 Dec.
DIAMOND BANK Buy 3.96 3.80 -4% 2.00 1.70 0.30 0.60 5.40% 5.4% 14475.00 Dec.
FIDELITY BANK PLC Buy 1.41 1.90 35% 0.30 0.50 0.14 0.30 7.40% 11.6% 28974.00 Dec.
FBN HOLDINGS Buy 8.35 12.90 54% 2.20 2.30 1.10 0.80 10.00% 10.0% 32632.00 Dec.
GUARANTY TRUST BANK Buy 22.50 28.40 26% 3.20 3.30 1.45 2.20 6.90% 7.3% 29431.00 Dec.
STANBIC HOLDINGS Hold 27.90 32.40 16% 1.90 2.60 1.20 3.10 2.70% 3.5% 10000.00 Dec.
STERLING BANK Hold 2.29 1.60 -30% 0.40 0.40 0.25 0.80 10.90% 8.7% 21592.00 Dec.
SKYE BANK Under review 2.45 Under review #VALUE! 1.20 1.10 0.30 0.30 11.10% 20.7% 13219.00 Dec.
U B A Buy 3.97 5.70 44% 1.40 1.50 0.50 0.70 10.10% 10.1% 32981.00 Dec.
ZENITH BANK Buy 16.70 24.60 47% 3.00 3.00 1.75 1.30 8.10% 8.3% 31396.00 Dec.
Food & Beverage
EV/EBITDA (x)
2013
Yield FY
2013e
DANGOTE SUGAR REFINERY Under review 6.15 Under review N/A 0.89 1.20 0.60 4.70 7.40% 7.4% 12000.00 Dec.
CADBURY NIG. Under review 39.23 Under review N/A 2.90 3.20 1.30 7.60 0.00% 4.7% 1878.00 Dec.
FLOUR MILLS Hold 32.93 54.80 66% 2.90 3.50 1.60 8.90 3.30% 4.0% 2385.00 Mar.
HONEYWELL FLOURMILLS Buy 3.00 5.20 73% 0.40 0.30 0.17 12.00 5.70% 4.7% 7930.00 Mar.
NESTLE FOODS NIG. Hold 805.00 777.60 -3% 28.10 31.30 24.00 24.90 2.60% 3.0% 792.00 Dec.
P Z INDUSTRIES Hold 25.55 34.60 35% 1.20 1.30 0.19 7.80 2.70% 3.0% 3970.00 May
U A C N Buy 33.49 72.60 117% 2.90 3.60 1.75 5.40 4.00% 4.7% 1920.00 Dec.
UNILEVER NIGERIA PLC Sell 34.00 31.80 -6% 1.30 1.60 1.25 13.70 3.80% 3.8% 3783.00 Dec.
Building Materials EPS 2013e
EV/EBITDA(x)
2013e
Yield FY
2013e
LAFARGE WAPCO PLC Under review 84.00 Under review N/A 9.40 9.40 3.30 8.20 3.30% 3.3% 3001.00 Mar.
DANGOTE CEMENT Buy 152.88 198.40 N/A 11.80 11.90 7.00 16.10 3.40% 3.5% 17040.00 Dec.
Breweries EPS 2013e
EV/EBITDA(x)
2013e
Yield FY
2013e
GUINNESS NIG. Sell 127.00 111.00 -13% 7.90 5.90 7.00 14.50 4.30% 3.0% 1506.00 June
INTERNATIONAL BREWERIES Hold 18.00 24.50 36% 0.90 1.30 0.30 16.20 1.00% 1.5% 3263.00 Mar.
NIGERIAN BREWERIES Sell 132.00 121.20 -8% 5.70 5.60 4.50 13.30 2.90% 2.1% 7562.00 June
Agriculture EPS 2013e
EV/EBITDA (x)
2013e
Yield FY
2013e
OKOMU OIL Buy 28.42 41.50 46% 2.20 3.00 1.00 9.00 3.20% 6.7% 953.00 Dec.
PRESCO PLC Buy 27.78 42.70 54% 1.29 1.60 0.10 9.20 0.40% 1.7% 1000.00 Dec.
Pharmaceuticals EV/EBITDA (x)
2013
Yield FY 2013
GLAXOSMITHKLINE BEECHAM NIG. Buy 42.00 78.60 0.87 3.10 4.30 1.30 8.90 2.50% 3.8% 957.00 Dec.
Note – for full report on the recommended stocks kindly send an email to cslcsu@firstcitygroup.com
3. Daily Retail Report
Page 3
Retail views
Top Highlight
Politics
Inter-party defections
Last week, several local newspapers reported that President Goodluck Jonathan paid a visit to Nigeria’s former Vice-President (1999-2007), Atiku
Abubakar, who lost to General Muhammadu Buhari at the All Progressives Congress (APC) presidential primaries in 2014, at his residence in
Adamawa State. This, coupled with reports that supporters of the former Vice-President have defected to the Peoples Democratic Party (PDP) is
fuelling speculation that Atiku Abubakar may be re-joining the PDP which he left in 2014.
With barely a week to the presidential election (28 March 2015), there are reports that the Deputy Governor of Rivers State, Tele Ikuru, has
rejoined the PDP. Ikuru was a former member of the PDP but defected to the APC in 2013, alongside his boss, Rotimi Amaechi, who is the
Governor of Rivers state and the current head of the APC’s campaign organisation.
Inter-party defections are not unusual in the Nigerian political space, and we will not be surprised if there are more cases of changing sides after
the presidential elections, due this weekend.
News Headlines
CAR: CBN extends deadline for systemically important banks: The Central Bank of Nigeria (CBN) has extended the deadline for the
implementation of higher capital adequacy ratio (CAR) requirements for systemically important banks (SIBs), THISDAY learnt on Monday.
THISDAY also gathered that the banking sector regulator has also set a fresh deadline for banks that breached the minimum CAR under Basel II
to submit their recapitalisation plans and execute them. Specifically, the CBN gave the affected banks a 15-month breather. They have been given
three months, till 13 June 2015, to submit recapitalisation plans and till 30 June 2016 to implement them. The CBN’s letter also affirmed the
regulator’s willingness to support any under-capitalised bank and added that it may require rapid remedial actions if adequate capitalisation is not
restored. Source: thisdaylive.com
Development bank begins operation with N300bn (US$1.5bn):: President Goodluck Jonathan on Monday formally inaugurated the Development
Bank of Nigeria with a capital base of $1.5bn. The bank is being supported by development partners such as the African Development Bank, World
Bank, Agence Francaise de Development, and KFW Entwicklungsbank of Germany. The development bank, according to the President, will support
medium to long-term lending to Micro, Small and Medium-scale Enterprises, with duration of up to 10 years and a moratorium period of up to 18
months. The moratorium period is to enable the MSMEs a grace period before they will start repaying the loans. Source: punchng.com
Supreme court adjourns hearing on Brittania-U, Chevron, Seplat case to May 18: The Supreme Court on Monday could not hear the appeal
in the case involving Brittania-U Nigeria Limited and Chevron Nigeria Limited, as the apex court stated that the appeal cannot be heard when
the issue in litigation before the court had allegedly been disposed off by the respondent during the pendency of the appeal. When the case was
called, counsel to all the parties were in court but the main appeal was not heard because of the alleged developments after the last adjourned
date, which was February 24, 2015. Source: thisdaylive.com