Monday, June 19, 2017, 5:58 PM /GTI Research
The Nigerian equity market on Friday, the last trading day of the week, gained 0.04% extending prior uptrend to three days. However, market breadth closed negative recording 25 gainers against 31 losers.
In summary, the All Share Index (ASI) gained 12.72 absolute points, representing a growth of 0.04% to close at 33,810.56 points. Similarly, the Market Capitalization gained N4.40 billion, representing a growth of 0.04% to close at N11.69 trillion.
The Upturn was impacted by gained recorded in medium and large capitalized stocks, amongst which are; ETI (+10.33%), OKOMU (+5.00%), PRESCO (+4.99%), 7UP (+1.31%), NESTLE (+0.78%), NB(+0.15%).
The Nigerian equity market closed the week on the positive side as investors extended bargain hunting on handful of stocks. The week started with marginal profit taking witnessed on Monday and Tuesday.
It eventually gave way to bullish momentum on Wednesday with a strong growth of 1.38% boosted by increased activity from fund managers. It retained bulls ride on Thursday through Friday.
As such, week-on-week, the All Share Index (ASI) gained 532.88 absolute points, representing a growth of 1.60% to close at 33,810.58 points.
On the other way round, the Market Capitalization gained N187.87 billion, representing a growth of 1.63% to close at N11.69 trillion.
The acquisition of 414MW Geregu Power Plant has started to contribute significantly to the Company’s topline.
Power generation contribution to revenue increased by 118.61% YoY accounting for 19.79% of total revenue in Q1 2017 compared to 8.39% of total revenue in Q1 2016.
This trend is expected to continue with the power generation business further boosting revenue growth especially with the present drive by the government to ensure that power generation in the country increases.
FO also has the capacity to push higher fuel and lubricants volume sales through its recent retail outlet expansion financed through its issued bonds.
Total Nigeria is one of the foremost oil and gas companies in the Nigerian oil sector. The company is one of the largest in terms of retail outlets across the country and leverages on these outlets to push sales volume.
The company has also benefitted from the deregulation of the downstream sector where it operates as a result of its retail presence in the volume driven oil marketing space.
The company pays consistent dividend and is a firm pick with PFA’s and FPI’s .The Company has declared a final dividend of N7.00 bringing total dividend for 2016 to N17.00
Dangote Cement is Africa's leading cement producer with three plants in Nigeria and plans to expand into 13 other African countries.
The Group is a fully integrated quarry-to-customer producer with production capacity of 29 million tonnes in Nigeria and new operations set to begin across the rest of Sub-Saharan Africa.
The Group plans to have 42 million tonnes capacity by the end of 2016 and 50-60 million tonnes of production, grinding and import capacity in Sub-Saharan Africa by 2016. Dangote Cement's Obajana plant in Kogi State, Nigeria, is the largest in Africa with 13 million tonnes capacity across four lines.
The Ibese plant in Ogun State has four cement lines with a combined installed capacity of 12 million tonnes.
The Gboko plant in Benue State has 4 million tonnes capacity. Over time, Dangote Cement has eliminated Nigeria's dependence on imported cement and is transforming the nation into an exporter of the product serving neighboring countries.
FO, Nestle, NB, GT, Fidson
9. GTI 5 Weekly Stock Picks -180417
10. Top Penny Stocks On Our Watch List for 2017
11. GTI 5 Weekly Stock Picks -191216
12. GTI 5 Weekly Stock Picks -051216