14th August 2023 Africa Markets Roundup
Markets % Change YTD (%) NGX ASI 65,325.37 1.08% 27.46% Brent Crude Oil 86.81 0.47% 1.05% Natural Gas 2.77 0.25% -32.44% I&E FX Window 740.60 5.17% -65.29% Parallel Market 940.00 -1.08% -27.03% Nigerian Treasury Bill (Average Yield %) 7.03% 0.15% 14.68% FGN Bonds (Average Yield %) 13.66% 0.05% 15.57% Gold 1,913.53 0.08% 5.48% Cocoa 3,297.00 0.46% 26.53%
11th August 2023 Africa Markets Roundup
Markets % Change YTD (%) NGX ASI 65,205.35 1.62% 27.23% Brent Crude Oil 86.69 -0.98% 0.91% Natural Gas 2.77 -6.52% -32.44% I&E FX Window 781.34 0.19% -74.39% Parallel Market 930.00 -2.76% -25.68% Nigerian Treasury Bill (Average Yield %) 6.88% 0.00% 12.23% FGN Bonds (Average Yield %) 13.59% -0.02% 14.97% Gold 1,917.17 0.14% 5.68% Cocoa 3,268.00 -1.54% 25.41% Market News – MTN Nigeria has announced that it has obtained the approval of the Securities and Exchange Commission (SEC) for the registration of ordinary shares that allows the company to issue dividends as shares to 5,192 shareholders. Under the plan, 5,192 shareholders elected to receive their FY 2022 final dividends in the form of shares, equivalent to 641,047,053 new ordinary shares of 2kobo each at N232.68 per share. This brings the total issued shares of the Company to 20,995,560,103.
10th August 2023 Africa Markets Roundup
Markets % Change YTD (%) NGX ASI 64,167.39 -1.75% 25.20% Brent Crude Oil 87.48 1.52% 1.83% Natural Gas 2.96 6.73% -27.80% I&E FX Window 782.88 -3.42% -74.73% Parallel Market 905.00 -0.89% -22.30% Nigerian Treasury Bill (Average Yield %) 6.88% 0.00% 12.23% FGN Bonds (Average Yield %) 13.59% -0.02% 14.97% Gold 1,916.51 -0.43% 5.64% Cocoa 3,292.00 -1.23% 26.33%
9th August 2023 Africa Markets Roundup
Markets % Change YTD (%) NGX ASI 65,309.65 -0.04% 27.48% Brent Crude Oil 85.93 0.64% -0.20% Natural Gas 2.78 1.98% -32.20% I&E FX Window 757.51 2.19% -68.97% Parallel Market 895.00 -0.85% -20.95% Nigerian Treasury Bill (Average Yield %) 6.59% 0.00% 7.50% FGN Bonds (Average Yield %) 13.43% 0.00% 13.62% Gold 1,926.34 -0.53% 6.18% Cocoa 3,336.00 -4.00% 28.02% Corporate Result – Indigenous energy company, Seplat Energy Plc, grew its gas revenue by 10.21%to US $63.7m H1 2023 compared to US $57.8m recorded in the same period in 2022, on the back of higher prices of 4.4% and volumes of 1.4%.
8th August 2023 Africa Markets Roundup
Markets % Change YTD (%) NGX ASI 65,336.80 0.21% 27.48% Brent Crude Oil 85.36 -1.02% -0.64% Natural Gas 2.73 5.78% -33.41% I&E FX Window 774.78 -4.17% -72.76% Parallel Market 887.50 -1.14% -19.93% Nigerian Treasury Bill (Average Yield %) 6.59% 0.00% 7.50% FGN Bonds (Average Yield %) 13.43% 0.00% 13.62% Gold 1,933.50 -0.43% 6.58% Cocoa 3,461.00 -1.40% 32.82%
7th August 2023 Africa Markets Roundup
Markets % Change YTD (%) NGX ASI 65,198.08 -0.1% 27.21% Brent Crude Oil 86.24 1.29% 0.38% Natural Gas 2.57 0.47% -37.32% I&E FX Window 743.07 4.55% -65.85s% Parallel Market 877.50 -1.45% -18.58% Nigerian Treasury Bill (Average Yield %) 6.59% 0.00% 7.50% FGN Bonds (Average Yield %) 13.43% 0.08% 13.62% Gold 1,942.02 0.43% 7.05% Cocoa 3,510.00 0.54% 34.70%
4th August 2023 Africa Markets Roundup
Markets % Change YTD (%) NGX ASI 65,263.06 1.55% 27.34% Brent Crude Oil 85.14 2.49% -0.74% Natural Gas 2.55 3.11% -37.80% I&E FX Window 776.5 -4.71% -73.31% Parallel Market 865.00 0.29% -16.89% Nigerian Treasury Bill (Average Yield %) 6.59% 0.00% 7.50% FGN Bonds (Average Yield %) 13.35% 0.05% 12.94% Gold 1,933.78 0.02% 6.59% Cocoa 3,491.00 -1.77% 33.97%
3rd August 2023 Africa Markets Roundup
Markets % Change YTD (%) NGX ASI 64,267.36 0.12% 25.40% Brent Crude Oil 83.33 -1.86% -3.00% Natural Gas 2.47 -3.36% -39.76% I&E FX Window 741.64 6.01% -65.53% Parallel Market 867.50 -0.46% -16.25% Nigerian Treasury Bill (Average Yield %) 6.69% 0.00% 9.14% FGN Bonds (Average Yield %) 13.26% 0.00% 12.18% Gold 1,934.81 -0.47% 6.65% Cocoa 3,568.00 0.23% 36.93% Corporate Results – FCMB Group has recorded a 148% growth in PBT of N38.2 billion for H1 2023 compared to N15.4 billion in the corresponding period of 2022. Lafarge Africa reported its Q2 2023 showing PBT grew by 29.02% y/y, reaching N32.787 billion. This took the H1 2023 PBT to N55.315 billion versus N46.879 billion in the same period last year. Dangote Sugar in its H1 2023 results reported a 9.3% y/y growth in revenue to N202.78bn from N185.46bn in H1 2022. Its topline performance was driven by growth in sales of sugar (50kg), sugar (retails) and molasses to N194.19bn (+8.3% y/y), N5.86bn (+70.8% y/y) and N1.54bn (+7.9%) respectively in H1 2023 while Freight Income declined by 13.2 y/y to N1.19bn in the period. Fidelity Bank reported its 2023 Q2 2023 showing PBT by 184.08% y/y, reaching N43.58 billion. This took H1 2023 half-year PBT to N61.19 billion versus N25.67 billion in the same period last year.
2nd August 2023 Africa Markets Roundup
Markets % Change YTD (%) NGX ASI 64,192.20 -0.23% 25.25% Brent Crude Oil 84.91 -0.55% -1.12% Natural Gas 2.57 -2.58% -37.32% I&E FX Window 789.08 -1.74% -76.11% Parallel Market 867.50 -0.29% -17.23% Nigerian Treasury Bill (Average Yield %) 6.69% 0.02% 9.14% FGN Bonds (Average Yield %) 13.26% 0.03% 12.18% Gold 1,943.98 -1.01% 7.15% Cocoa 3,524.00 0.56% 36.54% (-10%), Ecobank Transnational (-10%), Livestock Feeds (-10%) and NPF Microfinance Bank (-10%). Corporate Results – Notore has recorded revenue of N7.92 billion Q2 2023, following a very challenging period for the company with disruption to its gas supply. Lasaco Assurance Plc has said it will pay 15 kobo dividends on every share, translating to a total value of N183m for the financial year ended 31st December 2022. BUA Cement reported a 17.2% y/y revenue growth to N221.07 billion in H1 2023 from N188.56bn in the prior period (H1 2022).
1st August 2023 Africa Markets Roundup
Markets % Change YTD (%) NGX ASI 65,056.39 -1.09% 25.53% Brent Crude Oil 85.82 0.60% -0.10% Natural Gas 2.62 -0.68% -36.10% I&E FX Window 775.76 2.41% -68.94% Parallel Market 865.00 0.57% -16.89% Nigerian Treasury Bill (Average Yield %) 6.69% 0.02% 9.14% FGN Bonds (Average Yield %) 13.23% -0.02% 11.93% Gold 1,967.7 0.43% 8.46% Cocoa 3,558.00 0.94% 36.54% Corporate Results – Transnational Corporation Plc has reported H1 2023 revenue growth of 31% of N82.1 billion. Wema Bank reported 97% growth in profit after tax for H1 2023 of N10.48 billion. Meanwhile, the board of directors of Custodian Investments Plc has proposed an interim dividend of N882.28 million for the half year ended June 30, 2022, 15 kobo per unit of 50 Kobo ordinary shares for its shareholders for the 2022 financial year.