Top Gainers
Top Decliners
 BVMT | Societe Immobiliere Tuniso-Seoudienne | 1.90 | +10.47% | 05/06 |
 ZSE | Hippo Valley Estates | 4.20 | +10.24% | 05/06 |
 EGX | Egyptian Financial & Industrial | 110.11 | +10.11% | 06/06 |
 NGX | Oando | 14.05 | +9.77% | 06/06 |
| NGX | Eterna | 14.75 | +9.67% | 06/06 |
 NSE | East African Portland Cement | 7.78 | +9.58% | 05/06 |
| NGX | Veritas Kapital Assurance | 0.69 | +9.52% | 06/06 |
| ZSE | EcoCash Holdings Zimbabwe | 0.20 | +8.84% | 05/06 |
| NGX | N.E.M. Insurance | 8.70 | +8.75% | 06/06 |
| EGX | Ajwa For Food Industries Company Egypt | 49.50 | +7.61% | 06/06 |
| EGX | Eastern Tobacco | 20.73 | -22.07% | 06/06 |
 SEM | Southern Cross Tourist | 2.50 | -16.67% | 05/06 |
| NGX | May & Baker Nigeria | 6.03 | -10.00% | 06/06 |
 BVC | Residences Dar Saada | 72.91 | -9.99% | 05/06 |
| NGX | Fidelity Bank | 9.75 | -9.72% | 06/06 |
| NGX | Sovereign Trust Insurance | 0.38 | -9.52% | 06/06 |
| NSE | Uchumi Supermarkets | 0.19 | -9.52% | 05/06 |
| EGX | Samad Misr EGYFERT | 42.61 | -9.07% | 06/06 |
| NGX | Stanbic IBTC Holdings | 52.00 | -8.77% | 06/06 |
| BVMT | BH Leasing | 3.24 | -8.47% | 05/06 |
Research Hub
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DANGCEM | Dangote Cement Company Update : Nigerian operations to recover in FY’24
In light of the Q1'24 earnings release, we raise our 12-month target price (TP) for DANGCEM to N552.42 (vs N375.58 previously); however adjusting our recommendation to a HOLD (BUY previously). Our... -
ACCESSCORP | Access Holdings Company Update : Investment to consolidation, aligning with strategy
Following the release of ACCESSCORP’s FY’23 and Q1’24 numbers, we now expect earnings to increase by c.2.0% from the FY’23 print. Our confident expectation (given the FY’23 high base) hinges on the... -
OKOMUOIL | Okomu Oil Palm Company Update : Re-rating after a stellar Q1 performance
Following OKOMUOIL’s stellar Q1’24 performance, we revise our 12-month target price (TP) to N308.71 (previously N253.07), with a BUY rating on the ticker. Our view stems from the higher domestic CPO... -
TOTAL | TotalEnergies Marketing Nigeria Company Update : High prices & refining activity to bolster earnings
Following the strong performance in TOTAL’s Q1’24 result in line with the marketer’s dominance of the downstream oil and gas sector, we update our 12-month target price to N537.32 and retain a BUY... -
MTNN | MTN Nigeria Company Update : Losses to moderate in FY’24
MTNN’s performance was constrained in FY’23 and Q1’24, owing to a surge in costs and FX-induced drag on profitability. In FY’24, we expect MTNN to report a loss of N27.41 billion, materially lower... -
NB | Nigerian Breweries Plc Company Update - Bottom line pressure to ease in FY'24
The start of 2024 has largely been challenging for Nigerian Breweries Plc (NB), as the material FX devaluation and stubborn inflation dampened profitability in Q1'24. In FY'24, we expect NB to... -
SEPLAT | Seplat Energy Company Update : Stronger output to drive FY’24 earnings
Despite the weak Q1'24 performance, largely driven by the impact of timing of lifting and a lower working interest production of gas from OMLs 4, 38 & 41, we remain optimistic about SEPLAT's ability to... -
NGX | Nigerian Exchange - Monthly Equities Report - April 2024 : The bears dominate performance across markets
Investors were badly beaten in local equities, as the benchmark index declined by 6.1% and the market capitalization contracted by N3.5 trillion to N55.5 trillion. Consequently, YtD return moderated...
