Daily Stock Market Scorecard

11th January 2021

Market Summary 2 Turnover, Top Gainers and Losers 3

Corporate Disclosure 4 About Us 5

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Market Summary

The Oil and Gas Index gained 0.85% to lead while theInsurance Index trailed with -0.72% on the indiceschart.

o Mixed sentiments persists as the Bulls forced a marginal gain to lift the All-Share Index (ASI) up by 0.08%.

o Today’s gain abates the year-to-date deficit of the market to 0.30%.

o Market capitalization Increased by N15.98 billion (+0.08%) to close atN20.99 trillion.

o Total volume traded rose to 335.70 million units (+0.72%) with total valueof N2.49 billion (-31.75%).

o Today, the market recorded 28 gainers and 24 losers (Friday: 39 against 11).

o PRESCO, Flour Mills and Okomu appreciated while BOC Gases and GTB lost.

Movement in ASI (%)

20212020

Market Indices Performance

Index 11-Jan-21 08-Jan-21 Change %Chg

NSE 30 1,642.10 1,641.17 0.93 0.06%NSE 50 1,654.21 1,652.60 1.61 0.10%NSE All-Share 40,150.78 40,120.22 30.56 0.08%NSE ASeM 729.87 729.87 0.00 0.00%NSE Banking 406.42 405.64 0.78 0.19%NSE CG 1236.06 1234.73 1.33 0.11%NSE Consumer Goods 590.88 588.16 2.72 0.46%NSE Growth 991.89 991.89 0.00 0.00%NSE Industrial 2005.19 2005.26 -0.07 0.00%NSE Insurance 205.99 207.48 -1.49 -0.72%NSE Main-Board 1760.26 1759.03 1.23 0.07%NSE Oil/Gas 258.15 255.97 2.18 0.85%NSE Premium 3369.93 3367.12 2.81 0.08%

NSE Pension 1415.53 1413.7 1.83 0.13%

Market Indicators 08-Jan-21 11-Jan-21 % Change Year Start % Change YTD

NSE All Share Index (ASI) 40,120.22 40,150.78 0.08% 40,270.72 -0.30%

Market Capitalisation (N'billion) 20,978.07 20,994.05 0.08% 21,056.76 -0.30%

Indicator Previous Current % Change Budget % Change

Crude Oil ($) - Brent 55.44 55.16 -0.51% 40.00 37.90%

Crude Oil ($) - Bonny Light 53.94 54.91 1.80% 40.00 37.28%

Reserve ($'billion) 35.83 35.83 0.00% N/A N/A

Exchange Rate ( N /$) 379.00 379.00 0.00% 305.00 -19.53%

Inflation Rate: 14.86% CRR: 27.50%

Economic & Monetary Indicators

Liquidity Ratio: 30.00%MPR: 11.50%

Turnover, Top Gainers and Loserso In 5,338 deals, Investors traded 335.70 million units of shares valued

at N2.49 billion.

o Mutual Benefits (104.6m units) and Mansard Insurance (26.34m units) ledthe volume chart while Okomu Oil (N0.46 bn) and Zenith (N0.34bn) led invalue terms.

o The market closed with 28 gainers and 24 losers, as against 39 gainersand 11 losers recorded on Friday.

o Ardova gained 9.79% to lead the gainers’ chart while Cutix Plc lost10.00% to lead on the losers’ chart.

08-Jan-21 11-Jan-21 % Change

Total Volume Traded 333,311,419 335,699,532 0.72%Total Value Traded (N) 3,648,213,794 2,489,743,053 -31.75%No of Deals 5,143 5,338 3.79%

08-Jan-21 11-Jan-21 % Change

Gainers 39 28 -28.21%

Losers 11 24 118.18%

TOP 15 GAINERS (11-January-2021) TOP 15 LOSERS (11-January-2021)

% Change % Change

S/n Company 08-Jan-21 11-Jan-21 Day MTD YTD S/n Company 08-Jan-21 11-Jan-21 Day MTD YTD

1ARDOVA 16.35 17.95 9.79% 32.47% 32.47%

1CUTIX 2.40 2.16 -10.00% -6.09% -6.09%

2MAYBAKER 3.27 3.59 9.79% 2.28% 2.28%

2BOCGAS 12.65 11.39 -9.96% 19.02% 19.02%

3BERGER 7.35 8.05 9.52% 9.52% 9.52%

3CAVERTON 1.98 1.84 -7.07% -10.24% -10.24%

4JAPAULGOLD 0.97 1.06 9.28% 70.97%

70.97% 4

LINKASSURE 0.64 0.61 -4.69% 17.31% 17.31%

5ROYALEX 0.23 0.25 8.70% -3.85% -3.85%

5DEAPCAP 0.21 0.21 -4.55% -16.00%

-16.00%

6MBENEFIT 0.28 0.30 7.14% 11.11% 11.11%

6CHAMS 0.24 0.23 -4.17% 0.00% 0.00%

7WAPIC 0.42 0.45 7.14% 12.50% 12.50%

7REGALINS 0.25 0.24 -4.00% 9.09% 9.09%

8LIVESTOCK 1.70 1.81 6.47% 30.22%

30.22% 8

UCAP 5.00 4.83 -3.40% 2.55% 2.55%

9COURTVILLE 0.22 0.23 4.55% 9.52% 9.52%

9MANSARD 1.19 1.15 -3.36% 9.52% 9.52%

10JAIZBANK 0.70 0.73 4.29% 10.61% 10.61%

10CHIPLC 0.32 0.31 -3.13% -3.13% -3.13%

11OANDO 3.55 3.70 4.23% 0.00% 0.00%

11FTNCOCOA 0.72 0.70 -2.78% 6.06% 6.06%

12GLAXOSMITH 7.00 7.20 2.86% 4.35% 4.35%

12LASACO 0.37 0.36 -2.70% 2.86% 2.86%

13FLOURMILL 26.70 27.45 2.81% 5.58% 5.58%

13FCMB 3.25 3.18 -2.15% -4.50% -4.50%

14GUINNESS 18.05 18.50 2.49% -2.63% -2.63%

14TRANSCORP 0.98 0.96 -2.04% 6.67% 6.67%

15 INTBREW 6.90 7.07 2.46% 18.82% 18.82% 15 HONYFLOUR 1.22 1.20 -1.64% 0.00% 0.00%

Top 15 Traded by Volume (11-January-2021) Top 15 Traded by Value (11-January-2021)

S/n Company High Low Close Volume S/n Company High Low Close Value (N)

1 MBENEFIT 0.3 0.28 0.300001 104,162,853.00 1 OKOMUOIL 93 93 93 462,837,348.00

2 MANSARD 1.3 1.13 1.15 26,342,225.00 2 ZENITHBANK 25.9 25.65 25.85 344,698,650.75

3 WAPCO 22.35 22.05 22.3 14,383,138.00 3 WAPCO 22.35 22.05 22.3 320,536,549.10

4 FIDELITYBK 2.73 2.64 2.68 13,381,146.00 4 GUARANTY 33.1 32.65 32.85 315,219,055.55

5 ZENITHBANK 25.9 25.65 25.85 13,360,081.00 5 UBA 8.9 8.8 8.9 106,443,287.55

6 UBA 8.9 8.8 8.9 12,053,590.00 6 DANGCEM - - 225 104,400,396.40

7 OANDO 3.7 3.45 3.7 11,814,612.00 7 ACCESS 9.15 8.9 9.1 80,459,639.85

8 FCMB 3.25 3.15 3.18 10,450,825.00 8 FLOURMILL 27.45 27 27.45 57,360,230.00

9 JAPAULGOLD 1.06 1.06 1.06 9,884,780.00 9 FBNH 7.45 7.35 7.4 57,050,565.75

10 GUARANTY 33.1 32.65 32.85 9,585,553.00 10 BUACEMENT - - 80 50,343,179.15

11 WAPIC 0.46 0.44 0.45 9,161,138.00 11 OANDO 3.7 3.45 3.7 42,211,659.31

12 ACCESS 9.15 8.9 9.1 8,885,574.00 12 DANGSUGAR 19.35 19.25 19.35 41,062,150.90

13 FBNH 7.45 7.35 7.4 7,708,704.00 13 FIDELITYBK 2.73 2.64 2.68 36,058,700.62

15 OKOMUOIL 93 93 93 4,976,917.00 15 MBENEFIT 0.3 0.28 0.300001 31,036,855.89

Total 256,151,136 Total 2,049,718,269

Corporate Disclosures

S/n Company Click on the headline to read full disclosure

1 Skyway Aviation Handling Company PlcSKYWAY AVIATION HANDLING COMPANY PLC - NOTICE OF BOARD MEETING (BM)

2 Okomu Oil Palm Plc. OKOMU OIL PALM PLC - NOTICE OF BOARD MEETING (BM)

3 Dangote Cement PlcDANGOTE CEMENT PLC-SHARE BUY BACK TRANCHE 1 COMPLETION ANNOUNCEMENT

4 Okomu Oil Palm Plc. OKOMU OIL PALM PLC.-NOTIFICATION OF CLOSED PERIOD

5 Neimeth International Pharmaceuticals PlcNEIMETH INTERNATIONAL PHARMACEUTICALS PLC - NOTICE OF BOARD MEETING (BM)

6 NPF Microfinance Bank Plc NPF MICROFINANCE BANK PLC - NOTICE OF BOARD MEETING (BM)

7 Champion Breweries Plc. CHAMPION BREW. PLC.- DIRECTORS DEALINGS

8 Cutix Plc. CUTIX PLC.- EARNINGS FORECAST

9 Nigerian Aviation Handling Company PlcNIGERIAN AVIATION HANDLING COMPANY PLC - NOTICE OF BOARD MEETING (BM)

http://www.nse.com.ng/Financial_NewsDocs/32138_SKYWAY_AVIATION_HANDLING_COMPANY_PLC%20_NOTICES_OF_BOARD.pdfhttp://www.nse.com.ng/Financial_NewsDocs/32137_OKOMU_OIL_PALM_PLC%20_NOTICES_OF_BOARD_MEETING_(BM)_%20_N.pdfhttp://www.nse.com.ng/Financial_NewsDocs/32136_DANGOTE_CEMENT_PLC%20SHARE_BUY_BACK_TRANCHE_1_COMPLETION.pdfhttp://www.nse.com.ng/Financial_NewsDocs/32135_OKOMU_OIL_PALM_PLC%20NOTIFICATION_OF_CLOSED_PERIOD_CORP.pdfhttp://www.nse.com.ng/Financial_NewsDocs/32134_NEIMETH_INTERNATIONAL_PHARMACEUTICALS_PLC%20_NOTICES_OF_.pdfhttp://www.nse.com.ng/Financial_NewsDocs/32133_NPF_MICROFINANCE_BANK_PLC%20_NOTICES_OF_BOARD_MEETING_(B.pdfhttp://www.nse.com.ng/Financial_NewsDocs/37_CHAMPION_BREWERIES_PLC_NOTIFICATION_OF_SHARE_DEALING.pdfhttp://www.nse.com.ng/Financial_NewsDocs/48_Cutix_Plc_-_Fourth_Quarter_Forecast.pdfhttp://www.nse.com.ng/Financial_NewsDocs/32132_NIGERIAN_AVIATION_HANDLING_COMPANY_PLC%20_NOTICES_OF_BOA.pdf

The January Effect? – January in the Nigerian equities market in the last 9 years 1 2012 2013 2014 2015 2016 2017 2018 2019 2020

1 N.T N.T N.T N.T N.T N.T N.T N.T N.T2 -0.49% 1.50% -0.24% N.T N.T N.T 0.06% -1.15% 0.10%3 -0.01% -0.21% 0.54% N.T N.T -0.96% -0.20% -0.96% 0.38%4 -0.17% 0.08% N.T N.T -0.95% -0.46% 1.28% -0.43% N.T

5 0.11% N.T N.T -2.06% -0.95% -1.07% 0.64% N.T N.T

6 0.33% N.T 0.14% -4.19% -3.28% 0.15% N.T N.T 1.38%7 N.T 1.84% 0.72% -4.17% 0.31% N.T N.T -0.78% 0.90%8 N.T 0.36% 0.06% -2.40% -0.87% N.T 2.38% -1.20% 3.54%9 0.37% -0.46% -1.12% -0.91% N.T 1.25% 1.29% -2.33% 2.92%

10 0.50% -0.90% 0.28% N.T N.T -0.88% 3.60% 0.62% 0.07%11 -0.13% 1.76% N.T N.T -2.51% 0.15% 2.93% 1.06% N.T12 0.02% N.T N.T 0.30% -1.20% -0.21% -0.33% N.T N.T13 -0.21% N.T -0.10% -1.14% -3.58% -0.02% N.T N.T 0.74%14 N.T 0.37% N.T -3.84% -3.44% N.T N.T 0.45% -1.18%15 N.T 1.29% 0.41% 0.25% -2.99% N.T 0.51% 0.00% -0.75%16 -0.08% 1.37% 0.31% 0.77% N.T 0.18% 2.17% 1.65% 1.00%17 1.19% 0.77% 0.03% N.T N.T -0.36% 1.89% 0.40% 0.91%18 -0.35% 1.99% N.T N.T -4.10% -0.13% -0.08% 1.38% N.T19 -0.40% N.T N.T 2.55% -0.42% -0.17% 0.54% N.T N.T20 -0.44% N.T -0.67% 0.15% 3.91% 0.08% N.T N.T 0.31%21 N.T -0.27% 1.11% -0.20% 1.51% N.T N.T -0.88% -0.83%22 N.T 0.46% -1.10% -0.24% 0.59% N.T -0.40% 0.01% -0.02%23 -0.66% 1.49% 1.18% 0.42% N.T 0.03% -1.16% 0.46% 0.45%24 -0.41% N.T -0.10% N.T N.T -0.05% -0.96% 0.36% 0.13%25 0.13% 0.44% N.T N.T 0.58% 0.09% -0.99% 1.41% N.T

26 0.84% N.T N.T -0.11% -0.55% 0.19% 0.56% N.T N.T

27 0.46% N.T -0.64% 0.27% -2.09% 0.15% N.T N.T -0.26%28 N.T -0.34% -1.11% 0.16% 1.14% N.T N.T -0.26% -0.59%29 N.T 0.31% -0.97% -0.89% 1.34% N.T 1.22% -0.53% -0.91%30 -0.77% 0.77% -0.47% -0.27% N.T -0.42% 0.42% -0.11% -0.28%

31 0.70% 0.12% -0.07% N.T N.T -0.69% -0.34% -1.89% -0.64%

o Out of 191 days of trade in January inthe last 9 years, the market closed ingreen in 98 (51%) days and red for 93(49%) days.

o January has shown more mixedsentiments than the popular JanuaryEffect factor in the last 9 years.

o Though the Bulls have set the ballrolling this year, definitely the Bearswill have their days.

o We recommend cautious trading, don’trun after prices, prices will come to youin time.

o We have a buy rating on the shares ofGTB, Zenith, UBA and FBNH but not attheir current prices - (4th January: N33.5,N8.85, N25.7 and N7.85 respectively)

o We believe those stocks will still beavailable at 10% below their currentprices at some point in January.

Key Facts

Gain

LossN.T No Trade

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