Good morning and welcome to this week’s bulls and bears. This is a weekly thread looking at the NGX and US equity space. If you have any questions, you can tweet at me or send an email to info@greentickertales.com
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NGX last week
The All Share Index gained 1.37%. The index measures the average performance of stocks on the exchange.
2,944,772,083 Stanbic IBTC shares were on Wednesday, 25 June 2025, listed on the Daily Official List of Nigerian Exchange Limited (NGX).
Neimeth International Pharmaceuticals led last week’s gainers. The stock appreciated by 60.54% opening at N3.70 and closing at N5.94, up 60.54%.
Multiverse resources led last week’s losers. The stock declined 9.33% opening at N9.65 and closing at N8.75, down N0.90 or 9.33%.
AXA Mansard was marked down by N0.45 and ex dividend price was N9.55.
Trading in the top three equities namely Fidelity Bank Plc, Access Holdings Plc and Zenith Bank Plc (measured by volume) accounted for 864.681 million shares worth N25.955 billion in 15,136 deals, contributing 22.16% and 25.39% to the total equity turnover volume and value respectively.
The additional shares arose from the Company’s Rights Issue of 2,944,772,083 ordinary shares of 50 Kobo each at N50.50 per share on the basis of five (5) new shares for every existing twenty-two (22) ordinary shares held as at close of business on Tuesday, 29 October 2024.
With the listing of the additional 2,944,772,083 ordinary shares, the total issued and fully paid-up shares of Stanbic IBTC Holdings Plc has now increased from 12,956,997,163 to 15,901,769,246 ordinary shares of 50 Kobo each.
Julius Berger FY 25 investors forum
Key takeaways for me where
The firm is evaluating other west african countries. Targeting countries with stable currencies and robust infrastructure need . Diversifying to mitigate single country risk.
50% of employees took at least one learning/development programme.
Investing in fuel distribution and monitoring system that monitors fuel usage 247.
Cashew prices are still too volatile for the plant operations. Accessing strategic options. will optimize to maximize shareholder value.
Expects profit before tax to be in the same range as 2024.
Ellah Lakes will be seeking shareholder approval at an EGM holding next month to raise N250 billion in equity. Proceeds will be used for an acquisition.
What’s happening on the NGX this week?
PZ Cussons held a board meeting last week to consider FY 25 unaudited numbers. Those should be out anytime from now.
Today’s the last trading day for the month of June. So we could see portfolio traders rebalancing their portfolios.
Moving to the US
The S&P 500 index closed at an all time high of 6173.07 basis points on Friday, driven by news of the US and China reaching a trade deal.The index ended the week up 3.4%
The NASDAQ composite gained 4.3%
The Dow gained 3.4%
It was a pretty thin week in terms of earnings. Most prominent names i recall where Carnival Cruise, General Mills, Fedex and Nike.
Popped into Fedex and Nike earnings calls.
Fedex numbers came in better than analyst estimates
- Earnings per share: $6.07 adjusted vs. $5.84 expected
- Revenue: $22.22 billion vs. $21.79 billion expected
Key point for me for the Fedex call was management being able to bring down capital expenditure to an extremely low level. One of the lowest in the last few years and increasing resources to Asian trade routes. As expected, China-US volumes are soft.
Nike numbers came in better than analyst estimates.
$11 billion in revenue and 14 cents in earnings per share
Analysts were expecting $10.72 billion in revenue and 13 cents in earnings per share.
Management sounded upbeat on the call. The stock closed Friday up 15%, its best gain in 2 years.
Nvidia regained the spot of the biggest stock by market cap in the world.
What’s happening this week?
Earnings wise, its a sparse calendar.
Robinhood has a crypto event scheduled for today. If the momentum in Nvidia continues this week, it could make history by being the first company in the world to hit a N4 trillion market cap.
Labor market numbers will be out on Thursday.
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Have a good trading week ahead.
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