Good morning and welcome to this week’s Bulls and Bears. This is a weekly thread on the NGX and US equity space. If you have any questions, please feel free to share. You can also send an email to info@greentickertales.com or use the anon link.

Kicking off with the NGX

The market opened for three trading days this week as the Federal Government declared

Monday June 9 and Thursday June 12, 2025 as Public Holidays to commemorate 2025 Eidel-Kabir and Democracy Day celebrations.

Trading in Tantalizer Plc, Access Holdings Plc and Zenith Bank accounted for 693.5 million shares worth N9.957 billion in 7,661 deals, contributing 33.72% and 19.52% to the total equity turnover volume and value respectively

The All Share Index gained 0.71%. The index measures the average performance of stocks on the exchange.

Legend Internet led last week’s gainers appreciating by 32.77%. The stock opened at N5.34 and closed at N7.09, up N1.75. 

John Holt was the worst performing stock last week. The stock declined by 18.42% opening at N7.60 and closing at N6.20, down N1.40.

IMG, Japaul and Dangote Cement were marked down.

IMG was marked down for a N0.80 dividend and 1 for 10 bonus and ex div and bonus price was N32.91

Japaul was marked down for N0.04 dividend and ex dividend price was N1.96

Dangote Cement was marked down for a N30 dividend and ex dividend price was N420

Trading in the shares of Notore Chemical Industries Plc was suspended on Wednesday, 11 June 2025. The suspension is necessary to prevent trading in the shares of the Company in preparation for its delisting.  

Etranzact’s N100 billion raise

At its 21st AGM, which will hold virtually on Thursday, 24th July 2025,   eTranzact International Plc  the company’s board of directors will be seeking approval to raise additional capital of up to  ₦100 billion through any combination of equity and/or debt financing, including Rights Issue, Private Placement, term loans, bonds or any other methods or a combination of methods on such terms and conditions as the Directors may deem fit. 

Linkage, United Capital, AIICO, MRS Oil, University Press, Geregu, NEM, Eterna, Custodian, Sterling Financial, Consolidated Hallmark, Learn Africa, Regency Alliance, STACO filed earnings forecasts.

UBA, Haldane MCcall and Aradel filed insider dealing notices.

What’s happening this week? 

There may be some sell pressure on banking stocks following the CBN circular directing all banks benefiting from credit or single obligor limit forbearance to suspend the payment of dividends, defer the payment of bonuses to directors and senior management and refrain from making investment in foreign subsidiaries or new offshore ventures.

Specific banks arent mentioned, but for anyone whos looked at banking numbers for a while, its kind of easy to guess a few. 

We could see some of the overdue insurance numbers drop during the week. 

A few other stocks worth watching here

On the macro end of things, inflation numbers for the month of May should be out at any point in time. 

Moving to the US

Indexes closed in the red 

The S&P 500 dipped 0.4%.

The NASDAQ Composite fell 0.6%

The Dow dropped 1.3%

The dip was due to a breakout of conflict between Israel and Iran

Adobe and Oracle dropped earnings and both beat analyst expectations. 

Oracle had

Earnings per share of $1.70 vs. $1.64 expected.

Revenue: $15.9 billion vs. $15.59 billion expected. 

The stock ended the week trading close to an all time high as management indicated AI demand was robust. 

Adobe had

Earnings per share of $5.06 vs $4.98 expected.

Revenue: $5.87 billion vs $5.80 billion expected

The company also raised its guidance for the year.

What’s happening this week? 

It’s a fairly uneventful one in terms of earnings, 

Lennar and Kroger will be dropping their earnings during the week. 

A few other stocks worth watching here. 

On the macro end of things, the Fed (US central bank) meets this week. Expectations are for interest rates to be left unchanged. More important are J Pow’s views about the economy. 

Israel and Iran will remain in focus as there are worries that Iran’s oil and gas facilities may face further attack from Israel, and possible disruptions in the Strait of Hormuz.

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Any questions? You can send an email to info@greentickertales.com or tweet at me : @quansimodo 

Have a great trading week ahead 


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