Market Intelligence

Top 5 stocks based on YTD


June 5, 2017 | 2:50 pm
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The stocks of Fist Bank Nigeria (FBN), May and Baker Nigeria Plc, Fidson healthcare Plc, United Bank for Africa (UBA), and Stanbic IBTC Holdings have gained more than their peers so far.
The Nigerian Stock Market (NSE) has been bullish since the introduction of the Investors’ or Exporter’s window by the central bank that witnessed improved liquidity in the system.
First Bank Holdings
First Bank Nigeria Holdings (FBN Holdings) is the one of the best stocks this year in terms of total returns on the Nigerian Stock Exchange (NSE). It has gained 91.64 per cent alone this year as investors continue to be sanguine about Tier 1 stocks.
 May and Baker
Since getting the World Health Organization (WHO) qualification to produce drugs in accordance with the Good Manufacturing Practice, May and Baker’s shares have become an allure to investors. It has a year to date (YTD) of 90.43 per cent, while share price closed at N1.71
Fidson Healthcare has been in a growth spurt as earnings spiked amid rising inflation, severe dollar scarcity and a weak currency.
While the drug maker has debunked the rumours of its proposed acquisition of May and Baker, such a strategic plan could attract boost investor confidence.
 The drug maker’s YTD was 76.63 percent while stock closed at N2.28.
United Bank for Africa (UBA) is one of the best stocks so far for this year among lenders. Shares have gained 85.23 per cent to date.
For the first three months through March 2017, UBA’s net income increased by 31.61 percent to N22.35 billion from N16.98 billion the previous year.
The growth at the bottom line was supported by foreign exchange income of N7.74 billion in the period under review.
The Nigerian lender is efficient while increasing profit as cost to income ratio fell to 60.68 percent in March 2017 from 63.16 percent the previous year.
Stanbic IBTC Holdings
Stanbic IBTC Holdings has been growing steadily since surmounting the obstacle caused by the Financial Reporting Council of Nigeria (FRCN). It has an YTD of 76.63 per cent. Stocks closed at N26.50. Net profit for the first three months through March surged by 106.25 per cent to N16 billion, thanks to increase in non-interest income. Its net margins of 34 per cent are one of the strongest in the industry.
The lender’s market capitalization of N265 billion eclipse First Bank Holdings’ N209.27 billion total market value.


June 5, 2017 | 2:50 pm
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