January Inflation: CPI maintained upward trajectory

By | Ask Shade, Research | No Comments

As anticipated, inflation for the month of January ascended by 15bps to 12.13% YoY (vs December: 11.98% YoY) and 4bps shy of our estimate of 12.09% YoY. In our monthly economic update, we highlighted that the low base from food prices would send inflation on an upward trajectory. Unsurprisingly, food inflation rose 18bps to 14.85% YoY, accounting for bulk of the uptick in headline inflation, while core inflation moderately expanded by 3bps to 9.35% YoY. On the former, the pickup was anchored by 29bps and 6bps increase in farm produce and imported food to 15.35% YoY and 16.10% YoY respectively….

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Stock Recommendation for the Week, February 17

By | Ask Shade, Research | No Comments

The Nigerian equities market maintained a downward trend with the ASI, dropping by 1.11% to 27,755.9 pts, with the market capitalization closing at N14.46 trillion as investors lost N162 billion during the prior week. All sectors closed negative WoW except Cement (+0.37%) and Construction (+0.13%). The deterioration was driven by the Food (-7.27%), Brewers (-2.02%), Oil & Gas (-1.34%), Insurance (-0.94%), Telecoms (-0.53%) and Banking (-0.21%) sectors. The key losers are NESTLE (-10.00%), DANGSUGA (-4.10%), GUINNESS (-16.56%) and MTNN (-0.85%), while GTB (+1.36%), BUA CEMENT (+1.13%) and WAPCO (+1.31%) yielded positive returns. • Dangcem– STRONG BUY (FVE: N240.87): DANGCEM’s FY…

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Stock Recommendation for the Week, February 10

By | Ask Shade, Research | No Comments

Last week, the Nigerian bourse witnessed a steep decline as the ASI closed -2.69% WoW, while market capitalization lost N239 billion to close at N14.62 trillion. All sectors closed in red, save the insurance sector (+0.15%). The decline was anchored by the Breweries (-5.62%), Cement (-4.94%), Banking (-2.26%), Oil & Gas (-5.74%), and Telecom (-1.48%) sectors. On stock performance, FBNH (-8.40%), ZENITH (-5.04%), NB (-6.36%), INTBREW (-5.56%), DANGCEM (-5.50%), BUACEMENT (-4.32%) and MTNN (-2.17%) yielded negative returns amongst other stocks. • Dangcem– STRONG BUY (FVE: N240.87): DANGCEM’s FY 19 earnings is expected to be pressured (EPS: N14, vs N22 in…

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Stock Recommendation for the Week, February 03

By | Ask Shade, Research | No Comments

For the first time this year, the equity market closed the prior week on a negative note with the NSE ASI declining by 2.65% to 28,843.53 index points. Loses were observed in the Banking (-6.13%), Cement (-0.90%), Telecom (-2.96%), Personal Care (-13.72%), Food (-0.50%), Oil & Gas (-2.58), and Real Estate (-0.14%) sectors. On the other hand, gains were seen across only the Brewers (4.89%), Construction (2.64%) and Insurance (0.54%) sectors. Major drivers for the week decline were stocks such as; FBNH (-10.27% WoW), STANBIC (-10% WoW), BUACEMENT (-2.12% WoW) and MTNN (-4.32% WoW). • Dangcem– STRONG BUY (FVE: N240.87):…

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ASK SHADE: Help! My husband buys assets in his name alone

By | Ask Shade | No Comments

Dear Shade, My husband wants me to include his name on the documents of the properties I bought before we got married. I refused to. Now, he buys assets in his name only saying I started it first. What do I do? Should I ignore him? Or would you advise me to start buying my own assets in my name only or heed to his request for peace to reign? I’m confused. Joy from Jos. Dear Joy, I appreciate you reaching out to me on this rather personal and sensitive subject. Couples are at liberty to purchase property either individually…

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5 life facts to remember

By | Ask Shade, Uncategorized | No Comments

Life is an adventure that is meant to be lived and enjoyed! Yet, there are many dos and don’ts peddled around as a manual to life but there are a few pointers about life that we’ll like to reiterate even as you begin the journey of a fresh year and decade. Here we go… Life is for the living The pressures of life and the high demands we place on ourselves often force us to worry too much that we stress and burn out fast. The moment you truly understand that only those who are alive get to enjoy life,…

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4 reasons to get a life insurance policy

By | Ask Shade, Living Benefits Show | No Comments

The topic of getting life insurance is one you may not want to talk about. But because it is important that you ensure the financial security of people that depend on you, it is worth dealing with. First, let us break down why you need one. If you’re a breadwinner, you need a life insurance Let’s be real, if you are the main financial backbone in your family and anything happens to you, your partner, children and anybody else that depends on you, will probably suffer financially. This is one of the major reasons people get life cover; to ensure…

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2020 expenses: Which has your name on it?

By | Ask Shade, Uncategorized | No Comments

Some things remain constant with each year while some new situations welcome themselves regardless of our level of preparedness. Here are some things that will likely gulp your money in 2020 apart from your daily home expenses. School fees – If you’re a parent, you must know that you will pay school fees thrice this year. The last one in September being of a bigger sum because your child will be entering a new class which will demand some financial responsibilities. Start now to plan and save for it. Valentine’s Day – February still has 14th on it and the…

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Stock Recommendation for the Week, January 13

By | Ask Shade, Research | No Comments

The bullish sentiments continued last week as the NSE ASI gained 9.07% WoW to close at 29,415.39pts while market capitalization advanced significantly by N2.2 trillion. The boost in market capitalization was largely fuelled by the listing of BUA Cement Plc on the NSE. Precisely, it listed 33.86 billion ordinary shares at N35 per share, making it the third largest company on the bourse. On sectoral performance, gains were seen across Cement (+20.59%), Banking (+8.58%), Telecom (+4.37%), Food (+1.59%) and insurance (+0.47%) transcending losses in the Brewers (-0.17%), Personal care (-5.21%) and Oil & Gas (-0.44%) segments. A further probe revealed…

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6 Life-saving Tips for Harmattan

By | Ask Shade, Christmas, Life Bits | No Comments

Yaay! It’s January, that time of the year that always comes with the joy of giving, bright lights, shiny presents, and loads of food. It is also a time that comes with cold, dry winds, haziness and a lot of dust. Harmattan is coming and these are six life-saving tips to help you stay productive and healthy regardless of the season. WOOL FOR THE WIN It is always cold during harmattan and to protect yourself from the cold, you should wear more wool-based cloths as against cotton which is common and mostly suitable for other seasons. BUILD YOUR IMMUNE SYSTEM…

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