Monday, July 4, 2022
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Parthian Securities reviews market dynamics  

Four months after the maiden edition of its free investment clinic tagged ‘Bears & Bulls Series,’ Parthian Securities held another session last week, with the theme: “Equities, Bonds & Bills: first quarter review and first half expectations.” 

The session reviewed market performance in the fixed income and equities market for first quarter of 2022 in line with projections made by the research team during the maiden edition and also discussed the outlook for the first half of 2022. 

Speaking during the virtual session, Parthian Securities’ Head of Investment Research, Oluwaseun Dosunmu commented on the predictions made by the team at the beginning of the year. “The first session we had at the start of this year was quite insightful. We made some predictions for 2022 which have already played out well in first quarter. The market moved in shocking directions just as we had predicted, and 90 per cent of the stocks we recommended are currently among the top-performing stocks in the market. 

Notable among these stocks are Guinness, Seplat, Presco, Airtel Africa, and United Capital. Guinness increased significantly to 168 per cent – its share price moved up from N39 at the start of the year to its current N88.45. Also, Seplat Petroleum Development Company rose by 68 per cent – its share price increased from N650 at the start of the year to its current price of N1,000, among others,” he stated. 

On the equity market review for the first quarter of 2022, the presentation showed a positive market performance in first quarter despite prevailing uncertainties. According to Oluwaseun Dosunmu who was also a speaker at the April 2022 Bears and Bulls Series, “Every pre-election year, investors become wary and cautious of investing in the market. However, things have been moving in the opposite direction this year and the market performance has been impressive. Among the key drivers of this movement are: – Year start rally due to BUA listing on the NGX; investors’ reaction to companies’ full-year earnings and dividend declarations; predominance of domestic players over foreign players in the market and low yields in the fixed income market which forced investors to consider more profitable securities in the equity market.” 

Stocks to watch by sector for the first half (first half of 2022) include Oil & Gas – Seplat; Telecom -MTNN, Airtel; Commodities – Okumu, Presco; Building & Construction – Dangote, Lafarge.

In keeping with its commitment to make investment opportunities accessible for every Nigerian, Parthian Securities organizes a monthly Investment Clinic tagged the ‘Bears & Bulls Series’ to empower people with the vital knowledge and resources to help them ace their investment goals and make valuable gains.

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