Share price valuation considering probable downsides and upsides for March 11, 2022

Share price valuation considering probable downsides and upsides for March 11, 2022

On the 11^th of March 2022, transactions on the Nigerian Exchange Limited (NGX) continued to rise, owing to gains in 13 valued stocks even though 5 stocks pulled back. Here’s a list of the possible drawbacks and potential upsides:

Potential upside

Flour mills Nigeria Plc headed the potential upside list, finishing at N31.50 per share, up 67.51 percent.

Nigerian Breweries Plc gained 45.09 percent, closing at N46 per share.

WAPCO Lafarge Cement Plc's share price increased by 41.98 percent, closing at N23.50 per share.

MTN Nigeria Plc share price increased by 41.72 percent, finishing at N206 per share.

Dangote Sugar Refinery Plc gained 32.26 percent, closing at N16 per share.

Guaranty Trust Holding Co. gained 29.56 percent and the share price closed at N27.

United Bank for Africa Plc gained 26.7 percent, finishing at N8.55 per share.

Dangote Cement Plc finished at N273.50 per share with a gain of 25.69 percent.

Stanbic IBTC Holding Plc made a gain of 20.67, closing with a share price of N34.50.

Zenith Bank Plc gained 12.60 percent and finished at N27 per share.

Nestle Nigeria Plc closed at N1,435 per share after gaining 10.16 percent.

Access Bank Plc finished at a share price of N10.15 following a gain of 9.36 percent.

Total Nigeria Plc was the least earner but still closed with a share price of N264.90 following a little but significant gain of 6.41 percent.

Potential Downside

Airtel Africa Plc was the biggest loser, recording a loss of 33.32 percent and share price collapsing to N1,260.

Presco Plc followed Airtel Africa Plc by losing 15.35 percent and share price dropping to N125.

Seplat Petroleum Dev. Co lost 9.88 percent and the share price fell to N990.

Okomu Oil Palm Plc closed with a share price of N140 after losing 6.14 percent.

First Bank of Nigeria Holding Plc lost less than 1 percent. This made them close with a share price of N11.55 after a loss of 0.88 percent.