The Nigerian Exchange (NGX) gained 2 percent in the week ending February 14, 2025, as the market hit a new all-time high of 109,172.04 on February 13, before declining to 108,053.95 on February 14.
During the week between February 17 and 21, what are the prospects to watch for in the market? This story will be guided by corporate actions and earnings results expected to be released this week.
- Nigerian Breweries
Following a net loss of N145 billion for the 2024 financial year, Nigerian Breweries is facing growing investor concerns. While the loss is largely attributed to N158 billion in foreign exchange losses, the company’s rising operating expenses further highlight financial strain. This substantial loss could significantly influence investor sentiment and market reactions this week.
Despite being part of the prestigious N1 trillion stock club, Nigerian Breweries may experience some volatility this week. Market players had previously relied on Guinness’ strong performance in the last quarter as an indicator of NB’s potential results. However, with NB falling short of those expectations, investor reactions are likely to unfold from Monday into Tuesday.
2. PZ Cussons
Over the weekend, PZ Cussons announced plans for a $34.3 million debt-to-equity conversion to reduce its liability to its parent group, PZ Cussons (Holdings). The proposed share price for the conversion is a discount from the PZ’s market price of N27.85.
PZ Cussons was trading for N23.60 until February 13, when there was a surge in trade volume. With the group proposing a conversion at N23.60, it remains to be seen how dealers and retail investors would react. However, it is projected that the market would react to that corporate action.
3. Honeywell Flour Mills
In 2025, Honeywell Flour Mills Plc is the best performing stock on the NGX with a 122 percent gain year-to-date. The performance of Honeywell is driven by a turnaround in its profitability profile, as the group posted an N8.75 billion net profit for the nine months ended December 31, 2024. There is rising confidence in Honeywell’s ability to post a profit at the end of the financial year, and in turn pay a dividend.
However, there’s also a possibility that profit-taking may happen this week on the stock.
4. BUA Foods
After posting a 10 percent decline last week, BUA Foods is at its lowest position in almost a year. This week, it is highly probable that BUA Foods will be on full bid given its profitability profile. Investors who want to enjoy a dividend paying stock may bid on BUA Foods, as the stock is currently trading at a cheap price.
5. MTN Nigeria
After carrying out a tariff increase last week, MTN Nigeria hit its highest share price since March 15, 2024. In 2025, MTN has gained 32.1 percent, as investors are regaining in the stock. Some analysts project that MTN may break the N300 price level before the end of February.
