Wole Olajide, ACS
The stock market on Monday, June 2nd 2025 closed on a positive note with 0.25% growth. Year to date, the market has returned 8.83% with the All Share Index and Market Capitalisation of 112,015.95 points and N70.64 trillion.
The Top 5 gainers at the close of trade on Monday are Multiverse (9.87%), Livestock Feeds (9.57%), LASACO (8.11%), NEIMETH (8.06%) and Royal Exchange (7.50%).
MULTIVERSE
Multiverse grew its share price 9.87% closing at N8.35 from the previous close of N7.60. It has touched a high of N12.35 and a low of N4.60 in the past 52 weeks.
Multiverse is trading 32.4% away from its 52 weeks high of N12.35. This infers an uptrend potential of over 30% for Multiverse.
FY 2025 report of the Company was impressive with growth in revenue and profit after tax year on year. Although the Q1 2025 shows significant drop in the Company’s top line and bottom line figures.
Multiverse is good for speculation with uptrend potential of over 30% relative to its 52-weeks high.
Going by Fundamentals, the stock is overpriced as its Book Value N2.75 is less than its current market price of N8.35.
LIVESTOCK FEEDS
Livestock Feeds closed at N10.30 on Monday, up by 9.57% from the previous close of N9.40. It has touched a high of N10.83 and a low of N1.70 in the past 52 weeks. It is trading close to its year high of N10.83.
FY 2024 report shows significant growth in PAT (profit after tax) from loss after tax of N230 million to profit after tax of N1.93 billion. Although Q1 2025 profit after tax of the Company dropped by 78.9% to N38.2 million from N181 million.
With FY 2024 EPS of 64 kobo, Livestock Feeds has a P/E ratio of 16.1x with Earnings yield of 6.2%.
It’s Book Value of N1.14 relative to the current market price of N9.15 indicates that Livestock Feeds is OVERPRICED.
LASACO
The share price of LASACO on Monday closed at N2.80, up by 8.11% from the previous close of N2.59. It has touched a high of N4.09 from a low of N1.92 in the past 52 weeks.
LASACO is trading 31.54% away from its 52 weeks high of N4.09, which implies an uptrend potential for the stock based on its 52- weeks high.
NEIMETH
The share price of Neimeth grew by 8.06% on Monday to close at N3.35 from the previous close of N3.10. It has touched a high of N3.99 from a low of N1.51 in the past 52 weeks.
It is trading 16.04% away from its 52 weeks high of N3.99. This infers the stock has the potential of touching its 52 weeks.
Although the Company declared a loss of N885.3m in FY 2024.
Book Value of N0.39 relative to the current price of N3.35 implies the stock is OVERPRICED
ROYAL EXCHANGE
Royal Exchange grew its share price on Monday by 7.50% to close at N0.86 from the previous close of N0.80. It has touched a high of N1.33 from a low of N0.55 in the past 52 weeks.
It is trading 35.34% away from its 52 weeks high of N1.33, implying an uptrend potential of 35% for Royal Exchange.