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May & Baker Nigeria

Buy May & Baker Nigeria stocks

May & Baker (NGX: MAYBAKER) Stocks

What is May & Baker Nigeria Plc

May & Baker Nigeria Plc is a Nigerian company that manufactures and markets a range of pharmaceuticals, vaccines, medical diagnostics, foods and consumer healthcare products for use in Nigeria.

Its pharmaceutical products include anti-diabetics, anti-infectives, anti-malaria, analgesics, cough and cold treatments, multivitamins and anxiolytics and the company also manufactures a range of Mimee noodles and Lily still water.

The history of May & Baker Nigeria Plc can be traced back to 1944 when it was founded, and it was listed on 10 November 1994.

Today, May & Baker Nigeria Plc has a diversified portfolio in more sectors of the health care value chain and renders the following services:  the manufacture, sale and distribution of human pharmaceuticals, human vaccines and consumer products. May & Baker Nigeria Plc provides pharmaceutical products for anti-diabetics, anti-hypertensive, anti-infectives, anti-malaria, analgesic, cough and cold, multivitamin and anxiolytics. Its anti-diabetic’s products are sold under Diatab and Diamet brands. Its anti-hypertensive products are sold under Cardovasc Retard and Ramitace brands.

May & Baker Nigeria Plc’s equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol MAYBAKER.

May & Baker Nigeria Plc currently serves clients in all regions of Nigeria.

May & Baker Nigeria Plc has its headquarters at 3/5 Sapara Street, Industrial Estate, P M B 21049, Lagos, Nigeria.

The current Managing Director of May & Baker Nigeria Plc is Patrick O. Ajah.

May & Baker Nigeria Plc forms part of the Biotechnology and Drugs Industry and the Health Care Sector.

 

May & Baker Nigeria Plc Stock Performance

The current price for May & Baker Nigeria Plc stocks is 4.49 Nigerian Naira (NGN). The company has a total market capitalisation of 7.75 Billion NGN with a P/E ratio of 32.07 and earnings per share of 0.14 NGN. A total of 1.73 Billion shares are outstanding.

With an increase of earnings per share and consistent profits over a period, investors who want to buy or sell May & Baker Nigeria Plc stocks can be assured of lucrative dividends and earnings in times to come.

According to an analysis on the live chart of May & Baker Nigeria Plc, analysts forecast further improved performance for the health care sector with market share growing as trading volumes increase.


Highlights of May & Baker Nigeria Plc in 2022

May & Baker Nigeria Plc started the year with a share price of 3.51 NGN, and it has gained 27.9 % in value on its price valuation, ranking 39th on the NGX where year-to-date performance is concerned.

May & Baker Nigeria Plc is currently the 70th most-traded stock on the NGX and it has experienced a total trading volume of more than 19.5 million shares, which were finalized in 1,066 deals and were valued at a total of 88.5 million NGN over three months, with an average of 309,062 shares in each trading session.

The highest volume shares traded on one single day was 3.49 million, and this was achieved on 24August.

 

How to buy May & Baker Nigeria Plc stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders’ participation daily. To buy, sell or trade May & Baker Nigeria Plc stocks, traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “MAYBAKER”.
  2. Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
  3. Review the broker’s trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. You are now ready to make your first share purchase through the broker.
  6. You can further start to build and diversify your portfolio by buying more shares.


FAQs

What is the NGX?

The Nigerian Stock Exchange (NGX), officially known as the Nigerian Exchange Group, comprises leading integrated market infrastructure in Africa that is servicing the Nigerian economy – the continent’s largest. The NGX provides capital access to companies that are seeking to gain the support of the financial markets to fund their business expansion.

Similarly, NGX offers its pool of domestic, regional, and international investors an assortment of regulated securities to in turn achieve their investment objectives.

Since March 2022, the former Nigerian Stock Exchange was demutualised from a member-owned not-for-profit entity into a shareholder-owned, profit making entity called the Nigerian Exchange Group Plc.

NGX publishes the standard, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100. The ASI tracks the general market movement of all listed equities on the Exchange, including those listed on the Growth Board, regardless of capitalisation.

Additional indices include the NGX30 and NGX50 which correspondingly track the top 30 and 50 companies in terms of market capitalisation and liquidity. Both of these indices, in which only fully paid-up common shares are admitted, are weighted by adjusted market capitalisation.

 

On which stock exchange does May & Baker Nigeria Plc have shares for sale?

May & Baker Nigeria Plc trades its equity on the Nigerian Stock Exchange (NGX) under the stock symbol MAYBAKER.

 

What type of company is May & Baker Nigeria Plc?

May & Baker Nigeria Plc is a Nigerian company that manufactures and markets a range of pharmaceuticals, vaccines, medical diagnostics, foods and consumer healthcare products.

 

In which industry and sector does May & Baker Nigeria Plc operate?

May & Baker Nigeria Plc forms part of the Biotechnology and Drugs Industry and the Health Care Sector.

 

What is the price of May & Baker Nigeria Plc shares today?

At the time of writing, the current price of May & Baker Nigeria Plc shares was 4.49 NGN.

 

Is May & Baker Nigeria Plc a good investment?

Yes, May & Baker Nigeria Plc’s forecast indicates further growth and improvement in the second half of 2022, with investors expecting lucrative dividends and returns with increased financial performance.

 

What is the risk analysis for May & Baker Nigeria Plc?

May & Baker Nigeria Plc experienced a growth of 41.20 % over the last year.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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