AGAIN: MTNN and DANGCEM push NSE-ASI back to 30 thousand mark
Activities on the Nigeria bourse extended its positive rally after today’s transactions, helped by price appreciation in MTNN and DANGCEM stocks. Industrial Goods, Banking and Oil&Gas sector also recorded positive sentiment. However, market breadth closed negative, recording 16 gainers and 20 losers.
NSE Trading Floor
The All Share Index (ASI) gained 844.74 absolute points, representing a growth of 2.88% to close at 30,218.14 points. Similarly, Market Capitalization grew by N372.07 billion, representing an increase of 2.88% to close at N13.31 trillion.
MTNN emerged the top gainer while LIVESTOCK emerged as top loser.
The uptrend was impacted by gains recorded in large and medium capitalized stocks, amongst which are; MTNN (+9.98%), FO (+8.82%), ETERNA (+6.67%), DANGCEM (+3.93%), GUARANTY (+2.96%), TRANSCORP (+2.42%), and CCNN (+0.72%).
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MARKET STATISTICS
| CAP | N13,309,689,524,443.74 | One Day (ASI CHG) | +2.88% |
| Index | 30,218.14 | One Week (ASI CHG) | +6.32% |
| Volume | 335,599,980 | One Month (ASI CHG) | +0.44% |
| Value | N17,185,526,230.96 | Six Months (ASI CHG) | -5.48% |
| Deals | 4,453 | 52 Weeks (ASI CHG) | -25.25% |
| Gainers | 16 | Losers | 20 |
| Unchanged | 73 | Total | 109 |
| YTD Returns | -3.86% |
Source: NSE, GTI Research
FOREIGN EXCHANGE
The Naira exchange rate at the official window remain unchanged to close at N306.90/$1, against yesterday’s position.
The Investors and Exporters (I&E) FX window opened at N360.40, traded high at N365.50 and eventually closed at N360.42 representing a 0.08% appreciation as against yesterday’s closing position. A total of $84.08 million was transacted through the I&E window today.
MONEY MARKET
Overnight(O/N) rate closed at 5.29%, representing a 0.43% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 4.57%, representing a 0.43% depreciation against yesterday’s closing position.
| FIXED INCOME | |||
| Securities | P. Close | Close | Change |
| Bond | 943.04 | 948.67 | +5.63 bps |
| T.Bills | 520.10 | 515.25 | -4.85 bps |
| Note: BPS=> Basis Points |
Source: FMDQ, GTI Research
NASD OTC MARKET
The NASD market extended its bearish run as the Unlisted Securities Index (USI) dipped by 1.28% to close at 749.08 points against yesterday’s index. Similarly, Market Capitalization declined by N6.98 billion to close at N538.16 billion. Market activities measured by aggregate volume and value declined by 84.00% and 78.17% respectively. Investors traded a total of 17,668 units of shares valued at N2.86 million in 7 deals.
Two securities were traded on the OTC Platform today, which are SDFCWAMCO and SDNIPCOPLC
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Sector Performance
| Sector | % Change |
| NSE30 | 1.04 |
| BANKING | 0.94 |
| CONSUMER GOODS | -0.33 |
| INDUSTRIAL | 2.08 |
| INSURANCE | 0.00 |
| LOTUS ISLAMIC | 1.04 |
| OIL/GAS | 0.53 |
Top 7 Gainers
| Company | Pclose | Open | Close | Change | % Change |
| MTNN | 119.75 | 119.75 | 131.70 | 11.95 | 9.98 |
| AFRIPRUD | 3.60 | 3.60 | 3.94 | 0.34 | 9.44 |
| THOMASWY | 0.34 | 0.34 | 0.37 | 0.03 | 8.82 |
| FO | 25.55 | 25.55 | 27.80 | 2.25 | 8.81 |
| COURTVILLE | 0.23 | 0.23 | 0.25 | 0.02 | 8.70 |
| ETERNA | 3.75 | 3.75 | 4.00 | 0.25 | 6.67 |
| UBN | 6.80 | 6.80 | 7.10 | 0.30 | 4.41 |
Top 7 Losers
| Company | Pclose | Open | Close | Change | % Change |
| LIVESTOCK | 0.70 | 0.70 | 0.63 | -0.07 | -10.00 |
| JULI | 1.67 | 1.67 | 1.51 | -0.16 | -9.58 |
| AFROMEDIA | 0.45 | 0.45 | 0.41 | -0.04 | -8.89 |
| CUSTODIAN | 6.50 | 6.50 | 6.00 | -0.50 | -7.69 |
| CUTIX | 1.77 | 1.77 | 1.65 | -0.12 | -6.78 |
| GLAXOSMITH | 9.00 | 9.00 | 8.50 | -0.50 | -5.56 |
| AIICO | 0.69 | 0.69 | 0.66 | -0.03 | -4.35 |
Top 7 Traders By Volume
| Company | Volume | Value(₦) | Current Price |
| MTNN | 110,718,889 | 14,581,677,681 | 131.70 |
| FBNH | 31,437,203 | 219,403,824 | 6.90 |
| STERLNBANK | 26,132,372 | 60,161,541 | 2.30 |
| GUARANTY | 23,861,378 | 743,508,958 | 31.30 |
| TRANSCORP | 21,175,309 | 26,188,300 | 1.27 |
| ZENITHBANK | 19,481,185 | 382,509,443 | 19.50 |
| UBA | 16,321,365 | 97,632,781 | 5.95 |
Top 7 Traders By Value
| Company | Volume | Value(₦) | Current Price |
| MTNN | 110,718,889 | 14,581,677,681.30 | 131.70 |
| GUARANTY | 23,861,378 | 743,508,958.25 | 31.30 |
| DANGCEM | 3,408,312 | 621,516,464.60 | 185.00 |
| ZENITHBANK | 19,481,185 | 382,509,443.40 | 19.50 |
| FBNH | 31,437,203 | 219,403,823.70 | 6.90 |
| UBA | 16,321,365 | 97,632,781.25 | 5.95 |
| ACCESS | 15,671,521 | 95,222,312.45 | 6.00 |
