AIRTELAFRI & 10 other led Nigerian stocks to reverse previous day losses, post 0.06% gain

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The Nigeria equity market today (Wednesday) closed on a positive note with a growth of 0.06%, to halt the previous day negative sentiment, following value appreciation on some bellwether stocks like AIRTELAFRI, DANGSUGAR, ACCESS and 8 other. However, the market breadth closed on a negative note, recording 15 losers as against 11 gainers.

NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 15.67 absolute points, representing a growth of 0.06% to close at 24,130.26 points. Similarly, the overall Market Capitalization size gained N8.18 billion, representing an increase of 0.07% to close at N12.59 trillion as a result of the listing of Tranzact International Plc Rights Issue of 4.67 billion Ordinary Shares of 50 Kobo Each at N1.50 Per Share on the Basis of Ten (10) New Ordinary Shares for Every Nine (9) Ordinary Shares.

SUNUASSUR emerged as the top gainer while JBERGER emerged as the top loser.

The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; DANGSUGAR (+5.17%), AIRTELAFRI (+3.44%), GUARANTY (+0.94%) and ACCESS (+0.82%).

Click here for more on NSE Daily Price List

 

MARKET STATISTICS

CAP N12,587,772,865,387.08 One Day (ASI CHG) +0.06%
Index 24,130.26 One Week (ASI CHG) -0.61%
Volume 208,209,536 One Month (ASI CHG) -3.30%
Value N1,761,737,867.93 Six Months (ASI CHG) -16.97%
Deals 3,648 52 Weeks (ASI CHG) -14.86%
Gainers 11 Losers 15
Unchanged 63 Total 89
YTD -10.10%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Wednesday closed at 381.00/$1, unchanged against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N386.50, traded high at N391.49, and eventually closed at N380.00, unchanged against the previous day’s closing position. A total of $12.91 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 10.79%, representing a 2.13% depreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 10.00%, representing a 1.83% depreciation against the previous day’s position.

 

FIXED INCOME
Securities Close P. Close Change
Bond 308.54 309.81 -1.27 bps
T.Bills 223.47 221.53 +1.94 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

 The NASD OTC market today (Wednesday) closed on a negative note, as the Unlisted Securities Index (USI) closed at 711.89, representing a 0.27% depreciation against the previous day’s closing position. Similarly, Market Capitalization shed N2.29 billion closed at N522.93 billion, representing a 0.27% depreciation against the previous day’s closing position. Consequently, the aggregate volume and value decreased by 94.47% and 60.30% respectively, as investors traded a total of 291,387 shares, worth N5.62 million in 12 deal.

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Sector Performance

Sector % Change
NSE30 -0.44
BANKING 0.37
CONSUMER GOODS -1.32
INDUSTRIAL 0.01
INSURANCE -0.89
LOTUS ISLAMIC 0.16
OIL/GAS 0.00

 

Top 7 Gainers

Company Pclose Open Close Change % Change
SUNUASSUR 0.20 0.20 0.22 0.02 10.00
CUTIX 1.69 1.69 1.82 0.13 7.69
DANGSUGAR 11.60 11.60 12.20 0.60 5.17
MBENEFIT 0.21 0.21 0.22 0.01 4.76
AIRTELAFRI 328.70 328.70 340.00 11.30 3.44
STERLNBANK 1.21 1.21 1.24 0.03 2.48
JOHNHOLT 0.51 0.51 0.52 0.01 1.96

 

Top 7 Losers

Company Pclose Open Close Change % Change
JBERGER 17.20 17.20 15.50 -1.70 -9.88
NB 34.05 34.05 30.70 -3.35 -9.84
LINKASSURE 0.51 0.51 0.46 -0.05 -9.80
WAPIC 0.33 0.33 0.30 -0.03 -9.09
CAVERTON 1.95 1.95 1.83 -0.12 -6.15
HONYFLOUR 0.97 0.91 0.92 -0.05 -5.15
STANBIC 30.25 30.25 29.00 -1.25 -4.13

 

Top 7 Traders By VolumeTop

Company Volume Value(₦) Current Price
STERLNBANK                            77,189,101                        95,713,065 1.24
UBA                            19,823,436                      119,990,871 6.05
ZENITHBANK                            15,953,234                      247,897,650 15.55
FBNH                            12,855,846                        64,970,784 5.05
FCMB                              9,343,520                        17,738,541 1.90
TRANSCORP                              9,144,418                          5,682,638 0.62
FIDELITYBK                              7,231,113                        12,418,330 1.73

 

7 Traders By Value

Company Volume Value(₦) Current Price
MTNN                              2,506,446                 296,089,592.90 115.00
ZENITHBANK                            15,953,234                 247,897,649.70 15.55
NESTLE                                 211,971                 235,207,891.90 1175.00
AIRTELAFRI                                 608,094                 206,752,128.00 340.00
GUARANTY                              7,138,900                 153,466,366.90 21.50
UBA                            19,823,436                 119,990,870.50 6.05
STERLNBANK                            77,189,101                   95,713,065.15 1.24

 

GTI

GTI is a leading Nigerian Investment Banking group with proven expertise in Financial advisory, Securities Dealing (Fixed Income and Equities), Asset management and Deal Origination. We have strong capacity in financial service delivery.

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