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