Banking and two other sectors halts NSE-ASI eight days losing streak

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The Nigerian bourse on Thursday closed positively to halt eight trading sessions of profit-tank, following buy sentiment in the banking, Insurance and Oil & Gas sectors. Consequently, the market breadth closed positively, recording 20 gainers against 15 losers.

NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 46.65 absolute points, representing a growth of 0.17% to close at 28,140.41 points, However, the overall Market Capitalization size gained N26.41 billion, representing a growth of 0.18% to close at N14.50 trillion.

It is pertinent to note that the variation in the percentage gained in NSE-ASI and Market Capitalization was due to the listing of additional 2.26 billion ordianary shares of 50 kobo  each by Abbey Mortgage Bank Plc, offered by way of placement.

LAWUNION emerged as the top gainers while SKYAVN emerged as top losers.

The uptrend was impacted by gains recorded in large and medium capitalized stocks, amongst which are; FBNH (+4.35%) ACCESS (+4.28%), ETI (+4.23%), ZENITHBANK (+4.17%), UBA (+3.33%), GUARANTY (+3.09%), HONYFLOUR (+2.00%), OANDO (+0.56%), and VITAFORM (+0.19%)

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MARKET STATISTICS

CAP N14,497,294,674,910.73 One Day (ASI CHG) +0.17%
Index 28,140.41 One Week (ASI CHG) -2.44%
Volume 317,190,513.00 One Month (ASI CHG) -1.48%
Value N3,429,662,103.41 Six Months (ASI CHG) +2.61%
Deals 4,340.00 52 Weeks (ASI CHG) -10.48%
Gainers 20 Losers 15
Unchanged 57 Total 99
YTD Returns +4.84%

Source: NSE, GTI Research

 

 

FOREIGN EXCHANGE

The Naira at the official window on Thursday closed unchanged at 306.95/$1, against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N363.90, traded high at N365.35 and eventually closed at N364.17, representing a 0.10% appreciation as against yesterday’s closing position. A total of $175.71 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 7.50%, representing a 7.83% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 6.17%, representing 8.17% depreciation against yesterday’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 540.23 540.58 +0.35 bps
T.Bills 610.26 613.58 +3.32 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

NASD OTC MARKET

The NASD OTC market on Thursday remain unchanged as the Unlisted Securities Index (USI) closed at 697.86. Similarly, Market Capitalization closed unchanged at N501.73 billion, against yesterday’s position. However, the aggregate volume and value decreased by 96.78% and 96.77% respectively, as investors traded a total of 110,980 volume of shares, valued at N30.88 million in 7 deals.

NASD Daily Price List

 

Sector Performance

Sector %    Change
NSE30 0.19
BANKING 3.32
CONSUMER GOODS -0.12
INDUSTRIAL -1.87
INSURANCE 0.11
LOTUS ISLAMIC -1.02
OIL/GAS 0.07

 

Top 7 Gainers

Company Pclose Open Close Change % Change
LAWUNION 0.92 0.92 1.01 0.09 9.78
WEMABANK 0.66 0.66 0.71 0.05 7.58
NAHCO 2.60 2.60 2.79 0.19 7.31
FCMB 1.85 1.85 1.95 0.10 5.41
FIDELITYBK 2.06 2.06 2.17 0.11 5.34
COURTVILLE 0.21 0.21 0.22 0.01 4.76
FBNH 5.75 5.75 6.00 0.25 4.35

 

Top 7 Losers

Company Pclose Open Close Change % Change
SKYAVN 4.15 4.15 3.74 -0.41 -9.88
CILEASING 6.65 6.65 6.00 -0.65 -9.77
DAARCOMM 0.36 0.36 0.33 -0.03 -8.33
AFRIPRUD 4.50 4.50 4.26 -0.24 -5.33
LASACO 0.26 0.26 0.25 -0.01 -3.85
NASCON 13.50 13.50 13.00 -0.50 -3.70
CORNERST 0.56 0.56 0.54 -0.02 -3.57

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
FBNH                            57,284,508                      345,559,541 6.00
FCMB                            43,230,291                        84,168,379 1.95
ZENITHBANK                            34,293,190                      705,536,245 20.00
UBA                            24,083,945                      192,997,206 7.75
NB                            22,726,652                   1,170,508,410 51.50
TRANSCORP                            17,080,852                        16,303,408 0.97
CHAMS                            12,468,500                          3,409,143 0.29

 

Top 7 Traders By Value 

Company Volume Value(₦) Current Price
NB                            22,726,652              1,170,508,410.00 51.50
ZENITHBANK                            34,293,190                 705,536,244.55 20.00
FBNH                            57,284,508                 345,559,540.65 6.00
UBA                            24,083,945                 192,997,206.35 7.75
GUARANTY                              5,270,825                 160,239,740.55 30.00
ACCESS                            12,139,470                 118,491,495.85 9.75
DANGCEM                                 653,625                 105,697,856.80 170.00

 

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