Banking & Insurance Sector pushed The Equity Market to record 0.61% Gain.

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The Equity Market closed the week higher, adding 0.61% to reverse previous negative sentiment. Market breadth closed positive, recording 19 gainers and 16 losers.

 

NSE Trading Floor

 

In summary, the All Share Index (ASI) was up by 193.48 absolute points, representing an increase of 0.61%, closing at 32,058.28 points. Similarly, Market Capitalization increased by N70.64 billion representing a spike of 0.61%, closing at N11.70 trillion.

MANSARD emerged the top gainer while UPL emerged the top loser.

The upturn was impacted by gainers recorded in medium and large capitalized stocks, amongst which are; MANSARD (+9.83%), GUARANTY (+8.53%), FLOURMILL (+4.24%), ZENITHBANK (+3.00%), DANGSUGAR (+2.80%), TRANSCORP (+0.85%) and UBA (+0.65%).

 

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MARKET STATISTICS

CAP N11,703,747,850,069.44 One Day (ASI CHG) +0.61
Index 32,058.28 One Week (ASI CHG) -0.44
Volume 164,263,686 One Month (ASI CHG) -2.03
Value N2,788,428,087.50 Six Months (ASI CHG) -21.80
Deals 2,272 52 Weeks (ASI CHG) -12.49
Gainers 19 Losers 16
Unchanged 63 Total 98
YTD Returns -16.19

Source: NSE, GTI Research

 

 

FOREIGN EXCHANGE

The Naira at the inter-bank rate closed the week unchanged  at N306.70 against Thursday’s closing price.

The Investors and Exporters (I&E) FX window opened at N363.60, traded high at N365.10 and eventually closed at N364.01, representing a 0.03% depreciation against Thursday’s closing price. A total of $179.10 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight (O/N) rate closed at 7.17%, representing a 0.17% depreciation against Thursday’s closing position, while Open Buy-Back (OBB) rate also closed  at 6.33% representing a 0.33% depreciation against Thursday’s closing position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 849.96 850.73 +0.77 bps
T.Bills 382.91 447.87 +64.96 bps
Note: BPS=> Basis Point

Source: FMDQ, GTI Research

 

Sector Performance

Sector %    Change
NSE30 0.79
BANKING 3.75
CONSUMER GOODS -0.36
INDUSTRIAL -0.47
INSURANCE 3.00
LOTUS ISLAMIC -0.48
OIL/GAS -0.31

 

Top 7 Gainers

Company Pclose Open Close Change % Change
MANSARD 1.73 1.73 1.9 0.17 9.83
PRESTIGE 0.51 0.51 0.56 0.05 9.80
LIVESTOCK 0.52 0.52 0.57 0.05 9.62
UNITYBNK 0.85 0.85 0.93 0.08 9.41
MEYER 0.54 0.54 0.59 0.05 9.26
NIGERINS 0.22 0.22 0.24 0.02 9.09
GUARANTY 34 34 36.9 2.90 8.53

 

Top 7 Losers

Company Pclose Open Close Change % Change
UPL 2.12 2.12 1.92 -0.20 -9.43
CILEASING 2.27 2.27 2.06 -0.21 -9.25
ETERNA 4.95 4.95 4.5 -0.45 -9.09
DIAMONDBNK 0.95 0.95 0.9 -0.05 -5.26
JAPAULOIL 0.21 0.21 0.2 -0.01 -4.76
REGALINS 0.21 0.21 0.2 -0.01 -4.76
NAHCO 3.55 3.55 3.4 -0.15 -4.23

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
GUARANTY                       47,640,833.00              1,747,468,182.55 36.9
DIAMONDBNK                       22,837,945.00                   21,149,309.25 0.9
UBA                       21,464,372.00                 167,706,225.70 7.8
FBNH                       13,335,668.00                   98,522,842.70 7.45
ACCESS                       12,338,794.00                   95,137,869.45 7.7
ZENITHBANK                         9,810,373.00                 235,250,683.20 24
FCMB                         4,940,270.00                     7,668,216.20 1.54

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                       47,640,833.00              1,747,468,182.55 36.9
ZENITHBANK                         9,810,373.00                 235,250,683.20 24
UBA                       21,464,372.00                 167,706,225.70 7.8
NESTLE                              76,481.00                 112,651,527.90 1480
FBNH                       13,335,668.00                   98,522,842.70 7.45
ACCESS                       12,338,794.00                   95,137,869.45 7.7
DANGCEM                            367,084.00                   74,643,320.60 203.5

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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