Banking Stocks Lead Equity Market to Close Positive

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Activities in the Nigeria equity market today witnessed positive sentiment, as market performance index (NSE-ASI) rose by 0.12% to halt previous two days losing trend. The bull win was  impacted by a 0.62% gain in the banking sector. Consequently, market breadth closed positive, recording 24 gainers against 18 losers.

NSE Trading Floor

The All Share Index (ASI) gained 34.85 absolute points, representing an increase of 0.12% to close at 29,193.42 points. Similarly, Market Capitalization increased by N13.09 billion representing a growth of 0.12% to close at N10.97 trillion.

LIVESTOCK emerged the top gainer while CUTIX emerged as the top losers.

The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; HONYFLOUR (+4.55%), TRANSCORP (+3.57%), ACCESS (+2.63%), UBA (+2.44%), ETERNA (+2.35%), ZENITHBANK (+2.23%),  FCMB (+2.17%), FBNH (+2.08%), WEMABANK (+1.45%), DANGSUGAR (+0.74%),  and DANGCEM (+0.54%).

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MARKET STATISTICS  

CAP N10,965,271,282,700.82 One Day (ASI CHG) +0.12
Index 29,193.42 One Week (ASI CHG) -3.42
Volume 481,626,004 One Month (ASI CHG) -8.55
Value N2,877,778,743.49 Six Months (ASI CHG) -9.85
Deals 3,559 52 Weeks (ASI CHG) -27.92
Gainers 24 Losers 18
Unchanged 67 Total 109
  YTD Returns -7.12  

 

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the inter-bank rate remained unchanged to close at N307.00 against yesterday’s closing position.

The Investors and Exporters (I&E) FX window opened at N360.25, traded high at N362.50 and eventually closed at N360.33, representing 0.06% appreciation against yesterday’s closing position. A total of $132.88 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 16.29%, representing an 0.07% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate also closed at 15.14%, representing an 0.29% depreciation against yesterday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 944.34 944.24 -0.10 bps
T.Bills 534.04 531.71 -2.33 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

Sector Performance  

Sector %    Change
NSE30 0.29
BANKING 0.62
CONSUMER GOODS -0.44
INDUSTRIAL -1.25
INSURANCE -0.62
LOTUS ISLAMIC -0.74
OIL/GAS 0.00

  Top 7 Gainers       

Company Pclose Open Close Change % Change
LIVESTOCK 0.50 0.50 0.55 0.05 10.00
CUSTODIAN 6.10 6.10 6.70 0.60 9.84
LEARNAFRCA 1.34 1.34 1.46 0.12 8.96
TRANSEXPR 0.69 0.69 0.75 0.06 8.70
NPFMCRFBK 1.36 1.36 1.47 0.11 8.09
LAWUNION 0.51 0.51 0.54 0.03 5.88
MAYBAKER 2.38 2.38 2.50 0.12 5.04

 Top 7 Losers      

Company Pclose Open Close Change % Change
CUTIX 1.80 1.80 1.62 -0.18 -10.00
GLAXOSMITH 9.50 9.50 8.55 -0.95 -10.00
PZ 9.80 9.80 8.85 -0.95 -9.69
IKEJAHOTEL 2.26 2.26 2.05 -0.21 -9.29
ROYALEX 0.29 0.29 0.27 -0.02 -6.90
CCNN 17.00 17.00 16.00 -1.00 -5.88
DANGFLOUR 8.50 8.50 8.00 -0.50 -5.88

   Top 7 Traders By Volume      

Company Volume Value(₦) Current Price
TRANSCORP                           174,548,567                       200,609,004 1.16
STERLNBANK                             48,808,587                       126,902,655 2.60
ACCESS                             37,561,279                       220,107,805 5.85
GUARANTY                             22,888,777                       758,508,534 33.55
FBNH                             22,217,042                       163,147,576 7.35
CHAMS                             20,944,982                           6,105,268 0.28
UBA                             19,569,979                       120,193,779 6.30

    Top 7 Traders By Value     

Company Volume Value(₦) Current Price
GUARANTY                             22,888,777                  758,508,533.90 33.55
ZENITHBANK                             11,672,261                  240,468,683.55 20.60
ACCESS                             37,561,279                  220,107,804.50 5.85
DANGCEM                               1,149,467                  213,128,078.70 186.00
TRANSCORP                           174,548,567                  200,609,003.80 1.16
FBNH                             22,217,042                  163,147,575.70 7.35
STERLNBANK                             48,808,587                  126,902,655.00 2.60

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