Banking Stocks Push Equity Market Higher, Gains 0.28%

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The Equity Market closed higher today, gaining 0.28% due to positive sentiment in banking stocks. The upturn was impacted by gains recorded in medium and large capitalized stocks among which are FBNH, Zenith bank and 21 others. AIICO insurance emerged top gainer. Market breadth closed positive recording 23 gainers against 18 losers.

NSE Trading Floor

In summary, the All Share Index (ASI) was up by 96.18 absolute points, representing an increase of 0.28%, closing at 34,933.68 points. Similarly, the Market Capitalization was up by N35.11 billion, representing an increase of 0.28%, closing at N12.75 trillion.

The upturn was aided by gains recorded in medium and large capitalized stocks, amongst which are;  OANDO (+4.00%), FBNH (+3.39%), ZENITHBANK(+2.58%), UBA (+1.90%), GUARANTY (+1.51%), and FLOURMILL (+0.23%).

FOREIGN EXCHANGE

The Naira at the inter-bank rate closed at N306.20 representing a 0.02% depreciation against yesterday’s closing price.

The Investors and Exporters (I&E) FX window opened at N362.35, traded high at N364.00 and eventually closed at N362.11, representing 0.18% appreciation against yesterday’s closing price. A total of $146.49 million was transacted through the I&E window today.

We expect the FX Market to trade within existing range in the next session.

MONEY MARKET

Overnight (O/N) rate closed at 3.92%, representing a 1.50% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate  closed  at 3.08% representing a 1.33% depreciation against yesterday’s closing position.

We expect the Money Market to trade within existing range in the next session.

Sector Performance

Sector %    Change
NSE30 0.37
BANKING 1.41
CONGLOMERATE 0.70
CONSUMER GOODS -0.69
INDUSTRIAL 0.00
INSURANCE -0.33
LOTUS ISLAMIC 0.05
OIL/GAS 0.27

 

Top 7 Gainers                                                        Number of Gainers (23)

Company Pclose Open Close Change % Change
AIICO 0.90 0.90 0.99 0.09 10.00
JAIZBANK 0.45 0.45 0.49 0.04 8.89
CILEASING 2.50 2.50 2.72 0.22 8.80
DIAMONDBNK 1.15 1.15 1.25 0.10 8.70
JAPAULOIL 0.24 0.24 0.26 0.02 8.33
WAPIC 0.39 0.39 0.42 0.03 7.69
MBENEFIT 0.28 0.28 0.30 0.02 7.14

 

Top 7 Losers                                                          Number of Losers (18)

Company Pclose Open Close Change % Change
FIDSON 6.00 6.00 5.40 -0.60 -10.00
PZ 15.00 15.00 13.50 -1.50 -10.00
UNIVINSURE 0.40 0.40 0.36 -0.04 -10.00
TRIPPLEG 0.85 0.85 0.77 -0.08 -9.41
GUINEAINS 0.35 0.35 0.32 -0.03 -8.57
STDINSURE 0.38 0.38 0.35 -0.03 -7.89
UACN 12.10 12.10 11.20 -0.90 -7.44

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
UBA                       54,440,571.00                 436,025,460.70 8.05
ACCESS                       38,450,505.00                 359,442,441.90 9.35
STANBIC                       35,227,241.00              1,684,560,787.00 48.00
GUARANTY                       15,754,330.00                 576,765,931.55 37.05
AIICO                       14,311,077.00                   14,157,741.23 0.99
ZENITHBANK                         7,805,058.00                 167,792,484.50 21.90
SKYEBANK                         7,361,056.00                     4,003,357.32 0.55

 

Top Traders By Value

Company Volume Value(₦) Current Price
STANBIC                       35,227,241.00              1,684,560,787.00 48.00
GUARANTY                       15,754,330.00                 576,765,931.55 37.05
UBA                       54,440,571.00                 436,025,460.70 8.05
ACCESS                       38,450,505.00                 359,442,441.90 9.35
ZENITHBANK                         7,805,058.00                 167,792,484.50 21.90
OKOMUOIL                         1,033,415.00                   82,527,735.10 79.90
FBNH                         4,066,730.00                   36,767,596.45 9.15

 

 

 

 

 

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