Bargain hunting on banking stock led equity market to gain 1.41%

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Activities on the Nigeria stock market extend  gaining streak to four consecutive trading days by gaining 1.41%. The increase was majorly driven by banking sector.  The market breadth closed positive, recording 32 gainers and 7 losers.

NSE Trading Floorga

The All Share Index (ASI) grew by 437.03 absolute points, representing an increase of 1.41%, to close at 31,426.63 points. Similarly, Market Capitalization grew by N43.20 billion representing an increase of 1.39%, to close at N11.72 trillion due to the formal delisting of Great Nigeria Insurance (GNI).

DIAMONDBANK & TOTAL emerged the top gainers while CHIPLC emerged the top loser.

The uptrend was impacted by gains recorded in medium and large capitalized stocks, amongst which are; DIAMONDBANK (+10.00%), TOTAL (+10.00%), FCMB (+9.69%), ACCESS (+8.33%), UBA (+6.21%), ZENITHBANK (+3.84%), TRANSCORP (+3.17%) GUARANTY (+2.68%), HONYFLOUR (+2.33%), DANGCEM (+1.04%) and UACN (+0.58%).

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MARKET STATISTICS

CAP N11,719,147,065,701.27 One Day (ASI CHG) +1.41
Index 31,426.63 One Week (ASI CHG) +1.36
Volume 417,172,419 One Month (ASI CHG) -1.69
Value N3,144,104,940.56 Six Months (ASI CHG) -13.54
Deals 3,970 52 Weeks (ASI CHG) -27.80
Gainers 32 Losers 7
Unchanged 56 Total 95
  YTD Returns -0.01  

 

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the inter-bank rate remain unchanged to close at N306.80 against yesterday’s closing price.

The Investors and Exporters (I&E) FX window opened at N362.65, traded high at N364.70 and eventually closed at N362.46, representing a 0.01% depreciation against yesterday’s closing price. A total of $175.30 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 13.00%, to remain unchanged against yesterday’s closing position, while Open Buy-Back (OBB) rate also closed at 12.08% representing a 0.25% depreciation against yesterday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 849.66 848.10 -1.56 bps
T.Bills 490.95 475.59 -15.36 bps
Note: BPS=> Basis Points

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Source: FMDQ, GTI Research 

 

Sector Performance

Sector %    Change
NSE30 1.52
BANKING 4.10
CONSUMER GOODS -0.14
INDUSTRIAL 0.49
INSURANCE -0.01
LOTUS ISLAMIC 0.62
OIL/GAS 1.68

Top 7 Gainers

Company Pclose Open Close Change % Change
DIAMONDBNK 2.10 2.10 2.31 0.21 10.00
TOTAL 195.00 195.00 214.50 19.50 10.00
CAVERTON 2.12 2.12 2.33 0.21 9.91
FCMB 1.96 1.96 2.15 0.19 9.69
WEMABANK 0.64 0.64 0.70 0.06 9.38
FIDELITYBK 2.29 2.29 2.50 0.21 9.17
NIGERINS 0.24 0.24 0.26 0.02 8.33

Top 7 Losers

Company Pclose Open Close Change % Change
CHIPLC 0.38 0.38 0.35 -0.03 -7.89
NPFMCRFBK 1.58 1.58 1.46 -0.12 -7.59
PZ 11.85 11.85 11.30 -0.55 -4.64
UAC-PROP 1.65 1.65 1.59 -0.06 -3.64
MANSARD 2.00 2.00 1.95 -0.05 -2.50
UNILEVER 37.00 37.00 36.55 -0.45 -1.22
FLOURMILL 19.60 19.60 19.50 -0.10 -0.51

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
DIAMONDBNK                        89,759,268.00                  204,819,482.39 2.31
FBNH                        64,621,009.00                  492,492,170.95 7.65
ACCESS                        60,506,128.00                  387,276,010.45 6.50
TRANSCORP                        36,620,498.00                    47,678,894.02 1.30
ZENITHBANK                        35,708,155.00                  805,998,747.25 23.00
FCMB                        29,824,872.00                    62,103,381.52 2.15
FIDELITYBK                        19,470,772.00                    46,645,715.41 2.50

Top 7 Traders By Value

Company Volume Value(₦) Current Price
ZENITHBANK                        35,708,155.00                  805,998,747.25 23.00
GUARANTY                        18,746,049.00                  637,901,962.55 34.50
FBNH                        64,621,009.00                  492,492,170.95 7.65
ACCESS                        60,506,128.00                  387,276,010.45 6.50
DIAMONDBNK                        89,759,268.00                  204,819,482.39 2.31
DANGCEM                             421,671.00                    81,430,832.50 194.00
FCMB                        29,824,872.00                    62,103,381.52 2.15

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