Bellwether Stocks Sustains Equity Market Bullish Run

by · March 25, 2021

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The Nigerian Equity Market closed trading activities for today (Thursday) on a positive note, extending the previous trading gain to two consecutive days. The NSE-ASI Index and Market Capitalization grew by 0.53% following the price appreciation in most blue-chip stocks, such as MTNN, GUARANTY, WAPCO and twenty others. Consequently, the market breadth closed positively, recording 23 gainers against 12 losers.

Nigerian Stock Exchange 2

NSE Trading Floor

In summary, the All-Share Index (ASI) appreciated by 207.36 absolute points, representing an increase of 0.53% to close at 39,293.14 points. While the overall Market Capitalization value gained N108.50 billion, representing a rise of 0.53% to close at N20.56 trillion.

WAPIC emerged as the top gainer (by percentage points) with a price appreciation of +10.00%, while SOVRENINS emerged as the top loser (by percentage points) for today, with a price depreciation of -8.33%.

Today’s market gain was driven by price appreciation in large and medium capitalized stocks amongst which are; WAPIC(+10.00%), NEIMETH(+9.55%), STANBIC(+9.18%), STERLNBANK(+9.09%), AFRINSURE(+5.00%), ETI(+4.26%), FCMB(+1.71%), FIDELITYBK(+1.31%), MTNN(+1.24%), ACCESS(+1.22%), WAPCO(+1.20%) and GUARANTY(+0.48%).

Click here for more on NSE Daily Price List

 

MARKET STATISTICS

 

CAP N20,558,366,680,372.12 One Day (ASI CHG) +0.53%
Index 39,293.14 One Week (ASI CHG) +0.97%
Volume 229,417,359.00 One Month (ASI CHG) -2.31%
Value N3,780,885,627.02 Six Months (ASI CHG) +51.20%
Deals 4,016.00 52 Weeks (ASI CHG) +80,83%
Gainers 23 Losers 12
Unchanged 64 Total 99
YTD Returns -2.43%

Source: NSE, GTI Research 

 

FMDQ ABOUT

FOREIGN EXCHANGE

The Naira at the official rate remains unchanged to close at N379.00/$1 as against last Monday’s position.

The Investors and Exporters (I&E) FX window opened at N409.21 traded high at N414.00 and eventually closed at N409.75, representing 0.24% appreciation against Wednesday’s position. Also, a total of $34.76 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 15.75%, representing a 1.75% depreciation against Wednesday’s position, while Open Buy-Back (OBB) rate closed at 15.50%,  representing a 2.00% depreciation as against Wednesday’s position.

Sector Performance

Security Change Percent
NSE30 0.65
NSEBNK 0.6
NSECNSMRGDS -0.24
NSEINDUSTR 0.07
NSEINS 0.81
NSELOTUSISLM 0.28
NSEOILGAS -0.05

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
WAPIC 0.5 0.5 0.55 0.05 10.00
UPDCREIT 5.1 5.1 5.6 0.5 9.80
PHARMDEKO 1.35 1.35 1.48 0.13 9.63
NEIMETH 1.78 1.78 1.95 0.17 9.55
GLAXOSMITH 6.35 6.35 6.95 0.6 9.45
UAC-PROP 0.75 0.75 0.82 0.07 9.33
STANBIC 48.45 52 52.9 4.45 9.18

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
SOVRENINS 0.24 0.22 0.22 -0.02 -8.33
NPFMCRFBK 1.94 1.94 1.8 -0.14 -7.22
PRESTIGE 0.44 0.44 0.41 -0.03 -6.82
JAPAULGOLD 0.45 0.45 0.43 -0.02 -4.44
DANGSUGAR 16.85 16.85 16.4 -0.45 -2.67
HONYFLOUR 1.2 1.2 1.17 -0.03 -2.50
MBENEFIT 0.4 0.4 0.39 -0.01 -2.50

Top 7 Traders By Value

Security  Daily Volume  Daily Value Close Price
MTNN   10,072,281.00   1,613,244,388.40 163
GUARANTY   19,275,983.00      598,971,634.45 31.15
UBN   79,566,672.00      421,699,737.35 5.3
STANBIC     6,712,413.00      354,725,474.70 52.9
ZENITHBANK   12,085,228.00      265,896,690.10 22
NESTLE           54,877.00        75,081,147.90 1375
FBNH     8,210,066.00        59,424,990.80 7.25

Top 7 Traders By Volume

Security  Daily Volume  Daily Value Close Price
UBN   79,566,672.00      421,699,737.35 5.3
GUARANTY   19,275,983.00      598,971,634.45 31.15
ZENITHBANK   12,085,228.00      265,896,690.10 22
MTNN   10,072,281.00   1,613,244,388.40 163
OANDO     9,511,612.00        31,283,284.08 3.36
FBNH     8,210,066.00        59,424,990.80 7.25
TRANSCORP     6,961,448.00           5,635,252.29 0.8

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