Bellwether Stocks Sustains Equity Market Bullish Run
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.
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%).
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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
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 |
