Bellwether stocks sustains equity market upturn

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The Nigerian equity market on Thursday sustained previous day’s upturn, following price appreciation in some bellwether stocks. Consequently, the market breadth closed positively, recording 18 gainers as against 14 losers.

 

NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 183.48 absolute points, representing a growth of 0.77% to close at 23,892.92 points. However, the overall Market Capitalization size gained N84.95 billion, representing a growth of 0.69% to close at N12.44 trillion.

FIDSON emerged as the top gainer while CUSTODIAN emerged as the top loser.

The uptrend was impacted by gains recorded in large and medium capitalized stocks, amongst which are; FIDSON (+9.62%), FCMB (+5.26%), NESTLE (+4.00%), FBNH (+3.13%), GUARANTY (+2.56%), ZENITHBANK (+1.99%), DANGCEM (+1.74%), UBA (+0.83%) and ETERNA (+0.39%).

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MARKET STATISTICS

CAP N12,441,195,030,065.79 One Day (ASI CHG) +0.77%
Index 23,892.92 One Week (ASI CHG) -1.89%
Volume 182,740,028 One Month (ASI CHG) +9.20%
Value N2,328,660,751.00 Six Months (ASI CHG) -10.99%
Deals 4,542 52 Weeks (ASI CHG) -15.94%
Gainers 18 Losers 14
Unchanged 61 Total 93
-10.99%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Thursday closed unchanged at 361.00/$1, against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N385.83, traded high at N389.99 and eventually closed at N386.58, representing a 0.09% appreciation as against yesterday’s closing position. A total of $17.00 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 4.40%, representing a 3.23% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 3.60%, representing a 3.40% depreciation against yesterday’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 499.51 498.28 -1.23 bps
T.Bills 374.25 355.09 -19.16 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

The NASD OTC market today remains unchanged as the Unlisted Securities Index (USI) closed at 688.51,  as against yesterday’s closing position. Similarly, Market Capitalization closed at N505.76 billion. Both the aggregate volume increased by 20.80% and 14,670.91% respectively, as investors traded a total of 15,100 shares, worth N4.06 million in 2 deal.

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Top 7 Gainers

Company Pclose Open Close Change % Change
FIDSON 2.39 2.39 2.62 0.23 9.62
NPFMCRFBK 1.48 1.48 1.62 0.14 9.46
MAYBAKER 2.94 2.94 3.11 0.17 5.78
FCMB 1.71 1.71 1.80 0.09 5.26
REGALINS 0.20 0.20 0.21 0.01 5.00
CAVERTON [BLS] 2.43 2.43 2.55 0.12 4.94
NESTLE 1000.00 1000.00 1040.00 40.00 4.00

Top 7 Losers

Company Pclose Open Close Change % Change
CUSTODIAN 6.30 6.30 5.70 -0.60 -9.52
UNITYBNK 0.48 0.48 0.44 -0.04 -8.33
AIICO 0.93 0.93 0.86 -0.07 -7.53
NEM 2.16 2.16 2.00 -0.16 -7.41
LINKASSURE 0.44 0.44 0.41 -0.03 -6.82
INTBREW 5.00 5.00 4.80 -0.20 -4.00
UAC-PROP 0.83 0.83 0.80 -0.03 -3.61

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
ZENITHBANK                             27,280,382                       413,341,623 15.40
GUARANTY                             24,616,310                       540,709,788 22.00
FBNH                             18,842,075                         92,815,051 4.95
CUSTODIAN                             15,219,224                         95,395,601 5.70
FIDSON                             11,408,553                         27,235,423 2.62
AIICO                               8,581,062                           7,506,645 0.86
REGALINS                               8,566,500                           1,738,300 0.21

Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                             24,616,310                  540,709,787.60 22.00
NESTLE                                  427,883                  445,225,820.40 1040.00
ZENITHBANK                             27,280,382                  413,341,623.35 15.40
DANGCEM                               2,402,875                  345,981,822.40 146.00
CUSTODIAN                             15,219,224                    95,395,601.00 5.70
FBNH                             18,842,075                    92,815,051.10 4.95
MTNN                                  746,136                    82,579,378.30 110.00

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