Buacement and 12 others sustains equity market growth

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The Nigeria equity market on Tuesday sustained the previous day’s positive sentiment as investors’ wealth grew by N44 billion, form gains on Buacement, Dangsugar, and 11 others. Conversely, the market breadth closed negatively, recording 13 gainers as against 22 losers.

 

NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 85.25 absolute points, representing a growth of 0.34% to close at 25,335.15 points. Similarly, the overall Market Capitalization size gained N44.44 million, representing an increase of 0.34% to close at N13.22 trillion.

MBENEFIT emerged as the top gainer while MOBIL emerged as the top loser.

The uptrend was impacted by gains recorded in large and medium capitalized stocks, amongst which are; BUACEMENT (+4.10%), DANGSUGAR (+2.75%), OANDO (+1.85%), HONYFLOUR (+1.02%), UBA (+0.74%), and VITAFOAM (+0.18%).

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MARKET STATISTICS

CAP N13,216,313,176,116.67 One Day (ASI CHG) +0.34%
Index 25,335.15 One Week (ASI CHG) -0.19%
Volume 268,740,447 One Month (ASI CHG) +4.03%
Value N1,121,080,573.20 Six Months (ASI CHG) -5.05%
Deals 4,137 52 Weeks (ASI CHG) -16.75%
Gainers 13 Losers 22
Unchanged 61 Total 96
YTD -5.61%

Source: NSE, GTI Research

FOREIGN EXCHANGE

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

The Investors and Exporters (I&E) FX window opened at N385.95, traded high at N389.75 and eventually closed at N387.08, representing 0.06% appreciation as against yesterday’s closing position. A total of $14.66 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 15.42%, to remain unchanged as against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 14.50%, to remain unchanged as against yesterday’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 496.76 484.26 -12.50 bps
T.Bills 216.54 214.43 -2.11 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

The NASD OTC market on Tuesday closed negatively to sustain the bearish sentiment to three consecutive trading sessions, as the Unlisted Securities Index (USI) decline by 0.99% closed at 682.49,  as against previous day’s closing position. Similarly, Market Capitalization lost N5 billion to closed at N501.34 billion. However, the aggregate volume and value grew by 24.62% and 495.55% respectively, as investors traded a total of 166,300 shares, worth N45.15 million in 4 deal.

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Sector Performance

Sector %    Change
NSE30 0.39
BANKING -0.20
CONSUMER GOODS 0.26
INDUSTRIAL 2.65
INSURANCE 0.40
LOTUS ISLAMIC 1.01
OIL/GAS -2.26

Top 7 Gainers

Company Pclose Open Close Change % Change
BOCGAS 4.10 4.10 4.51 0.41 10.00
MBENEFIT 0.20 0.20 0.22 0.02 10.00
ROYALEX 0.20 0.20 0.22 0.02 10.00
NEIMETH 1.94 1.94 2.13 0.19 9.79
PRESTIGE 0.64 0.64 0.70 0.06 9.38
LINKASSURE 0.48 0.48 0.50 0.02 4.17
BUACEMENT 41.50 41.50 43.20 1.70 4.10

Top 7 Losers

Company Pclose Open Close Change % Change
MOBIL 213.90 213.90 192.60 -21.30 -9.96
FIDSON 3.25 3.25 3.00 -0.25 -7.69
JAPAULOIL 0.27 0.27 0.25 -0.02 -7.41
REDSTAREX 3.81 3.81 3.56 -0.25 -6.56
JAIZBANK 0.71 0.71 0.67 -0.04 -5.63
REGALINS 0.22 0.22 0.21 -0.01 -4.55
UPL 1.25 1.25 1.20 -0.05 -4.00

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
MBENEFIT                             99,450,486                         20,864,725 0.22
FCMB                             21,890,472                         37,663,311 1.72
FBNH                             17,923,878                         96,593,118 5.35
UBA                             12,138,852                         82,216,250 6.80
CAVERTON                             10,602,800                         26,091,265 2.46
ZENITHBANK                               9,953,429                       168,163,243 16.90
JAPAULOIL                               7,835,127                           1,958,782 0.25

Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                               7,062,399                  170,439,751.75 24.05
ZENITHBANK                               9,953,429                  168,163,243.35 16.90
MTNN                                  844,056                    99,683,542.30 118.00
FBNH                             17,923,878                    96,593,118.35 5.35
UBA                             12,138,852                    82,216,249.75 6.80
NESTLE                                    60,101                    65,780,544.50 995.00
DANGCEM                                  357,439                    48,086,469.40 139.00

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