Bull extend rule as market closed the week with 0.73% gain

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The Nigeria equity market today extend positive sentiment to three consecutive trading sessions, as NSE-ASI nudged up by 0.73%. The rally was supported by price appreciation in Banking, Consumer Goods, Industrial, and Oil/Gas sector.  As such, market breadth closed positive, recording 28 gainers against 7 losers.

NSE Trading Floor

The All Share Index (ASI) gained 212.85 absolute points, representing an increase of 0.73% to close at 29,560.47 points. Similarly, Market Capitalization increased by N79.95 billion representing a growth of 0.73% to close at N11.10 trillion.

MEYER emerged the top gainers while IKEJAHOTEL emerged as the top losers.

The uptrend was impacted by gains recorded in medium and large capitalized stocks, amongst which are; DANGFLOUR (+5.00%), MOBIL (+4.04%), ACCESS (+3.48%), HONYFLOUR (+3.48%), UNILEVER (+2.94%), TRANSCORP (+2.59%), ETERNA (+2.50%), GUARANTY (+2.34%), DANGCEM (+1.61%), WEMABANK (+1.43%), DANGSUGAR (+1.11%), OANDO (+1.03%), and NESTLE (+0.41%).

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MARKET STATISTICS  

CAP N11,103,136,663,769.78 One Day (ASI CHG) +0.73
Index 29,560.47 One Week (ASI CHG) -0.19
Volume 232,773,944 One Month (ASI CHG) -5.60
Value N1,972,834,530.14 Six Months (ASI CHG) -8.92
Deals 2,677 52 Weeks (ASI CHG) -27.56
Gainers 28 Losers 7
Unchanged 71 Total 106
  YTD Returns -5.95  

 

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the inter-bank rate remained unchanged to close at N307.00 against yesterday’s closing position.

The Investors and Exporters (I&E) FX window opened at N360.27, traded high at N362.00 and eventually closed at N360.32, representing 0.05% depreciation against yesterday’s closing position. A total of $204.80 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 21.57%, representing an 11.00% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate also closed at 20.29%, representing an 10.57% depreciation against yesterday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 955.60 935.87 -19.73 bps
T.Bills 531.37 547.57 +16.20 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

Sector Performance      

Sector %    Change
NSE30 0.76
BANKING 0.97
CONSUMER GOODS 0.61
INDUSTRIAL 0.77
INSURANCE -2.79
LOTUS ISLAMIC 1.05
OIL/GAS 0.64

  Top 7 Gainers       

Company Pclose Open Close Change % Change
MEYER 0.54 0.54 0.59 0.05 9.26
REGALINS 0.23 0.23 0.25 0.02 8.70
UNITYBNK 0.73 0.73 0.79 0.06 8.22
MAYBAKER 2.50 2.50 2.70 0.20 8.00
CHAMS 0.26 0.26 0.28 0.02 7.69
DANGFLOUR 8.00 8.00 8.40 0.40 5.00
VERITASKAP 0.21 0.21 0.22 0.01 4.76

 Top 7 Losers        

Company Pclose Open Close Change % Change
IKEJAHOTEL 1.85 1.85 1.67 -0.18 -9.73
ABCTRANS 0.44 0.44 0.40 -0.04 -9.09
NEM 2.20 2.20 2.01 -0.19 -8.64
ROYALEX 0.27 0.27 0.25 -0.02 -7.41
MANSARD 2.00 2.00 1.90 -0.10 -5.00
FBNH 7.80 7.80 7.50 -0.30 -3.85
FIDELITYBK 2.00 2.00 1.99 -0.01 -0.50

   Top 7 Traders By Volume      

Company Volume Value(₦) Current Price
SOVRENINS                             47,051,144                         11,292,295 0.24
CHAMS                             32,634,297                           8,934,061 0.28
ZENITHBANK                             29,317,637                       598,783,064 20.45
FBNH                             25,078,521                       190,380,704 7.50
STERLNBANK                             17,249,979                         45,013,532 2.61
ACCESS                               9,073,083                         53,945,510 5.95
TRANSCORP                               8,374,310                           9,848,171 1.19

    Top 7 Traders By Value       

Company Volume Value(₦) Current Price
ZENITHBANK                             29,317,637                  598,783,064.00 20.45
NESTLE                                  207,604                  302,271,160.70 1456.00
GUARANTY                               7,452,784                  256,508,723.40 35.05
STANBIC                               4,766,907                  219,278,160.95 46.00
FBNH                             25,078,521                  190,380,703.95 7.50
ACCESS                               9,073,083                    53,945,510.45 5.95
DANGCEM                                  278,653                    52,430,579.00 189.00

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