Bull rules the Nigerian equities market for a fourth consecutive day

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The Nigerian equities market today (Wednesday) closed on a positive note, extending the gaining streak to four consecutive trading days with a  0.62% gain, following value appreciation on bellwether stocks. Consequently, the market breadth closed positively, recording 14 gainers as against 12 losers.

 

NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 140.53 absolute points, representing a growth of 0.62% to close at 22,868.40 points. Similarly, the overall Market Capitalization size increased by N73.24 billion, representing a growth of 0.62% to close at N11.92 trillion.

COURTVILLE emerged as the top gainer while ETERNA emerged as the top loser.

The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; FBNH (+3.37%), WAPCO (+2.38%), MTNN (+2.38%), UBA (+1.69%), ACCESS (+1.60%) and GUARANTY (+0.48%).

Click here for more on NSE Daily Price List

 

MARKET STATISTICS

CAP N11,917,937,756,337.01 One Day (ASI CHG) +0.62%
Index 22,868.40 One Week (ASI CHG) +0.39%
Volume 277,429,181.00 One Month (ASI CHG) +8.27%
Value N2,548,202,209.83 Six Months (ASI CHG) -13.08%
Deals 4,464.00 52 Weeks (ASI CHG) -21.58%
Gainers 14 Losers 12
Unchanged 58 Total 84
-14.80%

Source: NSE, GTI Research

FOREIGN EXCHANGE

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

The Investors and Exporters (I&E) FX window opened at N386.04, traded high at N389.90 and eventually closed at N370.00, unchanged against yesterday’s closing position. A total of $11.34 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 3.40%, representing a 8.68% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 2.70%, representing a 8.13% depreciation against yesterday’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 483.30 482.08 -1.22 bps
T.Bills 383.16 410.32 +27.16 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

The NASD OTC market on Wednesday closed unchanged as the Unlisted Securities Index (USI) closed at 694.88, against previous day’s closing position. Similarly, Market Capitalization unchanged at N510.44 billion, against the previous day’s position. However, the aggregate volume and value increased by 594.05% and 1,589.83%, as investors traded a total of 172,124 volumes of shares, valued at N48.82 million in 5 deal.

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Sector Performance

Top 7 Gainers

Company Pclose Open Close Change % Change
COURTVILLE 0.20 0.20 0.22 0.02 10.00
VITAFOAM 4.51 4.51 4.96 0.45 9.98
ARDOVA 9.55 9.55 10.50 0.95 9.95
UACN 6.20 6.20 6.80 0.60 9.68
AIICO 0.80 0.80 0.85 0.05 6.25
INTBREW 4.60 4.60 4.80 0.20 4.35
UAC-PROP 0.74 0.74 0.77 0.03 4.05

 

Top 7 Losers

Company Pclose Open Close Change % Change
ETERNA 2.39 2.39 2.16 -0.23 -9.62
UPL 1.05 1.05 0.97 -0.08 -7.62
LASACO 0.28 0.28 0.26 -0.02 -7.14
CORNERST 0.59 0.59 0.55 -0.04 -6.78
CHAMS 0.23 0.23 0.22 -0.01 -4.35
UNITYBNK 0.45 0.45 0.44 -0.01 -2.22
CAVERTON [BLS] 2.35 2.35 2.30 -0.05 -2.13

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
FBNH                            56,621,529                      256,857,928 4.60
UBA                            52,768,847                      318,435,010 6.00
LASACO                            23,946,743                          6,262,136 0.26
GUARANTY                            22,325,792                      470,405,437 21.10
ZENITHBANK                            21,721,284                      322,071,024 14.70
TRANSCORP                            14,318,890                          9,674,146 0.67
ACCESS                            13,776,954                        86,248,987 6.35

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                            22,325,792                 470,405,437.45 21.10
DANGCEM                              2,878,553                 374,426,594.30 130.00
ZENITHBANK                            21,721,284                 322,071,024.35 14.70
UBA                            52,768,847                 318,435,009.50 6.00
MTNN                              2,429,478                 260,884,849.80 107.40
FBNH                            56,621,529                 256,857,928.30 4.60
WAPCO                              9,377,009                 107,612,854.05 11.50

 

GTI

GTI is a leading Nigerian Investment Banking group with proven expertise in Financial advisory, Securities Dealing (Fixed Income and Equities), Asset management and Deal Origination. We have strong capacity in financial service delivery.

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