Bulls Halt Bearish Sentiments, as Market gains N105 Billion

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The Nigeria equity market closed the trading activities for the week on a bullish note, to halt the nine consecutive trading losses. The market’s stellar performance was due to investors’ renewed buy interest for recently depreciated bellwether stocks. Consequently, the market indicators (NGX-ASI and market capitalization) surged by 0.53%. Furthermore, the market breadth closed positively recording 31 gainers against 13 losers. 

Nigerian Stock Exchange 2

NSE Trading Floor

In summary, the All-Share Index (ASI) appreciated by 200.78 absolute points, representing a growth of 0.53% to close at 38,256.99 points. Similarly, the overall Market Capitalization value gained N104.65 billion, representing an increase of 0.53% to close at N19.94trillion.

IKEJAHOTEL emerged as the top gainer (by percentage points) for today, with a maximum price appreciation of +10.00%, while ACADEMY emerged as the top loser (by percentage points) with a maximum price depreciation of -8.33%.

Today’s market upturn was driven by price appreciation in large and medium capitalized stocks amongst which are; ROYALEX(9.46%), JAPAULGOLD(+9.26%), MBENEFIT(+9.09%), CHIPLC(+8.96%), REGALINS(+8.89%), DANGCEM(+4.17%), TRANSCORP(+3.49%), SEPLAT(+2.43%), MANSARD(+2.30%), FBNH(+1.40%), NESTLE(+1.12%), UBA(+0.70%), ACCESS(+0.61%), NB(+0.52%), ZENITHBANK(+0.44%), MTNN(+0.25%) and ETERNA(+0.13%)

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MARKET STATISTICS

CAP N19,940,447,613,166.83 One Day (ASI CHG) +0.53%
Index 38,256.99 One Week (ASI CHG) -0.18%
Volume 228,674,124.00 One Month (ASI CHG) -2.66%
Value N3,671,187,840.10 Six Months (ASI CHG) +9.66%
Deals 3,318.00 52 Weeks (ASI CHG) +52.02%
Gainers 31 Losers 13
Unchanged 56 Total 100
YTD Returns -5.00%

Source: Ngxgroup.com, GTI Research 

 

 

FMDQ ABOUT

FOREIGN EXCHANGE

The Investors and Exporters (I&E) FX window opened at N411.01 and eventually closed at N412.00,  representing a 0.24% depreciation against Friday’s closing position.

MONEY MARKET

The overnight (O/N) rate closed at 19.17%, representing a 5.67% appreciation as against Friday’s position. while Open Buy-Back (OBB) rate closed at 18.67%, representing a 5.67% appreciation as against Thursday’s position.

Sector Performance

Security Change Percent
NSE30 0.48
NSEBNK 0.14
NSECNSMRGDS 0.56
NSEINDUSTR 0.57
NSEINS 2.5
NSELOTUSISLM 0.47
NSEOILGAS 1.78

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
IKEJAHOTEL 1 1 1.1 0.1         10.00
ROYALEX 0.74 0.74 0.81 0.07           9.46
NEIMETH 1.72 1.72 1.88 0.16           9.30
JAPAULGOLD 0.54 0.54 0.59 0.05           9.26
MBENEFIT 0.44 0.44 0.48 0.04           9.09
CHIPLC 0.67 0.67 0.73 0.06           8.96
REGALINS 0.45 0.45 0.49 0.04           8.89

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
ACADEMY 0.36 0.36 0.33 -0.03 –        8.33
LASACO 1.56 1.56 1.44 -0.12 –        7.69
JOHNHOLT 0.68 0.68 0.63 -0.05 –        7.35
PRESCO 78.9 78.9 75.9 -3 –        3.80
BUACEMENT 74.25 74.25 72 -2.25 –        3.03
UNILEVER 12.35 12.35 12 -0.35 –        2.83
MAYBAKER 4 4 3.91 -0.09 –        2.25

Top 7 Traders By Volume

Security Close Price  Daily Volume   Daily Value 
GUARANTY 28         46,327,279        1,299,712,822.40
ZENITHBANK 23         20,242,032           465,491,672.85
TRANSCORP 0.89         20,158,510              17,851,801.58
FIDELITYBK 2.27         17,543,084              39,270,214.36
MBENEFIT 0.48         12,911,040                6,040,595.10
ACCESS 8.25         11,827,902              97,557,138.95
JAPAULGOLD 0.59           8,773,137                5,117,150.75

Top 7 Traders By Value

Security Close Price  Daily Volume   Daily Value 
GUARANTY 28         46,327,279        1,299,712,822.40
ZENITHBANK 23         20,242,032           465,491,672.85
NESTLE 1400               304,912           426,878,865.50
SEPLAT 688               372,160           255,083,487.00
PRESCO 75.9           3,256,041           245,092,981.10
MTNN 160.9               951,265           153,677,892.70
ACCESS 8.25         11,827,902              97,557,138.95

 

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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