Bulls hit back on the equity market as ASI gains 3.68%

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After two consecutive trading days of decline on the Nigerian Stock Exchange, the market turned positive as the All Share Index (NSE-ASI) recorded a gain of 3.68% due to increased bargain hunting by investors on large and medium cap stocks during today’s trading activities. Consequently, all market sectors gained in their respective index as MTNN and Dangcem contributed majorly to the gain.  Market breadth closed positive, recording 30 gainers and 6 losers.

NSE Trading Floor

The All Share Index (ASI) gained 1112.29 absolute points, representing a growth of 3.68% to close at 31,307.00 points. Similarly, Market Capitalization increased by N489.91 billion, representing a growth of 3.68% to close at N13.79 trillion.

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

The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; ETI (+10.00%), UBA (+9.65%), ACCESS (+9.48%), ZENITHBANK (+9.11%), OANDO (+8.14%),  SEPLAT (+5.75%), FBNH (+5.71%), GUARANTY (+5.43%), DANGCEM (+5.00%), NESTLE (+3.57%), NB (+3.45%),  MTNN (+1.96%), STANBIC (+0.48%) and DANGSUGAR (+0.37%).

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MARKET STATISTICS  

CAP N13,789,282,363,557.18 One Day (ASI CHG) +3.68%
Index 31,307.00 One Week (ASI CHG) +3.60%
Volume 344,308,714 One Month (ASI CHG) +5.27%
Value N7,270,856,814.76 Six Months (ASI CHG) +0.91%
Deals 4,456 52 Weeks (ASI CHG) -19.78%
Gainers 30 Losers 6
Unchanged 62 Total 98
  YTD Returns -0.39%  

Source: NSE, GTI Research

 

FOREIGN EXCHANGE

The Naira exchange rate at the official window  closed  at  N306.95/$1, representing a 0.02% depreciation against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N360.23, traded high at N361.40 and eventually closed at N360.63 representing a 0.01% depreciation against yesterday’s closing position. A total of $136.97 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 13.43%, representing a 1.86% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 12.00%, representing a 2.50% depreciation against yesterday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 957.53 955.53 -2.00 bps
T.Bills 510.68 511.08 +0.40 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

NASD OTC MARKET         

The NASD market today closed positive, as the Unlisted Securities Index (USI) grew 0.27% to close at 751.91 points. Market Capitalization also grew by N1.46 billion to close at N540.20 billion. Conversely, market activities measured by aggregate volume and value declined by 18.06% and 83.07% respectively. Investors traded a total of 8,455 units of shares worth N463,374 in 13 deals.

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Sector Performance           

Sector %    Change
NSE30 4.35
BANKING 6.76
CONSUMER GOODS 2.24
INDUSTRIAL 3.42
INSURANCE 0.40
LOTUS ISLAMIC 2.60
OIL/GAS 3.97

Top 7 Gainers    

Company Pclose Open Close Change % Change
ETI 11.00 11.00 12.10 1.10 10.00
UBA 5.70 5.70 6.25 0.55 9.65
COURTVILLE 0.21 0.21 0.23 0.02 9.52
ACCESS 5.80 5.80 6.35 0.55 9.48
UACN 6.35 6.35 6.95 0.60 9.45
ZENITHBANK 19.20 19.20 20.95 1.75 9.11
CHAMS 0.33 0.33 0.36 0.03 9.09

Top 7 Losers           

Company Pclose Open Close Change % Change
ETERNA 4.00 4.00 3.65 -0.35 -8.75
PZ 8.50 8.50 8.10 -0.40 -4.71
NAHCO 3.30 3.30 3.18 -0.12 -3.64
FLOURMILL 13.75 13.75 13.35 -0.40 -2.91
FIDELITYBK 1.79 1.79 1.77 -0.02 -1.12
AFRIPRUD 3.60 3.60 3.56 -0.04 -1.11

 Top 7 Traders By Volume    

Company Volume Value(₦) Current Price
GUARANTY                             67,123,989                    2,143,566,071 33.00
ZENITHBANK                             52,096,280                    1,043,482,035 20.95
FBNH                             44,684,027                       322,187,401 7.40
ACCESS                             41,771,132                       256,463,307 6.35
UBA                             20,276,441                       123,506,807 6.25
NAHCO                             20,140,749                         64,051,482 3.18
CHAMS                             12,180,082                           3,994,148 0.36

 Top 7 Traders By Value     

Company Volume Value(₦) Current Price
GUARANTY                             67,123,989               2,143,566,071.00 33.00
DANGCEM                               6,591,291               1,316,625,373.40 201.60
ZENITHBANK                             52,096,280               1,043,482,035.10 20.95
MTNN                               7,168,989                  948,982,931.40 132.55
NESTLE                                  340,990                  492,100,638.30 1450.00
FBNH                             44,684,027                  322,187,401.20 7.40
ACCESS                             41,771,132                  256,463,307.10 6.35

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