Bulls Sustains Local Bourse ride, Lifts NSE-ASI further by 0.18%

63 Views

The Nigerian equity market today (Wednesday) closed on a positive note as the All-Share-Index appreciated by 0.18% to sustain previous positive sentiment to four consecutive trading day. The uptrend was supported by value appreciation on some bellwether stocks like ZENITHBANK, BUACEMENT, NB and 15 others. Consequently, the market breadth closed on a positive note, recording 18 gainers as against 11 losers.

NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 46.24 absolute points, representing a growth of 0.18% to close at 25,460.00 points. Similarly, the overall Market Capitalization size gained N23.99 billion, representing an increase of 0.18% to close at N13.28 trillion.

CORNERST emerged as the top gainer while INITSPLC emerged as the top loser.

The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; NB (+2.56%), UBN (+2.00%) GUINNESS (+1.45%) FLOURMILL (+1.06%), ZENITHBANK (+0.59%) BUACEMENT (+0.25%) and GUARANTY (+0.20%).

Click here for more on NSE Daily Price List

 

MARKET STATISTICS

CAP N13,282,112,901,062.40 One Day (ASI CHG) +0.18%
Index 25,460.00 One Week (ASI CHG) +0.51%
Volume 181,320,844 One Month (ASI CHG) +2.80%
Value N1,121,578,171.01 Six Months (ASI CHG) -3.62%
Deals 3,408 52 Weeks (ASI CHG) -7.64%
Gainers 18 Losers 11
Unchanged 77 Total 106
    YTD -5.15%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window today (Wednesday) closed at 379.00/$1, unchanged against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N386.08, traded high at N395.13, and eventually closed at N386.00, unchanged against the previous day’s closing position. A total of $58.46 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate today (Wednesday) closed at 5.33%, representing a 1.04% depreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 4.67%, representing a 1.08% depreciation against the previous day’s position.

 

FIXED INCOME
Securities Close P. Close Change
Bond 365.40 363.15 +2.25 bps
T.Bills 133.12 135.29 -2.17 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

 The NASD OTC market today (Wednesday) closed as the Unlisted Securities Index (USI) closed at 709.45, unchanged against the previous day’s closing position. Similarly, Market Capitalization closed at N521.14 billion, unchanged against the previous day’s closing position. However, the aggregate volume and value increased by 96.71% and 79.40% respectively, as investors traded a total of 1,636 shares, worth N490,800 in 1 deal.

Click here for more on NASD Daily Price List

 

 

 

 


 

 

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.

You may also like...