DANGCEM and MTNN Restore Bullish Reign

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Transactions on Nigerian Stock Market closed for today (Thursday) on a positive trajectory to reverse the previous day’s negative sentiment, as NGX-ASI grew significantly by 1.75%. The increase was triggered by Investors buy-interest in the market bellwethers, such as DANGCEM, MTNN, and 22 others. Consequently, the market breadth closed positively, recording 24 gainers as against 17 losers.

Nigerian Stock Exchange 2

NSE Trading Floor

In summary, the All-Share Index (ASI) grew by 679.72 absolute points, representing a gain of 1.75% to close at 39,461.20 points. While the overall Market Capitalization value gained N355.73 billion, representing an increase of 1.75% to close at N20.65 trillion.

JBERGER and FIDSON emerged as the joint-top gainer (by percentage points) for today, with a maximum price appreciation of 10.00%, while CWG emerged as the top loser (by percentage points) with a maximum price depreciation of -9.84%.

Today’s market gain was driven by price appreciation in large and medium capitalized stocks amongst which are; JBERGER(+10.00%), FIDSON(+10.00%), EKOCORP(+9.26%), CHIPLC(+9.09%), DANGCEM(+7.84%), JAPAULGOLD(-4.69%), AIICO(+5.74%), AFRIPRUD(+5.45%), OKOMUOIL(+5.26%), STERLNBANK(+4.58%), MTNN(+3.94%), VITAFOAM(+3.57%), TRANSCORP(+3.33%), UACN(+0.47%), and  ZENITHBANK(+0.23%).

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MARKET STATISTICS

CAP  N20,651,875,332,070.78 One Day (ASI CHG) +1.75%
Index 39,461.20 One Week (ASI CHG) +0.84%
Volume 270,681,776.00 One Month (ASI CHG) -0.08%
Value N2,031,499,577.45 Six Months (ASI CHG) +34.05%
Deals 3,897.00 52 Weeks (ASI CHG) +72.56%
Gainers 24 Losers 17
Unchanged 61 Total 102
YTD Returns -2.01%

Source: Ngxgroup.com, GTI Research 

 

 

FMDQ ABOUT

FOREIGN EXCHANGE

The Naira at the official rate remains unchanged to close at N379.00/$1 as at yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N410.46 traded high at N422.00 , and low at N395.00 and eventually closed at N411.00,  representing a 0.06% depreciation against Wednesday’s position. Also, a total of $33.55 million was transacted through the I&E window today.

MONEY MARKET

Overnight (O/N) rate closed at 16.00%, representing a 0.75% appreciation against Wednesday’s position, while Open Buy-Back (OBB) rate closed at 15.75%,  representing a 0.75% appreciation as against Wednesday’s position.

Sector Performance

Security Change Percent
NSE30 1.86
NSEBNK -1.35
NSECNSMRGDS -0.22
NSEINDUSTR 3.58
NSEINS 1.36
NSELOTUSISLM 2.59
NSEOILGAS 0.00

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
JBERGER 19 19 20.9 1.9 10.00
FIDSON 4.8 4.8 5.28 0.48 10.00
EKOCORP 5.4 5.4 5.9 0.5 9.26
CHIPLC 0.33 0.33 0.36 0.03 9.09
ROYALEX 0.45 0.45 0.49 0.04 8.89
SUNUASSUR 0.6 0.6 0.65 0.05 8.33
FTNCOCOA 0.36 0.36 0.39 0.03 8.33

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
CWG 2.54 2.54 2.29 -0.25 -9.84
MBENEFIT 0.4 0.4 0.37 -0.03 -7.50
FBNH 7.4 7.4 6.9 -0.5 -6.76
WAPIC 0.52 0.52 0.5 -0.02 -3.85
HONYFLOUR 1.33 1.33 1.28 -0.05 -3.76
GUARANTY 31 31 30.05 -0.95 -3.06
DANGSUGAR 17.4 17.4 17 -0.4 -2.30

Top 7 Traders By Volume

Security  Daily Volume  Daily Value Close Price
FBNH   51,524,230.00   359,827,178.90 6.9
TRANSCORP   42,465,136.00     40,022,553.31 0.93
EKOCORP   20,000,500.00   118,002,898.00 5.9
SOVRENINS   18,012,400.00       4,203,266.00 0.24
ACCESS   16,691,466.00   122,153,731.20 7.2
MBENEFIT   16,103,637.00       6,069,633.78 0.37
UBA   13,405,652.00     98,766,460.45 7.35

Top 7 Traders By Value

Security  Daily Volume  Daily Value Close Price
FBNH   51,524,230.00   359,827,178.90 6.9
DANGCEM     1,435,929.00   313,617,422.20 220
ZENITHBANK     9,831,267.00   217,305,482.25 22.15
ACCESS   16,691,466.00   122,153,731.20 7.2
EKOCORP   20,000,500.00   118,002,898.00 5.9
MTNN        576,771.00     99,122,897.40 171.5
UBA   13,405,652.00     98,766,460.45 7.35

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