Dangcem Share-Repurchase Announcement Helped Local Bourse to Extend Positive Outlook

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The local bourse today (Monday) rake-in a total of N333.80 billion (or 1.74%) in value appreciation, largely as a result of investors’ positive reaction to the announcement of the first tranche of Dangote Cement’s planned repurchase of 10% of its total share outstanding, scheduled for December 30-31, 2020.  Today’s positive performance also extends the gaining streak on the local bourse to sixth consecutive sessions, despite market breadth closing at par with 23 gainers and losers apiece.

NSE Trading Floor

In summary, the All-Share Index (ASI) gained 638.65 absolute points, representing a gain of 1.74% to close at 37,443.40 points. Similarly, the overall Market Capitalization value also appreciated by N333.807 billion, representing a growth of 1.74% to close at N19.570 trillion.

BOCGAS emerged top of the gainers’ chart (in terms of percentage gain) with a maximum price appreciation of +10.00%, while ETERNA emerged top of the losers’ chart with a price depreciation of -9.89%.

Today’s uptrend was also driven by price appreciation in medium and large capitalized stocks amongst which are; DANGCEM (+9.98%), OANDO (+9.87), PZ (+6.90%) FLOURMILL (+2.50%), WAPCO (+2.27%), VITAFOAM (+1.40%), GUINNESS (+0.53%), and STANBIC (+0.11%).

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MARKET STATISTICS

CAP N19,570,148,639,711.75 One Day (ASI CHG) +1.74%
Index 37,443.40 One Week (ASI CHG) +7.46
Volume 427,059,399.00 One Month (ASI CHG) +8.08
Value N3,309,521,308.58 Six Months (ASI CHG) +50.19%
Deals 5,258.00 52 Weeks (ASI CHG) +40.45%
Gainers 23 Losers 23
Unchanged 62 Total 108
YTD Returns +39.50%

Source: NSE, GTI Research

 

Sector Performance

Sector %    Change
NSE30 +2.12
BANKING -1.05
CONSUMER GOODS +0.43
INDUSTRIAL +5.46
INSURANCE +5.16
LOTUS ISLAMIC +2.46
OIL/GAS +0.76

 

Top 7 Traders By Volume

Security  Volume Value (₦)   Closing Price (₦)
MANSARD   90,181,071.00        91,082,881.71 1.01
JAPAULGOLD   45,455,015.00        16,816,658.41 0.37
TRANSCORP   36,582,125.00        34,212,430.02 0.92
SKYAVN   24,000,200.00        63,740,638.00 2.93
AIICO   22,935,672.00        29,599,033.45 1.3
FIDELITYBK   20,826,334.00        53,128,049.98 2.55
MBENEFIT   17,981,841.00           4,727,749.58 0.26

 

Top 7 Traders By Value

Security  Volume Value (₦)   Closing Price (₦)
DANGCEM     5,502,218.00   1,267,711,027.20 230.4
GUARANTY   11,091,475.00      372,255,258.80 33.5
ZENITHBANK   12,249,139.00      298,093,164.55 24.3
WAPCO     7,026,278.00      155,626,045.50 22.5
UBA   17,706,075.00      145,621,216.15 8.2
MTNN        675,738.00      107,453,950.20 160
MANSARD   90,181,071.00        91,082,881.71 1.01

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