Equity Market Adds N80.60bn As Investors Position for Dividends

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Sentiment turned positive in the equity market today, on the back of earnings declaration by Zenith, Transcorp and Nigerian Breweries. As such, the market capitalization climbed by 0.67% – translating to N80.60 billion in monetary terms. Market breadth also closed positive, recording 16 gainers and 14 losers.

NSE Trading Floor

The All Share Index (ASI) gained 216.11 absolute points, representing a growth of 0.67%, to close at 32,406.18 points. Similarly, Market Capitalization grew by N80.60 billion representing an increase of 0.67%, to close at N12.08 trillion.

JAPAULOIL & SOVREINS emerged the top gainers while FIRSTALUM emerged  as the top loser.

The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; OANDO (+6.25%), ZENITHBANK (+5.63%), UBA (+4.58%), DANGSUGAR (+4.12%), GUARANTY (+3.29%), DIAMONBANK (2.54%), HONYFLOUR (+2.36%), ACCESS (+1.59%),  and UNILEVER (+0.46%), 

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MARKET STATISTICS

CAP N12,084,766,393,450.43 One Day (ASI CHG) +0.67
Index 32,406.18 One Week (ASI CHG) -0.17
Volume 361,820,576 One Month (ASI CHG) +4.52
Value N4,159,898,722.52 Six Months (ASI CHG) -8.11
Deals 4,623 52 Weeks (ASI CHG) -22.82
Gainers 16 Losers 14
Unchanged 77 Total 107
  YTD Returns +3.10  

 

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the inter-bank rate   remain unchanged to closed at N306.80 against yesterday’s closing price.

The Investors and Exporters (I&E) FX window opened at N361.88, traded high at N363.30 and eventually closed at N362.20, representing a 0.04% depreciation against yesterday’s closing price. A total of $75.84 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 15.83%, representing a 10.25% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate also closed at 15.00% representing a 8.33%  depreciation against yesterday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 843.67 843.83 +0.16 bps
T.Bills 589.15 578.92 -10.23 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

Sector Performance    

Sector %    Change
NSE30 0.71
BANKING 2.97
CONSUMER GOODS 0.26
INDUSTRIAL -0.21
INSURANCE 0.24
LOTUS ISLAMIC 0.23
OIL/GAS 0.74

Top 7 Gainers   

Company Pclose Open Close Change % Change
JAPAULOIL 0.21 0.21 0.23 0.02 9.52
SOVRENINS 0.21 0.21 0.23 0.02 9.52
ABCTRANS 0.44 0.44 0.48 0.04 9.09
CUSTODIAN 6.05 6.05 6.55 0.50 8.26
ACADEMY 0.37 0.37 0.40 0.03 8.11
OANDO 5.60 5.60 5.95 0.35 6.25
ZENITHBANK 24.00 24.00 25.35 1.35 5.63

Top 7 Losers        

Company Pclose Open Close Change % Change
FIRSTALUM 0.30 0.30 0.27 -0.03 -10.00
TRANSCORP 1.54 1.41 1.39 -0.15 -9.74
WEMABANK 0.93 0.93 0.84 -0.09 -9.68
UNITYBNK 1.14 1.14 1.03 -0.11 -9.65
UNIONDAC 0.29 0.29 0.27 -0.02 -6.90
FCMB 2.36 2.36 2.28 -0.08 -3.39
UCAP 3.35 3.35 3.25 -0.10 -2.99

Top 7 Traders By Volume   

Company Volume Value(₦) Current Price
DANGCEM                              5,004,958                      951,612,265 192.50
ZENITHBANK                            37,342,076                      925,541,145 25.35
GUARANTY                            20,873,909                      778,025,787 37.70
NESTLE                                 161,761                      258,799,701 1600.00
FBNH                            31,179,997                      250,644,258 8.10
TRANSCORP                          120,224,248                      168,205,234 1.39
WAPCO                            10,313,631                      134,025,123 13.00

Top 7 Traders By Value    

Company Volume Value(₦) Current Price
TRANSCORP                          120,224,248                 168,205,233.90 1.39
ZENITHBANK                            37,342,076                 925,541,144.50 25.35
FBNH                            31,179,997                 250,644,257.80 8.10
DIAMONDBNK                            20,879,831                   49,307,858.34 2.42
GUARANTY                            20,873,909                 778,025,787.30 37.70
ACCESS                            20,264,106                 129,663,627.55 6.40
UBA                            15,819,167                 124,484,864.60 8.00

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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