Equity Market closed the year on a positive note

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The Nigeria stock market closed the year 2018 on a positive note gaining 1.27%, this was impacted by gains in DANCEM, SEPLAT and 30 other stocks. Market breadth closed positive, recording 32 gainers and 17 losers. However, the year performance of the market closed on a negative sentiment

NSE Trading Floor

In summary, the All Share Index (ASI) was up by 392.78 absolute points, representing an increase of 1.27%, closing at 31,430.50 points. Similarly, Market Capitalization increased by N383.62 billion representing a growth of 3.38%, closing at N11.72trillion as a result of 11,886,823,200 ordinary shares of CCNN which was listed on the daily official list of the exchange, this arose from the scheme of merger between CCNN and Kalambaina Cement Company Limited

VITAFOAM emerged the top gainer while STANBIC emerged the top loser.

The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; DIAMONDBANK (+9.55%), SEPLAT (+8.02%), FBNH (+5.30%), FLOURMILL (5.24%), DANGCEM (3.66%), WEMABANK (+3.28%), OANDO (+2.04%), TRANSCORP (+0.76%), GUARANTY (+0.44%), NESTLE (+0.34%) and ZENITHBANK (+0.22%).

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MARKET STATISTICS

CAP N11,720,718,373,698.92 One Day (ASI CHG) +1.27
Index 31,430.50 One Week (ASI CHG) -1.68
Volume 929,323,333 One Month (ASI CHG) +1.80
Value N3,951,549,137.69 Six Months (ASI CHG) -17.89
Deals 4,144 52 Weeks (ASI CHG) -17.81
Gainers 32 Losers 17
Unchanged 46 Total 95
  YTD Returns -17.81  

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the inter-bank rate remain unchanged to closed at N307.00 against last Friday’s closing price

The Investors and Exporters (I&E) FX window opened at N364.66, traded high at N365.50 and eventually closed at N364.00, representing a 0.14% appreciation against last Friday’s closing price. A total of $211.48 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 20.17%, representing a 1.75% appreciation against last Friday’s closing position, while Open Buy-Back (OBB) rate also closed at 19.00% representing a 1.83% appreciation against last Friday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 849.23 851.31 +2.08 bps
T.Bills 569.20 568.62 -0.58 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

Sector Performance

Sector %    Change
NSE30 1.08
BANKING 0.30
CONSUMER GOODS 1.42
INDUSTRIAL 0.62
INSURANCE 0.41
LOTUS ISLAMIC 0.61
OIL/GAS 3.73

Top 7 Gainers

Company Pclose Open Close Change % Change
VITAFOAM 4 4.4 4.4 0.40 10.00
CHAMPION 1.81 1.81 1.99 0.18 9.94
DIAMONDBNK 1.99 2.18 2.18 0.19 9.55
UNITYBNK 0.98 0.98 1.07 0.09 9.18
NIGERINS 0.22 0.22 0.24 0.02 9.09
LINKASSURE 0.66 0.66 0.72 0.06 9.09
AIRSERVICE 7.25 7.25 7.90 0.65 8.97

Top 7 Losers

Company Pclose Open Close Change % Change
STANBIC 53.25 53.25 47.95 -5.30 -9.95
FO 31.85 31.85 28.7 -3.15 -9.89
NEIMETH 0.86 0.86 0.78 -0.08 -9.30
AIICO 0.69 0.69 0.63 -0.06 -8.70
CUTIX 1.78 1.78 1.64 -0.14 -7.87
UNIONDAC 0.27 0.27 0.25 -0.02 -7.41
SOVRENINS 0.22 0.22 0.21 -0.01 -4.55

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
UNIONDAC                     267,496,891.00                   66,877,614.32 0.25
DIAMONDBNK                     227,572,237.00                 492,748,840.07 2.18
NEM                     145,288,647.00                 392,198,666.32 2.70
MEDVIEWAIR                       70,912,684.00                 145,371,002.20 2.05
FIDELITYBK                       48,031,190.00                   96,554,921.95 2.03
ZENITHBANK                       36,429,503.00                 840,973,082.15 23.05
FCMB                       16,386,474.00                   30,539,268.42 1.89

Top 7 Traders By Value

Company Volume Value(₦) Current Price
ZENITHBANK                       36,429,503.00                 840,973,082.15 23.05
DANGCEM                         3,223,514.00                 596,453,951.30 189.70
GUARANTY                       15,496,245.00                 529,019,200.65 34.45
DIAMONDBNK                     227,572,237.00                 492,748,840.07 2.18
NEM                     145,288,647.00                 392,198,666.32 2.70
FLOURMILL                         8,153,458.00                 186,383,254.55 23.10
MEDVIEWAIR                       70,912,684.00                 145,371,002.20 2.05

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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