Equity market gains 1%, as investors reactivates positive sentiment

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Transaction activities on the equity market today halts two days negative sentiment, to close in the green amidst bargain hunting on bellwethers stocks. Today’s gain was majorly driven by price appreciation on FBNH, DANGCEM, MTNN, and 20 others. Consequently, the market breadth closed positive, recording 23 gainers as against 16 losers.

NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 289.63 absolute points, representing a growth of 1.00% to close at 29,352.13 points. Similarly, the overall Market Capitalization size increased by N149.41 billion, representing an increase of 1.00% to close at N15.14 trillion.

LIVESTOCK emerged as the top gainer  while  BOCGAS emerged as top loser.

The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; FO (+8.42%), WAPCO (+6.33%), FBNH (+5.71%), UBA (+4.71%), ETI (+4.17%), DANGCEM (+2.94%), ZENITHBANK (+2.11%), MTNN (+2.07%), GUARANTY (+1.73%), ACCESS (+1.47%), WEMABANK (+1.41%), and DANGSUGAR (+1.03%).

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MARKET STATISTICS

CAP 15,141,881,966,344.72 One Day (ASI CHG) +1.00%
Index 29,352.13 One Week (ASI CHG) -0.15%
Volume 387,164,054 One Month (ASI CHG) +9.95%
Value N5,017,938,308.22 Six Months (ASI CHG) +4.08%
Deals 4,654 52 Weeks (ASI CHG) -3.64%
Gainers 23 Losers 16
Unchanged 69 Total 108
YTD Returns +9.35%

Source: NSE, GTI Research

 

FOREIGN EXCHANGE

The Naira at the official window closed unchanged at 306.90/$1 against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N361.54, traded high at N365.00 and eventually closed at N361.92, representing a 0.19% appreciation as against yesterday’s position. A total of $263.45 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 5.07%, representing 9.10% depreciation against yesterday’s position, while Open Buy-Back (OBB) rate closed at 4.14%,  representing 9.19% depreciation against yesterday’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 627.32 614.03 -8.87 bps
T.Bills 464.48 456.92 +1.60 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

NASD OTC MARKET

The NASD OTC market on Thursday remained unchanged as the Unlisted Securities Index (USI) closed at 702.62. Similarly, Market Capitalization remained unchanged at yesterday’s closing position, closing at N504.79 billion. Consequently, the aggregate volume of trades decreased by 99.94% while the aggregated value of trade declined by  99.43%, as investors traded a total of 470 units of shares valued at N52.90 thousands in 1 deals.

NASD Daily Price List

 

Sector Performance

Sector %    Change
NSE30 1.03
BANKING 2.19
CONSUMER GOODS 0.21
INDUSTRIAL -1.54
INSURANCE -1.15
LOTUS ISLAMIC 0.24
OIL/GAS 0.97

Top 7 Gainers 

Company Pclose Open Close Change % Change
LIVESTOCK 0.50 0.50 0.55 0.05 10.00
FO 19.00 19.00 20.60 1.60 8.42
WAPCO 15.00 15.00 15.95 0.95 6.33
JAIZBANK 0.64 0.64 0.68 0.04 6.25
FBNH 7.00 7.00 7.40 0.40 5.71
UBA 8.50 8.50 8.90 0.40 4.71
COURTVILLE 0.22 0.22 0.23 0.01 4.55

Top Losers

Company Pclose Open Close Change % Change
BOCGAS 5.50 5.50 4.95 -0.55 -10.00
CAVERTON 2.91 2.91 2.62 -0.29 -9.97
CORNERST 0.58 0.58 0.54 -0.04 -6.90
UACN 10.70 10.70 10.00 -0.70 -6.54
BUACEMENT 38.00 38.00 36.00 -2.00 -5.26
CUTIX 1.43 1.43 1.36 -0.07 -4.90
UNITYBNK 0.72 0.72 0.69 -0.03 -4.17

 Top 7 Traders By Volume

Company Volume Value(₦) Current Price
ACCESS                             74,641,570                       770,929,702 10.35
ZENITHBANK                             71,833,489                    1,558,071,656 21.80
WAPCO                             40,731,009                       629,899,203 15.95
UBA                             37,249,059                       327,991,101 8.90
MORISON                             35,000,000                         15,755,000 0.50
GUARANTY                             17,205,062                       555,152,467 32.35
TRANSCORP                             15,137,725                         15,733,157 1.04

Top 7 Traders By Value 

Company Volume Value(₦) Current Price
ZENITHBANK                             71,833,489               1,558,071,655.50 21.80
ACCESS                             74,641,570                  770,929,701.65 10.35
WAPCO                             40,731,009                  629,899,202.60 15.95
GUARANTY                             17,205,062                  555,152,466.95 32.35
UBA                             37,249,059                  327,991,100.50 8.90
MTNN                               2,418,925                  294,776,631.70 123.00
DANGCEM                               1,043,536                  179,538,225.50 175.00

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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