Equity market makes marginal gain after eight consecutive days of decline

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After eight (8) consecutive decline in the equity market performance, the market made a marginal gain of 0.06% to closed today’s trading session. The turnaround was driven by gains in oil/gas, insurance and banking sectors. Consequently, market breadth closed positive, recording 18 gainers and 12 losers.

NSE Trading Floor

The All Share Index (ASI) grew 17.55 absolute points, representing an increase of 0.06% to close at 30,046.70 points. Similarly, Market Capitalization gained N7.73 billion, representing a growth of 0.06% to close at N13.23 trillion.

FO emerged the top gainer while THOMASWY emerged as top loser.

The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; FO (+9.91%), WEMBANK (+3.33%), OANDO (+2.63%), ACCESS (1.59%), NB (+0.87%), GUARANTY (+0.65%), DANGCEM (+0.55%), ETI (+0.51%), and MTNN (+0.37%)

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MARKET STATISTICS  

CAP N13,232,710,451,076.79 One Day (ASI CHG) +0.06%
Index 30,046.70 One Week (ASI CHG) -1.27%
Volume 145,277,282 One Month (ASI CHG) +5.71%
Value N2,831,185,872.01 Six Months (ASI CHG) -2.04%
Deals 2,445 52 Weeks (ASI CHG) -22.82%
Gainers 18 Losers 12
Unchanged 68 Total 98
  YTD Returns -4.40%  

Source: NSE, GTI Research

 

FOREIGN EXCHANGE

The Naira exchange rate at the official window remain unchanged to closed at N307.00/$1, against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N360.17, traded high at N361.50 and eventually closed at N360.51 representing 0.04% appreciation against yesterday’s closing position. A total of $142.13 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 5.71%, to remain unchanged as against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 5.29%, representing a 0.14% depreciation against yesterday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 987.83 969.06 -18.77 bps
T.Bills 521.33 509.27 -12.06 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

NASD OTC MARKET         

The NASD market remain unchanged after today’s trading sessions, as the Unlisted Securities Index (USI)  close at 754.61 points against yesterday’s index. The Market Capitalization also closed at N542.14 billion. However, Market activities measured by aggregate volume and value declined by 98.38% and 99.70% respectively. Investors traded a total of 2,400 units of shares valued at N130,214  in 3 deals.

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Sector Performance           

Sector %    Change
NSE30 -0.13
BANKING 0.23
CONSUMER GOODS -1.04
INDUSTRIAL -0.21
INSURANCE 0.30
LOTUS ISLAMIC -0.27
OIL/GAS 1.12

Top 7 Gainers    

Company Pclose Open Close Change % Change
FO 26.75 26.75 29.40 2.65 9.91
UNITYBNK 0.64 0.64 0.70 0.06 9.38
ROYALEX 0.22 0.22 0.24 0.02 9.09
COURTVILLE 0.20 0.20 0.21 0.01 5.00
WEMABANK 0.60 0.60 0.62 0.02 3.33
CHAMS 0.35 0.35 0.36 0.01 2.86
OANDO 3.80 3.80 3.90 0.10 2.63

Top 7 Losers           

Company Pclose Open Close Change % Change
THOMASWY 0.36 0.36 0.33 -0.03 -8.33
INTBREW 20.00 20.00 18.55 -1.45 -7.25
JAIZBANK 0.48 0.48 0.46 -0.02 -4.17
FIDELITYBK 1.73 1.73 1.68 -0.05 -2.89
AFRIPRUD 3.49 3.49 3.40 -0.09 -2.58
WAPCO 10.00 10.00 9.75 -0.25 -2.50
NESTLE 1450.00 1450.00 1430.00 -20.00 -1.38

 Top 7 Traders By Volume    

Company Volume Value(₦) Current Price
GUARANTY                             55,723,829                    1,716,561,628 31.00
ACCESS                             16,006,917                       100,764,951 6.40
UBA                               7,745,154                         47,457,713 6.15
FIDELITYBK                               7,041,692                         12,214,874 1.68
ZENITHBANK                               6,461,329                       129,888,438 20.00
WAPIC                               5,305,252                           2,156,232 0.41
ETI                               4,739,247                         46,453,283 9.85

 Top 7 Traders By Value     

Company Volume Value(₦) Current Price
GUARANTY                             55,723,829               1,716,561,627.85 31.00
MTNN                               2,165,363                  293,502,605.15 135.60
NESTLE                                  122,245                  174,365,222.80 1430.00
ZENITHBANK                               6,461,329                  129,888,437.55 20.00
NB                               2,146,300                  124,435,827.75 58.00
ACCESS                             16,006,917                  100,764,950.80 6.40
UBA                               7,745,154                    47,457,713.30 6.15

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