Equity Market Open the month of May in the green.
The Nigerian equity market today closed positive, gaining 0.04% after declining 2.54% in previous three consecutive trading sessions. This marginal gain was impacted by all market sectors, save the Banking sector which posted a negative performance. Market breadth closed negative recording 21 gainers as against 26 losers.
NSE Trading Floor
The All Share Index (ASI) gained 11.99 absolute points, representing an increase of 0.04% to close at 29,159.74 points. Similarly, Market Capitalization increased by N4.51 billion representing a growth of 0.04% to close at N10.96 trillion.
TRANSCORP emerged the top gainer while AFROMEDIA emerged as the top loser.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; TRANSCORP (+9.91%), FCMB (+5.95%), MOBIL (+5.08%), CCNN (+4.29%), HONYFLOUR (+3.60%), NB (+1.15%), DANGSUGAR (+1.08%), DANGFLOUR (+0.80%), FBNH (+0.68%), and STANBIC (+0.23%).
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MARKET STATISTICS
| CAP | N10,963,225,660,866.64 | One Day (ASI CHG) | +0.04% |
| Index | 29,171.73 | One Week (ASI CHG) | -2.50% |
| Volume | 543,924,121 | One Month (ASI CHG) | -3.49% |
| Value | N2,824,371,036.20 | Six Months (ASI CHG) | -8.86% |
| Deals | 4,836 | 52 Weeks (ASI CHG) | -29.38% |
| Gainers | 21 | Losers | 26 |
| Unchanged | 65 | Total | 112 |
| YTD Returns | -7.19% |
Source: NSE, GTI Research
FOREIGN EXCHANGE
The Naira exchange rate at the official window remained unchanged at N306.95/$1 against Tuesday’s position.
The Investors and Exporters (I&E) FX window opened at N360.46, traded high at N362.00 and eventually closed at N360.91, representing a 0.08% depreciation against Tuesday’s closing position. A total of $176.34 million was transacted through the I&E window today.
MONEY MARKET
Overnight(O/N) rate closed at 7.29%, representing a 2.54% depreciation against Tuesday’s closing position, while Open Buy-Back (OBB) rate closed at 6.14%, representing a 2.82% depreciation against Tuesday’s closing position.
| FIXED INCOME | |||
| Securities | P. Close | Close | Change |
| Bond | 990.23 | 989.05 | -1.18 bps |
| T.Bills | 523.23 | 536.03 | +12.8 bps |
| Note: BPS=> Basis Points |
Source: FMDQ, GTI Research
NASD OTC MARKET
The NASD market closed bullish after today’s trading activities as the Unlisted Securities Index (USI) rose by 1.25% to close at 767.70 points. Market Capitalization also grew by N6.81 billion to settle at N551.54 billion. Market activities measured by aggregate volume and value increased by 34,436.48% and 1,771.89% respectively. Investors traded a total of 1712,718,299 units of shares valued at N184.11 million in 9 deals.
Six securities were traded on the OTC Platform today and they include SDAFRILAND, SDCSCSPLC, SDFCWAMCO, SDMIXREAL, SDNDEP and SDRIGGS
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Sector Performance
| Sector | % Change |
| NSE30 | 0.08 |
| BANKING | -0.52 |
| CONSUMER GOODS | 0.39 |
| INDUSTRIAL | 0.46 |
| INSURANCE | 0.35 |
| LOTUS ISLAMIC | 0.19 |
| OIL/GAS | 0.07 |
Top 7 Gainers
| Company | Pclose | Open | Close | Change | % Change |
| TRANSCORP | 1.11 | 1.15 | 1.22 | 0.11 | 9.91 |
| JAPAULOIL | 0.33 | 0.33 | 0.36 | 0.03 | 9.09 |
| FCMB | 1.85 | 1.85 | 1.96 | 0.11 | 5.95 |
| MOBIL | 177.00 | 177.00 | 186.00 | 9.00 | 5.08 |
| MBENEFIT | 0.21 | 0.21 | 0.22 | 0.01 | 4.76 |
| CCNN | 14.00 | 14.00 | 14.60 | 0.60 | 4.29 |
| SOVRENINS | 0.24 | 0.24 | 0.25 | 0.01 | 4.17 |
Top 7 Losers
| Company | Pclose | Open | Close | Change | % Change |
| AFROMEDIA | 0.50 | 0.50 | 0.45 | -0.05 | -10.00 |
| ACADEMY | 0.33 | 0.33 | 0.30 | -0.03 | -9.09 |
| LAWUNION | 0.50 | 0.50 | 0.46 | -0.04 | -8.00 |
| ROYALEX | 0.26 | 0.26 | 0.24 | -0.02 | -7.69 |
| PRESCO | 62.75 | 62.75 | 58.00 | -4.75 | -7.57 |
| LIVESTOCK | 0.67 | 0.67 | 0.62 | -0.05 | -7.46 |
| LASACO | 0.31 | 0.31 | 0.29 | -0.02 | -6.45 |
Top 7 Traders By Volume
| Company | Volume | Value(₦) | Current Price |
| TRANSCORP | 34,908,851 | 42,514,046 | 1.22 |
| DANGFLOUR | 23,636,043 | 450,075,687 | 18.95 |
| CHAMS | 20,731,270 | 10,705,337 | 0.50 |
| ACCESS | 19,668,447 | 135,577,985 | 6.90 |
| JAPAULOIL | 17,065,371 | 6,114,266 | 0.36 |
| GUARANTY | 16,947,012 | 559,265,373 | 33.00 |
| CAVERTON | 16,277,806 | 49,305,408 | 3.00 |
Top 7 Traders By Value
| Company | Volume | Value(₦) | Current Price |
| GUARANTY | 16,947,012 | 559,265,373.45 | 33.00 |
| DANGFLOUR | 23,636,043 | 450,075,687.15 | 18.95 |
| DANGCEM | 1,037,795 | 186,940,278.30 | 180.00 |
| NB | 2,658,537 | 174,243,581.40 | 65.75 |
| ZENITHBANK | 6,735,727 | 143,260,387.45 | 21.20 |
| MOBIL | 767,914 | 136,155,991.80 | 186.00 |
| ACCESS | 19,668,447 | 135,577,984.85 | 6.90 |
