Equity Market rebounds from yesterday’s huge loss, records 0.44 gain.

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The Equity Market closed higher today gaining 0.44%, rebounding from yesterday’s huge loss. The gains where aided by the sterling performance of DANGCEM, NESTLE, FBNH and 16 others. Market breadth closed at par, recording 19 gainers and 19 losers.

 

NSE Trading Floor

 

In summary, the All Share Index (ASI) was up by 141.46 absolute points, representing an increase of 0.44%, closing at 33,545.06 points. Similarly, the Market Capitalization increased by N51.64 billion, representing a growth of 0.44%, closing at N11.88 trillion.

JAIZBANK emerged the top gainer while AGLEVENT emerged the top loser.

The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; TOTAL (+8.20%), DAIMONDBNK (+7.19%), NB (+4.99%), DANGFLOUR (+2.58%), FBNH (+2.17), NESTLE (+0.73%), DANGSUGAR (+0.34%), DANGCEM (+0.25%) and GUINNESS (+0.12%).

 

MARKET STATISTICS

CAP N11,881,459,823,422.36 One Day (ASI CHG) +0.44
Index 32,545.06 One Week (ASI CHG) -0.37
Volume 349,455,219 One Month (ASI CHG) -1.72
Value N3,668,406,254.22 Six Months (ASI CHG) -20.28
Deals 3,128 52 Weeks (ASI CHG) -10.88
Gainers 19 Losers 19
Unchanged 61 Total 99
YTD Returns -14.90

Source: NSE, GTI Research

 

 

 

FOREIGN EXCHANGE

The Naira at the inter-bank rate closed unchanged at N306.55, against yesterday’s closing price.

The Investors and Exporters (I&E) FX window opened at N363.78, traded high at N365.00 and eventually closed at N363.95, representing a 0.02% depreciation against yesterday’s closing price. A total of $339.16 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight (O/N) rate closed at 11.93%, representing a 5.29% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate  closed  at 11.50% representing a 5.17% depreciation against yesterday’s closing position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 818.94 829.36 +10 bps
T.Bills 378.72 378.19 +11 bps
Note: BPS=> Basis Point

Source: FMDQ, GTI Research

 

 

SECTOR PERFORMANCE

Sector %    Change
NSE30 0.48
BANKING -0.33
CONSUMER GOODS 0.66
INDUSTRIAL -0.73
INSURANCE 0.17
LOTUS ISLAMIC 0.72
OIL/GAS 0.65

 

 

TOP 7 GAINERS

Company Pclose Open Close Change % Change
JAIZBANK 0.5 0.5 0.55 0.05 10.00
ROYALEX 0.2 0.2 0.22 0.02 10.00
TOTAL 183 183 198 15 8.20
DIAMONDBNK 1.39 1.39 1.49 0.1 7.19
HMARKINS 0.28 0.28 0.3 0.02 7.14
LASACO 0.28 0.28 0.3 0.02 7.14
NB 88.1 88.1 92.5 4.4 4.99

 

 

TOP 7 LOSERS

Company Pclose Open Close Change % Change
AGLEVENT 0.4 0.4 0.36 -0.04 -10.00
BETAGLAS 69 69 62.1 -6.9 -10.00
CUTIX 2.25 2.25 2.03 -0.22 -9.78
MCNICHOLS 0.45 0.45 0.41 -0.04 -8.89
GUINEAINS 0.29 0.29 0.27 -0.02 -6.90
CILEASING 2.71 2.71 2.55 -0.16 -5.90
CAP 30.05 30.05 28.6 -1.45 -4.83

 

 

TOP 7 TRADERS BY VALUE

Company Volume Value(₦) Current Price
DANGCEM                         4,695,972.00                 939,628,253.90 200.5
GUARANTY                       23,832,376.00                 869,875,838.95 36.5
ZENITHBANK                       24,497,367.00                 589,004,258.00 24
FCMB                     180,252,935.00                 279,646,730.61 1.58
NESTLE                            151,665.00                 209,279,373.00 1380
ACCESS                       21,844,755.00                 184,364,122.45 7.95
NB                         1,558,013.00                 143,085,468.20 92.5

 

 

TOP 7 TRADERS BY VOLUME

Company Volume Value(₦) Current Price
FCMB                     180,252,935.00                 279,646,730.61 1.58
ZENITHBANK                       24,497,367.00                 589,004,258.00 24
GUARANTY                       23,832,376.00                 869,875,838.95 36.5
ACCESS                       21,844,755.00                 184,364,122.45 7.95
DIAMONDBNK                       15,233,384.00                   21,151,940.62 1.49
FIDELITYBK                         8,638,664.00                   17,270,646.55 2
UACN                         7,821,474.00                   78,256,946.40 10

 

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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