Equity market records first gain of the year!

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The equity market performance index (NSE-ASI) gained 0.62%, notching its first gain since the beginning of the New year(2019) after six consecutive. This was majorly driven by gains in Banking and Industrial goods stocks. Market breadth closed positive, recording 21 gainers against 15 losers.

NSE Trading Floor

The All Share Index (ASI) went up by 180.93 absolute points, representing a gain of 0.62%, closing at 29,517.73 points. Similarly, Market Capitalization increased by N67.47 billion representing a growth of 0.62%, closing at N11.01 trillion.

LAWUNION emerged the top gainer while GUINNESS emerged the top loser.

The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; GUARANTY (+6.07%), TRANSCORP (+5.93%), DIAMONDBANK (+5.85%), ZENITHBANK (+2.86%), FLOURMILL (+1.86%), HONYFLOUR (+1.83%), DANGFLOUR (+1.79%), DANGSUGAR (+1.10%)  and DANGCEM (+0.88%).

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MARKET STATISTICS

CAP N11,007,427,435,132.66 One Day (ASI CHG) +0.62
Index 29,517.73 One Week (ASI CHG) -4.07
Volume 385,291,613 One Month (ASI CHG) -3.58
Value N3,067,515,624.12 Six Months (ASI CHG) -21.12
Deals 3,677 52 Weeks (ASI CHG) -29.40
Gainers 21 Losers 15
Unchanged 57 Total 93
  YTD Returns -6.09  

 

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the inter-bank rate remained unchanged at N306.90 against yesterday’s closing price

The Investors and Exporters (I&E) FX window opened at N365.00, traded high at N366.50 and eventually closed at N365.12, representing a 0.06% depreciation against yesterday’s closing price. A total of $142.64 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 24.67%, representing a 3.00% depreciation against Tuesday’s closing position, while Open Buy-Back (OBB) rate also closed at 22.67% representing a 4.00% depreciation against Tuesday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 844.84 850.64 +5.80bps
T.Bills 555.27 553.68 -1.59bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

Sector Performance

Sector %    Change
NSE30 0.57
BANKING 2.74
CONSUMER GOODS -1.75
INDUSTRIAL 2.24
INSURANCE -2.05
LOTUS ISLAMIC -0.21
OIL/GAS 0.13

Top 7 Gainers

Company Pclose Open Close Change % Change
LAWUNION 0.50 0.50 0.55 0.05 10.00
JBERGER 25.85 25.85 28.40 2.55 9.86
ETERNA 3.95 3.95 4.30 0.35 8.86
GUARANTY 31.30 31.30 33.20 1.90 6.07
TRANSCORP 1.18 1.18 1.25 0.07 5.93
DIAMONDBNK 1.88 1.88 1.99 0.11 5.85
UPL 1.89 1.89 2.00 0.11 5.82

Top 7 Losers

Company Pclose Open Close Change % Change
GUINNESS 70.00 70.00 63.00 -7.00 -10.00
NEM 1.91 1.91 1.72 -0.19 -9.95
RESORTSAL 0.41 0.41 0.37 -0.04 -9.76
LINKASSURE 0.72 0.72 0.65 -0.07 -9.72
NPFMCRFBK 1.60 1.60 1.45 -0.15 -9.38
UAC-PROP 1.65 1.65 1.51 -0.14 -8.48
MBENEFIT 0.21 0.21 0.20 -0.01 -4.76

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
CUSTODIAN                      120,270,094.00                  697,607,546.40 5.80
ACCESS                        60,479,777.00                  317,375,056.50 5.30
FBNH                        48,866,913.00                  347,243,233.55 7.10
DIAMONDBNK                        37,147,630.00                    72,049,190.42 1.99
UBA                        26,963,055.00                  195,471,371.20 7.25
ZENITHBANK                        23,998,316.00                  515,483,055.00 21.60
TRANSCORP                        10,476,082.00                    12,769,329.37 1.25

Top 7 Traders By Value

Company Volume Value(₦) Current Price
CUSTODIAN                      120,270,094.00                  697,607,546.40 5.60
ZENITHBANK                        23,998,316.00                  515,483,055.00 21.00
FBNH                        48,866,913.00                  347,243,233.55 7.05
ACCESS                        60,479,777.00                  317,375,056.50 5.50
GUARANTY                          9,549,176.00                  308,986,113.05 31.30
NESTLE                             138,541.00                  200,186,601.60 1450.00
UBA                        26,963,055.00                  195,471,371.20 7.25

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