Equity market surge as covid-19 lockdown eases

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The Nigerian equity market sustained last week positive sentiment as the Covid-19 lockdown ease begin today (Monday), following the Federal government directive to open the economy partly, after 34 days of total lockdown in Lagos and Ogun state, including the FCT. However, the market breadth closed negatively, recording 15 gainers as against 19 losers.

 

NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 68.85 absolute points, representing a growth of 0.30% to close at 23,089.86 points. Similarly, the overall Market Capitalization size increased by N35.88 billion, representing a growth of 0.30% to close at N12.03 trillion.

PRESTIGE emerged as the top gainer while NEM & NEIMETH emerged as the top losers.

The uptrend was impacted by gains recorded in large and medium capitalized stocks, amongst which are; ARDOVA (+9.96%), UACN (+4.39%), VITAFOAM (+3.83%), MTNN (+3.57%), TRANSCORP (+3.03%), DANGSUGAR (+2.81%), OANDO (+1.21%) and ZENITHBANK (+0.35%).

Click here for more on NSE Daily Price List

 

MARKET STATISTICS

CAP N12,033,350,110,540.78 One Day (ASI CHG) +0.30%
Index 23,089.86 One Week (ASI CHG) +2.09%
Volume 249,859,281 One Month (ASI CHG) +9.46%
Value N2,396,313,435.13 Six Months (ASI CHG) -12.54%
Deals 6,538 52 Weeks (ASI CHG) -20.96%
Gainers 15 Losers 19
Unchanged 58 Total 92
-13.98%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Thursday closed unchanged at 361.00/$1, against last Thursday’s position.

The Investors and Exporters (I&E) FX window opened at N385.33, traded high at N390.00 and eventually closed at N384.00, representing a 0.85% appreciation against last Thursday’s closing position. A total of $83.41 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 4.67%, representing a 1.92% appreciation against last Thursday’s closing position, while Open Buy-Back (OBB) rate closed at 4.00%, representing a 1.75% appreciation against yesterday’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 479.80 476.58 -3.22bps
T.Bills 405.72 407.93 +2.21 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

The NASD OTC market on Monday closed negatively as the Unlisted Securities Index (USI) closed at 700.35, representing a 0.05% decline as against last Thursday’s closing position. Similarly, Market Capitalization lost N280 million to closed at N514.46 billion. Also, the aggregate volume and value decreased by 97.82% and 99.03%, as investors traded a total of 2,750 shares, worth N322,000 in 3 deal.

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Sector Performance

Top 7 Gainers

Company Pclose Open Close Change % Change
PRESTIGE [BLS] 0.50 0.50 0.55 0.05 10.00
ARDOVA  11.55 11.55 12.70 1.15 9.96
WAPIC  0.26 0.26 0.28 0.02 7.69
LEARNAFRCA  1.03 1.03 1.10 0.07 6.80
MBENEFIT  0.20 0.20 0.21 0.01 5.00
UACN  6.90 6.90 7.20 0.30 4.35
VITAFOAM  4.96 4.96 5.15 0.19 3.83

Top 7 Losers

Company Pclose Open Close Change % Change
NEIMETH  0.60 0.60 0.54 -0.06 -10.00
NEM  2.20 2.20 1.98 -0.22 -10.00
CHAMS  0.23 0.23 0.21 -0.02 -8.70
ACCESS  6.60 6.60 6.10 -0.50 -7.58
UPL  1.06 1.06 0.98 -0.08 -7.55
CAVERTON [BLS] 2.47 2.47 2.30 -0.17 -6.88
FIDSON  2.45 2.45 2.30 -0.15 -6.12

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
GUARANTY                              44,533,559                       935,210,413 21.00
FBNH                              40,713,687                       187,413,957 4.60
UBA                              24,753,358                       144,554,440 5.80
ZENITHBANK                              22,850,851                       328,505,804 14.35
ACCESS                              14,508,254                         89,399,488 6.10
STERLNBANK                              13,882,234                         17,715,391 1.28
UCAP                              11,607,353                         28,125,232 2.40

Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                              44,533,559                  935,210,412.60 21.00
ZENITHBANK                              22,850,851                  328,505,804.05 14.35
FBNH                              40,713,687                  187,413,956.70 4.60
MTNN                                1,613,168                  187,372,944.50 116.00
UBA                              24,753,358                  144,554,439.90 5.80
DANGCEM                                   962,950                  129,057,172.50 130.00
ACCESS                              14,508,254                    89,399,487.70 6.10

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