Equity market to sustains uptrend, post 0.16% gain

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Transactions on the floor of the Nigerian stock exchange today (Wednesday) closed on a positive note, gaining 0.16%, extending the previous positive momentum to four consecutive trading days, following value appreciation on some bellwether stocks like ACCESS, GUARANTY, MOBIL, and 15 others. Consequently, the market breadth closed on a positive note, recording 18 gainers as against 12 losers.

NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 40.10 absolute points, representing a growth of 0.16% to close at 24,882.04 points. Similarly, the overall Market Capitalization size gained N20.92 billion, representing an increase of 0.16% to close at N12.98 trillion

CAP emerged as the top gainers while ETERNA emerged as the top loser.

The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; JAPAULOIL (+4.76%), GUARANTY (+1.94%), FIDELITYBK (+1.76%), MOBIL (+0.92%), ACCESS (+0.79%), and UCAP (+0.67%).

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MARKET STATISTICS

CAP N12,979,941,721,993.57 One Day (ASI CHG) +0.16%
Index 24,882.04 One Week (ASI CHG) +0.76%
Volume 383,289,488 One Month (ASI CHG) +3.56%
Value N3,892,572,515.51 Six Months (ASI CHG) -12.49%
Deals 3,860 52 Weeks (ASI CHG) -10.07%
Gainers 18 Losers 12
Unchanged 61 Total 91
YTD -7.30%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Wednesday closed at 381.00/$1, unchanged against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N387.79, traded high at N392.50, and eventually closed at N389.25, representing a 0.06% depreciation against the previous day’s closing position. A total of $24.66 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 9.33%, representing a 0.75% depreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 8.50%, representing a 0.50% depreciation against the previous day’s position.

 

FIXED INCOME
Securities Close P. Close Change
Bond 340.16 293.09 +47.07 bps
T.Bills 158.58 151.12 +7.46 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

 The NASD OTC market today (Wednesday) closed on a negative note as the Unlisted Securities Index (USI) closed at 702.08, representing a 0.48% depreciation against the previous day’s closing position. Similarly, Market Capitalization shed N4.53 billion to close at N515.72 billion, representing a 0.48% depreciation against the previous day’s closing position. However, the aggregate volume and value increased by 1,082.27% and 71.36% respectively, as investors traded a total of 1.30 million shares, worth N7.09 million in 9 deal.

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Sector Performance

Sector % Change
NSE30 0.15
BANKING 0.07
CONSUMER GOODS 0.01
INDUSTRIAL 0.01
INSURANCE -0.01
LOTUS ISLAMIC 0.02
OIL/GAS 0.11

 

Top 7 Gainers

Company Pclose Open Close Change % Change
CAP 15.40 15.40 16.90 1.50 9.74
UAC-PROP 0.84 0.84 0.92 0.08 9.52
GLAXOSMITH 4.85 4.85 5.15 0.30 6.19
NEIMETH 1.66 1.66 1.75 0.09 5.42
TRANSCORP 0.59 0.59 0.62 0.03 5.08
STANBIC 30.00 30.00 31.50 1.50 5.00
JAPAULOIL 0.21 0.21 0.22 0.01 4.76

 

Top 7 Losers

Company Pclose Open Close Change % Change
ETERNA 2.00 2.00 1.82 -0.18 -9.00
LIVESTOCK 0.65 0.65 0.62 -0.03 -4.62
MBENEFIT 0.22 0.22 0.21 -0.01 -4.55
LASACO 0.25 0.25 0.24 -0.01 -4.00
MAYBAKER 3.00 3.00 2.90 -0.10 -3.33
ZENITHBANK 16.95 16.95 16.50 -0.45 -2.65
FCMB 1.94 1.94 1.90 -0.04 -2.06

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
FBNH                            66,441,272                      334,160,917 5.05
ACCESS                            59,194,515                      378,756,290 6.40
ZENITHBANK                            30,793,410                      521,189,659 16.50
PRESCO                            26,155,928                   1,255,775,362 48.00
STERLNBANK                            12,247,785                        14,297,365 1.14
UBA                            11,730,556                        73,949,790 6.30

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
PRESCO                            26,155,928              1,255,775,361.50 48.00
ZENITHBANK                            30,793,410                 521,189,659.05 16.50
ACCESS                            59,194,515                 378,756,290.10 6.40
FBNH                            66,441,272                 334,160,917.25 5.05
GUARANTY                              9,092,452                 214,176,224.30 23.60
MTNN                              1,406,067                 165,829,249.10 118.00
MOBIL                                 574,691                 100,532,350.00 175.00

 

 

 


 

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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