Equity market upholds positive sentiment as investors rally N136 billion gain

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The Nigerian equity market on Tuesday upholds yesterday’s positive sentiment, as the market performance indicators grew by 1.09%. The growth was impacted by price appreciation on Okomuoil, Dangcem and 27 others. Consequently, the market breadth closed positively, recording 29 gainers as against 8 losers.

 

NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 261.12 absolute points, representing a growth of 1.09% to close at 24,202.87 points. Similarly, the overall Market Capitalization size gained N136.09 million, representing an increase of 1.09% to close at N12.61 trillion.

CAVERTON emerged as the top gainer while LASACO emerged as the top loser.

The uptrend was impacted by gains recorded in large and medium capitalized stocks, amongst which are; UNILEVER (+9.85%), TRANSCORP (+5.80%), FIDELITYBK (+5.17%), FBNH (+4.08%), ACCESS (+3.13%), DANGCEM (+2.79%), GUARANTY (+2.42%), UBA (+2.40%), ZENITHBANK (+2.26%), UACN (+2.21%), and STANBIC (+1.09%).

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MARKET STATISTICS

CAP N12,613,400,889,027.78 One Day (ASI CHG) +1.09%
Index 24,202.87 One Week (ASI CHG) +2.14%
Volume 339,756,744 One Month (ASI CHG) +5.59%
Value N3,921,291,338.71 Six Months (ASI CHG) -9.49%
Deals 4,784 52 Weeks (ASI CHG) -16.17%
Gainers 29 Losers 8
Unchanged 59 Total 96
-9.83%

Source: NSE, GTI Research

FOREIGN EXCHANGE

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

The Investors and Exporters (I&E) FX window opened at N388.00, traded high at N390.69 and eventually closed at N386.33, to remain unchanged as against yesterday’s closing position. A total of $40.28 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 2.30%, representing a 0.03% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 1.90%, representing a 0.07% appreciation against yesterday’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 497.45 495.85 -1.60 bps
T.Bills 335.37 325.06 -10.31 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

The NASD OTC market on Tuesday remains unchanged as the Unlisted Securities Index (USI) closed at 688.51,  as against yesterday’s closing position. Similarly, Market Capitalization closed at N505.76 billion. The aggregate volume and value declined by 94.09% and 64.59% respectively, as investors traded a total of 16,200 shares, worth N4.44 million in 3 deal.

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Sector Performance

Sector %    Change
NSE30 1.32
BANKING 2.08
CONSUMER GOODS 0.33
INDUSTRIAL 0.78
INSURANCE 0.41
LOTUS ISLAMIC 0.97
OIL/GAS 0.24

Top 7 Gainers

Company Pclose Open Close Change % Change
CAVERTON 2.50 2.50 2.75 0.25 10.00
OKOMUOIL 58.55 58.55 64.40 5.85 9.99
UNILEVER 13.70 13.70 15.05 1.35 9.85
CILEASING 4.60 4.60 5.05 0.45 9.78
CUTIX 1.36 1.36 1.49 0.13 9.56
NPFMCRFBK 1.82 1.82 1.94 0.12 6.59
UNITYBNK 0.49 0.49 0.52 0.03 6.12

Top 7 Losers

Company Pclose Open Close Change % Change
LASACO 0.25 0.25 0.23 -0.02 -8.00
NAHCO 2.44 2.44 2.33 -0.11 -4.51
WAPIC 0.30 0.30 0.29 -0.01 -3.33
INTBREW 5.00 5.00 4.85 -0.15 -3.00
WEMABANK 0.59 0.59 0.58 -0.01 -1.69
FCMB 1.75 1.75 1.74 -0.01 -0.57
WAPCO 11.35 11.35 11.30 -0.05 -0.44

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
ACCESS                             80,649,497                       545,806,753 6.60
GUARANTY                             41,887,746                       971,996,957 23.30
ZENITHBANK                             39,746,368                       628,857,208 15.85
FBNH                             33,872,849                       169,289,338 5.10
LASACO                             19,746,753                           4,631,905 0.23
UBA                             16,968,168                       107,857,938 6.40
UCAP                             11,699,776                         29,543,282 2.56

Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                             41,887,746                  971,996,956.75 23.30
ZENITHBANK                             39,746,368                  628,857,207.55 15.85
DANGCEM                               3,938,670                  579,580,431.00 147.50
ACCESS                             80,649,497                  545,806,752.95 6.60
GUINNESS                             11,212,785                  190,691,858.50 17.00
FBNH                             33,872,849                  169,289,337.75 5.10
NESTLE                                  139,503                  143,835,119.60 995.00

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