Gains in bellwether stocks lift equity market by N128 billion

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Trading activities on the Nigerian equity market today (Wednesday) closed on a positive note, to reverse the previous session’s bearish sentiment, as the market performance index, All Share Index (ASI) grew by 0.63%, following the price appreciation in NESTLE, DANGCEM, SEPLAT and 20 others. Consequently, the market breadth closed marginally positive, recording 23 gainers against 22 losers.

Nigerian Stock Exchange 2

NSE Trading Floor

In summary, the All-Share Index (ASI) grew by 244.40 absolute points, representing an increase of 0.63% to close at 38,931.25 points. While the overall Market Capitalization value gained N127.87 billion, representing a surge of 0.63% to close at N20.37 trillion.

MORISON emerged as the top gainer with a price appreciation of +9.72% while, CHIPLC emerged as the top losers (by percentage points) for today, with a maximum price depreciation of -10.00%.

Today’s market gain was driven by price appreciation in large and medium capitalized stocks amongst which are; CHAMPION (+8.91%), NEIMETH(+8.85%),  STERLINGBANK(+4.83%),  OANDO(+4.83%),  DANGCEM(+3.64%),  AFRIPRUD(+3.48%), NESTLE(+1.85%), NB(+1.01%), MANSARD(+1.01%), FIDELITYBANK(+0.92%), ACCESS(+0.65%), GUINNESS(+0.43%), and SEPLAT(+0.02%).

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MARKET STATISTICS

CAP N20,369,019,754,383.65 One Day (ASI CHG) +0.63%
Index 38,931.25 One Week (ASI CHG) -1.49%
Volume 368,216,369.00 One Month (ASI CHG) -6.21%
Value N4,909,785,806.54 Six Months (ASI CHG) +53.12%
Deals 4,437 52 Weeks (ASI CHG) +51.79%
Gainers 23 Losers 22
Unchanged 69 Total 114
YTD Returns -3.33%

Source: NSE, GTI Research 

FMDQ ABOUT

FOREIGN EXCHANGE

The Naira at the official rate remains unchanged to close at N379.00/$1 as against Friday’s position.

The Investors and Exporters (I&E) FX window opened at N410.35 traded high at N415.00 and eventually closed at N411.13representing 0.21% appreciation against yesterday’s position. A total of $110.01 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 12.50%, representing a 1.00% appreciation against yesterday’s position, while Open Buy-Back (OBB) rate closed at 11.67%,  representing a 1.42% appreciation as against yesterday’s position.

Sector Performance

Security Change Percent
NSE30 0.6
NSEBNK -0.35
NSECNSMRGDS 0.4
NSEINDUSTR 1.74
NSEINS 0.18
NSELOTUSISLM 1.06
NSEOILGAS -0.03

Top 7 Gainers

Security Previous Close  Open Price   Close Price  Change Price  % Change
MORISON 0.72                        0.72                            0.79 0.07           9.72
CHAMPION 2.02                        2.02                            2.20 0.18           8.91
NEIMETH 1.92                        1.92                            2.09 0.17           8.85
MBENEFIT 0.39                        0.39                            0.42 0.03           7.69
NAHCO 2.11                        2.11                            2.25 0.14           6.64
WEMABANK 0.61                        0.61                            0.65 0.04           6.56
MAYBAKER 3.75                        3.75                            3.96 0.21           5.60

Top 7 Losers

Security Previous Close  Open Price   Close Price  Change Price  % Change
CHIPLC 0.3                        0.30                            0.27 -0.03 –      10.00
ETERNA 5.13                        5.13                            4.62 -0.51 –        9.94
CONOIL 18.9                      18.90                          17.05 -1.85 –        9.79
NNFM 5.7                        5.70                            5.15 -0.55 –        9.65
LIVESTOCK 1.88                        1.88                            1.70 -0.18 –        9.57
INTBREW 5                        5.00                            4.55 -0.45 –        9.00
NPFMCRFBK 1.75                        1.75                            1.61 -0.14 –        8.00

Top 7 Traders By Volume

Security Close Price  Daily Volume   Daily Value 
UBA 7           74,837,606       523,356,021.30
FBNH 7.05           65,359,833       467,822,419.90
GUARANTY 30.7           34,341,671   1,064,156,905.65
SOVRENINS 0.28           34,218,556           9,848,434.00
JAPAULGOLD 0.47           15,530,459           7,148,229.07
ACCESS 7.8           13,464,920       104,823,559.75
ZENITHBANK 21.75           12,132,503       265,015,005.25

Top 7 Traders By Value

Security Close Price  Daily Volume   Daily Value 
GUARANTY 30.7     34,341,671.00   1,064,156,905.65
NESTLE 1375           465,514.00       635,618,990.60
UBA 7     74,837,606.00       523,356,021.30
DANGCEM 228        2,180,016.00       495,695,010.20
NB 50        9,504,992.00       475,509,140.15
FBNH 7.05     65,359,833.00       467,822,419.90
SEPLAT 540           827,323.00       445,660,800.10

 

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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