Investors’ Appetite in Financial and Oil & Gas Sector Sustains Equity Market Positive Sentiment
The Nigerian Equity Market closed trading activities today (Thursday) on a positive note, extending the previous trading gain as the NSE All-Share Index and Market Capitalization rose by 0.07%, on the back of investors buy-in sentiment on the Financial and Oil & Gas sector. Consequently, the market breadth closed positively, recording 13 gainers against 12 losers.
NSE Trading Floor
In summary, the All-Share Index (ASI) grew by 25.80 absolute points, representing an increase of 0.07% to close at 38,799.83 points. While the overall Market Capitalization value gained N13.50 billion, representing a growth of 0.07% to close at N20.30 trillion.
CHIPLC emerged as the top gainer (by percentage points) for today, with a price appreciation of +9.68%, while ROYALEX emerged as the top gainer (by percentage points) with a maximum price depreciation of -7.69%.
Today’s market gain was driven by price appreciation in large and medium capitalized stocks amongst which are; CHIPLC(+9.68%), JAPAULGOLD(+9.43%), OANDO(+5.16%), AIICO(+5.00%), ZENITHBANK(+3.81%), OKOMUOIL(+3.33%), GUARANTY(+2.68%), LIVESTOCK(+2.27%), ACCESS(+1.90%), STERLNBANK(+1.31%), TRANSCORP(+1.27%), and UBA(+0.72).
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MARKET STATISTICS
| CAP | N20,300,284,175,782.21 | One Day (ASI CHG) | +0.07% |
| Index | 38,799.83 | One Week (ASI CHG) | -0.30% |
| Volume | 145,331,844 | One Month (ASI CHG) | -1.51% |
| Value | N1,575,623,116.03 | Six Months (ASI CHG) | +35.92% |
| Deals | 3,525 | 52 Weeks (ASI CHG) | +84.12% |
| Gainers | 13 | Losers | 12 |
| Unchanged | 76 | Total | 101 |
| YTD Returns | -3.65% |
Source: NSE, GTI Research
FOREIGN EXCHANGE
The Naira at the official rate remains unchanged to close at N379.00/$1 as against yesterday’s position.
The Investors and Exporters (I&E) FX window opened at N410.50 traded high at N438.00 and eventually closed at N409.65, representing 0.33% appreciation against yesterday’s position. Also, a total of $11.85 million was transacted through the I&E window today.
MONEY MARKET
Overnight (O/N) rate closed at 15.00%, representing a 1.50% appreciation against yesterday’s position, while Open Buy-Back (OBB) rate closed at 14.50%, representing a 1.83% appreciation as against yesterday’s position.
Sector Performance
| Security | % Change |
| NSE30 | 0.39 |
| NSEBNK | 2.19 |
| NSECNSMRGDS | -0.20 |
| NSEINDUSTR | 0.00 |
| NSEINS | 0.60 |
| NSELOTUSISLM | 0.06 |
| NSEOILGAS | 0.40 |
Top 7 Gainers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| CHIPLC | 0.31 | 0.31 | 0.34 | 0.03 | 9.68 |
| JAPAULGOLD | 0.53 | 0.53 | 0.58 | 0.05 | 9.43 |
| OANDO | 3.1 | 3.1 | 3.26 | 0.16 | 5.16 |
| AIICO | 1.2 | 1.2 | 1.26 | 0.06 | 5.00 |
| ZENITHBANK | 21 | 21 | 21.8 | 0.8 | 3.81 |
| OKOMUOIL | 90 | 90 | 93 | 3 | 3.33 |
| GUARANTY | 28 | 28 | 28.75 | 0.75 | 2.68 |
Top 7 Losers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| ROYALEX | 0.39 | 0.39 | 0.36 | -0.03 | -7.69 |
| JAIZBANK | 0.66 | 0.66 | 0.62 | -0.04 | -6.06 |
| HONYFLOUR | 1.19 | 1.19 | 1.13 | -0.06 | -5.04 |
| DAARCOMM | 0.21 | 0.21 | 0.2 | -0.01 | -4.76 |
| LINKASSURE | 0.84 | 0.84 | 0.8 | -0.04 | -4.76 |
| COURTVILLE | 0.23 | 0.23 | 0.22 | -0.01 | -4.35 |
| INTBREW | 5.7 | 5.7 | 5.55 | -0.15 | -2.63 |
Top 7 Traders By Volume
| Security | Daily Volume | Daily Value | Close Price |
| FBNH | 21,851,331 | 157,179,233.85 | 7.25 |
| GUARANTY | 20,500,310 | 589,173,071.90 | 28.75 |
| ZENITHBANK | 17,584,133 | 379,878,208.55 | 21.80 |
| ACCESS | 8,596,059 | 68,887,206.60 | 8.05 |
| JAPAULGOLD | 7,580,118 | 4,339,371.64 | 0.58 |
| TRANSCORP | 7,119,999 | 5,637,642.25 | 0.80 |
| FIDELITYBK | 6,947,830 | 17,300,647.48 | 2.46 |
Top 7 Traders By Value
| Security | Daily Volume | Daily Value | Close Price |
| GUARANTY | 20,500,310 | 589,173,071.90 | 28.75 |
| ZENITHBANK | 17,584,133 | 379,878,208.55 | 21.80 |
| FBNH | 21,851,331 | 157,179,233.85 | 7.25 |
| OKOMUOIL | 782,046 | 69,944,956.00 | 93.00 |
| ACCESS | 8,596,059 | 68,887,206.60 | 8.05 |
| UBA | 6,091,932 | 42,600,609.30 | 7.00 |
| DANGCEM | 163,704 | 35,440,264.40 | 215.00 |
