Local bourse sustains positive performance on bargain hunting

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Transactions on the Nigeria equities market today (Thursday), sustained its positive performance of yesterday, as the NSE-ASI  rose by 1.47%, extending the gaining streak to three consecutive trading day, following bargain hunting on big-name stocks like in ACCESS, ZENITHBANK, UBA and 21 others. Consequently, the market breadth closed positively, recording 24 gainers as against 12 losers.

 

NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 310.77 absolute points, representing a growth of 1.47% to close at 21,384.03 points. Similarly, the overall Market Capitalization size gained N161.96 billion, representing an increase of 1.47% to close at N11.14 trillion.

DANGSUGAR emerged as the top gainer while OMATEK emerged as the top loser.

The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; DANGSUGAR (+9.74%), UBA (+9.73%), CADBURY (+9.52%), NESTLE (+8.52%), WAPCO (+7.20%), ETI (+5.68%), ZENITHBANK (+5.66%), GUARANTY (+3.01%), ACCESS (+2.31%), and SEPLAT (+1.00%).

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MARKET STATISTICS

CAP N11,144,349,999,239.12 One Day (ASI CHG) +1.47%
Index 21,384.03 One Week (ASI CHG) +1.37%
Volume 314,906,187.00 One Month (ASI CHG) -5.94%
Value N5,018,819,178.33 Six Months (ASI CHG) -19.56%
Deals 5,427.00 52 Weeks (ASI CHG) -27.14%
Gainers 24 Losers 12
Unchanged 54 Total 90
-20.33%

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 N387.04, traded high at N401.45 and eventually closed at N384.83, unchanged against yesterday’s closing position. A total of $76.18 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 16.83%, representing a 13.67% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 15.00%, representing 12.17% appreciation against yesterday’s position.

FIXED INCOME
Securities P. Close Close Change
Bond 567.47 568.81 +1.34 bps
T.Bills 539.94 512.61 -21.33 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

The NASD OTC market on Thursday closed higher as the Unlisted Securities Index (USI) closed at 698.22, representing a 0.49% appreciation against yesterday’s closing position. Similarly, Market Capitalization closed higher at N512.89 billion, representing a 0.49% appreciation against yesterday’s position. However, the aggregate volume and value decreased by 97.06% and 95.99%, as investors traded a total of 10,200 volume of shares, valued at N154,000 in 2 deals.

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Sector Performance

Top 6 Gainers

Company Pclose Open Close Change % Change
DANGSUGAR 9.75 9.75 10.70 0.95 9.74
UBA 5.65 5.65 6.20 0.55 9.73
LASACO 0.21 0.21 0.23 0.02 9.52
CADBURY 6.30 6.30 6.90 0.60 9.52
STERLNBANK 1.27 1.27 1.39 0.12 9.45
OANDO 2.20 2.20 2.40 0.20 9.09
NESTLE 765.00 765.00 830.20 65.20 8.52

 

Top 7 Losers

Company Pclose Open Close Change % Change
OMATEK [DWL] 0.34 0.34 0.31 -0.03 -8.82
CHAMS 0.23 0.23 0.21 -0.02 -8.70
UNITYBNK 0.46 0.46 0.42 -0.04 -8.70
JAIZBANK 0.51 0.51 0.47 -0.04 -7.84
SKYAVN 2.16 2.16 2.00 -0.16 -7.41
CORNERST 0.58 0.58 0.54 -0.04 -6.90
NAHCO 2.53 2.53 2.40 -0.13 -5.14


Top 7 Traders By Volume

Company Volume Value(₦) Current Price
FBNH                            56,017,226                      261,547,623 4.70
UBA                            37,770,530                      228,432,607 6.20
WAPCO                            34,990,736                      444,404,775 12.65
GUARANTY                            31,623,559                      596,092,104 18.85
ZENITHBANK                            28,280,126                      388,401,395 14.00
FIDELITYBK                            27,447,214                        56,773,980 2.10
DANGCEM                            17,211,051                   2,022,242,330 117.00

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
DANGCEM                            17,211,051              2,022,242,329.50 117.00
GUARANTY                            31,623,559                 596,092,103.90 18.85
NESTLE                                 575,233                 454,054,626.20 830.20
WAPCO                            34,990,736                 444,404,774.60 12.65
ZENITHBANK                            28,280,126                 388,401,395.45 14.00
FBNH                            56,017,226                 261,547,623.45 4.70
UBA                            37,770,530                 228,432,606.60 6.20

 

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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