Local bourse sustains previous positive sentiment, gains 0.25%

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The Nigerian equity market today (Tuesday) closed on a positive note as the All-Share-Index appreciated by 0.25% to sustain the previous positive momentum to six consecutive trading days in a row. The uptrend was supported by value appreciation on some bellwether stocks like ZENITHBANK, UBA, BUACEMENT, and 12 others. However, the market breadth closed on a negative note, recording 20 losers as against 15 gainers.

NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 62.61 absolute points, representing a growth of 0.25% to close at 25,291.73 points. While the overall Market Capitalization size gained N32.67 billion, representing an increase of 0.25% to close at N13.19 trillion.

The market upturn was paired with mixed trading activity, as total volumes gained 0.06% while the values traded on the local bourse dipped by 50.50%, to a total of 251.34 million shares valued at N1.17 billion, in 3,713 deals.

NEM emerged as the top gainer while BETAGLAS emerged as the top loser.

The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; JAPAULOIL (+4.76%), BUACEMENT (+2.83%), WAPCO (+1.74%), FIDELITYBK (+1.13%), FLOURMILL (+1.08%), UBA (+0.77%) and ZENITHBANK (+0.30%).

Click here for more on NSE Daily Price List

 

MARKET STATISTICS

CAP N13,194,459,194,852.14 One Day (ASI CHG) +0.25%
Index 25,291.73 One Week (ASI CHG) +0.62%
Volume 251,339,756 One Month (ASI CHG) +3.54%
Value N1,168,425,066.40 Six Months (ASI CHG) -6.47%
Deals 3,713 52 Weeks (ASI CHG) -8.46%
Gainers 15 Losers 20
Unchanged 60 Total 95
    YTD -5.78%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window today (Tuesday) closed at 379.00/$1, representing 0.52% depreciation against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N385.64, traded high at N386.00, and eventually closed at N385.99, unchanged against the previous day’s closing position. A total of $7.20 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate today (Tuesday) closed at 2.50%, representing a 0.50% depreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 2.00%, unchanged against the previous day’s position.

 

FIXED INCOME
Securities Close P. Close Change
Bond 354.56 353.50 +1.06 bps
T.Bills 124.16 127.05 -2.89 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

 The NASD OTC market today (Tuesday) closed on a positive note as the Unlisted Securities Index (USI) closed at 711.96, representing a 0.11% appreciation against the previous day’s closing position. Similarly, Market Capitalization gained N600 million close at N522.99 billion, representing a 0.11% appreciation against the previous day’s closing position. Consequently, the aggregate volume and value increased by 2,274.39% and 330.69% respectively, as investors traded a total of 204,957 shares, worth N3.46 million in 11 deal.

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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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