Local bourse sustains uptrend, post N343.96 billion gain.

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The Nigerian equities market today (Wednesday), closed on a positive note, extending the previous positive sentiment to five consecutive trading day, with a gain of N343.96 billion (3.02%), following value appreciation on DANGCEM, ACCESS, ZENITHBANK and 25 others. Consequently, the market breadth closed positively, recording 28 gainers as against 11 losers.

 

NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 659.99 absolute points, representing a growth of 3.02% to close at 22,539.94 points. Similarly, the overall Market Capitalization size gained N343.96 billion, representing an increase of 3.02% to close at N11.75 trillion.

DANGCEM & 2 others  emerged as the top gainer while ARBICO emerged as the top loser.

The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; DANGCEM (+10.00%), NB (+9.84%), ZENITHBANK (+9.66%), DANGSUGAR (+8.55%), GUARANTY (+7.09%), ACCESS (+6.87%), WAPCO (+3.63%), UBA (+3.17%), ETI (+3.09%),  and FBNH (+1.04%).

Click here for more on NSE Daily Price List

 

MARKET STATISTICS

CAP N11,746,758,226,861.68 One Day (ASI CHG) +3.02%
Index 22,539.94 One Week (ASI CHG) +6.96%
Volume 326,444,379.00 One Month (ASI CHG) -2.09%
Value N3,338,708,297.07 Six Months (ASI CHG) -14.85%
Deals 5,166.00 52 Weeks (ASI CHG) -24.79%
Gainers 28 Losers 11
Unchanged 50 Total 90
-16.03%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Wednesday closed unchanged at 361.00/$1, against previous day’s position.

The Investors and Exporters (I&E) FX window opened at N388.38, traded high at N401.57 and eventually closed at N385.63, representing a 0.26% appreciation against yesterday’s closing position. A total of $30.42 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 2.42%, representing a 0.42% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 2.00%, representing 0.33% depreciation against yesterday’s position.

FIXED INCOME
Securities P. Close Close Change
Bond 549.41 532.54 -16.87 bps
T.Bills 497.86 483.13 -14.73 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

The NASD OTC market on Wednesday remained unchanged as the Unlisted Securities Index (USI) closed at 698.22, against previous day’s closing position. Similarly, Market Capitalization closed unchanged at N512.89 billion, against previous day’s position. Consequently, the aggregate volume and value decreased by 97.35% and 93.94%, as investors traded a total of 2,120 volume of shares, valued at N572,400 in 1 deals.

Click here for more on NASD Daily Price List

 

Sector Performance

Top 7 Gainers

Company Pclose Open Close Change % Change
CHAMPION [BLS] 0.80 0.80 0.88 0.08 10.00
DANGCEM 121.00 121.00 133.10 12.10 10.00
NEIMETH 0.50 0.50 0.55 0.05 10.00
OANDO 2.64 2.64 2.90 0.26 9.85
NB 24.40 24.40 26.80 2.40 9.84
ZENITHBANK 14.50 14.45 15.90 1.40 9.66
TRANSCORP 0.67 0.67 0.73 0.06 8.96

 

Top 7 Losers

Company Pclose Open Close Change % Change
ARBICO [BLS] 2.85 2.85 2.57 -0.28 -9.82
WEMABANK 0.62 0.62 0.56 -0.06 -9.68
CUTIX 1.32 1.32 1.20 -0.12 -9.09
AIICO 0.84 0.84 0.80 -0.04 -4.76
UBN [BLS] 6.50 6.50 6.20 -0.30 -4.62
HONYFLOUR 0.98 0.98 0.94 -0.04 -4.08
UPDCREIT 3.15 3.15 3.10 -0.05 -1.59

 


Top 7 Traders By Volume

Company Volume Value(₦) Current Price
FBNH                            74,757,704                      354,239,600 4.85
ZENITHBANK                            72,101,441                   1,096,573,240 15.90
GUARANTY                            36,769,275                      793,963,361 21.90
UBA                            22,916,525                      145,821,959 6.50
FCMB                            19,175,885                        32,252,931 1.70
FIDELITYBK                            18,294,169                        38,535,618 2.12
UCAP                              9,180,500                        20,765,945 2.30

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
ZENITHBANK                            72,101,441              1,096,573,239.55 15.90
GUARANTY                            36,769,275                 793,963,360.65 21.90
FBNH                            74,757,704                 354,239,599.70 4.85
DANGCEM                              2,109,306                 276,666,102.10 133.10
UBA                            22,916,525                 145,821,959.00 6.50
NESTLE                                 105,575                   96,368,010.90 830.20
MTNN                                 896,573                   91,506,226.10 98.00

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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