Modest recovery pushes Local bourse to halt six days downtrend

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Trading activities on the Nigerian equity market today (Friday) closed on positively with a gain of 0.83%, halting the losing streak of six consecutive trading day. The uptrend was buoyed by modest recovery on bellwether stocks like ETI, NB, ZENITHBANK and 11 others. Consequently, the market breadth closed on a positive note, recording 14 gainers as against 13 losers.

NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 203.78 absolute points, representing a growth of 0.83% to close at 24,829.02 points. Similarly, the overall Market Capitalization size gained N106.31 million, representing an increase of 0.83% to close at N12.95 trillion.

AIRTELAFRI emerged as the top gainers while FIDSON emerged as the top loser.

The downturn was impacted by losses recorded in large and medium capitalized stocks, amongst which are; ETI (+9.38%), JAPAULOIL (+4.17%), NESTLE (+1.78%), NB (+0.86%) and ZENITHBANK (+0.31%).

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MARKET STATISTICS

CAP N12,952,286,110,017.93 One Day (ASI CHG) +0.83%
Index 24,829.02 One Week (ASI CHG) +1.01%
Volume 127,204,531 One Month (ASI CHG) -1.49%
Value N2,153,829,222.25 Six Months (ASI CHG) -4.84%
Deals 2,844 52 Weeks (ASI CHG) -16.14%
Gainers 14 Losers 13
Unchanged 68 Total 95
YTD -7.50%

Source: NSE, GTI Research

FOREIGN EXCHANGE

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

The Investors and Exporters (I&E) FX window opened at N386.36, traded high at N389.75, and eventually closed at N386.33, representing a 0.03% depreciation against the previous day’s closing position. A total of $14.68 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 16.10%, representing a 0.82% depreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 15.20%, representing a 0.83% depreciation against the previous day’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 392.77 395.94 +3.17 bps
T.Bills 195.99 187.76 -8.23 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

 The NASD OTC market on Friday closed negatively, as the Unlisted Securities Index (USI) closed at 709.11, representing a 0.86% depreciation against the previous day’s closing position. Similarly, Market Capitalization shed N4.48 billion, to close at N516.41 billion, representing a dip of 0.86% against the previous day’s closing position. Consequently, the aggregate volume increased by 147.01% while the aggregated value decreased by 58.63% respectively, as investors traded a total of 41,350 shares, worth N1.12 million in 5 deal.

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Sector Performance

Sector % Change
NSE30 -0.01
BANKING 0.64
CONSUMER GOODS 0.96
INDUSTRIAL -0.35
INSURANCE 0.04
LOTUS ISLAMIC -0.03
OIL/GAS -0.45

 

Top 7 Gainers

Company Pclose Open Close Change % Change
AIRTELAFRI 298.90 298.90 328.70 29.80 9.97
ABCTRANS 0.51 0.51 0.56 0.05 9.80
NEIMETH 1.25 1.25 1.37 0.12 9.60
ETI 4.80 4.80 5.25 0.45 9.38
UACN 7.00 7.00 7.45 0.45 6.43
MBENEFIT 0.21 0.21 0.22 0.01 4.76
JAPAULOIL 0.24 0.24 0.25 0.01 4.17

 

Top 7 Losers

Company Pclose Open Close Change % Change
FIDSON 3.30 3.30 2.98 -0.32 -9.70
UNITYBNK 0.58 0.58 0.53 -0.05 -8.62
CHAMS 0.24 0.24 0.22 -0.02 -8.33
PZ 4.05 4.05 3.85 -0.20 -4.94
REGALINS 0.21 0.21 0.20 -0.01 -4.76
ROYALEX 0.24 0.24 0.23 -0.01 -4.17
OANDO 2.50 2.50 2.40 -0.10 -4.00

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
GUARANTY                            38,314,358                      870,507,539 22.70
AIICO                            13,523,830                        13,500,190 0.99
FBNH                              6,712,397                        34,924,466 5.20
FCMB                              6,679,390                        12,322,078 1.86
MBENEFIT                              5,273,500                          1,171,170 0.22
CHAMS                              5,250,527                          1,188,888 0.22
NB                              4,771,811                      166,846,801 35.00

 


Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                            38,314,358                 870,507,539.20 22.70
NESTLE                                 392,879                 471,199,131.20 1200.00
DANGCEM                              2,191,721                 279,783,888.20 128.00
NB                              4,771,811                 166,846,801.05 35.00
AIRTELAFRI                                 202,607                   66,575,166.50 328.70
ZENITHBANK                              3,987,084                   64,590,415.75 16.20
FBNH                              6,712,397                   34,924,465.50 5.20

 

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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