MTNN and 17 others sustains market positive momentum

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The Nigerian equities market today (Thursday), closed positively, extending the previous positive momentum to six consecutive trading day, with a marginal gain of 0.07%, following value appreciation on MTNN, DANGCEM and 16 others. However, the market breadth closed negatively, recording 20 losers as against 18 gainers.

 

NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 14.90 absolute points, representing a growth of 0.07% to close at 22,554.84 points. Similarly, the overall Market Capitalization size gained N7.76 billion, representing an increase of 0.07% to close at N11.75 trillion.

NESTLE emerged as the top gainer while ACCESS & STERLNBANK emerged as the top losers.

The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; NESTLE (+10.00%), NB (+9.89%), MTNN (+3.57%), DANGCEM (+2.18%), HONYFLOUR (+2.13%) and GLAXOSMITH (+0.95%).

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MARKET STATISTICS

CAP N11,754,521,304,026.03 One Day (ASI CHG) +0.07%
Index 22,554.84 One Week (ASI CHG) +5.48%
Volume 379,110,193.00 One Month (ASI CHG) -1.61%
Value N4,327,067,089.55 Six Months (ASI CHG) -14.75%
Deals 5,985.00 52 Weeks (ASI CHG) -25.03%
Gainers 18 Losers 20
Unchanged 53 Total 91
-15.97%

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 N385.72, traded high at N390.00 and eventually closed at N386.00, representing a 0.10% depreciation against yesterday’s closing position. A total of $14.22 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 2.67%, representing a 0.25% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 2.00%, unchanged against yesterday’s position.

FIXED INCOME
Securities P. Close Close Change
Bond 532.54 531.13 -1.41 bps
T.Bills 483.13 476.27 -6.86 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

The NASD OTC market on Thursday remained unchanged as the Unlisted Securities Index (USI) closed at 698.22, against the previous day’s closing position. Similarly, Market Capitalization closed unchanged at N512.89 billion, against the previous day’s position. Consequently, the aggregate volume and value increased by 140,953.30% and 6,042.49%, as investors traded a total of 2,990,330 volumes of shares, valued at N35.16 in 5 deals.

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Sector Performance

Top 7 Gainers

Company Pclose Open Close Change % Change
NESTLE 830.20 830.20 913.20 83.00 10.00
NB 26.80 26.80 29.45 2.65 9.89
CONOIL 14.45 14.45 15.85 1.40 9.69
CORNERST 0.54 0.54 0.59 0.05 9.26
CHAMPION [BLS] 0.88 0.88 0.96 0.08 9.09
NEIMETH 0.55 0.55 0.60 0.05 9.09
UNIONDAC 0.29 0.29 0.31 0.02 6.90

 

Top 7 Losers

Company Pclose Open Close Change % Change
ACCESS 7.00 7.00 6.30 -0.70 -10.00
STERLNBANK 1.50 1.50 1.35 -0.15 -10.00
NAHCO 2.35 2.35 2.12 -0.23 -9.79
ZENITHBANK 15.90 15.90 14.35 -1.55 -9.75
JOHNHOLT 0.56 0.56 0.51 -0.05 -8.93
UBA 6.50 6.50 6.00 -0.50 -7.69
WAPCO 12.85 12.85 12.00 -0.85 -6.61


Top 7 Traders By Volume

Company Volume Value(₦) Current Price
ZENITHBANK                            84,563,274                   1,250,129,174 14.35
FBNH                            65,669,358                      307,853,691 4.55
EKOCORP [BLS]                            58,000,748                      348,004,149 6.00
UBA                            29,172,725                      176,139,673 6.00
GUARANTY                            26,283,835                      542,708,286 20.50
FIDELITYBK                            22,150,697                        45,140,595 2.04
ACCESS                            10,039,938                        66,105,883 6.30

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
ZENITHBANK                            84,563,274              1,250,129,173.70 14.35
NESTLE                                 966,365                 877,545,451.80 913.20
GUARANTY                            26,283,835                 542,708,286.40 20.50
EKOCORP [BLS]                            58,000,748                 348,004,149.20 6.00
FBNH                            65,669,358                 307,853,691.05 4.55
DANGCEM                              1,576,302                 209,889,702.10 136.00
UBA                            29,172,725                 176,139,672.50 6.00

 

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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