MTNN and 22 others push Nigerian bourse higher, gained 1.70%
The Nigeria equity market on Tuesday closed higher, halting the downtrend of seven consecutive trading days, following gains in MTNN, ACCESS, ZENITHBANK and 20 others. Consequently, the market breadth closed positive, recording 23 gainers against 12 losers.
NSE Trading Floor
In summary, the All-Share Index (ASI) increased by 438.54 absolute points, representing a growth of 1.70% to close at 26,255.11 points. Similarly, the overall Market Capitalization size gained N231.91 billion, representing a growth of 1.70% to close at N13.68 trillion.
PZ emerged as the top gainer while ABCTRANS emerged as top loser.
The uptrend was impacted by gains recorded in large and medium capitalized stocks, amongst which are; ACCESS (+9.74%), FBNH (+9.57%), UBN (+9.23%), ZENITHBANK (+8.59%), GUARANTY (+7.93%), NESTLE (+6.19%), UBA (+6.19%), ETI (+5.88%), and MTNN (+4.55%).
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MARKET STATISTICS
| CAP | N13,681,193,348,889.07 | One Day (ASI CHG) | +1.70% |
| Index | 26,255.11 | One Week (ASI CHG) | -2.67% |
| Volume | 387,895,040 | One Month (ASI CHG) | -7.98% |
| Value | N5,076,436,760.80 | Six Months (ASI CHG) | -4.83% |
| Deals | 4,901 | 52 Weeks (ASI CHG) | -18.40% |
| Gainers | 23 | Losers | 12 |
| Unchanged | 56 | Total | 91 |
| YTD Returns | -2.19% |
Source: NSE, GTI Research
FOREIGN EXCHANGE
The Naira at the official window on Tuesday closed unchanged at 307.00/$1, against yesterday’s position.
The Investors and Exporters (I&E) FX window opened at N365.42, traded high at N366.50 and eventually closed at N366.01, representing a 0.15% depreciation against yesterday’s closing position. A total of $49.53 million was transacted through the I&E window today.
MONEY MARKET
Overnight(O/N) rate closed at 15.42%, representing a 0.17% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 14.67%, representing 0.17% depreciation against yesterday’s position.
| FIXED INCOME | |||
| Securities | P. Close | Close | Change |
| Bond | 479.89 | 481.19 | +1.30 bps |
| T.Bills | 548.65 | 558.08 | +9.43 bps |
| Note: BPS=> Basis Points |
Source: FMDQ, GTI Research
NASD OTC MARKET
The NASD OTC market on Tuesday closed unchanged as the Unlisted Securities Index (USI) closed at 700.39, against yesterday’s closing position. Similarly, Market Capitalization closed at N503.55 billion, unchanged against yesterday’s position. However, the aggregate volume decreased by 83.21% while the aggregated value increased by 104.88%, as investors traded a total of 210,600 volume of shares, valued at N33.19 million in 6 deals.
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Sector Performance
| Sector | % Change |
| NSE30 | +1.84 |
| BANKING | +7.99 |
| CONSUMER GOODS | +1.97 |
| INDUSTRIAL | -4.27 |
| INSURANCE | -1.59 |
| LOTUS ISLAMIC | -0.04 |
| OIL/GAS | 0.00 |
Top 7 Gainers
| Company | Pclose | Open | Close | Change | % Change |
| PZ | 4.05 | 4.05 | 4.45 | 0.40 | 9.88 |
| SKYAVN | 2.13 | 2.13 | 2.34 | 0.21 | 9.86 |
| ACCESS | 7.70 | 7.70 | 8.45 | 0.75 | 9.74 |
| FBNH | 4.70 | 4.70 | 5.15 | 0.45 | 9.57 |
| UACN | 7.40 | 7.40 | 8.10 | 0.70 | 9.46 |
| JAIZBANK | 0.54 | 0.54 | 0.59 | 0.05 | 9.26 |
| UBN | 6.50 | 6.50 | 7.10 | 0.60 | 9.23 |
Top 7 Losers
| Company | Pclose | Open | Close | Change | % Change |
| ABCTRANS | 0.30 | 0.30 | 0.27 | -0.03 | -10.00 |
| DANGSUGAR | 12.10 | 12.10 | 10.90 | -1.20 | -9.92 |
| OKOMUOIL | 68.00 | 68.00 | 61.40 | -6.60 | -9.71 |
| ROYALEX | 0.22 | 0.22 | 0.20 | -0.02 | -9.09 |
| MANSARD | 1.68 | 1.68 | 1.53 | -0.15 | -8.93 |
| NEIMETH | 0.46 | 0.46 | 0.42 | -0.04 | -8.70 |
| BUACEMENT | 37.15 | 37.15 | 34.40 | -2.75 | -7.40 |
Top 7 Traders By Volume
| Company | Volume | Value(₦) | Current Price |
| GUARANTY | 83,124,906 | 2,013,989,823 | 24.50 |
| ZENITHBANK | 54,550,478 | 1,048,778,419 | 19.60 |
| UBA | 37,817,388 | 261,366,531 | 6.85 |
| FBNH | 32,194,331 | 163,432,664 | 5.15 |
| ACCESS | 31,064,476 | 256,176,496 | 8.45 |
| CHAMS | 23,137,753 | 4,778,576 | 0.21 |
| STERLNBANK | 15,824,110 | 22,156,390 | 1.41 |
Top 7 Traders By Value
| Company | Volume | Value(₦) | Current Price |
| GUARANTY | 83,124,906 | 2,013,989,822.55 | 24.50 |
| ZENITHBANK | 54,550,478 | 1,048,778,418.90 | 19.60 |
| NB | 13,161,250 | 533,721,215.10 | 40.50 |
| UBA | 37,817,388 | 261,366,531.45 | 6.85 |
| ACCESS | 31,064,476 | 256,176,496.40 | 8.45 |
| DANGCEM | 1,195,991 | 182,992,911.40 | 170.00 |
| NESTLE | 166,892 | 178,857,581.60 | 1080.00 |
