MTNN and 22 others push Nigerian bourse higher, gained 1.70%

224 Views

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%).

Click here for more on NSE Daily Price List

 

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.

Click here for more on NASD Daily Price List

 

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

 

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.

You may also like...