MTNN, DANGCEM & 9 others led equity market to halt four days losing streak, gains 1.40%

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The Nigeria equity market on today (Thursday) closed on a positive note with a growth of 1.40%, halting the previous negative momentum of four consecutive trading days. The upturn was supported by value appreciation on some big-name stocks like DANGCEM, MTNN, ACCESS and 8 others. However, the market breadth closed at par, recording 11 gainers as against 11 losers.

NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 338.74 absolute points, representing a growth of 1.40% to close at 24,512.27 points. Similarly, the overall Market Capitalization size increased by N176.71 billion, representing an increase of 1.40% to close at N12.79 trillion

DANGCEM emerged as the top gainer while NEIMETH emerged as the top loser.

The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; DANGCEM (+10.00%), FBNH (+1.01%), MTNN (+0.84%)  and ACCESS (+0.81%).

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MARKET STATISTICS

CAP N12,787,048,277,096.43 One Day (ASI CHG) +1.40%
Index 24,512.27 One Week (ASI CHG) +0.75%
Volume 164,289,152 One Month (ASI CHG) -0.97%
Value N2,125,954,871.90 Six Months (ASI CHG) -17.16%
Deals 2,986 52 Weeks (ASI CHG) -12.91%
Gainers 11 Losers 11
Unchanged 70 Total 92
YTD -8.68%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Wednesday closed at 381.00/$1, unchanged against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N388.65, traded high at N390.00, and eventually closed at N388.17, unchanged against the previous day’s closing position. A total of $29.77 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 2.50%, representing a 0.30% depreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 1.90%, representing a 0.20% depreciation against the previous day’s position.

 

FIXED INCOME
Securities Close P. Close Change
Bond 313.42 314.63 -1.21 bps
T.Bills 191.26 200.02 -8.76 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

 The NASD OTC market today (Thursday) closed as the Unlisted Securities Index (USI) closed at 706.52, unchanged against the previous day’s closing position. Similarly, Market Capitalization at N518.99 billion, unchanged against the previous day’s closing position. Consequently, the aggregate volume and value increased by 1,852.76% and 782.83% respectively, as investors traded a total of 28,315 shares, worth N961,330 in 7 deal.

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Sector Performance

Sector % Change
NSE30 1.65
BANKING -0.08
CONSUMER GOODS -0.23
INDUSTRIAL 3.26
INSURANCE 0.12
LOTUS ISLAMIC 1.66
OIL/GAS -0.04

 

Top 7 Gainers

Company Pclose Open Close Change % Change
DANGCEM 122.00 122.00 134.20 12.20 10.00
JAIZBANK 0.54 0.54 0.58 0.04 7.41
CUSTODIAN 4.85 5.00 5.00 0.15 3.09
AFRIPRUD 4.01 4.01 4.12 0.11 2.74
STERLNBANK 1.18 1.18 1.20 0.02 1.69
MANSARD 1.58 1.58 1.60 0.02 1.27
FCMB 1.90 1.90 1.92 0.02 1.05

 

Top 7 Losers

Company Pclose Open Close Change % Change
NEIMETH 1.50 1.50 1.40 -0.10 -6.67
MBENEFIT 0.21 0.21 0.20 -0.01 -4.76
BUACEMENT 41.45 41.45 40.00 -1.45 -3.50
DANGSUGAR 12.00 12.00 11.70 -0.30 -2.50
CAVERTON 1.84 1.84 1.80 -0.04 -2.17
FIDELITYBK 1.76 1.76 1.73 -0.03 -1.70
TRANSCORP 0.66 0.66 0.65 -0.01 -1.52

 

Top 7 Traders By VolumeTop

Company Volume Value(₦) Current Price
FBNH                            42,674,538                      211,269,807 5.00
CUSTODIAN                            20,035,551                      100,177,655 5.00
ZENITHBANK                            17,936,679                      278,969,704 15.55
GUARANTY                            11,671,229                      251,195,126 21.50
UBA                              8,443,421                        51,507,142 6.10
TRANSCORP                              6,945,190                          4,471,232 0.65
FLOURMILL                              5,279,081                        89,747,110 17.00

 

7 Traders By Value

Company Volume Value(₦) Current Price
DANGCEM                              3,255,012                 430,514,491.50 134.20
MTNN                              3,124,747                 374,923,648.90 120.00
ZENITHBANK                            17,936,679                 278,969,704.45 15.55
GUARANTY                            11,671,229                 251,195,125.50 21.50
FBNH                            42,674,538                 211,269,807.30 5.00
BUACEMENT                              4,144,079                 161,724,126.55 40.00
CUSTODIAN                            20,035,551                 100,177,655.00 5.00

 

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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