MTNN Listing drives Equity market to 0.54% gain

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Following the listing of the much anticipated MTN Nigeria Communications Plc, the equity market performance index rose by 0.54%; halting previous 9 consecutive sessions of downtrend. However, market breadth closed  negative, recording 11 gainers and 25 losers.

NSE Trading Floor

The All Share Index (ASI) gained 152.11 absolute points, representing a growth of 0.54% to close at 28,438.19 points. Similarly, Market Capitalization grew by N1.90 trillion; representing an increased of 17.87% to close at N12.53 trillion due to the addition of N1.83 trillion market capitalization of MTN Nigeria Communications Plc

MTNN emerged the top gainer while UNITYBNK emerged as top loser.

The upturn was impacted by gains recorded in MTN (10.00%) and medium capitalized stocks, amongst which are; UNIONDAC (+4.35%), UNILEVER (+3.23%), NAHCO (+1.60%), UBN (+1.48%),  and UCAP (+0.41%).

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MARKET STATISTICS  

CAP N12,525,703,909,780.16 One Day (ASI CHG) +0.54%
Index 28,438.19 One Week (ASI CHG) -1.59%
Volume 312,356,615 One Month (ASI CHG) -4.40%
Value N2,811,502,871.99 Six Months (ASI CHG) -11.29%
Deals 3,933 52 Weeks (ASI CHG) -30.63%
Gainers 11 Losers 25
Unchanged 69 Total 105
  YTD Returns -9.52%  

Source: NSE, GTI Research

 

FOREIGN EXCHANGE

The Naira exchange rate at the official window remain unchanged to close at  N306.95/$1, against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N360.11, traded high at N361.40 and eventually closed at N360.35 representing a 0.05% appreciation as against yesterday’s closing position. A total of $551.97 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 6.57%, representing a 4.00% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 5.86%, representing a 4.00% depreciation against yesterday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 973.33 961.72 -11.61 bps
T.Bills 491.62 483.18 -8.44 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

NASD OTC MARKET         

The NASD market remain unchanged as the Unlisted Securities Index (USI) closed at 765.91 points against yesterday’s index. However, Market Capitalization declined by N10 million to closed at N550.26 billion. Conversely, market activities measured by aggregate volume and value grew by 143.56% and 322.67% respectively. Investors traded a total of 24,600 units of shares valued at N7.26 million in 2 deals.

Only Niger Delta Exploration and Production Plc was traded on the OTC Platform today.

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Sector Performance           

Sector %    Change
NSE30 -1.18
BANKING -1.71
CONSUMER GOODS -0.83
INDUSTRIAL -0.97
INSURANCE -0.05
LOTUS ISLAMIC -0.28
OIL/GAS -0.56

Top 7 Gainers    

Company Pclose Open Close Change % Change
MTNN   99.00 99.00 9.00 10.00
NPFMCRFBK 1.34 1.34 1.47 0.13 9.70
ABCTRANS 0.27 0.27 0.29 0.02 7.41
WAPIC 0.36 0.36 0.38 0.02 5.56
UNIONDAC 0.23 0.23 0.24 0.01 4.35
COURTVILLE 0.24 0.24 0.25 0.01 4.17
LASACO 0.29 0.29 0.30 0.01 3.45

Top 7 Losers           

Company Pclose Open Close Change % Change
UNITYBNK 0.72 0.72 0.65 -0.07 -9.72
CUTIX 1.80 1.80 1.65 -0.15 -8.33
SOVRENINS 0.25 0.25 0.23 -0.02 -8.00
WEMABANK 0.66 0.66 0.62 -0.04 -6.06
AFRIPRUD 3.82 3.82 3.60 -0.22 -5.76
CHAMS 0.36 0.36 0.34 -0.02 -5.56
AIICO 0.68 0.68 0.65 -0.03 -4.41

 Top 7 Traders By Volume    

Company Volume Value(₦) Current Price
TRANSCORP                           105,494,221                       130,090,774 1.14
ACCESS                             23,540,337                       153,636,262 6.50
FCMB                             23,165,071                         39,331,993 1.70
UBA                             19,739,479                       121,518,660 6.00
ZENITHBANK                             16,411,424                       325,322,782 19.55
GUARANTY                             16,289,343                       511,237,122 31.00
REGALINS                             10,495,308                           2,104,845 0.20

 Top 7 Traders By Value     

Company Volume Value(₦) Current Price
MTNN                               5,541,400                  548,598,600.00 99.00
GUARANTY                             16,289,343                  511,237,121.55 31.00
NB                               7,776,881                  494,559,714.35 62.50
ZENITHBANK                             16,411,424                  325,322,782.10 19.55
ACCESS                             23,540,337                  153,636,262.35 6.50
TRANSCORP                           105,494,221                  130,090,774.21 1.14
UBA                             19,739,479                  121,518,660.25 6.00

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