MTNN, ZENITHBANK lead the bulls to close Nigerian bourse green


The Nigerian bourse today (Thursday) closed on a positive note as the All-Share-Index appreciated by 0.20% to sustain previous positive sentiment to five consecutive trading day. The uptrend was supported by value appreciation on some bellwether stocks like MTNN, ZENITHBANK, GUARANTY and 16  others. Consequently, the market breadth closed on a positive note, recording 19 gainers as against 6 losers.

NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 51.02 absolute points, representing a growth of 0.20% to close at 25,511.02 points. Similarly, the overall Market Capitalization size gained N26.62 billion, representing an increase of 0.20% to close at N13.31 trillion.

UAC-PROP 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; VITAFOAM (+5.09%), ZENITHBANK (+1.47%), UBA (+0.78%), MTNN (+0.51%) and GUARANTY (+0.19%).

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CAP N13,308,734,163,750.62 One Day (ASI CHG) +0.20%
Index 25,511.02 One Week (ASI CHG) +0.82%
Volume 232,416,080 One Month (ASI CHG) +2.69%
Value N1,315,221,250.27 Six Months (ASI CHG) -3.46%
Deals 3,377 52 Weeks (ASI CHG) -7.52%
Gainers 19 Losers 6
Unchanged 67 Total 92
    YTD -4.96%

Source: NSE, GTI Research


The Naira at the official window today (Thursday) closed at 379.00/$1, unchanged against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N386.48, traded high at N395.13, and eventually closed at N386.25, representing a 0.06% depreciation against the previous day’s closing position. A total of $38.46 million was transacted through the I&E window today.



Overnight(O/N) rate today (Thursday) closed at 3.25%, representing a 2.08% depreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 2.50%, representing a 2.17% depreciation against the previous day’s position.


Securities Close P. Close Change
Bond 366.18 365.40 +0.78 bps
T.Bills 129.07 133.12 -4.05 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research



 The NASD OTC market today (Thursday) closed as the Unlisted Securities Index (USI) closed at 714.21, representing a 0.67% appreciation against the previous day’s closing position. Similarly, Market Capitalization gained N3.50 million closed at N524.64 billion, representing against the previous day’s closing position. Consequently, the aggregate volume and value increased by 626.77% and 5.63% respectively, as investors traded a total of 11,890 shares, worth N518,447.50 in 3 deal.

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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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