NESTLE, 17 others sustains equity market positive momentum

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Transactions on the Nigerian equity market today (Monday) began the week on a positive note with a gain of 0.12%, sustaining Friday’s positive sentiment. The uptrend was buoyed by modest recovery on bellwether stocks like DANGSUGAR, NESTLE and 16 other. Consequently, the market breadth closed on a negatively, recording 29 losers as against 18 gainers.

NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 28.86 absolute points, representing a growth of 0.12% to close at 24,858.82 points. Similarly, the overall Market Capitalization size gained N15.58 million, representing an increase of 0.12% to close at N12.97 trillion.

OKOMUOIL, CUTIX & REGALINS  emerged as the top gainers while UNILEVER emerged as the top loser.

The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; OKOMUOIL (+10.00%), FIDSON (+7.38%), NESTLE (+4.73%), FBNH (+1.92%) and DANGSUGAR (+0.84%).

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MARKET STATISTICS

CAP N12,967,865,182,215.33 One Day (ASI CHG) +0.12%
Index 24,858.82 One Week (ASI CHG) +0.42%
Volume 158,719,415 One Month (ASI CHG) -1.62%
Value |N1,635,598,021.63 Six Months (ASI CHG) -5.90%
Deals 3,940 52 Weeks (ASI CHG) -17.05%
Gainers 18 Losers 29
Unchanged 69 Total 117
YTD -7.39%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Monday closed unchanged at 361.00/$1, against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N386.86, traded high at N390.00, and eventually closed at N386.00, representing a 0.09% appreciation against the previous day’s closing position. A total of $35.92 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 15.67%, representing a 0.43% depreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 14.92%, representing a 0.28% depreciation against the previous day’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 395.94 393.47 -2.47 bps
T.Bills 187.76 189.13 +1.37 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

 The NASD OTC market on Monday closed positively, as the Unlisted Securities Index (USI) closed at 715.51, representing a 1.78% appreciation against the previous day’s closing position. Similarly, Market Capitalization gained N9.18 billion, to close at N525.59 billion, representing an increase of 1.78% against the previous day’s closing position. Consequently, the aggregate volume and aggregated value increased by 57.73% and 482.56% respectively, as investors traded a total of 65,222 shares, worth N6.52 million in 11 deal.

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Sector Performance

Sector % Change
NSE30 0.21
BANKING -1.24
CONSUMER GOODS 1.86
INDUSTRIAL -0.14
INSURANCE 0.23
LOTUS ISLAMIC 0.72
OIL/GAS -0.62

 

Top 7 Gainers

Company Pclose Open Close Change % Change
CUTIX 1.60 1.60 1.76 0.16 10.00
UNITYBNK 0.52 0.52 0.57 0.05 9.62
CHAMS 0.23 0.23 0.25 0.02 8.70
ABCTRANS 0.47 0.47 0.51 0.04 8.51
BUACEMENT 41.40 41.40 44.00 2.60 6.28
FBNH 5.10 5.10 5.30 0.20 3.92
AIICO 0.97 0.97 1.00 0.03 3.09

 

Top 7 Losers

Company Pclose Open Close Change % Change
UNILEVER 17.00 17.00 15.30 -1.70 -10.00
ARDOVA 13.05 13.05 11.75 -1.30 -9.96
CHELLARAM 2.78 2.78 2.51 -0.27 -9.71
ETERNA 2.48 2.48 2.24 -0.24 -9.68
DEAPCAP 0.33 0.33 0.30 -0.03 -9.09
ABCTRANS 0.56 0.56 0.51 -0.05 -8.93
LIVESTOCK 0.68 0.68 0.62 -0.06 -8.82

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
GUARANTY                            17,831,822                      401,072,670 22.35
FBNH                            17,379,971                        91,346,922 5.30
ZENITHBANK                            10,247,855                      165,605,403 16.20
LASACO                            10,194,969                          2,734,649 0.25
UBA                              9,756,220                        61,440,355 6.25
FCMB                              8,341,124                        15,533,677 1.90
MBENEFIT                              6,159,154                          1,416,003 0.23

 


Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                            17,831,822                 401,072,670.00 22.35
NESTLE                                 197,673                 243,856,661.70 1256.80
MTNN                              1,720,652                 201,961,894.60 117.50
ZENITHBANK                            10,247,855                 165,605,402.70 16.20
DANGCEM                                 851,382                 108,533,561.70 128.00
FBNH                            17,379,971                   91,346,921.90 5.30
UBA                              9,756,220                   61,440,355.15 6.25

 

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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