NESTLE, MTNN Pushes NSE-ASI Up by 0.02%

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Activities on the Nigerian Bourse Market today (Wednesday) closed on a positive note to halt the four consecutive days of bearish run, as market performance indices (NSE-ASI and Market Cap) grew marginally by 0.02%. The performance was driven by investors renewed posItive sentiments in blue-chip stocks like NESTLE, MTNN, STANBIC, FLOURMILLS and 9 others. However, the market breadth closed negatively, recording 26 losers against 13 gainers.

Nigerian Stock Exchange 2

NSE Trading Floor

In summary, the All-Share Index (ASI) grew by 7.12 absolute points, representing an increase of 0.02% to close at 38,774.03 points. While the overall Market Capitalization value gained N3.87billion, representing a growth of 0.02% to close at N20.29 trillion.

STERLINGBANK emerged as the top loser (by percentage points) for today, with a price depreciation of -9.47%, while JAIZBANK emerged as the top gainer (by percentage points) with a maximum price appreciation of +10.00%.

Today’s market gain was driven by price appreciation in large and medium capitalized stocks amongst which are; INITSPLC(+9.52%), ROYALEX(+8.33%), JAPAULGOLD(+8.16%), CHIPLC(+6.90%), FLOURMILLS(+6.90%), LINKASSURE(6.33%), NESTLE (+3.27%), STANBIC(+3.14%), AFRIPRUD(+2.86%),   WEMABANK(+1.69%), and MTNN (+1.12).

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MARKET STATISTICS

 

CAP N20,286,783,974,042.80 One Day (ASI CHG) +0.02%
Index 38,774.03 One Week (ASI CHG) -0.69%
Volume 356,461,102 One Month (ASI CHG) -1.42%
Value N4,193,302,105.65 Six Months (ASI CHG) +35.41%
Deals 6,130 52 Weeks (ASI CHG) +85.30%
Gainers 13 Losers 26
Unchanged 73 Total 112
YTD Returns -3.72%

Source: NSE, GTI Research 

 

FMDQ ABOUT

FOREIGN EXCHANGE

The Naira at the official rate remains unchanged to close at N379.00/$1 as against last Thursday’s position.

The Investors and Exporters (I&E) FX window opened at N409.74 traded high at N419.30 and eventually closed at N411representing 0.12% depreciation against Tuesday’s position. Also, a total of $40.80 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 13.50%, representing a 0.25% depreciation against last Thursday’s position, while Open Buy-Back (OBB) rate closed at 12.67%,  representing a 0.83% depreciation as against yesterday’s position.

 

Sector Performance

Security % Change
NSE30 -0.03
NSEBNK -3.12
NSECNSMRGDS 1.88
NSEINDUSTR -0.14
NSEINS -1.71
NSELOTUSISLM 0.97
NSEOILGAS -0.28

Top 7 Gainers

Company Previous Closing Price Open Price Close Change % Change
JAIZBANK 0.6 0.6 0.66 0.06 10.00
INITSPLC 0.42 0.42 0.46 0.04 9.52
ROYALEX [MRF] 0.36 0.36 0.39 0.03 8.33
JAPAULGOLD [MRF] 0.49 0.53 0.53 0.04 8.16
CHIPLC 0.29 0.29 0.31 0.02 6.90
FLOURMILL 29 29 31 2 6.90
LINKASSURE 0.79 0.79 0.84 0.05 6.33

Top 7 Losers

Company Previous Closing Price Open Price Close Change % Change
STERLNBANK 1.69 1.69 1.53 -0.16 –        9.47
PHARMDEKO 1.48 1.48 1.34 -0.14 –        9.46
PRESTIGE [BLS] 0.46 0.46 0.42 -0.04 –        8.70
ARDOVA 15.2 15.2 14.15 -1.05 –        6.91
TRANSCORP 0.82 0.82 0.77 -0.05 –        6.10
LIVESTOCK 1.87 1.87 1.76 -0.11 –        5.88
WAPIC [MRF] 0.53 0.53 0.5 -0.03 –        5.66

Top 7 Traders By Volume

Company Close Volume Value
ZENITHBANK 21 49,657,891 1,043,674,363.55
ACCESS 7.9 38,246,433 307,454,629.25
TRANSCORP 0.77 31,698,192 24,771,086.48
GUARANTY 28.2 28,894,286 810,287,578.40
MBENEFIT [MRF] 0.42 25,448,694 10,020,644.99
FIDELITYBK 2.5 20,979,086 52,953,215.25
JAPAULGOLD [MRF] 0.53 19,359,518 10,194,134.44

Top 7 Traders By Value

Company Close Volume Value
ZENITHBANK 21 49,657,891 1,043,674,363.55
GUARANTY 28.2 28,894,286 810,287,578.40
NESTLE 1420 366,372 520,912,650.50
MTNN 162 2,353,979 381,241,413.80
ACCESS 7.9 38,246,433 307,454,629.25
UACN 9.75 12,855,939 125,991,988.65
UBA 6.95 12,988,610 90,126,357.90

 

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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