Nigerian Equity market reverse previous negative sentiment, gains 0.93%

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Transaction activities on the Nigeria equity market reversed the previous day’s negative sentiment, as the market performance indicators gained 0.93% on Monday. The growth was impacted by value appreciation on MTNN, Access bank, Zenith bank and 28 others. Consequently, the market breadth closed positively, recording 31 gainers as against 11 losers.

 

NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 233.60 absolute points, representing a growth of 0.93% to close at 25,249.90 points. Similarly, the overall Market Capitalization size gained N121.89 million, representing an increase of 0.93% to close at N13.17 trillion.

WAPIC emerged as the top gainer while JAPAULOIL emerged as the top loser.

The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; UACN (+6.45%), VITAFOAM (+5.37%), BUACEMENT (+3.75%), OANDO (+2.27%), ACCESS (+2.26%), WEMABANK (+1.72%), MTNN (+1.72%), UBA (+1.50%), NB (+1.19%), ZENITHBANK (+0.90%),  and GUARANTY (+0.84%).

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MARKET STATISTICS

CAP N13,171,871,117,394.94 One Day (ASI CHG) +0.93%
Index 25,249.90 One Week (ASI CHG) -0.26%
Volume 230,492,269 One Month (ASI CHG) +5.01%
Value N2,166,451,598.45 Six Months (ASI CHG) -5.98%
Deals 4,621 52 Weeks (ASI CHG) -17.03%
Gainers 31 Losers 11
Unchanged 54 Total 96
YTD -5.93%

Source: NSE, GTI Research

FOREIGN EXCHANGE

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

The Investors and Exporters (I&E) FX window opened at N387.46, traded high at N389.75 and eventually closed at N387.33, representing 0.21% depreciation as against Friday’s closing position. A total of $14.66 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 15.42%, representing a 1.28% depreciation as against Friday’s closing position, while Open Buy-Back (OBB) rate closed at 14.50%, representing a 1.10% depreciation as against Friday’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 489.69 496.76 +7.07 bps
T.Bills 222.65 216.54 -6.11 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

The NASD OTC market on Monday closed negatively to sustaining Friday’s bearish sentiment as the Unlisted Securities Index (USI) decline by 0.44% closed at 689.32,  as against previous day’s closing position. Similarly, Market Capitalization closed at N506.35 billion. Consequently, the aggregate volume and value declined by 59.79% and 90.78% respectively, as investors traded a total of 133,450 shares, worth N7.58 million in 7 deal.

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Sector Performance

Sector %    Change
NSE30 0.96
BANKING 1.09
CONSUMER GOODS 0.04
INDUSTRIAL 2.39
INSURANCE 1.57
LOTUS ISLAMIC 1.36
OIL/GAS 0.24

Top 7 Gainers

Company Pclose Open Close Change % Change
WAPIC 0.30 0.30 0.33 0.03 10.00
FIDSON 2.96 2.96 3.25 0.29 9.80
ABCTRANS 0.41 0.41 0.45 0.04 9.76
NEIMETH 1.77 1.77 1.94 0.17 9.60
CHIPLC 0.42 0.42 0.46 0.04 9.52
PRESTIGE 0.59 0.59 0.64 0.05 8.47
JAIZBANK 0.66 0.66 0.71 0.05 7.58

Top 7 Losers

Company Pclose Open Close Change % Change
JAPAULOIL 0.30 0.33 0.27 -0.03 -10.00
CORNERST 0.55 0.55 0.50 -0.05 -9.09
CHAMS 0.27 0.27 0.25 -0.02 -7.41
TRANSCORP 0.77 0.77 0.73 -0.04 -5.19
COURTVILLE 0.21 0.21 0.20 -0.01 -4.76
ETERNA 2.67 2.67 2.55 -0.12 -4.49
HONYFLOUR 1.02 1.02 0.98 -0.04 -3.92

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
FBNH                             34,502,321                       188,347,484 0.10
GUARANTY                             22,881,532                       550,138,398 0.20
JAPAULOIL                             21,213,872                           6,367,955 -0.03
UBA                             19,537,839                       131,951,463 0.10
ZENITHBANK                             19,273,434                       327,058,857 0.15
UAC-PROP                             15,713,471                         15,824,007 0.04
JAIZBANK                               7,685,713                           5,477,291 0.05

Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                             22,881,532                  550,138,397.90 24.10
ZENITHBANK                             19,273,434                  327,058,856.85 16.90
FBNH                             34,502,321                  188,347,484.15 5.50
NB                               3,791,210                  161,083,634.10 42.50
UBA                             19,537,839                  131,951,463.00 6.75
DANGCEM                                  831,274                  112,442,043.50 139.00
MTNN                                  895,831                  105,707,934.70 118.00

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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