Nigerian equity market sustains positive momentum, gains 0.37%
Transactions on the Nigerian equity market today (Friday) ended the trading week on a positive note as the All-Share-Index appreciated by 0.37% to sustain previous positive sentiment to six consecutive trading day. The uptrend was supported by value appreciation on some bellwether stocks like ACCESS, ZENITHBANK, GUARANTY and 16 others. Consequently, the market breadth closed on a positive note, recording 23 gainers as against 12 losers.
NSE Trading Floor
In summary, the All-Share Index (ASI) increased by 94.62 absolute points, representing a growth of 0.37% to close at 25,605.64 points. Similarly, the overall Market Capitalization size gained N49.36 billion, representing an increase of 0.37% to close at N13.36 trillion.
LAWUNION emerged as the top gainer while INITSPLC emerged as the top loser.
The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; SEPLAT (+3.90%), GUARANTY (+3.21%), GUINNESS (+3.21%), ZENITHBANK (+1.16%), ACCESS (+0.78%) and UCAP (+0.32%).
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MARKET STATISTICS
| CAP | N13,358,095,515,204.33 | One Day (ASI CHG) | +0.37% |
| Index | 25,605.64 | One Week (ASI CHG) | +1.17% |
| Volume | 419,659,630 | One Month (ASI CHG) | +2.91% |
| Value | N3,787,582,931.80 | Six Months (ASI CHG) | -2.56% |
| Deals | 4,152 | 52 Weeks (ASI CHG) | -6.27% |
| Gainers | 23 | Losers | 12 |
| Unchanged | 64 | Total | 99 |
| YTD | -4.61% |
Source: NSE, GTI Research
FOREIGN EXCHANGE
The Naira at the official window today (Friday) closed at 379.00/$1, unchanged against the previous day’s position.
The Investors and Exporters (I&E) FX window opened at N386.69, traded high at N387.00 and eventually closed at N386.13, representing a 0.03% appreciation against the previous day’s closing position. A total of $92.18 million was transacted through the I&E window today.
MONEY MARKET
Overnight(O/N) rate today (Friday) closed at 2.25%, representing a 1.00% depreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 1.63%, representing a 0.88% depreciation against the previous day’s position.
| FIXED INCOME | |||
| Securities | Close | P. Close | Change |
| Bond | 351.52 | 366.18 | +14.66 bps |
| T.Bills | 121.59 | 129.07 | -7.48 bps |
| Note: BPS=> Basis Points |
Source: FMDQ, GTI Research
NASD OTC MARKET
The NASD OTC market today (Friday) closed as the Unlisted Securities Index (USI) closed at 714.21, unchanged against the previous day’s closing position. Similarly, Market Capitalization closed at N524.64 billion, unchanged against the previous day’s closing position. Consequently, the aggregate volume decreased by 62.57% while the aggregated value increased by 126.35%, as investors traded a total of 4,450 shares, worth N1.17 million in 3 deal.
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