Nigerian equity market sustains positive momentum, gains 0.45%

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The Nigerian equity market today (Friday) ended the trading week on a  positive note, gaining 0.45% to sustain the previous winning streak to six consecutive trading days, following value appreciation on some bellwether stocks like ACCESS, WAPCO, ZENITHBANK, DANGSUGAR  and 19 others. Consequently, the market breadth closed on a positive note, recording 23 gainers as against 5 losers.

NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 111.55 absolute points, representing a growth of 0.45% to close at 25,041.89 points. Similarly, the overall Market Capitalization size gained N58.19 billion, representing an increase of 0.45% to close at N13.06 trillion

VALUEFUND emerged as the top gainers while UACN emerged as the top loser.

The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; UBN (+8.00%), GUINNESS (+4.44%), DANGSUGAR (+3.48%), GUARANTY (+2.53%), ACCESS (+2.36%), UBA (+1.55%), ZENITHBANK (+1.20%), FLOURMILL (+0.52%) and WAPCO (+0.43%).

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MARKET STATISTICS

CAP N13,063,332,392,637.99 One Day (ASI CHG) +0.45%
Index 25,041.89 One Week (ASI CHG) +1.41%
Volume 167,139,054 One Month (ASI CHG) +3.15%
Value N2,005,566,395.70 Six Months (ASI CHG) -11.01%
Deals 4,036 52 Weeks (ASI CHG) -8.65%
Gainers 23 Losers 5
Unchanged 72 Total 100
YTD -6.71%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Friday closed at 381.00/$1, unchanged against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N385.55, traded high at N393.05, and eventually closed at N386.00, representing a 0.13% depreciation against the previous day’s closing position. A total of $106.66 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 7.17%, representing a 1.48% depreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 6.33%, representing a 1.67% depreciation against the previous day’s position.

 

FIXED INCOME
Securities Close P. Close Change
Bond 301.26 300.93 +0.33 bps
T.Bills 157.75 157.06 +0.69 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 706.07, representing a 0.57% unchanged against the previous day’s closing position. Similarly, Market Capitalization closed at N518.65 billion, unchanged against the previous day’s closing position. However, the aggregate volume and value increased by 643.21% and 104.33% respectively, as investors traded a total of 126,182 shares, worth N2.44 million in 7 deal.

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Sector Performance

Sector % Change
NSE30 0.56
BANKING 2.38
CONSUMER GOODS 0.42
INDUSTRIAL 0.02
INSURANCE -0.53
LOTUS ISLAMIC 0.18
OIL/GAS 0.08

 

Top 7 Gainers

Company Pclose Open Close Change % Change
VALUEFUND 103.20 103.20 113.50 10.30 9.98
LEARNAFRCA 0.94 0.94 1.03 0.09 9.57
MAYBAKER 2.80 2.80 3.05 0.25 8.93
UBN 5.00 5.00 5.40 0.40 8.00
FCMB 1.90 1.90 2.02 0.12 6.32
STERLNBANK 1.14 1.14 1.20 0.06 5.26
GUINNESS 13.50 13.50 14.10 0.60 4.44

 

Top 5 Losers

Company Pclose Open Close Change % Change
UACN 6.85 6.85 6.20 -0.65 -9.49
CHIPLC 0.45 0.45 0.41 -0.04 -8.89
JAIZBANK 0.59 0.59 0.57 -0.02 -3.39
AIICO 0.93 0.93 0.90 -0.03 -3.23
TRANSCORP 0.62 0.62 0.61 -0.01 -1.61

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
GUARANTY                            27,174,069                      657,613,415 24.35
FBNH                            22,964,189                      116,867,816 5.05
STERLNBANK                            12,640,790                        15,093,761 1.20
ZENITHBANK                            11,337,465                      191,506,958 16.90
WAPCO                            10,771,960                      126,581,749 11.75
UBA                              8,601,229                        55,435,806 6.55
FIDELITYBK                              7,854,590                        13,986,710 1.80

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                            27,174,069                 657,613,414.55 24.35
OKOMUOIL                              4,216,317                 321,053,031.10 77.00
ZENITHBANK                            11,337,465                 191,506,958.10 16.90
NESTLE                                 150,558                 165,059,866.60 1175.00
WAPCO                            10,771,960                 126,581,749.45 11.75
FBNH                            22,964,189                 116,867,815.85 5.05
MTNN                                 593,835                   70,327,314.00 118.50

 

 


 

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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