Nigerian equity market sustains previous positive sentiment, gains 0.48%

163 Views

Transaction on the Nigerian equity market today (Friday), ended the week on a high note, sustaining yesterday’s positive sentiment with a gain of 0.48%, halting the seesaw movement of alternating gains and losses of eight consecutive trading days. Today’s positive sentiment was buoyed by bargain-hunting on ACCESS, ZENITHBANK, GUARANTY and 20 other stocks. Consequently, the market breadth closed positively, recording 23 gainers as against 7 losers.

NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 104.31 absolute points, representing a growth of 0.48% to close at 21,861.78 points. Similarly, the overall Market Capitalization size gained N54.36 billion, representing a growth of 0.48% to close at N11.39 trillion.

GLAXOSMITH emerged as the top gainer while AFRIPRUD emerged as the top loser.

The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; HONYFLOUR (+7.69%), ETI (+5.95%), ZENITHBANK (+4.13%), ACCESS (+4.07%), UBA (+3.88%), GUARANTY (+2.50%) UACN (+1.37%) and JBERGER (+0.23%).

Click here for more on NSE Daily Price List

 

MARKET STATISTICS

CAP N11,393,335,588,270.94 One Day (ASI CHG) +0.48%
Index 21,861.78 One Week (ASI CHG) -0.98%
Volume 251,411,479 One Month (ASI CHG) -18.45%
Value N3,357,998,900.65 Six Months (ASI CHG) -21.01%
Deals 3,968 52 Weeks (ASI CHG) -29.57%
Gainers 23 Losers 7
Unchanged 54 Total 84
-18.55%

Source: NSE, GTI Research

 

 

FOREIGN EXCHANGE

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

The Investors and Exporters (I&E) FX window opened at N381.94, traded high at N391.10 and eventually closed at N381.50, representing 1.05% appreciation against yesterday’s closing position. A total of $59.00 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 17.10%, representing a 13.80% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 15.80%, representing 13.10% appreciation against yesterday’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 585.36 593.94 +8.58 bps
T.Bills 662.41 622.58 -39.83 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

The NASD OTC market on Friday remained unchanged as the Unlisted Securities Index (USI) closed at 692.71, against yesterday’s closing position. Similarly, Market Capitalization closed at N508.84 billion, unchanged against yesterday’s position. Consequently, the aggregate volume and value increased by 38,936.07% and 13,650.88%, as investors traded a total of 39,184,406 volume of shares, valued at N22.77 million in 4 deals.

Click here for more on NASD Daily Price List

 

Sector Performance

Sector % Change
NSE30 +0.56
BANKING +3.13
CONSUMER GOODS +0.07
INDUSTRIAL +0.06
INSURANCE +1.29
LOTUS ISLAMIC +0.03
OIL/GAS -0.42

 

Top 7 Gainers

Company Pclose Open Close Change % Change
GLAXOSMITH 3.50 3.50 3.85 0.35 10.00
NEM 1.72 1.72 1.89 0.17 9.88
STERLNBANK 1.08 1.08 1.18 0.10 9.26
MORISON 0.55 0.55 0.60 0.05 9.09
UCAP 2.20 2.20 2.40 0.20 9.09
UNIONDAC 0.24 0.24 0.26 0.02 8.33
JAIZBANK 0.49 0.49 0.53 0.04 8.16

 

Top 7 Losers

Company Pclose Open Close Change % Change
AFRIPRUD 3.80 3.80 3.42 -0.38 -10.00
CILEASING 6.85 6.85 6.20 -0.65 -9.49
ROYALEX 0.22 0.22 0.20 -0.02 -9.09
NB 26.80 26.80 25.50 -1.30 -4.85
OANDO 2.15 2.15 2.05 -0.10 -4.65
FBNH 4.15 4.15 4.05 -0.10 -2.41
FIDELITYBK 1.81 1.81 1.80 -0.01 -0.55


Top 7 Traders By Volume

Company Volume Value(₦) Current Price
GUARANTY                            54,271,739                   1,013,591,550 0.45
ZENITHBANK                            42,866,498                      538,778,948 0.50
FBNH                            36,441,621                      147,338,977 -0.10
UBA                            24,107,872                      124,802,370 0.20
FCMB                            16,294,441                        24,466,250 0.03
NB                            15,080,417                      399,103,367 -1.30
WAPCO                            14,644,182                      133,716,742 0.00

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                            54,271,739              1,013,591,549.60 18.45
NESTLE                                 780,709                 597,214,583.40 765.00
ZENITHBANK                            42,866,498                 538,778,948.30 12.60
NB                            15,080,417                 399,103,367.30 25.50
FBNH                            36,441,621                 147,338,977.35 4.05
WAPCO                            14,644,182                 133,716,741.85 9.30
UBA                            24,107,872                 124,802,369.85 5.35

 

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.

You may also like...