Nigerian equity market sustains previous positive sentiment, gains 0.48%
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%).
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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.
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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 |
