Nigerian equity market sustains uptrend to seventh consecutive trading day, gains 0.15%

45 Views

Transactions on the Nigerian bourse today (Wednesday) closed on a positive note as the All-Share-Index appreciated by 0.15% to sustain the previous positive momentum to seven consecutive trading days in a row. The uptrend was supported by value appreciation on some bellwether stocks like GUARANTY, FBNH, GUINNESS, and 21 others. Consequently, the market breadth closed on a positive note, recording 24 gainers as against 8 losers.

NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 38.37 absolute points, representing a growth of 0.15% to close at 25,330.10 points. While the overall Market Capitalization size gained N20.02 billion, representing an increase of 0.15% to close at N13.21 trillion.

The market upturn was paired with mixed trading activity, as total volumes dipped by 28.09% while the values traded on the local bourse gained 15.98%, to a total of 180.73 million shares valued at N1.36 billion, in 3,411 deals.

FTNCOCOA emerged as the top gainer while CORNERST emerged as the top loser.

The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; VITAFOAM (+5.63%), PZ (+5.00%), GUINNESS (+1.31%), FBNH (+1.00%), FLOURMILL (+0.53%),  GUARANTY (+0.20%).

Click here for more on NSE Daily Price List

 

MARKET STATISTICS

CAP N13,214,475,455,081.99 One Day (ASI CHG) +0.15%
Index 25,330.10 One Week (ASI CHG) +0.63%
Volume 180,732,619 One Month (ASI CHG) +2.21%
Value N1,355,133,591.52 Six Months (ASI CHG) -6.30%
Deals 3,411 52 Weeks (ASI CHG) -8.53%
Gainers 24 Losers 8
Unchanged 67 Total 99
    YTD -5.63%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window today (Wednesday) closed at 379.00/$1, unchanged against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N386.20, traded high at N386.00, and eventually closed at N385.99, unchanged against the previous day’s closing position. A total of $39.03 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate today (Wednesday) closed at 2.38%, representing a 0.13% depreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 1.75%, representing a 0.25% depreciation against the previous day’s position.

 

FIXED INCOME
Securities Close P. Close Change
Bond 356.90 354.56 +2.34 bps
T.Bills 118.59 124.16 -5.57 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

 The NASD OTC market today (Wednesday) closed note as the Unlisted Securities Index (USI) closed at 711.96, unchanged against the previous day’s closing position. Similarly, Market Capitalization closed at N522.99 billion, unchanged against the previous day’s closing position. However, the aggregate volume and value decreased by 98.78% and 98.99% respectively, as investors traded a total of 2,500 shares, worth N35,000 in 1 deal.

Click here for more on NASD Daily Price List

 

 

 

 


 

 

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...