NSE begins Q3 on a high note, gains 0.47%

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Transactions on the Nigerian equity market today (Wednesday) began Q3 on a positive note, with a gain of 0.47%, reversing previous day’s negative sentiment. The increase was buoyed by bargain hunting on bellwether stocks like BUACEMENT, WAPCO, ACCESS and 9 other. However, the market breadth closed on a negatively, recording 22 losers as against 12 gainers.

NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 115.89 absolute points, representing a growth of 0.47% to close at 24,595.05 points. Similarly, the overall Market Capitalization size gained N60.42 million, representing an increase of 0.47% to close at N12.83 trillion.

CADBURY emerged as the top gainer while NEIMETH emerged as the top losers.

The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; CADBURY (+9.63%), JAPAULOIL (9.52%), BUACEMENT (8.53%), WAPCO (+5.00%), OANDO (+3.48%), PZ (+2.50%), and ACCESS (+0.76%).

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MARKET STATISTICS

CAP N12,830,232,663,881.84 One Day (ASI CHG) +0.47%
Index 24,595.05 One Week (ASI CHG) -0.24%
Volume 198,011,937 One Month (ASI CHG) -2.27%
Value N1,036,449,725.80 Six Months (ASI CHG) -8.37%
Deals 3,772 52 Weeks (ASI CHG) -16.95%
Gainers 12 Losers 22
Unchanged 55 Total 89
YTD -8.37%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Wednesday closed unchanged at 361.00/$1, against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N387.08, traded high at N389.99, and eventually closed at N387.50, unchanged against the previous day’s closing position. A total of $14.37 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 12.90%, representing a 3.10% depreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 11.80%, representing a 3.20% depreciation against the previous day’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 380.02 379.42 -0.60 bps
T.Bills 211.92 211.99 +0.07 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

 The NASD OTC market today (Wednesday) closed negatively, as the Unlisted Securities Index (USI) closed at 709.24, representing a 0.88% depreciation against the previous day’s closing position. Similarly, Market Capitalization shed N4.61 billion, to closed at N525.59 billion, representing a 0.88% depreciation against the previous day’s closing position. However, the aggregate volume and aggregated value increased by 102.46% and 99.19% respectively, as investors traded a total of 23,182 shares, worth N2.71 million in 6 deal.

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Sector Performance

Sector % Change
NSE30 0.59
BANKING -0.88
CONSUMER GOODS -0.47
INDUSTRIAL 1.35
INSURANCE -0.79
LOTUS ISLAMIC 0.00
OIL/GAS 0.30

 

Top 7 Gainers

Company Pclose Open Close Change % Change
CADBURY 6.75 6.75 7.40 0.65 9.63
STERLNBANK 1.25 1.25 1.37 0.12 9.60
CHAMS 0.21 0.21 0.23 0.02 9.52
JAPAULOIL 0.21 0.21 0.23 0.02 9.52
BUACEMENT 38.70 38.70 42.00 3.30 8.53
WAPCO 10.00 10.00 10.50 0.50 5.00
MBENEFIT 0.21 0.21 0.22 0.01 4.76

 

Top 7 Losers

Company Pclose Open Close Change % Change
NEIMETH 1.65 1.65 1.49 -0.16 -9.70
LEARNAFRCA 1.17 1.17 1.08 -0.09 -7.69
WAPIC 0.35 0.35 0.33 -0.02 -5.71
WEMABANK 0.54 0.54 0.52 -0.02 -3.70
JAIZBANK 0.57 0.57 0.55 -0.02 -3.51
GUINNESS 14.50 14.50 14.00 -0.50 -3.45
LAWUNION 1.03 1.03 1.00 -0.03 -2.91

 

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
WAPIC                            30,278,476                        11,196,354 0.33
UPDCREIT                            22,787,749                        79,677,065 3.80
UBA                            20,201,961                      123,511,650 6.20
TRANSCORP                            19,380,186                        12,758,261 0.64
CHAMS                            11,653,751                          2,589,377 0.23
FCMB                            10,339,496                        19,442,886 1.89
FBNH                              9,859,107                        51,085,892 5.20

 


Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                              7,205,339                 157,998,546.10 21.85
UBA                            20,201,961                 123,511,650.25 6.20
ZENITHBANK                              5,716,517                   90,780,007.10 15.70
UPDCREIT                            22,787,749                   79,677,064.85 3.80
MTNN                                 597,737                   69,406,344.40 116.00
SEPLAT                                 198,301                   68,903,604.80 386.00
FBNH                              9,859,107                   51,085,892.45 5.20

 

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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