Positive Earnings Result Stirs Market to a 0.76% Gain

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The local bourse today sustain yesterday’s positive momentum as news of the positive earnings result of Nigeria’s three biggest lenders stirred investors sentiment. Notable, price appreciation was recorded on Access Bank, Nestle, Dangote Flour and Thirteen (13) others as the  All Share Index (ASI) gained further traction by 0.76% . Nonetheless, market breadth closed negative, recording 16 gainers against 17 losers.

Nigerian Stock Exchange 2

NSE Trading Floor

The All Share Index (ASI) gained 224.62 absolute points, representing an increase of 0.76% to close at 29,970.86 points. Similarly, Market Capitalization surged by N84.37 billion representing a growth of 0.76% to close at N11.26 trillion.

ACCESS emerged the top gainers while TRANSEXPR emerged as the top losers.

The uptrend was impacted by gains recorded in medium and large capitalized stocks, amongst which are; ACCESS (+9.92%), NESTLE (+5.31%), DANGFLOUR (+2.97%), FCMB (+2.69%), OANDO (+2.08%), FBNH (+1.34%), NB (+1.33%), DANGCEM (+1.08%),  and DANGSUGAR (+0.36%).

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MARKET STATISTICS  

CAP N11,257,282,793,093.64 One Day (ASI CHG) +0.76
Index 29,970.86 One Week (ASI CHG) +2.79
Volume 216,012,863 One Month (ASI CHG) -3.76
Value N3,227,709,025.25 Six Months (ASI CHG) -7.60
Deals 4,025 52 Weeks (ASI CHG) -26.52
Gainers 16 Losers 17
Unchanged 74 Total 109
  YTD Returns -4.64  

 

Source: NSE, GTI Research

FMDQ Securities Exchange

FOREIGN EXCHANGE

The Naira at the inter-bank rate remained unchanged closing at N306.95 against yesterday’s closing position.

The Investors and Exporters (I&E) FX window opened at N360.25, traded high at N362.00 and eventually closed at N360.42, representing a 0.05% depreciation against yesterday’s closing position. A total of $403.79 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 16.57%, representing a 0.86% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate also closed at 15.71%, representing a 0.43% depreciation against yesterday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 927.58 923.13 -4.45 bps
T.Bills 549.70 549.59 -0.13 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

Sector Performance       

Sector %    Change
NSE30 0.89
BANKING -0.25
CONSUMER GOODS 2.75
INDUSTRIAL -0.37
INSURANCE 0.03
LOTUS ISLAMIC 1.41
OIL/GAS -1.40

  Top 7 Gainers                        

Company Pclose Open Close Change % Change
ACCESS 6.05 6.60 6.65 0.60 9.92
CHAMS 0.33 0.34 0.36 0.03 9.09
FIRSTALUM 0.35 0.35 0.38 0.03 8.57
AGLEVENT 0.26 0.26 0.28 0.02 7.69
NESTLE 1500.30 1500.30 1580.00 79.70 5.31
MBENEFIT 0.21 0.21 0.22 0.01 4.76
DANGFLOUR 10.10 10.10 10.40 0.30 2.97

 Top 7 Losers         

Company Pclose Open Close Change % Change
TRANSEXPR 0.82 0.82 0.74 -0.08 -9.76
UAC-PROP 1.66 1.66 1.50 -0.16 -9.64
ABCTRANS 0.36 0.36 0.33 -0.03 -8.33
LEARNAFRCA 1.46 1.46 1.34 -0.12 -8.22
WEMABANK 0.72 0.72 0.68 -0.04 -5.56
ROYALEX 0.21 0.21 0.20 -0.01 -4.76
AFRIPRUD 4.18 4.18 4.00 -0.18 -4.31

   Top 7 Traders By Volume                

Company Volume Value(₦) Current Price
ACCESS                             39,242,141                       259,004,515 6.65
UBA                             24,193,336                       156,942,795 6.50
LASACO                             20,836,989                           6,251,097 0.30
ZENITHBANK                             16,309,614                       342,543,489 20.90
FCMB                             10,889,337                         20,597,884 1.91
TRANSCORP                               9,169,143                         10,774,278 1.18
GUARANTY                               8,895,961                       311,561,610 34.75

    Top 7 Traders By Value            

Company Volume Value(₦) Current Price
NESTLE                                  933,829               1,472,885,347.60 1580.00
ZENITHBANK                             16,309,614                  342,543,489.05 20.90
GUARANTY                               8,895,961                  311,561,609.95 34.75
ACCESS                             39,242,141                  259,004,514.90 6.65
UBA                             24,193,336                  156,942,795.10 6.50
SEPLAT                                  217,885                  124,024,625.50 570.00
NB                               1,657,614                  107,706,325.35 64.85

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