Positive sentiment persists as SEC urges investors to capital market

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The Nigerian equity market on Wednesday extends previous days rally to eight consecutive trading days by gaining 1.40% as the Nigeria SEC urges investors to explore opportunities in the capital market. Today’s rally was driven by positive sentiment in all of the five major sectors. As a result, the market breadth closed positively, recording 35 gainers as against 4 losers.

 

NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 334.06 absolute points, representing a growth of 1.40% to close at 24,143.37 points. Similarly, the overall Market Capitalization size gained N174.10 billion, representing an increase of 1.40% to close at N12.58 trillion.

NB &CHIPLC emerged as the top gainers while CILEASING emerged as the top loser.

The uptrend was impacted by gains recorded in large and medium capitalized stocks, amongst which are; NB (+10.00%), ARDOVA (+9.84%), GUARANTY (+9.29%), ZENITHBANK (+6.40%), OANDO (+6.34%), FLOURMILL (+6.33%), ETI (+4.44%), FBNH (+4.26%), WEMABANK (+3.33%), UBA (+3.28%), ACCESS (+0.77%) and DANGCEM (+0.56%).

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MARKET STATISTICS

CAP N12,582,390,640,381.78 One Day (ASI CHG) +1.40%
Index 24,143.37 One Week (ASI CHG) +5.58%
Volume 426,641,520 One Month (ASI CHG) +16.81%
Value N4,102,243,110.94 Six Months (ASI CHG) -7.93%
Deals 7,384 52 Weeks (ASI CHG) -17.31%
Gainers 35 Losers 4
Unchanged 54 Total 89
-10.05%

Source: NSE, GTI Research

FOREIGN EXCHANGE

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

The Investors and Exporters (I&E) FX window opened at N385.08, traded high at N390.00 and eventually closed at N384.50, representing a 0.23% appreciation against yesterday’s closing position. A total of $18.58million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 4.25%, representing a 1.13% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 3.50%, representing a 1.00% depreciation against yesterday’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 472.71 472.53 -0.18bps
T.Bills 413.78 411.53 -2.25 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

The NASD OTC market on Wednesday remain unchanged as the Unlisted Securities Index (USI) closed at 700.35,  as against yesterday’s closing position. Similarly, Market Capitalization closed at N514.46 billion. Both the aggregate volume and value increased by 3,066.67% respectively, as investors traded a total of 190,000 shares, worth N2.47 million in 1 deal.

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Top 7 Gainers

Company Pclose Open Close Change % Change
CHIPLC  0.30 0.30 0.33 0.03 10.00
NB  30.00 30.00 33.00 3.00 10.00
ARDOVA  12.70 12.70 13.95 1.25 9.84
CAP  20.90 20.90 22.90 2.00 9.57
UAC-PROP  0.84 0.84 0.92 0.08 9.52
GUARANTY  21.00 21.00 22.95 1.95 9.29
CORNERST  0.54 0.54 0.59 0.05 9.26

Top 7 Losers

Company Pclose Open Close Change % Change
CILEASING 5.00 5.00 4.70 -0.30 -6.00
UACN 7.20 7.20 6.95 -0.25 -3.47
UNIONDAC 0.32 0.32 0.31 -0.01 -3.13
INTBREW 5.00 5.00 4.90 -0.10 -2.00

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
FBNH                              91,922,971                       448,074,428 4.90
ZENITHBANK                              63,388,556                       994,763,091 15.80
ACCESS                              55,938,145                       365,490,392 6.55
GUARANTY                              45,884,497                    1,047,908,884 22.95
STERLNBANK                              24,778,405                         32,236,711 1.32
UBA                              20,552,348                       130,181,209 6.30
FIDELITYBK                              14,064,927                         25,542,855 1.81

Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                              45,884,497               1,047,908,884.00 22.95
ZENITHBANK                              63,388,556                  994,763,090.70 15.80
FBNH                              91,922,971                  448,074,428.25 4.90
ACCESS                              55,938,145                  365,490,392.25 6.55
DANGCEM                                1,940,285                  280,472,670.10 143.80
MTNN                                1,457,066                  173,961,680.50 120.00
UBA                              20,552,348                  130,181,209.35 6.30

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