Stock market closes higher, posts 0.35% marginal gain

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The Nigeria stock market rallied up by 0.35%. This was driven by gains in NB, DANGFLOUR and 15 other stocks. The market breadth closed negative, recording 17 gainers and 20 losers.

NSE Trading Floor

The All Share Index (ASI) gained 108.69 absolute points to represent an increase of 0.35%, to close at 30,745.05 points. Similarly, Market Capitalization increased by N40.53 billion representing a growth of 0.35%, to close at N11.46 trillion.

IKEJAHOTEL & REDSTAREX emerged the top gainers while CHAMPION emerged  as the top loser.

The uptrend was impacted by gains recorded in medium and large capitalized stocks, amongst which are; NB (+5.27%), DANGFLOUR (+3.45%), TRANSCORP (+3.20%), NEM (+2.51%), ACCESS (+1.64%), STANBIC (+1.55%), UBA (+0.70%), FBNH (+0.68%),  and GUARANTY (+0.45%).

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MARKET STATISTICS

CAP N11,464,982,486,336.51 One Day (ASI CHG) +0.35
Index 30,745.05 One Week (ASI CHG) -1.91
Volume 183,670,788 One Month (ASI CHG) -1.05
Value N1,040,487,806.68 Six Months (ASI CHG) -15.72
Deals 2,909 52 Weeks (ASI CHG) -31.13
Gainers 17 Losers 20
Unchanged 70 Total 107
  YTD Returns -2.18  

 

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the inter-bank rate  remained unchanged to closed at N306.75 against last Friday’s closing price.

The Investors and Exporters (I&E) FX window opened at N362.50, traded high at N364.70 and eventually closed at N362.58, representing a 0.04% appreciation against last Friday’s closing price. A total of $268.34 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 17.77%, representing a 5.91% appreciation against last Friday’s closing position, while Open Buy-Back (OBB) rate also closed at 16.83% representing a 5.76%  appreciation against last Friday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 835.22 832.95 -2.27bps
T.Bills 576.19 570.07 -6.12 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

Sector Performance

Sector %    Change
NSE30 0.52
BANKING 0.19
CONSUMER GOODS 1.07
INDUSTRIAL 0.02
INSURANCE 0.70
LOTUS ISLAMIC -0.11
OIL/GAS -1.12

Top 7 Gainers

Company Pclose Open Close Change % Change
IKEJAHOTEL 1.5 1.5 1.65 0.15 10.00
REDSTAREX 5 5 5.5 0.50 10.00
MCNICHOLS 0.36 0.36 0.39 0.03 8.33
CUTIX 1.8 1.8 1.9 0.10 5.56
NB 74 74 77.9 3.90 5.27
UAC-PROP 1.72 1.72 1.81 0.09 5.23
LINKASSURE 0.61 0.61 0.64 0.03 4.92

Top 7 Losers

Company Pclose Open Close Change % Change
CHAMPION 1.8 1.8 1.62 -0.18 -10.00
ACADEMY 0.45 0.45 0.41 -0.04 -8.89
UNITYBNK 0.90 0.90 0.82 -0.08 -8.89
FO 29.50 29.50 27.00 -2.50 -8.47
ROYALEX 0.3 0.3 0.28 -0.02 -6.67
VERITASKAP 0.22 0.22 0.21 -0.01 -4.55
LASACO 0.31 0.31 0.3 -0.01 -3.23

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
FIDELITYBK                       36,621,738.00                   82,399,774.44 2.39
TRANSCORP                       34,271,875.00                   43,682,808.38 1.29
DIAMONDBNK                       29,467,617.00                   68,068,495.13 2.31
ZENITHBANK                       10,910,309.00                 249,785,744.80 22.90
UBA                         6,968,705.00                   50,069,203.80 7.20
REDSTAREX                         6,815,967.00                   37,483,887.64 5.50
FBNH                         6,805,743.00                   50,513,453.15 7.40

Top 7 Traders By Value

Company Volume Value(₦) Current Price
ZENITHBANK                       10,910,309.00                 249,785,744.80 22.90
GUARANTY                         3,098,155.00                 104,848,095.65 33.85
DANGCEM                            443,310.00                   84,178,937.60 190.00
FIDELITYBK                       36,621,738.00                   82,399,774.44 2.39
DIAMONDBNK                       29,467,617.00                   68,068,495.13 2.31
NESTLE                              43,219.00                   61,407,662.60 1420.10
FBNH                         6,805,743.00                   50,513,453.15 7.40

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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