Stocks in uptrend for the second successive day as index rises by 0.75%

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The Nigerian stock market today (Wednesday) closed on a positive note, gaining 0.75%, extending the previous positive momentum to two consecutive trading days, following bargain hunting pressure on some bellwether stocks like ACCESS, ZENITHBANK, FBNH and 22 other. Consequently, the market breadth closed on a positively, recording 25 losers as against 8 gainers.

NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 179.99 absolute points, representing a growth of 0.57% to close at 24,278.07 points. Similarly, the overall Market Capitalization size shed N94.21 billion, representing an increase of 0.75% to close at N12.66 trillion.

WAPCO emerged as the top gainers while BERGER emerged as the top loser.

The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; WAPCO (+10.00%) GUARANTY (+6.89%), JAPAULOIL (+4.55%), FBNH (+3.92%), UBA (+3.23%), ACCESS (+3.23%), ZENITHBANK (+1.83%) and OKOMUOIL (+1.15%).

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MARKET STATISTICS

CAP N12,664,878,592,218.90 One Day (ASI CHG) +0.75%
Index 24,278.07 One Week (ASI CHG) -1.29%
Volume 232,609,049 One Month (ASI CHG) -3.85%
Value N4,698,272,125.17 Six Months (ASI CHG) -15.00%
Deals 3,523 52 Weeks (ASI CHG) -17.11%
Gainers 25 Losers 8
Unchanged 67 Total 100
YTD -9.55%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Wednesday closed at 381.00/$1,  unchanged against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N387.32, traded high at N391.35, and eventually closed at N386.75, representing a 0.06% depreciation against the previous day’s closing position. A total of $103.37 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 21.00%, representing a 0.50% depreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 20.00%, representing a 0.25% appreciation against the previous day’s position.

 

FIXED INCOME
Securities Close P. Close Change
Bond 322.55 350.59 -17.01 bps
T.Bills 220.63 231.60 +3.22 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

 The NASD OTC market today (Wednesday) closed on a negative note, as the Unlisted Securities Index (USI) closed at 708.20, representing a 0.50% depreciation against the previous day’s closing position. Similarly, Market Capitalization shed N2.60 billion closed at N520.22 billion, representing a 0.50% depreciation against the previous day’s closing position. However, the aggregate volume increased by 260.80% while aggregated value contracted by 0.37% respectively, as investors traded a total of 315.967 shares, worth N7.41 million in 10 deal.

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Sector Performance

Sector % Change
NSE30 0.99
BANKING 3.41
CONSUMER GOODS -0.21
INDUSTRIAL 0.12
INSURANCE 1.10
LOTUS ISLAMIC 0.16
OIL/GAS -0.18

 

Top 7 Gainers

Company Pclose Open Close Change % Change
WAPCO 10.00 10.00 11.00 1.00 10.00
JBERGER 15.65 15.65 17.20 1.55 9.90
LINKASSURE 0.43 0.43 0.47 0.04 9.30
REGALINS 0.22 0.22 0.24 0.02 9.09
REDSTAREX 3.26 3.26 3.55 0.29 8.90
PRESTIGE 0.47 0.47 0.51 0.04 8.51
TRANSCORP 0.62 0.62 0.67 0.05 8.06

 

Top 7 Losers

Company Pclose Open Close Change % Change
BERGER 6.75 6.75 6.10 -0.65 -9.63
CAVERTON 1.82 1.82 1.74 -0.08 -4.40
ETI 4.80 4.80 4.60 -0.20 -4.17
FLOURMILL 18.50 18.50 18.00 -0.50 -2.70
OANDO 2.30 2.30 2.25 -0.05 -2.17
STERLNBANK 1.22 1.22 1.20 -0.02 -1.64
HONYFLOUR 0.92 0.92 0.91 -0.01 -1.09

 

Top 7 Traders By VolumeTop

Company Volume Value(₦) Current Price
FIDELITYBK                            37,950,489                        67,225,000 1.80
MTNN                            27,969,987                   3,217,773,697 115.00
WAPCO                            23,060,049                      250,494,393 11.00
GUARANTY                            18,170,948                      403,612,226 22.50
ZENITHBANK                            16,776,367                      276,416,087 16.65
UBA                            14,296,968                        89,578,145 6.40
JAPAULOIL                            11,192,233                          2,523,387 0.23

 

7 Traders By Value

Company Volume Value(₦) Current Price
MTNN                            27,969,987              3,217,773,697.20 115.00
GUARANTY                            18,170,948                 403,612,225.80 22.50
ZENITHBANK                            16,776,367                 276,416,086.85 16.65
WAPCO                            23,060,049                 250,494,392.60 11.00
UBA                            14,296,968                   89,578,145.10 6.40
FIDELITYBK                            37,950,489                   67,224,999.79 1.80
OKOMUOIL                                 873,531                   61,411,460.10 70.50

 

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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