Telecom Giants (AIRTEL, MTNN) Lead 10 Others to Extend Bulls Run on Custom Street

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NGX

Transactions on Custom Street today (Tuesday) closed on a bullish note, thereby extending the positive sentiment to three consecutive trading sessions, as NGX-ASI grew by 0.81% and investors’ wealth increased by N163.22 billion. The price appreciation was buoyed by buy-interest in large-cap stocks like AIRTEL, MTNN, and 10 others, as market watchers continue to assess the published H1 performance of some of the companies and await the release of more. However, the market breadth closed negatively, recording 26 losers as against 12 gainers.

Nigerian Stock Exchange 2

NSE Trading Floor

In summary, the All-Share Index (ASI) grew by 313.27 absolute points, representing an increase of 0.81%, to close at 38,917.99 points. Similarly, the overall Market Capitalization value grew by N163.22 billion, representing an increase of 0.81% to close at N20.28 trillion.

WEMABANK emerged as the top gainer (by percentage points) for today, with a maximum price appreciation of +5.95%, while FTNCOCOA emerged as the top loser (by percentage points) with a maximum price depreciation of -8.16%.

Today’s market positive performance was driven by price appreciation in large and medium capitalized stocks amongst which are; WEMABANK(+5.95%), UPDC(+5.93%), AIRTELAFRCA(+5.69%), COURTVILLE(+4.17%), CUTIX(+3.95%), UNILEVER(+2.11%), MTNN(+1.79%), UNITYBANK(+1.69%), MANSARD(+1.14%), GUINNESS(+0.95%), NAHCO(+0.82%), and FIDELITYBK(+0.42%).

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MARKET STATISTICS

CAP N20,276,840,197,607.28 One Day (ASI CHG) +0.81%
Index 38,917.99 One Week (ASI CHG) +0.30%
Volume 231,451,362 One Month (ASI CHG) +1.85%
Value N1,908,066,817.92 Six Months (ASI CHG) -7.34%
Deals 4,651 52 Weeks (ASI CHG) +57.14%
Gainers 12 Losers 26
Unchanged 63 Total 101
YTD Returns -3.36%

Source: Ngxgroup.com, GTI Research 

Sector Performance

Security Change Percent
NGX30 0.09
NGXBNK -0.81
NGXCNSMRGDS -0.26
NGXINDUSTR 0
NGXINS -0.97
NGXLOTUSISLM 0.51
NGXOILGAS -0.24

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
WEMABANK 0.84 0.84 0.89 0.05 5.95
UPDC 1.18 1.18 1.25 0.07 5.93
AIRTELAFRI 615 615 650 35 5.69
COURTVILLE 0.24 0.24 0.25 0.01 4.17
CUTIX 4.81 4.81 5 0.19 3.95
UNILEVER 14.2 14.2 14.5 0.3 2.11
MTNN 168 168 171 3 1.79

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
FTNCOCOA 0.49 0.49 0.45 -0.04 -8.16
HONYFLOUR 1.67 1.67 1.54 -0.13 -7.78
MBENEFIT 0.39 0.39 0.37 -0.02 -5.13
TRANSCORP 0.98 0.98 0.93 -0.05 -5.10
NEIMETH 1.58 1.58 1.5 -0.08 -5.06
CHIPLC 0.61 0.61 0.58 -0.03 -4.92
AIICO 1.04 1.04 1 -0.04 -3.85

Top 7 Traders By Volume

Security Daily Volume Daily Value Close Price
TRANSCORP         17,476,989   16,558,814.78 0.93
JAIZBANK         16,582,975   10,235,504.70 0.62
HONYFLOUR         13,037,061   19,966,205.76 1.54
WEMABANK         11,355,712     9,977,858.34 0.89
MBENEFIT         11,104,903     4,010,454.93 0.37
CADBURY         10,613,607   95,524,478.05 9
CUSTODIAN           9,508,287   58,956,585.35 6.2

Top 7 Traders By Value

Security Daily Volume Daily Value Close Price
MTNN 2227927 376821742.3 171
GTCO 7035580 200457982.2 28.45
ZENITHBANK 7190832 175776355.4 24.4
DANGCEM 448915 110774721.3 248.1
SEPLAT 141625 108580212 770
AIRTELAFRI 155816 101407230.6 650
CADBURY 10613607 95524478.05 9

 

 

FMDQ

mmrt

The overnight (O/N) rate closed at 8.00% on Tuesday (03/08/2021), appreciating by 2.25bps against Monday’s position. while Open Buy-Back (OBB) rate closed at 7.50% on Tuesday (02/08/2021), appreciating also by 2.2bps against Monday’s position.

The I&E FX window traded high and low at N412.70 and N400.00 respectively on (03/08/2021) and eventually closed at N411.50, which remain unchanged against Monday’s closing position. Also, at the BDC, the naira appreciated by 1.96% to close at N510.

Reser

Nigeria’s foreign reserve strengthened by $81.73 million to $33.48 billion on (02/08/2021) from $33.40billion on (30/07/2021).

oilp

The Brent crude declined by $0.48 to $72.41 on (03/08/2021) from $72.89 on (02/08/2021), representing a 0.66% fall in price. Bonny Light also depreciated by $0.55 to $71.24 on (03/08/2021) from $71.79 (02/08/2021), representing a 0.77% decrease in price.

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