Value appreciation in MTNN, 24 others led Nigerian stocks to a 0.71% gain

229 Views

The Nigerian bourse today (Wednesday), closed higher with a modest gain of 0.71%, extending the previous positive sentiment to two consecutive trading day, following value appreciation in bellwether stocks like in MTNN, ZENITHBANK, and 23 others. Consequently, the market breadth closed positively, recording 25 gainers as against 8 losers.

 

NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 148.07 absolute points, representing a growth of 0.71% to close at 21,073.26 points. Similarly, the overall Market Capitalization size gained N77.17 billion, representing an increase of 0.71% to close at N10.98 trillion.

ETI & IKEJAHOTEL emerged as the top gainers while SKYAVN & UNIONDAC emerged as the top losers.

The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; ETI (+10.00%), WAPCO (+9.77%), DANGSUGAR (+9.55%), UBA (+3.67%), FLOURMILL (+2.38%), ZENITHBANK (+2.32%), GUARANTY (+1.67%), MTNN (+0.21%) and NESTLE (+0.01%).

Click here for more on NSE Daily Price List

 

MARKET STATISTICS

CAP N10,982,391,535,130.43 One Day (ASI CHG) +0.71%
Index 21,073.26 One Week (ASI CHG) -0.23%
Volume 346,409,715.00 One Month (ASI CHG) -7.15%
Value N5,216,170,916.39 Six Months (ASI CHG) -20.77%
Deals 4,660.00 52 Weeks (ASI CHG) -27.82%
Gainers 25 Losers 8
Unchanged 56 Total 89
-21.49%

Source: NSE, GTI Research

FOREIGN EXCHANGE

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

The Investors and Exporters (I&E) FX window opened at N385.47, traded high at N401.45 and eventually closed at N384.83, unchanged against yesterday’s closing position. A total of $76.18 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 3.17%, representing a 0.67% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 2.83%, representing 0.67% depreciation against yesterday’s position.

FIXED INCOME
Securities P. Close Close Change
Bond 576.89 567.47 -9.42 bps
T.Bills 544.18 539.94 -4.24 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

The NASD OTC market on Wednesday remained unchanged as the Unlisted Securities Index (USI) closed at 694.82, against yesterday’s closing position. Similarly, Market Capitalization closed at N510.39 billion, unchanged  against yesterday’s position. Consequently, the aggregate volume and value decreased by 76.88% and 79.51%, as investors traded a total of 346,761 volume of shares, valued at N3.84 million in 2 deals.

Click here for more on NASD Daily Price List

 

Sector Performance

Top 6 Gainers

Company Pclose Open Close Change % Change
ETI 4.00 4.00 4.40 0.40 10.00
IKEJAHOTEL 0.90 0.90 0.99 0.09 10.00
WEMABANK 0.51 0.51 0.56 0.05 9.80
WAPCO 10.75 10.75 11.80 1.05 9.77
DANGSUGAR 8.90 8.90 9.75 0.85 9.55
LINKASSURE 0.42 0.42 0.46 0.04 9.52
NAHCO 2.34 2.34 2.53 0.19 8.12

 

Top 7 Losers

Company Pclose Open Close Change % Change
SKYAVN 2.40 2.40 2.16 -0.24 -10.00
UNIONDAC 0.30 0.30 0.27 -0.03 -10.00
ARDOVA 12.45 12.45 11.25 -1.20 -9.64
GLAXOSMITH 4.80 4.80 4.35 -0.45 -9.38
COURTVILLE 0.22 0.22 0.20 -0.02 -9.09
AIICO 0.85 0.85 0.80 -0.05 -5.88
WAPIC 0.26 0.26 0.25 -0.01 -3.85


Top 7 Traders By Volume

Company Volume Value(₦) Current Price
GUARANTY                          102,238,725                   1,844,045,387 18.30
FBNH                            64,706,940                      289,324,027 4.40
ZENITHBANK                            30,293,949                      395,409,091 13.25
WAPCO                            27,924,687                      329,430,181 11.80
FIDELITYBK                            24,929,893                        51,065,843 2.14
UBA                            11,421,032                        63,542,459 5.65
TRANSCORP                            11,287,185                          7,468,425 0.65

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                          102,238,725              1,844,045,386.55 18.30
NESTLE                              1,770,216              1,356,982,650.80 765.00
ZENITHBANK                            30,293,949                 395,409,091.00 13.25
MTNN                              3,551,803                 339,049,288.60 95.00
WAPCO                            27,924,687                 329,430,180.70 11.80
FBNH                            64,706,940                 289,324,027.05 4.40
DANGCEM                              1,029,698                 122,913,748.10 117.00

 

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.

You may also like...