Value appreciation in MTNN and 27 others pushed NSE-ASI higher, gains 2.32%

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The Nigerian equities market today (Tuesday), closed positively, with a 2.32% gain, extending previous positive sentiment to four consecutive trading day, following value appreciation on MTNN, ACCESS, ZENITHBANK, UBA and 24 others. Consequently, the market breadth closed positively, recording 28 gainers as against 12 losers.

 

NSE Trading Floor

In summary, the All-Share Index (ASI) increased by 495.92 absolute points, representing a growth of 2.32% to close at 21,879.95 points. Similarly, the overall Market Capitalization size gained N258.45 billion, representing an increase of 2.32% to close at N11.40 trillion.

OANDO emerged as the top gainer while PZ emerged as the top loser.

The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; OANDO (+10.00%), NB (+9.91%), DANGSUGAR (+9.35%), HONYFLOUR (+8.89%), GUARANTY (+8.49%), ACCESS (+4.51%), ETI (+4.30%), ZENITHBANK (+3.57%), FBNH (+3.19%), MTNN (3.16%) and UBA (+1.61%).

Click here for more on NSE Daily Price List

 

MARKET STATISTICS

CAP N11,402,801,309,392.53 One Day (ASI CHG) +2.32%
Index 21,879.95 One Week (ASI CHG) +4.56%
Volume 557,819,628.00 One Month (ASI CHG) -3.99%
Value N2,617,362,535.76 Six Months (ASI CHG) -17.48%
Deals 5,310.00 52 Weeks (ASI CHG) -26.44%
Gainers 28 Losers 12
Unchanged 51 Total 91
-18.49%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Tuesday closed unchanged at 361.00/$1, against previous day’s position.

The Investors and Exporters (I&E) FX window opened at N387.60, traded high at N401.57 and eventually closed at N370.00, representing a 0.47% depreciation against Thursday’s closing position. A total of $146.91 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 2.83%, representing a 14.00% depreciation against Thursday’s closing position, while Open Buy-Back (OBB) rate closed at 2.33%, representing 12.67% depreciation against Thursday’s position.

FIXED INCOME
Securities P. Close Close Change
Bond 568.81 549.41 -19.40 bps
T.Bills 512.61 497.86 -14.75 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

The NASD OTC market on Tuesday remained unchanged as the Unlisted Securities Index (USI) closed at 698.22, against Thursday’s closing position. Similarly, Market Capitalization closed unchanged at N512.89 billion, against Thursday’s position. Consequently, the aggregate volume and value increased by 684.31% and 6,029.87%, as investors traded a total of 80,000 volume of shares, valued at N9.44 million in 1 deals.

Click here for more on NASD Daily Price List

 

Sector Performance

Top 7 Gainers

Company Pclose Open Close Change % Change
OANDO 2.40 2.64 2.64 0.24 10.00
NB 22.20 22.20 24.40 2.20 9.91
CONOIL 13.15 13.15 14.45 1.30 9.89
STANBIC 26.00 26.00 28.50 2.50 9.62
CHAMS 0.21 0.21 0.23 0.02 9.52
STERLNBANK 1.39 1.39 1.52 0.13 9.35
DANGSUGAR 10.70 10.70 11.70 1.00 9.35

 

Top 7 Losers

Company Pclose Open Close Change % Change
PZ 4.40 4.40 4.00 -0.40 -9.09
REDSTAREX 2.90 2.90 2.73 -0.17 -5.86
LASACO 0.23 0.23 0.22 -0.01 -4.35
TRANSCORP 0.70 0.70 0.67 -0.03 -4.29
NEIMETH 0.52 0.52 0.50 -0.02 -3.85
NEM 2.07 2.07 2.00 -0.07 -3.38
NAHCO 2.40 2.40 2.35 -0.05 -2.08


Top 7 Traders By Volume

Company Volume Value(₦) Current Price
OMOMORBNK [BLS]                          293,000,000                      161,150,000 0.55
FBNH                            49,734,712                      233,448,800 4.85
ZENITHBANK                            35,286,574                      501,116,322 14.50
UBA                            35,061,268                      216,840,644 6.30
FIDELITYBK                            25,996,501                        53,447,083 2.12
GUARANTY                            19,661,243                      387,832,049 20.45
WAPCO                            15,278,771                      189,935,441 12.40

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
ZENITHBANK                            35,286,574                 501,116,321.60 14.50
GUARANTY                            19,661,243                 387,832,048.60 20.45
FBNH                            49,734,712                 233,448,799.60 4.85
MTNN                              2,292,731                 225,263,367.20 98.00
UBA                            35,061,268                 216,840,643.60 6.30
WAPCO                            15,278,771                 189,935,440.75 12.40
OMOMORBNK [BLS]                          293,000,000                 161,150,000.00 0.55

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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