WAPCO, UBA & 23 others push ASI to reverse loss, Posts 0.33% gain

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The Equity Market closed higher today gaining 0.33%, reversing yesterday’s negative sentiment. The upturn was aided by the sterling performance of WAPCO and 24 others.  Market breadth closed positive, recording 25 gainers against 15 losers.

 

 

In summary, the All Share Index (ASI) was up by 105.77 absolute points, representing a growth of 0.33%, closing at 32,482.89 points. Similarly, the Market Capitalization was up by N38.67 billion, representing an increase of 0.33%, closing at N11.89 trillion.

The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; WAPCO (+9.90%),  DANGSUGAR (+4.63%), FLOURMILL (+4.15%), UBA (+4.00%), WEMABANK (+3.45%), ETI (+2.78%), GUINNESS (+2.33%), FO (+2.27%), OANDO (+0.96%), ACCESS (+0.63%) and FIDELITYBK (+0.61%).

 

FOREIGN EXCHANGE

The Naira at the inter-bank rate closed unchanged at N306.30 against yesterday’s closing price.

The Investors and Exporters (I&E) FX window opened at N363.12, traded high at N364.50 and eventually closed at N363.27, representing a 0.08% depreciation against yesterday’s closing price. A total of $112.66 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight (O/N) rate closed at 4.75%, representing a 1.00% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate  closed  at 4.17% representing a 0.58% depreciation against yesterday’s closing position.

 

Sector Performance

Sector %    Change
NSE30 0.36
BANKING 0.66
CONGLOMERATE 0.29
CONSUMER GOODS 0.16
INDUSTRIAL 2.44
INSURANCE -0.27
LOTUS ISLAMIC -0.21
OIL/GAS -0.29

 

Top 7 Gainers

Company Pclose Open Close Change % Change
WAPCO 20.70 20.70 22.75 2.05 9.90
FIRSTALUM 0.31 0.31 0.34 0.03 9.68
UACN 10.20 10.20 11.10 0.90 8.82
REGALINS 0.24 0.24 0.26 0.02 8.33
CAVERTON 1.80 1.80 1.95 0.15 8.33
SKYEBANK 0.70 0.70 0.74 0.04 5.71
BERGER 6.55 6.55 6.90 0.35 5.34

 

Top 7 Losers

Company Pclose Open Close Change % Change
PRESTIGE 0.62 0.62 0.56 -0.06 -9.68
UNITYBNK 0.97 0.97 0.88 -0.09 -9.28
HONYFLOUR 1.45 1.45 1.36 -0.09 -6.21
AIICO 0.85 0.85 0.81 -0.04 -4.71
GLAXOSMITH 14.30 14.30 13.65 -0.65 -4.55
CCNN 24.80 24.80 23.70 -1.10 -4.44
JAPAULOIL 0.24 0.24 0.23 -0.01 -4.17

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
NEM                       39,121,372.00                 121,098,842.40 3.09
FIRSTALUM                       36,571,264.00                   11,224,221.72 0.34
ZENITHBANK                       20,725,855.00                 428,835,942.65 20.65
ACCESS                       20,203,355.00                 161,524,404.25 8.00
FBNH                       19,459,422.00                 163,810,548.10 8.50
UBA                       12,768,588.00                   96,095,574.95 7.80
GUARANTY                       10,512,681.00                 357,477,685.95 34.00

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
ZENITHBANK                       20,725,855.00                 428,835,942.65 20.65
GUARANTY                       10,512,681.00                 357,477,685.95 34.00
SEPLAT                            537,306.00                 322,383,618.20 600.00
FBNH                       19,459,422.00                 163,810,548.10 8.50
ACCESS                       20,203,355.00                 161,524,404.25 8.00
GUINNESS                         1,608,611.00                 141,533,127.55 88.00
NESTLE                              97,348.00                 134,704,065.10 1380.50

 

Source: NSE, FMDQ

 

 

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