Nigeria: Equity Market Halts Losing Streak, Rises by 0.34%

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The Equity market today closed higher, rising by 0.34% to halt a previous losing streak of three consecutive trading sessions. All sectors with exception of the insurance sector recorded gains which consequently drove the market to its positive performance. Market breadth closed at par, recording 19 gainers and 19 losers.

The All Share Index (ASI) gained 108.54 absolute points, representing an increase of 0.34%, to close at 31,827.24points. Similarly, Market Capitalization grew by N40.48 billion representing a growth of 0.34%, to close at N11.87 trillion.

CILEASING emerged the top gainer while NPFMCRFBK emerged as the top loser.

The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; UCAP (+5.35%), TOTAL (+5.26%), WEMABANK (+4.05%), ACCESS (+3.51%), HONYFLOUR (+3.05%), NESTLE (+2.72%), DIAMONDBANK(+2.21%), UBA (+2.01%), FBNH (+1.31%), DANGCEM (+0.67%), NB (+0.63%), GUARANTY (+0.42%), ZENITHBANK (+0.21%),  and STANBIC (+0.11%).

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MARKET STATISTICS

CAP N11,868,869,903,544.65 One Day (ASI CHG) +0.34
Index 31,827.24 One Week (ASI CHG) -2.12
Volume 341,954,379 One Month (ASI CHG) +1.54
Value N3,751,553,346.40 Six Months (ASI CHG) -10.39
Deals 4,513 52 Weeks (ASI CHG) -26.55
Gainers 19 Losers 19
Unchanged 70 Total 108
YTD Returns +1.26

Source: NSEGTI Research

FOREIGN EXCHANGE

The Naira at the inter-bank rate remains unchanged to closed at N306.85 against yesterday’s closing price.

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The Investors and Exporters (I&E) FX window opened at N361.71, traded high at N364.00 and eventually closed at N361.33, to represent a 0.01% depreciation against yesterday’s closing price. A total of $377.93 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 17.42%, representing a 3.17%appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate also closed at 16.33%, representing a 3.17% appreciation against yesterday’s closing position.

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FIXED INCOME
Securities P. Close Close Change
Bond 606.11 778.06 +171.95 bps
T.Bills 565.16 545.22 -19.94 bps
Note: BPS=> Basis Points

Source: FMDQGTI Research 

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Sector Performance     

Sector %    Change
NSE30 0.23
BANKING 0.40
CONSUMER GOODS 0.08
INDUSTRIAL 0.26
INSURANCE -0.44
LOTUS ISLAMIC 0.42
OIL/GAS 0.30

Top 7 Gainers  

Company Pclose Open Close Change % Change
CILEASING 6.61 6.61 7.27 0.66 9.98
CORNERST 0.23 0.23 0.25 0.02 8.70
FIDELITYBK 2.20 2.20 2.35 0.15 6.82
UCAP 3.18 3.18 3.35 0.17 5.35
TOTAL 190.00 190.00 200.00 10.00 5.26
JAPAULOIL 0.22 0.22 0.23 0.01 4.55
WEMABANK 0.74 0.74 0.77 0.03 4.05
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Top 7 Losers  

Company Pclose Open Close Change % Change
NPFMCRFBK 1.60 1.60 1.44 -0.16 -10.00
JAIZBANK 0.65 0.65 0.59 -0.06 -9.23
DANGFLOUR 10.90 10.90 9.90 -1.00 -9.17
GOLDINSURE 0.48 0.48 0.44 -0.04 -8.33
ROYALEX 0.36 0.36 0.33 -0.03 -8.33
WAPIC 0.43 0.43 0.40 -0.03 -6.98
LASACO 0.33 0.33 0.31 -0.02 -6.06

Top 7 Traders By Volume     

Company Volume Value(₦) Current Price
ZENITHBANK 64,507,920  1,546,072,558 23.95
DIAMONDBNK 44,265,612  102,094,455 2.31
TRANSCORP 43,393,631  54,534,339 1.24
ACCESS 37,885,256  220,741,827 5.90
FIDELITYBK 21,574,846  47,874,940 2.35
FCMB  18,457,571  38,722,885 2.08
UBA  18,418,232  140,668,768 7.60

Top 7 Traders By Value       

Company Volume Value(₦) Current Price
ZENITHBANK 64,507,920 1,546,072,557.70 23.95
GUARANTY 15,877,404 567,234,319.20 35.50
DANGCEM 1,682,193 328,632,486.60 196.60
ACCESS 37,885,256 220,741,826.50 5.90
NB 1,775,352 141,948,461.10 80.00
UBA 18,418,232 140,668,767.60 7.60
NESTLE 91,872 138,240,802.40 1510.00

 

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Nigeria: Equity Market Halts Losing Streak, Rises by 0.34% - Brand SpurNigeria: Equity Market Halts Losing Streak, Rises by 0.34% - Brand Spur

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