Gains in MTN Nigeria and Dangote Cement drive N221BN surge in Market Cap

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The equity market rallied today by 1.74%, equivalent to N221bn in market capitalization, majorly as a result of price appreciation in MTNN and DANGCEM amongst other stocks. Market breadth closed positive, recording 15 gainers and 14 losers.

The All Share Index (ASI) gained 501.47 absolute points, representing a growth of 1.74% to close at 29,373.40 points. Similarly, Market Capitalization grew by N220.87 billion, representing an increase of 1.74% to close at N12.94 trillion.

MCNICHOLS emerged the top gainer while FO emerged as top loser.

The uptrend was impacted by gains recorded in large and medium capitalized stocks, amongst which are; MTNN (+10.00%), FCMB (+7.10%), GUINNESS (+2.96%), WEMABANK (+1.61%), DANGFLOUR (+1.24%), DANGCEM (+1.14%),  and ZENITHBANK (+0.26%).

MARKET STATISTICS

CAP N12,937,623,210,098.46 One Day (ASI CHG) +1.74%
Index 29,373.40 One Week (ASI CHG) +3.12%
Volume 214,420,669 One Month (ASI CHG) -2.37%
Value N7,932,132,129.25 Six Months (ASI CHG) -8.84%
Deals 4,644 52 Weeks (ASI CHG) -27.42%
Gainers 17 Losers 20
Unchanged 69 Total 106
YTD Returns -6.54%
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Source: NSEGTI Research

FOREIGN EXCHANGE

The Naira exchange rate at the official window closed at N306.90/$1, representing a 0.02%  against last Friday’s position.

The Investors and Exporters (I&E) FX window opened at N360.07, traded high at N361.50 and eventually closed at N360.72 representing a 0.06% depreciation as against last Friday’s closing position. A total of $212.58 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 5.71%, representing a 0.43% appreciation against last Friday’s closing position, while Open Buy-Back (OBB) rate closed at 5.00%, representing a 0.43%appreciation against last Friday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 937.54 943.04 +5.50 bps
T.Bills 473.29 520.10 +46.81 bps
Note: BPS=> Basis Points

Source: FMDQGTI Research 

NASD OTC MARKET         

The NASD market sustained negative sentiment as the Unlisted Securities Index (USI) declined by 0.21% to close at 758.79 points against last Friday’s index. Similarly, Market Capitalization declined by N1.13 billion to close at N545.14 billion. Market activities measured by aggregate volume dipped by 25.28%, while the aggregate value grew by 72.76%  Investors traded a total of 110,400 units of shares valued at N13.08 million in 6 deals.

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Five securities were traded on the OTC Platform today, which are SDAFRILAND, SDCSCSPLC, SDFOODCPT, SDNDEP and SDNIPCOPLC

Sector Performance            

Sector %    Change
NSE30 -0.20
BANKING -1.08
CONSUMER GOODS 0.04
INDUSTRIAL -0.04
INSURANCE 1.81
LOTUS ISLAMIC 0.31
OIL/GAS -1.11

Top 7 Gainers  

Company Pclose Open Close Change % Change
MCNICHOLS 0.50 0.50 0.55 0.05 10.00
MTNN 108.90 108.90 119.75 10.85 9.96
THOMASWY 0.31 0.31 0.34 0.03 9.68
LIVESTOCK 0.64 0.64 0.70 0.06 9.38
LINKASSURE 0.44 0.44 0.48 0.04 9.09
UNIONDAC 0.23 0.23 0.25 0.02 8.70
NEM 2.20 2.20 2.36 0.16 7.27

Top 7 Losers   

Company Pclose Open Close Change % Change
FO 28.35 28.35 25.55 -2.80 -9.88
ETRANZACT 2.64 2.64 2.38 -0.26 -9.85
NEIMETH 0.61 0.61 0.56 -0.05 -8.20
STERLNBANK 2.50 2.50 2.30 -0.20 -8.00
ACCESS 6.45 6.45 6.10 -0.35 -5.43
MBENEFIT 0.22 0.22 0.21 -0.01 -4.55
ROYALEX 0.24 0.24 0.23 -0.01 -4.17
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 Top 7 Traders By Volume

Company Volume Value(₦) Current Price
MTNN                             51,401,660                    6,155,348,785 119.75
FBNH                             17,464,434                       122,249,741 7.00
UBA                             17,201,499                       103,190,259 6.00
NAHCO                             15,792,606                         49,920,831 3.16
GUARANTY                             15,248,244                       464,492,206 30.40
ACCESS                             15,140,514                         95,685,272 6.10
ZENITHBANK                             12,696,393                       249,616,478 19.65

Top 7 Traders By Value

Company Volume Value(₦) Current Price
MTNN                             51,401,660               6,155,348,785.00 119.75
GUARANTY                             15,248,244                  464,492,205.95 30.40
NB                               4,926,567                  307,790,939.90 62.50
ZENITHBANK                             12,696,393                  249,616,477.90 19.65
FBNH                             17,464,434                  122,249,740.55 7.00
UBA                             17,201,499                  103,190,258.75 6.00
ACCESS                             15,140,514                    95,685,271.55 6.10

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