Equity market resumes new week in the green

Equity market resumes new week in the green

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The Nigeria equity market on Tuesday, resumed the new week gaining 0.54%, extending last Fridays positive sentiment. Consequently, the market breadth closed positive, recording 18 gainers and 11 losers.

In summary, the All-Share Index (ASI) increased by 141.90 absolute points, representing a growth of 0.54% to close at 26,456.39 points. Similarly, the Market Capitalization gained N69.08 billion representing an increase of 0.54%, to close at N12.88 trillion.

CCNN emerged the top gainer,  while  IKEJAHOTEL emerged as top loser.

The uptrend was impacted by gains recorded in large and medium capitalized stocks, amongst which are; CCNN (+9.14%), WEMABANK (+6.78%), UACN (+4.84%), UBA (+4.55%), HONEYFLOUR (+4.08%), ACCESS (+3.80%), NB (+1.51%), ZENITHBANK (+1.46%), DANGCEM (+0.96%), GUARANTY (+0.35%), STANBIC (+0.27%) and MTNN (+0.04%).

MARKET STATISTICS

CAPN12,878,857,037,810.01One Day (ASI CHG)+0.54%
Index26,456.39One Week (ASI CHG)+0.31%
Volume378,346,45One Month (ASI CHG)-0.29%
ValueN7,150,020,446.78Six Months (ASI CHG)-8.29%
Deals4,79852 Weeks (ASI CHG)-17.69%
Gainers18Losers11
Unchanged71Total100
YTD Returns-15.83%

Source: NSEGTI Research

FOREIGN EXCHANGE

The Naira at the official remains unchanged to close at N306.90/$1 as against last Friday’s position.

Read:  Equity market trade low in first post Eid-El-Kabir trading session

The Investors and Exporters (I&E) FX window opened at N362.45, traded high at N363.45 and eventually closed at N362.50, representing 0.07% appreciation against last Friday’s position. A total of $163.06 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 5.79%, representing a 0.21% appreciation against last Friday’s position, while Open Buy-Back (OBB) rate closed at 5.14%, representing a 0.71% appreciation against last Friday’s position.

Source: FMDQGTI Research 

NASD OTC MARKET         

The NASD OTC market remained flat, as the Unlisted Securities Index (USI) closed at 701.76 points. Similarly, the Market Capitalization closed at N504.17 billion as against last Friday’s position. However, the aggregate volume and value declined by 99.80%, and 97.54% respectively, as investors traded a total of 50,510 units of shares valued at N633,490 in 5 deals.

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Sector Performance

Sector%    Change
NSE300.47
BANKING1.35
CONSUMER GOODS0.33
INDUSTRIAL1.56
INSURANCE0.21
LOTUS ISLAMIC1.11
OIL/GAS0.00

Top 7 Gainers

CompanyPcloseOpenCloseChange% Change
CCNN17.5019.2519.101.609.14
UNIONDAC0.220.220.240.029.09
CORNERST0.490.490.530.048.16
CHIPLC0.390.390.420.037.69
WEMABANK0.590.600.630.046.78
UACN6.206.206.500.304.84
UBA6.606.606.900.304.55
Read:  Equity market losses 0.12% to begin the week in the red

Top 7 Losers

CompanyCloseOpenCloseChange% Change
IKEJAHOTEL0.970.970.88-0.09-9.28
COURTVILLE0.230.230.21-0.02-8.70
WAPCO14.7014.7014.15-0.55-3.74
JAIZBANK0.580.580.56-0.02-3.45
FBNH5.805.805.60-0.20-3.45
FCMB1.861.861.80-0.06-3.23
UNITYBNK0.570.570.56-0.01-1.75

 Top 7 Traders By Volume 

CompanyVolumeValue(₦)Current Price
ZENITHBANK                            86,545,989                   1,520,956,75617.40
ACCESS                            73,034,374                      682,916,8629.55
GUARANTY                            37,134,332                   1,058,595,69128.70
NB                            36,019,661                   1,699,823,55847.20
FIDELITYBK                            17,706,827                        33,150,2621.83
UBA                            17,406,132                      118,169,1416.90
TRANSCORP                            15,291,668                        15,403,9731.00

  Top 7 Traders By Value

CompanyVolumeValue(₦)Current Price
NB                            36,019,661              1,699,823,558.4047.20
ZENITHBANK                            86,545,989              1,520,956,755.7517.40
GUARANTY                            37,134,332              1,058,595,691.4028.70
MTNN                              7,300,342                 890,888,084.95122.05
ACCESS                            73,034,374                 682,916,862.109.55
NESTLE                                 341,344                 386,617,592.501150.00
DANGCEM                              1,301,787                 189,529,476.70147.20

 

GTI RESEARCH

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