Equity Market surge as Covid-19 Lockdown eases

Must Read

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is...

List of latest Ponzi schemes in Nigeria

These are the latest and past Ponzi scams and shady investment products that Nigerians are putting their monies into. What...

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

The Nigerian equity market sustained last week’s positive sentiment as the Covid-19 lockdown ease begin today (Monday), following the Federal government directive to open the economy partly, after 34 days of total lockdown in Lagos and Ogun state, including the FCT. However, the market breadth closed negatively, recording 15 gainers as against 19 losers.

In summary, the All-Share Index (ASI) increased by 68.85 absolute points, representing a growth of 0.30% to close at 23,089.86 points. Similarly, the overall Market Capitalization size increased by N35.88 billion, representing a growth of 0.30% to close at N12.03 trillion.

PRESTIGE emerged as the top gainer while NEM & NEIMETH emerged as the top losers.

The uptrend was impacted by gains recorded in large and medium capitalized stocks, amongst which are; ARDOVA (+9.96%), UACN (+4.39%), VITAFOAM (+3.83%), MTNN (+3.57%), TRANSCORP (+3.03%), DANGSUGAR (+2.81%), OANDO (+1.21%) and ZENITHBANK (+0.35%).

- Advertisement -


The Naira at the official window on Thursday closed unchanged at 361.00/$1, against last Thursday’s position.

The Investors and Exporters (I&E) FX window opened at N385.33, traded high at N390.00, and eventually closed at N384.00representing a 0.85% appreciation against last Thursday’s closing position. A total of $83.41 million was transacted through the I&E window today.


- Advertisement -

Overnight(O/N) rate closed at 4.67%, representing a 1.92% appreciation against last Thursday’s closing position, while Open Buy-Back (OBB) rate closed at 4.00%, representing a 1.75% appreciation against yesterday’s position.

Securities P. Close Close Change
Bond 479.80 476.58 -3.22bps
T.Bills 405.72 407.93 +2.21 bps
Note: BPS=> Basis Points

Source: FMDQGTI Research


The NASD OTC market on Monday closed negatively as the Unlisted Securities Index (USI) closed at 700.35, representing a 0.05% decline as against last Thursday’s closing position. Similarly, Market Capitalization lost N280 million to closed at N514.46 billion. Also, the aggregate volume and value decreased by 97.82% and 99.03%, as investors traded a total of 2,750 shares, worth N322,000 in 3 deal.

Read Also:  Nigeria Online Travel Agency Wakanow Launches in Nairobi
- Advertisement -

Click here for more on NASD Daily Price List

Sector Performance

Top 7 Gainers

Company Pclose Open Close Change % Change
PRESTIGE [BLS] 0.50 0.50 0.55 0.05 10.00
ARDOVA 11.55 11.55 12.70 1.15 9.96
WAPIC 0.26 0.26 0.28 0.02 7.69
LEARNAFRCA 1.03 1.03 1.10 0.07 6.80
MBENEFIT 0.20 0.20 0.21 0.01 5.00
UACN 6.90 6.90 7.20 0.30 4.35
VITAFOAM 4.96 4.96 5.15 0.19 3.83


Top 7 Losers

Company Pclose Open Close Change % Change
NEIMETH 0.60 0.60 0.54 -0.06 -10.00
NEM 2.20 2.20 1.98 -0.22 -10.00
CHAMS 0.23 0.23 0.21 -0.02 -8.70
ACCESS 6.60 6.60 6.10 -0.50 -7.58
UPL 1.06 1.06 0.98 -0.08 -7.55
CAVERTON [BLS] 2.47 2.47 2.30 -0.17 -6.88
FIDSON 2.45 2.45 2.30 -0.15 -6.12


Top 7 Traders By Volume

Company Volume Value(₦) Current Price
GUARANTY                             44,533,559                       935,210,413 21.00
FBNH                             40,713,687                       187,413,957 4.60
UBA                             24,753,358                       144,554,440 5.80
ZENITHBANK                             22,850,851                       328,505,804 14.35
ACCESS                             14,508,254                         89,399,488 6.10
STERLNBANK                             13,882,234                         17,715,391 1.28
UCAP                             11,607,353                         28,125,232 2.40


Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                             44,533,559                  935,210,412.60 21.00
ZENITHBANK                             22,850,851                  328,505,804.05 14.35
FBNH                             40,713,687                  187,413,956.70 4.60
MTNN                               1,613,168                  187,372,944.50 116.00
UBA                             24,753,358                  144,554,439.90 5.80
DANGCEM                                  962,950                  129,057,172.50 130.00
ACCESS                             14,508,254                    89,399,487.70 6.10
- Advertisement -
Equity Market surge as Covid-19 Lockdown easesEquity Market surge as Covid-19 Lockdown eases

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Equity Market surge as Covid-19 Lockdown easesEquity Market surge as Covid-19 Lockdown eases

Latest News

All set for Konga discount party by 12pm

Konga is set to host a discount party for the July and third edition of Konga Last Price, a...

How Business Can Fight COVID-19 in the Poorest Communities

The COVID-19 crisis has triggered an unprecedented homegrown response in Africa. There has been an outpouring of corporate philanthropy and community solidarity: for example,...

Lagos Business School emerges as the only African business school on 2020 Economist ranking

Lagos Business School (LBS) has become the only business school in Africa to be featured on The Economist 2020 Executive MBA Ranking. The Economist’s Executive...

Nigeria H2’20 Outlook – The viral shock

The year 2020 has been a struggle. A global pandemic is in full swing and is poised to upend lives and livelihoods, obliterating any...

BUA Group to set up 3 million Metric-ton Cement Company, 50MW Power Plant in Adamawa

The Bua Group announced that it is set to establish a three million metric tonnes cement plant and 50 megawatts power plant in Guyuk...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Equity Market surge as Covid-19 Lockdown easesEquity Market surge as Covid-19 Lockdown eases