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Home Business & Economy Equity Market surge as Covid-19 Lockdown eases
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Equity Market surge as Covid-19 Lockdown eases

By
Brand Spur
-
May 4, 2020
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    Local Bourse Begins Week Higher Amid Election Atmosphere
    Local Bourse Begins Week Higher Amid Election Atmosphere

    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%).

    FOREIGN EXCHANGE

    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 N384.00, representing a 0.85% appreciation against last Thursday’s closing position. A total of $83.41 million was transacted through the I&E window today.

    MONEY MARKET

    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.

    FIXED INCOME
    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: FMDQ, GTI Research

    NASD OTC MARKET

    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:  Google News Initiative Launches Digital Immersion Programme

    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

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    • TAGS
    • All Share Index
    • COVID-19 lockdown
    • NASD OTC MARKET
    • Nigerian equity market
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