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.
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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 |