Investors gain N37billion amid bargain-hunting

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Investors on the Nigeria equity market reversed last Friday’s marginal negative sentiment as the market capitalization gained N37 billion, following price appreciation on MTNN, Guaranty and 24 other stocks. As a result, the market breadth closed positive, recording 25 gainers as against 13 losers.

In summary, the All-Share Index (ASI) increased by 70.42 absolute points, representing a growth of 0.29% to close at 23,941.75 points. Similarly, the overall Market Capitalization size gained N36.69 million, representing an increase of 0.69% to close at N12.48 trillion.

OKOMUOIL emerged as the top gainer while LASACO emerged as the top loser.

The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; OKOMUOIL (+9.99%), UNILEVER (+7.87%), WAPCO (+6.07%), VITAFOAM (+4.80%), INTBREW (+4.17%), WEMABANK (+3.51%), ACCESS (+2.40%), FCMB (+1.74%), MTNN (+1.37%), GUARANTY (+1.11%), BUACEMENT (+0.63%), and ZENITHBANK (+0.32%).

MARKET STATISTICS

CAP N12,477,313,480,558.64 One Day (ASI CHG) -0.005%
Index 23,941.75 One Week (ASI CHG) -0.72%
Volume 331,001,743 One Month (ASI CHG) +5.91%
Value N2,929,331,578.37 Six Months (ASI CHG) -11.10%
Deals 5,544 52 Weeks (ASI CHG) -15.61%
Gainers 25 Losers 13
Unchanged 56 Total 94
-11.07%
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Source: NSEGTI Research

FOREIGN EXCHANGE

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

The Investors and Exporters (I&E) FX window opened at N387.10, traded high at N399.99 and eventually closed at N386.33representing a 0.09% depreciation as against last Friday’s closing position. A total of $18.55 million was transacted through the I&E window today.

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MONEY MARKET

Overnight(O/N) rate closed at 2.33%, representing a 1.08% depreciation against last Friday’s closing position, while Open Buy-Back (OBB) rate closed at 1.83%, representing a 0.92% depreciation against last Friday’s position.

FIXED INCOME
Securities P. Close Close Change
Bond 499.97 497.45 -2.52 bps
T.Bills 338.36 335.37 -2.99 bps
Note: BPS=> Basis Points
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Source: FMDQGTI Research

NASD OTC MARKET

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The NASD OTC market today closed negatively as the Unlisted Securities Index (USI) declined by 0.78% to close at 688.51,  as against last Friday’s closing position. Similarly, Market Capitalization lost N3.99 billion to close at N505.76 billion. The aggregate volume and value increased by 1,276.92% and 644.32% respectively, as investors traded a total of 270,221 shares, worth N12.54 million in 7 deal.

Sector Performance

Sector %    Change
NSE30 0.68
BANKING 0.51
CONSUMER GOODS 0.63
INDUSTRIAL 0.94
INSURANCE -1.08
LOTUS ISLAMIC 0.70
OIL/GAS -0.08

Top 7 Gainers

Company Pclose Open Close Change % Change
OKOMUOIL 55.05 55.05 60.55 5.50 9.99
NEIMETH 0.72 0.72 0.79 0.07 9.72
BOCGAS 3.65 3.65 4.00 0.35 9.59
FIDSON 2.85 2.85 3.11 0.26 9.12
UNITYBNK 0.45 0.45 0.49 0.04 8.89
UNILEVER 12.70 12.70 13.70 1.00 7.87
GLAXOSMITH 6.35 6.35 6.80 0.45 7.09
Read Also:  Equity market gains 0.69% to sustain uptrend

Top 7 Losers

Company Pclose Open Close Change % Change
LASACO 0.27 0.27 0.25 -0.02 -7.41
CORNERST 0.59 0.59 0.55 -0.04 -6.78
JAIZBANK 0.59 0.59 0.55 -0.04 -6.78
WAPIC 0.32 0.32 0.30 -0.02 -6.25
TRANSCORP 0.72 0.72 0.69 -0.03 -4.17
MAYBAKER 3.12 3.12 3.00 -0.12 -3.85
FIDELITYBK 1.80 1.80 1.74 -0.06 -3.33

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
ACCESS                             83,560,692                       522,795,173 6.40
ZENITHBANK                             54,927,183                       842,866,777 15.50
STERLNBANK                             33,647,175                         43,412,451 1.30
FBNH                             20,532,645                       101,055,235 4.90
WAPCO                             16,166,739                       182,806,509 11.35
GUARANTY                             15,273,584                       346,825,980 22.75
TRANSCORP                             13,097,965                           8,949,249 0.69

Top 7 Traders By Value

Company Volume Value(₦) Current Price
ZENITHBANK                             54,927,183                  842,866,776.80 15.50
ACCESS                             83,560,692                  522,795,173.40 6.40
GUARANTY                             15,273,584                  346,825,980.20 22.75
MTNN                               2,144,917                  238,161,273.10 111.00
NESTLE                                  186,053                  185,439,475.40 995.00
WAPCO                             16,166,739                  182,806,508.80 11.35
FBNH                             20,532,645                  101,055,234.70 4.90
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