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

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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Investors gain N37billion amid bargain-hunting - Brand SpurInvestors gain N37billion amid bargain-hunting - Brand Spur

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Investors gain N37billion amid bargain-hunting - Brand SpurInvestors gain N37billion amid bargain-hunting - Brand Spur

Latest News

Next Meats, Purveyor of the World’s First Plant-based Yakiniku Meats, Is Now in Singapore

The Tokyo-based startup makes its debut in the alt-protein hotspot of Singapore

 

  • Next Meats has collaborated with Aburi-EN to deliver two new meal sets
  • Made with soybean proteins, the Kalbi contains no chemical additives or animal ingredients
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SINGAPORE - Media OutReach - 14 April 2021 - Next Meats, a purveyor of the world's first plant-based yakiniku meats, is making its debut in the alternative protein hotspot, Singapore! The Japanese alternative meat company has collaborated this time with popular Japanese restaurant Aburi-EN, which will offer two types of set meals using the NEXT Kalbi (boneless short rib) for the very first time. Made largely from soy proteins, the NEXT Kalbi contains double the amount of protein and half the fats than that of regular meat and even more, it does not contain any chemical additives or cholesterol due to its lack of animal ingredients. Now, Singaporeans can enjoy yakiniku without the guilt!


Investors gain N37billion amid bargain-hunting - Brand Spur

From left to right: Premium Kalbi Don Set and Stamina Teishouku Set

The two new menus available at Aburi-EN are the Kalbi Don Set (S$13.80) and the Stamina Teishoku (S$15.80) — which are available for a limited time only. Next Meats has specifically chosen to work with Aburi-EN as they are a Japanese grilled-meat specialist. The two menus are the culmination of many months of research and development, and they will also be Aburi-EN's first-ever plant-based dishes.


Investors gain N37billion amid bargain-hunting - Brand Spur

For the Kalbi Don Set, Next Meat's Kalbi is grilled and served atop a bowl of fragrant Japanese steamed rice. Equally indulgent, the Stamina Teishoku features the Kalbi stir-fried with cabbage along with egg imported from Okinawa. The meat is then served with fragrant Japanese steamed rice, salad, pickles and miso soup. For both dishes, the meats are glazed with a special homemade sauce that packs an irresistible umami punch.

Both the Kalbi Don Set and Stamina Teishoku will be available at all Aburi-EN stores from April to July 2021.

An advocate of sustainable food production and better food security

The NEXT Kalbi is one of Next Meats' innovative offerings, which includes other plant-based delicacies such as the NEXT burger and NEXT gyudon (beef bowl). The company champions the importance of saving the planet and humanity through reducing the emission of greenhouse gases (which is produced from meat consumption and animal agriculture) and utilizing biotechnology to combat protein deficiency.

Through extensive research and development, Next Meats has culminated the knowhow on using molecular binding to mould vegetable proteins from powder. Buoyed by state-of-the-art, proprietary technologies, the company has successfully created vegan substitutes that replicate the texture of real meat.

About Next Meats

Hailing from Tokyo, Next Meats is a food-tech venture company that specialises in the research and development of Japanese-style alternative meat products. Its journey of product development began in 2017, and the company was officially established in 2020. Its portfolio of products includes plant-based burger patties, gyudon and yakiniku meats.

Social Media for Next Meats

Facebook: /nextmeats.singapore

Instagram: @nextmeats_singapore

Hashtags: #nextmeats #nextmeats_sg #japaneseplantbased


About Aburi-EN

Aburi-EN is Singapore's leading Japanese Grill restaurant chain, best known for delicious high quality grilled donburi bowls. Signature dishes include the Premium Buta Don with grilled chestnut-fed pork, Wagyu Karubi Don, and the Wagyu Stamina Don, made using A4/A5 Miyazaki Wagyu, which has won Japan's "National Wagyu Award" for 3 consecutive years, among many others. The homemade sauces give the meats and dishes an extra umami-ness. Aburi-EN is also known for affordable highballs and Japanese sours, which pair perfectly with the Aburi dishes.

Social Media for Aburi-EN

Facebook: /aburiensg

Instagram: @aburien.sg

Hashtags: #aburiensg #aburiendonburi #aburienjapanesegrill

Outlets

- Isetan Scotts:

350 Orchard Rd, #01-K1 Shaw House, Singapore 238868

- Causeway Point

1 Woodlands Square, #02-09B Causeway Point, Singapore 738099

- Jem

50 Jurong Gateway Rd, #01-04 Jem, Singapore 608549

- Vivo City

1 Harbourfront Walk, #01-159/160 VivoCity, Singapore 098585

- Novena Square

238 Thomson Rd, #01-89/90, Singapore 307683

- Guoco Tower

1 Wallich St, #B2 - 09, Singapore 078884

- Orchard Central

181 Orchard Central, Central, #01-16 Orchard, 238896

- Suntec City

3 Temasek Blvd, #B1-121 Suntec City Mall, Singapore 038983

- Nex

23 Serangoon Central, #01-63/64/65 Nex, Singapore 556083

Operating Hours

11am – 10pm, Daily

Investors gain N37billion amid bargain-hunting - Brand Spur
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