The Nigerian equity market on Tuesday upholds yesterday’s positive sentiment, as the market performance indicators grew by 1.09%. The growth was impacted by price appreciation on Okomuoil, Dangcem and 27 others. Consequently, the market breadth closed positively, recording 29 gainers as against 8 losers.
In summary, the All-Share Index (ASI) increased by 261.12 absolute points, representing a growth of 1.09% to close at 24,202.87 points. Similarly, the overall Market Capitalization size gained N136.09 million, representing an increase of 1.09% to close at N12.61 trillion.
CAVERTON emerged as the top gainer while LASACO emerged as the top loser.
The uptrend was impacted by gains recorded in large and medium capitalized stocks, amongst which are; UNILEVER (+9.85%), TRANSCORP (+5.80%), FIDELITYBK (+5.17%), FBNH (+4.08%), ACCESS (+3.13%), DANGCEM (+2.79%), GUARANTY (+2.42%), UBA (+2.40%), ZENITHBANK (+2.26%), UACN (+2.21%), and STANBIC (+1.09%).
MARKET STATISTICS
| CAP | N12,613,400,889,027.78 | One Day (ASI CHG) | +1.09% |
| Index | 24,202.87 | One Week (ASI CHG) | +2.14% |
| Volume | 339,756,744 | One Month (ASI CHG) | +5.59% |
| Value | N3,921,291,338.71 | Six Months (ASI CHG) | -9.49% |
| Deals | 4,784 | 52 Weeks (ASI CHG) | -16.17% |
| Gainers | 29 | Losers | 8 |
| Unchanged | 59 | Total | 96 |
| -9.83% |
Source: NSE, GTI Research
FOREIGN EXCHANGE
The Naira at the official window on Thursday closed unchanged at 361.00/$1, against yesterday’s position.
The Investors and Exporters (I&E) FX window opened at N388.00, traded high at N390.69 and eventually closed at N386.33, to remain unchanged as against yesterday’s closing position. A total of $40.28 million was transacted through the I&E window today.
MONEY MARKET
Overnight(O/N) rate closed at 2.30%, representing a 0.03% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 1.90%, representing a 0.07% appreciation against yesterday’s position.
| FIXED INCOME | |||
| Securities | P. Close | Close | Change |
| Bond | 497.45 | 495.85 | -1.60 bps |
| T.Bills | 335.37 | 325.06 | -10.31 bps |
| Note: BPS=> Basis Points |
Source: FMDQ, GTI Research
NASD OTC MARKET
The NASD OTC market on Tuesday remains unchanged as the Unlisted Securities Index (USI) closed at 688.51, as against yesterday’s closing position. Similarly, Market Capitalization closed at N505.76 billion. The aggregate volume and value declined by 94.09% and 64.59% respectively, as investors traded a total of 16,200 shares, worth N4.44 million in 3 deal.
Sector Performance
| Sector | % Change |
| NSE30 | 1.32 |
| BANKING | 2.08 |
| CONSUMER GOODS | 0.33 |
| INDUSTRIAL | 0.78 |
| INSURANCE | 0.41 |
| LOTUS ISLAMIC | 0.97 |
| OIL/GAS | 0.24 |
Top 7 Gainers
| Company | Pclose | Open | Close | Change | % Change |
| CAVERTON | 2.50 | 2.50 | 2.75 | 0.25 | 10.00 |
| OKOMUOIL | 58.55 | 58.55 | 64.40 | 5.85 | 9.99 |
| UNILEVER | 13.70 | 13.70 | 15.05 | 1.35 | 9.85 |
| CILEASING | 4.60 | 4.60 | 5.05 | 0.45 | 9.78 |
| CUTIX | 1.36 | 1.36 | 1.49 | 0.13 | 9.56 |
| NPFMCRFBK | 1.82 | 1.82 | 1.94 | 0.12 | 6.59 |
| UNITYBNK | 0.49 | 0.49 | 0.52 | 0.03 | 6.12 |
Top 7 Losers
| Company | Pclose | Open | Close | Change | % Change |
| LASACO | 0.25 | 0.25 | 0.23 | -0.02 | -8.00 |
| NAHCO | 2.44 | 2.44 | 2.33 | -0.11 | -4.51 |
| WAPIC | 0.30 | 0.30 | 0.29 | -0.01 | -3.33 |
| INTBREW | 5.00 | 5.00 | 4.85 | -0.15 | -3.00 |
| WEMABANK | 0.59 | 0.59 | 0.58 | -0.01 | -1.69 |
| FCMB | 1.75 | 1.75 | 1.74 | -0.01 | -0.57 |
| WAPCO | 11.35 | 11.35 | 11.30 | -0.05 | -0.44 |
Top 7 Traders By Volume
| Company | Volume | Value(₦) | Current Price |
| ACCESS | 80,649,497 | 545,806,753 | 6.60 |
| GUARANTY | 41,887,746 | 971,996,957 | 23.30 |
| ZENITHBANK | 39,746,368 | 628,857,208 | 15.85 |
| FBNH | 33,872,849 | 169,289,338 | 5.10 |
| LASACO | 19,746,753 | 4,631,905 | 0.23 |
| UBA | 16,968,168 | 107,857,938 | 6.40 |
| UCAP | 11,699,776 | 29,543,282 | 2.56 |
Top 7 Traders By Value
| Company | Volume | Value(₦) | Current Price |
| GUARANTY | 41,887,746 | 971,996,956.75 | 23.30 |
| ZENITHBANK | 39,746,368 | 628,857,207.55 | 15.85 |
| DANGCEM | 3,938,670 | 579,580,431.00 | 147.50 |
| ACCESS | 80,649,497 | 545,806,752.95 | 6.60 |
| GUINNESS | 11,212,785 | 190,691,858.50 | 17.00 |
| FBNH | 33,872,849 | 169,289,337.75 | 5.10 |
| NESTLE | 139,503 | 143,835,119.60 | 995.00 |
