Nigerian Equity Market upholds positive sentiment as investors rally N136 billion gain

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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%).

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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: NSEGTI Research

FOREIGN EXCHANGE

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

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The Investors and Exporters (I&E) FX window opened at N388.00, traded high at N390.69 and eventually closed at N386.33to 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
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Source: FMDQGTI Research

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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
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Nigerian Equity Market upholds positive sentiment as investors rally N136 billion gain - Brand SpurNigerian Equity Market upholds positive sentiment as investors rally N136 billion gain - Brand Spur

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Nigerian Equity Market upholds positive sentiment as investors rally N136 billion gain - Brand SpurNigerian Equity Market upholds positive sentiment as investors rally N136 billion gain - 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
Read Also:  Equity market posts 1.51% gain to reverse downtrend


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!


Nigerian Equity Market upholds positive sentiment as investors rally N136 billion gain - 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.


Nigerian Equity Market upholds positive sentiment as investors rally N136 billion gain - 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

Nigerian Equity Market upholds positive sentiment as investors rally N136 billion gain - Brand Spur
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