Investors sustains positive sentiment with N160 billion gain

Must Read

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is...

15 Wool Braid Hairstyles You Should Try

Wool braid hairstyles have been popular for years and show no signs of slowing down. Wool braids allow you...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...
Investors sustains positive sentiment with N160 billion gainInvestors sustains positive sentiment with N160 billion gain

Investors in the Nigerian equity market sustained positive sentiment to three consecutive trading days, as the market performance indicators (All-Share Index and Market Capitalization) grew by 1.25%. The rally was driven by gains in all of the five major sectors, led by the Industrial sectors. Consequently, the market breadth closed positively, recording 29 gainers as against 9 losers.

In summary, the All-Share Index (ASI) increased by 306.16 absolute points, representing a growth of 1.25% to close at 24,758.39 points. Similarly, the overall Market Capitalization size gained N159.55 million, representing an increase of 1.25% to close at N12.90 trillion.

SUNUASSUR emerged as the top gainer while ARBICO emerged as the top loser.

The uptrend was impacted by gains recorded in large and medium capitalized stocks, amongst which are; MOBIL (+9.95%), BUACEMENT (+9.88%), UNILEVER (+9.30%), UACN (+4.83%), ETERNA (+4.30%), FBNH (+3.88%), ZENITHBANK (+3.03%), ACCESS (+2.29%), HONYFLOUR (+3.00%), UBA (+0.75%), and GUARANTY (+0.63%).

- Advertisement -

MARKET STATISTICS

CAP N12,902,909,643,425.98 One Day (ASI CHG) +1.25%
Index 24,758.39 One Week (ASI CHG) +3.71%
Volume 350,765,865 One Month (ASI CHG) +9.41%
Value N3,706,029,097.96 Six Months (ASI CHG) -7.87%
Deals 5,239 52 Weeks (ASI CHG) -18.07%
Gainers 29 Losers 9
Unchanged 56 Total 94
-7.76%

Source: NSEGTI Research

FOREIGN EXCHANGE

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

- Advertisement -

The Investors and Exporters (I&E) FX window opened at N387.25, traded high at N389.75 and eventually closed at N386.50representing a 0.02% decline as against yesterday’s closing position. A total of $85.61 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 2.00%, representing a 0.17% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 1.42%, representing a 0.25% depreciation against yesterday’s position.

FIXED INCOME
Securities P. Close Close Change
Bond 489.95 492.46 +2.51 bps
T.Bills 275.01 262.24 -12.77 bps
Note: BPS=> Basis Points
Read Also:  FMDQ Achieves ₦142.00 Trillion Market Turnover in 2017

Source: FMDQGTI Research

- Advertisement -

NASD OTC MARKET

The NASD OTC market on Thursday 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 grew by 7.60%, while the aggregate value declined by 36.96%, as investors traded a total of 2,123 shares, worth N4254,760 in 1 deal.

Sector Performance

Sector %    Change
NSE30 1.43
BANKING 1.41
CONSUMER GOODS 0.38
INDUSTRIAL 5.72
INSURANCE 0.97
LOTUS ISLAMIC 2.48
OIL/GAS 1.44

Top 7 Gainers

Company Pclose Open Close Change % Change
SUNUASSUR 0.20 0.20 0.22 0.02 10.00
REDSTAREX 3.41 3.41 3.75 0.34 9.97
MOBIL 176.90 176.90 194.50 17.60 9.95
BUACEMENT 32.40 32.40 35.60 3.20 9.88
CUTIX 1.49 1.49 1.63 0.14 9.40
UNILEVER 15.05 15.05 16.45 1.40 9.30
CILEASING 5.10 5.10 5.50 0.40 7.84

Top 5 Losers

Company Pclose Open Close Change % Change
ARBICO 2.32 2.32 2.09 -0.23 -9.91
OANDO 2.78 2.80 2.62 -0.16 -5.76
FLOURMILL 21.00 21.00 20.00 -1.00 -4.76
NPFMCRFBK 1.97 1.97 1.90 -0.07 -3.55
JAIZBANK 0.60 0.60 0.58 -0.02 -3.33
UNIONDAC 0.30 0.30 0.29 -0.01 -3.33
NEM 2.05 2.05 2.00 -0.05 -2.44
Read Also:  Breakfast Report: The Week Ahead, Stock Watch & Recommendations – Vetiva

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
ZENITHBANK                             57,420,769                       961,397,839 17.00
EKOCORP                             57,003,125                       342,018,750 6.00
FBNH                             44,360,888                       230,965,329 5.35
GUARANTY                             31,999,831                       764,790,045 24.00
WAPCO                             28,383,185                       312,418,920 11.00
UBA                             21,510,732                       143,502,068 6.70
ACCESS                             20,406,050                       133,016,924 6.70

Top 7 Traders By Value

Company Volume Value(₦) Current Price
ZENITHBANK                             57,420,769                  961,397,838.70 17.00
GUARANTY                             31,999,831                  764,790,045.15 24.00
EKOCORP                             57,003,125                  342,018,750.00 6.00
WAPCO                             28,383,185                  312,418,920.40 11.00
DANGCEM                               1,592,891                  239,643,779.30 150.00
FBNH                             44,360,888                  230,965,329.25 5.35
UBA                             21,510,732                  143,502,068.30 6.70
- Advertisement -
Investors sustains positive sentiment with N160 billion gainInvestors sustains positive sentiment with N160 billion gain

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Investors sustains positive sentiment with N160 billion gainInvestors sustains positive sentiment with N160 billion gain

Latest News

Nike Releases New Film “For Once, Don’t Do It” in a message about racism in America

In a bold move, Nike opens the tough conversation that so many corporations turn blind eyes, deaf ears and...

MPC Maintains Accommodative Stance…Cuts MPR to 12.50%

In a shocking turn of events, the Monetary Policy Committee (MPC) cut its key policy rate MPR by 100bps to 12.50%, having maintained the...

History Of Coca-Cola Advertising Slogans

Red, White & You (1986) Throughout the years, the slogans used in advertising for Coca-Cola have reflected not only the brand but the times. Slogans...

Dangote Cement Plc – Resilient Q1 2020 results amid early impacts of COVID-19

Dangote Cement Plc grew revenue YoY by 4% in its Q1 2020 result. Gross profit rose YoY by 3% on account of faster growth...

Q1’2020 GDP Growth Slows – Underlying economic weaknesses reflect in GDP performance

The Nigerian economy grew by 1.87% on a year-on-year (YoY) basis in Q1’20. The GDP performance represented a 23 basis points decline from the...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Investors sustains positive sentiment with N160 billion gainInvestors sustains positive sentiment with N160 billion gain