Investors sustains positive sentiment with N160 billion gain

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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%).

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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.

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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
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Source: FMDQGTI Research

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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
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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

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
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