Gains in banking and consumer goods sectors sustains equity market uptrend

Must Read

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...

Here is the list of Providus Bank Branches in Lagos

A little over two years after it was granted a commercial banking license with regional authorization by the Central...

List of latest Ponzi schemes in Nigeria

These are the latest and past Ponzi scams and shady investment products that Nigerians are putting their monies into. What...

Transactions on the Nigerian equity market sustained last week uptrend to six consecutive trading session, as the market indices grew by 0.07%, following gains in Banking and Consumer goods sectors. Consequently, the market breadth closed positively, recording 32 gainers as against 11 losers.

In summary, the All-Share Index (ASI) increased by 16.48 absolute points, representing a growth of 0.07% to close at 25,221.23 points. Similarly, the overall Market Capitalization size gained N8.59 million, representing an increase of 0.07% to close at N13.14 trillion.

NB emerged as the top gainer while ARDOVA emerged as the top loser.

The uptrend was impacted by gains recorded in large and medium capitalized stocks, amongst which are; NB (+10.00%), STANBIC (+9.98%), ACCESS (+9.70%), FBNH (+9.62%), DANGSUGAR (+9.38%), GUINNESS (+8.17%), UACN (+7.78%), UBA (+5.88%), ZENITHBANK (+5.60%), GUARANTY (+4.63%), WAPCO (+3.11%), DANGCEM (+2.46%), and WEMABANK (+1.69%).

- Advertisement -


CAP N13,144,119,164,300.35 One Day (ASI CHG) +0.07%
Index 25,221.23 One Week (ASI CHG) +3.14%
Volume 581,606,575 One Month (ASI CHG) +11.52%
Value N5,590,619,232.87 Six Months (ASI CHG) -5.86%
Deals 7,759 52 Weeks (ASI CHG) -16.47%
Gainers 32 Losers 11
Unchanged 56 Total 99

Source: NSEGTI Research


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

- Advertisement -

The Investors and Exporters (I&E) FX window opened at N386.52, traded high at N390.00 and eventually closed at N385.94to remain unchanged as against last Friday’s closing position. A total of $29.38 million was transacted through the I&E window today.


Overnight(O/N) rate closed at 15.60%, representing a 0.03% depreciation against last Friday’s closing position, while Open Buy-Back (OBB) rate closed at 15.00%, to remain unchanged as against last Friday’s position.

Securities P. Close Close Change
Bond 490.24 478.24 -12.00 bps
T.Bills 243.45 243.63 +0.19 bps
Note: BPS=> Basis Points
Read Also:  The Accolade Challenge: See How Brands Are Taking Advantage Of It

Source: FMDQGTI Research

- Advertisement -


The NASD OTC market on Wednesday closed negatively as the Unlisted Securities Index (USI) declined by 1.31% closed at 679.46,  as against last Friday’s closing position. Similarly, Market Capitalization lost N6.65 billion closed at N499.11 billion. The aggregate volume dipped by 85.54%, while the aggregate value grew by 88.34%, as investors traded a total of 47,750 shares, worth N13.67 in 6 deal.

Sector Performance

Sector %    Change
NSE30 0.09
OIL/GAS -0.34

Top 7 Gainers

Company Pclose Open Close Change % Change
NB 39.50 39.50 43.45 3.95 10.00
STANBIC 32.55 32.55 35.80 3.25 9.98
MAYBAKER 2.81 2.81 3.09 0.28 9.96
GLAXOSMITH 7.15 7.15 7.85 0.70 9.79
ACCESS 6.70 6.70 7.35 0.65 9.70
SKYAVN 1.45 1.45 1.59 0.14 9.66
FBNH 5.20 5.20 5.70 0.50 9.62

Top 7 Losers

Company Pclose Open Close Change % Change
ARDOVA 16.00 16.00 14.40 -1.60 -10.00
REGALINS 0.23 0.23 0.21 -0.02 -8.70
AFROMEDIA 0.28 0.28 0.26 -0.02 -7.14
TRANSCORP 0.77 0.77 0.72 -0.05 -6.49
WAPIC 0.33 0.33 0.31 -0.02 -6.06
CAVERTON 2.61 2.35 2.47 -0.14 -5.36
NAHCO 2.40 2.40 2.32 -0.08 -3.33
Read Also:  Equity market gains 0.50% extending yesterdays positive rally.

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
FBNH                           120,862,227                       681,865,462 5.70
ZENITHBANK                             67,266,796                    1,192,369,261 17.90
GUARANTY                             62,688,244                    1,542,059,290 24.85
UBA                             45,789,532                       328,617,532 7.20
TRANSCORP                             36,542,307                         26,993,045 0.72
WAPCO                             29,723,280                       347,325,791 11.60
ACCESS                             23,781,234                       170,083,576 7.35

Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                             62,688,244               1,542,059,289.90 24.85
ZENITHBANK                             67,266,796               1,192,369,261.25 17.90
FBNH                           120,862,227                  681,865,461.50 5.70
MTNN                               3,776,272                  435,828,609.80 115.00
WAPCO                             29,723,280                  347,325,791.35 11.60
UBA                             45,789,532                  328,617,531.60 7.20
ACCESS                             23,781,234                  170,083,575.70 7.35
- Advertisement -
Gains in banking and consumer goods sectors sustains equity market uptrendGains in banking and consumer goods sectors sustains equity market uptrend

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.


Please enter your comment!
Please enter your name here

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

Gains in banking and consumer goods sectors sustains equity market uptrendGains in banking and consumer goods sectors sustains equity market uptrend

Latest News

Reasons Behind the Success of Three of Gaming’s Biggest Brands

The gaming industry is huge. In 2019, gamers spent $152.1 billion on buying titles and paying for in-game items....

Dangote Sugar acquires Savannah Sugar for Market Expansion

In a bid to enhance production capacity and further increase its market share, shareholders of Dangote Sugar Refinery Plc (DSR) have given the nod...

Nigeria’s Domestic Debt Service increased by 295% in Q1 2020 – NBS

Domestic debt service increased by 295% from Q4 2019 to ₦609 billion in Q1 2020. FGN bonds made up 80% of the domestic debt...

PZ Cussons delists from GSE to improve business operations

The Ghana Stock Exchange (GSE) has approved the delisting of a major consumer goods company, PZ Cussons Ghana from the stock market, following the...

The power of women in the 21st Century: The Zinox Group example By Dr. Abiona Iwajowa

"There's something so special about a woman who dominates in a man's world. It takes a certain grace, strength, intelligence, fearlessness, and the nerve...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Gains in banking and consumer goods sectors sustains equity market uptrendGains in banking and consumer goods sectors sustains equity market uptrend