Gains in banking and consumer goods sectors sustains equity market uptrend

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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%).

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MARKET STATISTICS

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
-6.04%

Source: NSEGTI Research

FOREIGN EXCHANGE

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

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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.

MONEY MARKET

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.

FIXED INCOME
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:  Equity Market gains 0.33%, extending bullish rally to three trading sessions.

Source: FMDQGTI Research

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NASD OTC MARKET

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
BANKING 5.36
CONSUMER GOODS 3.09
INDUSTRIAL -1.98
INSURANCE -0.56
LOTUS ISLAMIC -1.80
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
Read Also:  FMDQ OTC transitions to a Full-fledged securities exchange following 7th AGM

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

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
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