MTN & 19 others led equity market to sustain growth, gains N35.99bn

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Bullish Sentiment Persists in the Domestic Bourse, NGX ASI Gains 106bps
Bullish Sentiment Persists in the Domestic Bourse, NGX ASI Gains 106bps

The Nigerian equity market today (Tuesday) closed on a positive note, with a growth of 0.31%, extending the previous positive momentum to three consecutive trading days, following value appreciation on some bellwether stocks like MTNN, GUARANTY, ZENITHBANK, and 16 others.

Consequently, the market breadth closed on a positive note, recording 23 gainers as against 10 losers.

In summary, the All-Share Index (ASI) increased by 75.82 absolute points, representing a growth of 0.31% to close at 24,841.94 points. Similarly, the overall Market Capitalization size gained N39.55 billion, representing an increase of 0.31% to close at N12.96 trillion

MTN & 19 others led equity market to sustain growth, gains N35.99bn Brandspurng
Photo by Alec Favale

MANSARD emerged as the top gainers while CAP emerged as the top loser.

The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; FLOURMILL (+4.00%), ZENITH BANK (+3.67%), SEPLAT (+3.48%), NB (+3.23%), ETI (+2.44%), GUARANTY (+1.31%) and MTNN (+0.08%).

MARKET STATISTICS

CAPN12,959,024,699,151.90One Day (ASI CHG)+0.31%
Index24,841.94One Week (ASI CHG)+0.78%
Volume154,467,244One Month (ASI CHG)+2.08%
ValueN1,457,531,880.26Six Months (ASI CHG)-12.94%
Deals4,22252 Weeks (ASI CHG)-10.47%
Gainers23Losers10
Unchanged62Total95
YTD-7.45%

Source: NSEGTI Research, Equity Market

FOREIGN EXCHANGE

The Naira at the official window on Tuesday closed at 381.00/$1, unchanged against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N388.46, traded high at N390.00, and eventually closed at N389.00representing a 0.26% depreciation against the previous day’s closing position. A total of $17.23 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 10.08%, representing a 4.25% depreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 9.00%, representing an 4.33% depreciation against the previous day’s position.

FIXED INCOME
SecuritiesCloseP. CloseChange
Bond293.09288.10-4.99 bps
T.Bills151.12162.40-11.28 bps
Note: BPS=> Basis Points

Source: FMDQGTI Research

NASD OTC MARKET

The NASD OTC market today (Tuesday) closed on a positive note as the Unlisted Securities Index (USI) closed at 705.48, representing a 0.88% appreciation against the previous day’s closing position. Similarly, Market Capitalization gained N4.53 billion to close at N518.22 billion, representing a 0.88% appreciation against the previous day’s closing position. Consequently, the aggregate volume and value decreased by 85.94% and 57.61% respectively, as investors traded a total of 109,694 shares, worth N4.14 million in 9 deal.

Sector Performance

Sector% Change
NSE300.33
BANKING1.58
CONSUMER GOODS0.07
INDUSTRIAL-0.03
INSURANCE2.70
LOTUS ISLAMIC-0.15
OIL/GAS0.23

 

Top 7 Gainers

CompanyPcloseOpenCloseChange% Change
MANSARD1.441.441.580.149.72
UACN6.306.156.850.558.73
JAIZBANK0.550.550.590.047.27
NPFMCRFBK1.191.191.260.075.88
MBENEFIT0.210.210.220.014.76
AIICO0.850.850.890.044.71
LASACO0.240.240.250.014.17

 

Top 7 Losers

CompanyPcloseOpenCloseChange% Change
CAP17.1017.1015.40-1.70-9.94
TOTAL87.8087.8079.10-8.70-9.91
ARDOVA13.4513.4512.15-1.30-9.67
UNILEVER12.2512.2511.20-1.05-8.57
GLAXOSMITH5.305.304.85-0.45-8.49
INTBREW3.303.303.15-0.15-4.55
JAPAULOIL0.220.220.21-0.01-4.55

 

Top 7 Traders By Volume

CompanyVolumeValue(₦)Current Price
TRANSCORP                           13,543,976                         8,078,6010.59
FBNH                           11,715,168                       59,183,8785.05
WAPCO                             8,958,428                     105,262,43311.75
NB                             8,871,692                     283,820,51632.00
CUSTODIAN                             8,640,185                       43,345,5655.00
MBENEFIT                             8,183,597                         1,794,2100.22
GUARANTY                             7,609,595                     175,079,23623.15

 

Top 7 Traders By Value

CompanyVolumeValue(₦)Current Price
NB                             8,871,692                283,820,516.3032.00
GUARANTY                             7,609,595                175,079,236.3523.15
MTNN                             1,186,414                140,412,213.00118.00
SEPLAT                                429,157                138,021,923.80321.00
ZENITHBANK                             6,976,051                116,151,001.8516.95
WAPCO                             8,958,428                105,262,432.9511.75
FBNH                           11,715,168                  59,183,877.905.05

GTI Group Research