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

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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.

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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

CAP N12,959,024,699,151.90 One Day (ASI CHG) +0.31%
Index 24,841.94 One Week (ASI CHG) +0.78%
Volume 154,467,244 One Month (ASI CHG) +2.08%
Value N1,457,531,880.26 Six Months (ASI CHG) -12.94%
Deals 4,222 52 Weeks (ASI CHG) -10.47%
Gainers 23 Losers 10
Unchanged 62 Total 95
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

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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
Securities Close P. Close Change
Bond 293.09 288.10 -4.99 bps
T.Bills 151.12 162.40 -11.28 bps
Note: BPS=> Basis Points

Source: FMDQGTI Research

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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
NSE30 0.33
BANKING 1.58
CONSUMER GOODS 0.07
INDUSTRIAL -0.03
INSURANCE 2.70
LOTUS ISLAMIC -0.15
OIL/GAS 0.23

 

Top 7 Gainers

Company Pclose Open Close Change % Change
MANSARD 1.44 1.44 1.58 0.14 9.72
UACN 6.30 6.15 6.85 0.55 8.73
JAIZBANK 0.55 0.55 0.59 0.04 7.27
NPFMCRFBK 1.19 1.19 1.26 0.07 5.88
MBENEFIT 0.21 0.21 0.22 0.01 4.76
AIICO 0.85 0.85 0.89 0.04 4.71
LASACO 0.24 0.24 0.25 0.01 4.17
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Top 7 Losers

Company Pclose Open Close Change % Change
CAP 17.10 17.10 15.40 -1.70 -9.94
TOTAL 87.80 87.80 79.10 -8.70 -9.91
ARDOVA 13.45 13.45 12.15 -1.30 -9.67
UNILEVER 12.25 12.25 11.20 -1.05 -8.57
GLAXOSMITH 5.30 5.30 4.85 -0.45 -8.49
INTBREW 3.30 3.30 3.15 -0.15 -4.55
JAPAULOIL 0.22 0.22 0.21 -0.01 -4.55
Read Also:  Seven Chinese companies that have made it in Africa

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
TRANSCORP                            13,543,976                          8,078,601 0.59
FBNH                            11,715,168                        59,183,878 5.05
WAPCO                              8,958,428                      105,262,433 11.75
NB                              8,871,692                      283,820,516 32.00
CUSTODIAN                              8,640,185                        43,345,565 5.00
MBENEFIT                              8,183,597                          1,794,210 0.22
GUARANTY                              7,609,595                      175,079,236 23.15

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
NB                              8,871,692                 283,820,516.30 32.00
GUARANTY                              7,609,595                 175,079,236.35 23.15
MTNN                              1,186,414                 140,412,213.00 118.00
SEPLAT                                 429,157                 138,021,923.80 321.00
ZENITHBANK                              6,976,051                 116,151,001.85 16.95
WAPCO                              8,958,428                 105,262,432.95 11.75
FBNH                            11,715,168                   59,183,877.90 5.05

GTI Group Research

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

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

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