Stock market halts two days downtrend, gains 1.04%

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consumer goods Stock market halts two days downtrend, gains 1.04%

Transactions on the Nigerian equity market today (Wednesday) closed on a positive note, gaining 1.04% to halt the previous negative sentiment of two consecutive trading days, following value appreciation on some bellwether stocks like AIRTELAFRI, TOTAL, SEPLAT and 15 others.

However, the market breadth closed on a positive note, recording 18 gainers as against 11 losers.

In summary, the All-Share Index (ASI) increased by 257.78 absolute points, representing a growth of 1.04% to close at 25,141.48 points. Similarly, the overall Market Capitalization size gained N134.47 billion, representing an increase of 1.04% to close at N13.12 trillion

SEPLAT emerged as the top gainer while CHAMPION emerged as the top loser.

Afrinvest Stock Recommendation for the Week August 3, 2020

The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; SEPLAT (+10.00%), CADBURY (+9.93%), AIRTELAFRI (+9.20%), PRESCO (+7.29%), GUINNESS (+6.21%), OANDO (+1.27%) TOTAL (+1.14%) and FLOURMILL (+0.52%).

MARKET STATISTICS

CAP N13,115,282,177,305.07 One Day (ASI CHG) +1.04%
Index 25,141.48 One Week (ASI CHG) +1.04%
Volume 204,878,098 One Month (ASI CHG) +3.89%
Value N3,830,335,679.62 Six Months (ASI CHG) -9.80%
Deals 3,636 52 Weeks (ASI CHG) -7.93%
Gainers 18 Losers 11
Unchanged 68 Total 97
YTD -6.34%

Source: NSEGTI Research

FOREIGN EXCHANGE

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

The Investors and Exporters (I&E) FX window opened at N386.25, traded high at N387.00, and eventually closed at N386.00representing a 0.13% depreciation against the previous day’s closing position. A total of $31.96 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 5.25%, representing a 0.92% appreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 4.33%, representing a 0.83% depreciation against the previous day’s position.

FIXED INCOME
Securities Close P. Close Change
Bond 354.56 321.86 +32.70 bps
T.Bills 161.73 163.44 -1.71 bps
Note: BPS=> Basis Points

Source: FMDQGTI Research

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NASD OTC MARKET

The NASD OTC market today (Wednesday) closed positively as the Unlisted Securities Index (USI) closed at 713.39, representing a 0.34% appreciation against the previous day’s closing position. Similarly, Market Capitalization gained N1.76 billion, to closed at N524.04 billion, representing a 0.34% appreciation against the previous day’s closing position. However, the aggregate volume increased by 65.60% while the aggregated value decreased by 33.54%, as investors traded a total of 88,485 shares, worth N9.30 million in 6 deal.

Sector Performance

Sector % Change
NSE30 0.15
BANKING -0.36
CONSUMER GOODS 0.19
INDUSTRIAL -0.26
INSURANCE 0.64
LOTUS ISLAMIC 0.05
OIL/GAS 5.24

 

Top 7 Gainers

Company Pclose Open Close Change % Change
SEPLAT 350.00 350.00 385.00 35.00 10.00
CADBURY 7.05 7.05 7.75 0.70 9.93
AIRTELAFRI 348.00 348.00 380.00 32.00 9.20
PRESTIGE 0.45 0.45 0.49 0.04 8.89
NEIMETH 1.85 1.85 2.00 0.15 8.11
PRESCO 48.00 48.00 51.50 3.50 7.29
AIICO 0.90 0.90 0.96 0.06 6.67

Top 7 Losers

Company Pclose Open Close Change % Change
CHAMPION 0.86 0.86 0.78 -0.08 -9.30
CHIPLC 0.37 0.37 0.34 -0.03 -8.11
MBENEFIT 0.21 0.21 0.20 -0.01 -4.76
SUNUASSUR 0.21 0.21 0.20 -0.01 -4.76
ACCESS 6.55 6.55 6.40 -0.15 -2.29
WEMABANK 0.53 0.53 0.52 -0.01 -1.89
ETI 4.15 4.15 4.10 -0.05 -1.20

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
GUARANTY                            66,251,779                   1,646,366,932 24.85
ACCESS                            24,004,750                      155,811,558 6.40
ZENITHBANK                            15,209,013                      255,327,595 16.75
FBNH                            13,953,083                        70,622,266 5.05
STERLNBANK                            13,213,013                        15,699,817 1.20
WEMABANK                              9,158,978                          4,685,796 0.52
OKOMUOIL                              5,264,039                      418,585,982 80.00

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                            66,251,779              1,646,366,931.65 24.85
OKOMUOIL                              5,264,039                 418,585,982.10 80.00
AIRTELAFRI                                 845,734                 321,026,894.90 380.00
SEPLAT                                 742,051                 284,519,403.60 385.00
ZENITHBANK                            15,209,013                 255,327,595.30 16.75
ACCESS                            24,004,750                 155,811,558.15 6.40
VALUEFUND                              1,253,000                 144,157,650.00 115.05

 

GTI Research