Nigerian equity market sustains positive momentum, gains 0.03%

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The Nigerian equity market today (Monday) began the trading week on a positive note as the All-Share-Index appreciated by 0.03% to sustain the previous positive momentum to five consecutive trading days in a row. The uptrend was supported by value appreciation on some bellwether stocks like ZENITHBANK, GUARANTY, GUINNESS and 13 others.

Consequently, the market breadth closed at par, recording 16 gainers as against 16 losers.

In summary, the All-Share Index (ASI) increased by 7.25 absolute points, representing a growth of 0.03% to close at 25,229.12 points. While the overall Market Capitalization size gained N3.78 billion, representing an increase of 0.03% to close at N13.16 trillion.

The market upturn was paired with strong trading activity, as total volumes and values traded on the local bourse gained by 58.36% and 34.56% respectively, to a total of 251.19 million shares valued at N2.36 billion, in 3,737 deals.

UPL emerged as the top gainer while GREENWETF 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; JAPAULOIL (+5.00%), INTBREW (+4.17%), GUINNESS (+0.40%), GUARANTY (+0.40%) and ZENITHBANK (+0.30%).

MARKET STATISTICS

CAP N13,161,793,393,414.14 One Day (ASI CHG) +0.03%
Index 25,229.12 One Week (ASI CHG) +0.38%
Volume 251,188,123 One Month (ASI CHG) +3.28%
Value N2,360,422,200.49 Six Months (ASI CHG) -6.70%
Deals 3,737 52 Weeks (ASI CHG) -8.69%
Gainers 16 Losers 16
Unchanged 71 Total 103
YTD -6.01%
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Source: NSEGTI Research

FOREIGN EXCHANGE

The Naira at the official window today (Monday) closed at 381.00/$1, unchanged against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N386.38, traded high at N386.00, and eventually closed at N386.00, unchanged against the previous day’s closing position. A total of $59.34 million was transacted through the I&E window today.

MONEY MARKET

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Overnight(O/N) rate today (Monday) closed at 3.00%, representing a 0.38% appreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 2.00%, unchanged against the previous day’s position.

FIXED INCOME
Securities Close P. Close Change
Bond 353.50 355.93 -2.43 bps
T.Bills 127.05 131.28 -4.23 bps
Note: BPS=> Basis Points

Source: FMDQGTI Research

NASD OTC MARKET

The NASD OTC market today (Monday) closed on a positive note as the Unlisted Securities Index (USI) closed at 711.15, representing a 0.28% appreciation against the previous day’s closing position. Similarly, Market Capitalization close at N522.39 billion, representing a 0.28% appreciation against the previous day’s closing position. Consequently, the aggregate volume and value decreased by 450.44% and 30.13% respectively, as investors traded a total of 8,632 shares, worth N803.598.68 in 5 deal.

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