Equities Sustain Rising Profile As NSE ASI Appreciates Further By 0.36%

Must Read

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...

Here is a list of all Microfinance Banks’ USSD Codes in Nigeria.

A Microfinance bank is a type of bank that offers small loans, or microloans, to individuals, entrepreneurs and small...
- Advertisement -

Equities market closed the day’s trading session in the green zone as the NSE All-Share Index and Market Capitalisation appreciated by 0.36% to close at 40,295.95 and ₦21.07 trillion respectively.

The Year-to-Date (YtD) and the Quarter-to-Date (QtD) returns stand at 0.06% and 0.06%, while the Month-to-Date (MTD) and Week-to-Date returns stand at 0.06%and 0.44% respectively.

NSE Sector Indices:

Of all the Industries on the NSE within our coverage, 3 sectors advanced in points, while 2 sectors declined. The NSE sector indices that advanced in points were NSE INSURANCE (+3.61%), NSE CONSUMER GOODS (+0.36%), and NSE 30 (+0.29%), while the sectors that declined in points were NSE OIL &GAS (-0.05%) and NSE BANKING (-0.62%).

The market breadth (gainers/losers) of 1.35x for the day indicates that the number of buyers outpaced the number of sellers in the market today. At the end of the day’s trading, 27 stocks advanced as 20 stocks declined; MBENEFIT (+10.00%), NASCON (+10.00%) and NIGERINS (+10.00%) led the gainers’ chart while OANDO (-5.41%), UAC-PROP (-4.76%) and DEAPCAP (-4.76%) led the losers’ chart for the day.

The day’s trading activities by volume was led by UPDCREIT (755.01million), MANSARD (49.51million) and TRANS CORP (44.27million) while the activity by value was led by UPDCREIT (₦4.15billion), MTNN (₦0.68billion) and ZENITH BANK (₦0.43billion).

Outlook:

- Advertisement -

Equities sustained rising profile as NSE ASI appreciated further by 0.36%.

Optimisms persist that the bulls will recover the market in the coming days. We, therefore, advise our clients not to engage in panic selling as we expect the equity market to maintain positive growth due to the expectation of dividend payment in early 2021 and lower yields in fixed income market.

Read Also:  Stanbic IBTC offers enhanced school fees payment solutions.

FIXED INCOME REPORT AS AT JANUARY 11, 2020

Treasury Bills Market:

In the treasury bills markets, the average yield increased by 9bps as it closed at 0.52% today (vs. 0.43% average market yield of last trading session). At the end of the trading
session today, the 01-Apr-21, 01-Jul-21 and 25-Nov-21 bills closed at 0.17% (-0.06%), 0.46% (0.08%), and 0.93% (0.25%) respectively.

FGN Bond Market:

In the bond market, the average market yield increased by an average of 128bps as it closed at 5.11% as against 4.95% of the previous session.

- Advertisement -

The result for the 14-Nov-2021, 27-Apr-2023, 23-Mar-2025, 17-Mar-2027, 20-Nov-2029, 18-Mar-2036 and 26-Apr-2049 bonds traded are 1.53% (0.15%), 3.50% (-0.04%), 5.42% (-0.02%), 6.42% (-0.08%), 7.12% (0.00%), 7.80% (0.00%) and 8.65% (1.27%) respectively.

Foreign Exchange Market:

At the FX Market (CBN Official Window), Naira remains unchanged, closing at ₦379.00/$ today compared to the ₦379.00/$ it traded in the previous trading session. On Investors
and Exporters Window, Naira appreciated by 17 kobo against the dollar as it closed at ₦393.33/$ today (vs. ₦393.50/$ it closed in the previous trading session).

Read Also:  Daily Insight: How Nigerian Equities Perform During World Cup Tournaments

Money Market:

In the Money Market today, the REPO rate decreased by an average of 325bps to ease liquidity. At the end of the trading session, the call, 1M, 2M, 3M rate closed at 1.00% (-5.00%), 1.00% (-3.00%), 3.00% (-3.00%) and 6.00% (-2.00%) respectively.

However, Open-Buy-Back (OBB) and Overnight (O/N) rate decreased by an average of 579 bps, closing at 2.50% and 3.25% respectively.

- Advertisement -
Equities Sustain Rising Profile As NSE ASI Appreciates Further By 0.36% - Brand SpurEquities Sustain Rising Profile As NSE ASI Appreciates Further By 0.36% - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Equities Sustain Rising Profile As NSE ASI Appreciates Further By 0.36% - Brand SpurEquities Sustain Rising Profile As NSE ASI Appreciates Further By 0.36% - Brand Spur

Latest News

Disney+ wins the battle for new US video streaming subscribers

While “Wonder Woman 1984” gave HBO Max a strong finish, Disney+ carried 2020 for new SVoD subscribers. The release of...

How do you put a price on a new car?

It was already a complicated equation, but changes to purchase methods and financial strains have presented a challenge to the automotive industry. It’s no secret...

Consumers are making changes in 2021. Are you prepared?

A recent poll of our LifePoints panellists shows that 76% of people are making changes in their personal lives through New Year intentions. A New...

DHL Express is a Global Top Employer 2021

The company runs various HR initiatives to continuously improve the working conditions of its teams. Recognized in 48 countries the world's leading express provider...

CNN’s Inside Africa meets Nigeria’s Techpreneurs

On this week’s Inside Africa, CNN International showcases Nigeria’s entrepreneurial spirit, meeting four start-up stars who are improving the world from Africa’s largest tech...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Equities Sustain Rising Profile As NSE ASI Appreciates Further By 0.36% - Brand SpurEquities Sustain Rising Profile As NSE ASI Appreciates Further By 0.36% - Brand Spur