Nestle, MTN Nigeria Pushes NSE-ASI Up by 0.02%

Must Read

FG, States, LGAs share N528.39bn FAAC allocation in Jan 2021

The Federation Account Allocation Committee (FAAC) disbursed the sum of N619.34bn to the three tiers of government in December...

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...
- Advertisement -

Activities on the Nigerian Bourse Market today (Wednesday) closed on a positive note to halt the four consecutive days of bearish run, as market performance indices (NSE-ASI and Market Cap) grew marginally by 0.02%.

The performance was driven by investors renewed posItive sentiments in blue-chip stocks like NESTLE, MTNN, STANBIC, FLOUR MILLS and 9 others. However, the market breadth closed negatively, recording 26 losers against 13 gainers.

In summary, the All-Share Index (ASI) grew by 7.12 absolute points, representing an increase of 0.02% to close at 38,774.03 points. While the overall Market Capitalization value gained N3.87billion, representing a growth of 0.02% to close at N20.29 trillion.

STERLING BANK emerged as the top loser (by percentage points) for today, with a price depreciation of -9.47%, while JAIZBANK emerged as the top gainer (by percentage points) with a maximum price appreciation of +10.00%.

Today’s market gain was driven by price appreciation in large and medium capitalized stocks amongst which are; INITSPLC (+9.52%), ROYALEX (+8.33%), JAPAULGOLD (+8.16%), CHIPLC (+6.90%), FLOURMILLS (+6.90%), LINKASSURE (6.33%), NESTLE (+3.27%), STANBIC (+3.14%), AFRIPRUD (+2.86%),   WEMABANK (+1.69%), and MTNN  (+1.12).

MARKET STATISTICS 

CAP N20,286,783,974,042.80 One Day (ASI CHG) +0.02%
Index 38,774.03 One Week (ASI CHG) -0.69%
Volume 356,461,102 One Month (ASI CHG) -1.42%
Value N4,193,302,105.65 Six Months (ASI CHG) +35.41%
Deals 6,130 52 Weeks (ASI CHG) +85.30%
Gainers 13 Losers 26
Unchanged 73 Total 112
YTD Returns -3.72%
- Advertisement -

Source: NSEGTI Research 

FOREIGN EXCHANGE

The Naira at the official rate remains unchanged to close at N379.00/$1 as against last Thursday’s position.

The Investors and Exporters (I&E) FX window opened at N409.74 traded high at N419.30 and eventually closed at N411representing 0.12% depreciation against Tuesday’s position. Also, a total of $40.80 million was transacted through the I&E window today.

Read Also:  Practical reasons why the advertising of Fast Moving Consumer Goods (FMCG) should continue even in a recession

MONEY MARKET

Overnight(O/N) rate closed at 13.50%, representing a 0.25% depreciation against last Thursday’s position, while Open Buy-Back (OBB) rate closed at 12.67%,  representing a 0.83% depreciation as against yesterday’s position.

Sector Performance

Security % Change
NSE30 -0.03
NSEBNK -3.12
NSECNSMRGDS 1.88
NSEINDUSTR -0.14
NSEINS -1.71
NSELOTUSISLM 0.97
NSEOILGAS -0.28

Top 7 Gainers

Company Previous Closing Price Open Price Close Change % Change
JAIZBANK 0.6 0.6 0.66 0.06 10.00
INITSPLC 0.42 0.42 0.46 0.04 9.52
ROYALEX [MRF] 0.36 0.36 0.39 0.03 8.33
JAPAULGOLD [MRF] 0.49 0.53 0.53 0.04 8.16
CHIPLC 0.29 0.29 0.31 0.02 6.90
FLOURMILL 29 29 31 2 6.90
LINKASSURE 0.79 0.79 0.84 0.05 6.33

Top 7 Losers

Company Previous Closing Price Open Price Close Change % Change
STERLNBANK 1.69 1.69 1.53 -0.16 –        9.47
PHARMDEKO 1.48 1.48 1.34 -0.14 –        9.46
PRESTIGE [BLS] 0.46 0.46 0.42 -0.04 –        8.70
ARDOVA 15.2 15.2 14.15 -1.05 –        6.91
TRANSCORP 0.82 0.82 0.77 -0.05 –        6.10
LIVESTOCK 1.87 1.87 1.76 -0.11 –        5.88
WAPIC [MRF] 0.53 0.53 0.5 -0.03 –        5.66
Read Also:  GTBank-Ogun State Principals Cup (Season 5) Semi Finals June 2017

Top 7 Traders By Volume

Company Close Volume Value
ZENITHBANK 21 49,657,891 1,043,674,363.55
ACCESS 7.9 38,246,433 307,454,629.25
TRANSCORP 0.77 31,698,192 24,771,086.48
GUARANTY 28.2 28,894,286 810,287,578.40
MBENEFIT [MRF] 0.42 25,448,694 10,020,644.99
FIDELITYBK 2.5 20,979,086 52,953,215.25
JAPAULGOLD [MRF] 0.53 19,359,518 10,194,134.44

Top 7 Traders By Value

Company Close Volume Value
ZENITHBANK 21 49,657,891 1,043,674,363.55
GUARANTY 28.2 28,894,286 810,287,578.40
NESTLE 1420 366,372 520,912,650.50
MTNN 162 2,353,979 381,241,413.80
ACCESS 7.9 38,246,433 307,454,629.25
UACN 9.75 12,855,939 125,991,988.65
UBA 6.95 12,988,610 90,126,357.90
- Advertisement -
Nestle, MTN Nigeria Pushes NSE-ASI Up by 0.02% - Brand SpurNestle, MTN Nigeria Pushes NSE-ASI Up by 0.02% - 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.

Nestle, MTN Nigeria Pushes NSE-ASI Up by 0.02% - Brand SpurNestle, MTN Nigeria Pushes NSE-ASI Up by 0.02% - Brand Spur

Latest News

Proposed New Measures By The African Telecommunications Union And Ericsson Set To Expand Africa’s ICT Space

African Countries and telecommunications stakeholders have today launched the first set of ATU spectrum recommendations that focus on transforming...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Nestle, MTN Nigeria Pushes NSE-ASI Up by 0.02% - Brand SpurNestle, MTN Nigeria Pushes NSE-ASI Up by 0.02% - Brand Spur