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% |
Source: NSE, GTI 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 N411, representing 0.12% depreciation against Tuesday’s position. Also, a total of $40.80 million was transacted through the I&E window today.
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 |
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 |