Equity Market Ends the Month on a Positive Note as Market Cap Hits N20Tn

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Local Bourse Kick-Start December on a Positive Note, Gain 0.30% to Sustain Uptrend
Afolabi Sotunde Illustration Naira

The Nigerian domestic bourse closed trading activities today (Monday) on a positive note. The bullish sentiment was buoyed by investors’ renewed confidence for recently depreciated bellwether stocks like MTNN, BUACEMENT, GUARANTY, and 14 others.

Consequently, the market indicators (NGX-ASI and market capitalization) expanded by 0.47%. However, the market breadth closed negatively recording 23 losers against 17 gainers.

In summary, the All-Share Index (ASI) appreciated by 180.93 absolute points, representing a growth of 0.47% to close at 38,437.88 points. Similarly, the overall Market Capitalization value gained N94.31 billion, representing an increase of 0.47% to close at N20.03trillion.

MRS emerged as the top gainer (by percentage points) for today, with a maximum price appreciation of +9.57%, while ROYALEX emerged as the top loser (by percentage points) with a maximum price depreciation of -9.88%.

Today’s market upturn was driven by price appreciation in large and medium capitalized stocks amongst which are; VITAFOAM (+8.91%), PZ (+3.77%), AIICO (+3.45%), CUSTODIAN (+3.42%), BUACEMENT (+2.78%), JBERGER (+2.70%), UAC-PROP (+2.56%), MAYBAKER (+2.30%), GUARANTY (+1.43%), MANSARD (+1.12%), MTNN (+0.99%), ETERNA (+0.53%), and NAHCO (+0.45%).

MARKET STATISTICS

CAP N 20,034,734,733,321.85 One Day (ASI CHG) +0.47%
Index 38,437.88 One Week (ASI CHG) +0.25%
Volume 201,857,280.00 One Month (ASI CHG) -0.89%
Value N 2,119,759,747.82 Six Months (ASI CHG) +9.69%
Deals 3,827.00 52 Weeks (ASI CHG) +52.12%
Gainers 17 Losers 23
Unchanged 59 Total 99
YTD Returns -4.55%

Source: Ngxgroup.comGTI Research 

FOREIGN EXCHANGE

The Investors and Exporters (I&E) FX window opened at N411.01 and eventually closed at N412.00,  representing a 0.24% depreciation against Friday’s closing position.

MONEY MARKET

The overnight (O/N) rate closed at 19.17%, representing a 5.67% appreciation as against Friday’s position. while Open Buy-Back (OBB) rate closed at 18.67%, representing a 5.67% appreciation as against Thursday’s position.

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Sector Performance

Security Change Percent
NSE30 0.61
NSEBNK 0.32
NSECNSMRGDS -0.21
NSEINDUSTR 1.13
NSEINS -0.51
NSELOTUSISLM 0.72
NSEOILGAS 0.01

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % change
MRS 11.5 11.5 12.6 1.1           9.57
VITAFOAM 10.1 10.1 11 0.9           8.91
CHAMS 0.2 0.2 0.21 0.01           5.00
PZ 5.3 5.3 5.5 0.2           3.77
AIICO 1.16 1.16 1.2 0.04           3.45
CUSTODIAN 5.85 5.85 6.05 0.2           3.42
BUACEMENT 72 72 74 2           2.78

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % change
ROYALEX 0.81 0.81 0.73 -0.08 –        9.88
CHIPLC 0.73 0.73 0.66 -0.07 –        9.59
NEIMETH 1.88 1.88 1.72 -0.16 –        8.51
MBENEFIT 0.48 0.48 0.44 -0.04 –        8.33
REGALINS 0.49 0.49 0.45 -0.04 –        8.16
SOVRENINS 0.29 0.29 0.27 -0.02 –        6.90
NPFMCRFBK 1.79 1.79 1.67 -0.12 –        6.70

Top 7 Traders By Volume

Security Close Price  Daily Volume   Daily Value 
VERITASKAP 0.2             29,780,000                   5,956,000.00
FIDELITYBK 2.26             24,471,417                 54,169,303.76
ZENITHBANK 23             20,927,180              481,177,730.80
ACCESS 8.2             15,400,935              126,369,247.00
FBNH 7.15             10,131,990                 72,341,775.25
SOVRENINS 0.27               9,849,034                   2,662,953.12
MBENEFIT 0.44               7,281,769                   3,275,011.76

Top 7 Traders By Value

Security Close Price  Daily Volume   Daily Value 
ZENITHBANK 23             20,927,180              481,177,730.80
SEPLAT 688                   436,771              298,524,717.60
NESTLE 1400                   143,445              200,773,041.60
DANGCEM 212.5                   678,746              144,654,240.90
FLOURMILL 28               4,627,795              128,156,442.30
ACCESS 8.2             15,400,935              126,369,247.00
GUARANTY 28.4               3,825,432              108,317,558.90