Transactions on the Nigerian Equity market closed for today (Tuesday) on a positive trajectory as the market recovers by N29 billion. The positive performance was buoyed by investors’ buying interest on recently depreciated medium and large-scale stocks.
Consequently, the market indicators (NGX-ASI) increased by 0.15%. Furthermore, the market breadth closed positively, recording 28 gainers as against 13 losers.
In summary, the All-Share Index (ASI) grew by 55.50 absolute points, representing an increase of 0.15% to close at 37,640.75 points. Similarly, the overall Market Capitalization value gained N28.93 billion, representing a surge of 0.15% to close at N19.62 trillion.
IKEJA HOTEL and LINKASSURE emerged as the joint-top gainer (by percentage points) for today, with a maximum price appreciation of +10.00 while BOCGAS emerged as a top loser (by percentage points) with a maximum price depreciation of -5.17%.
Today’s market upturn was driven by price appreciation in large and medium capitalized stocks amongst which are; CADBURY (+9.62%), HONYFLOUR (+9.46%) FCMB (+8.06%), ROYALEX (+5.17%) OKOMUOIL (+4.27%), JAPAULGOLD(+4.17%), DANGSUGAR (+4.17%), UBN (+3.74%), TRANSCORP(+3.45%), OANDO (+3.09%), STERLNBANK (+2.55%), VITAFOAM (+2.05%), FBNH (+1.39%), AIICO (+0.96%), STANBIC (+0.50%), ZENITHBANK (+0.42%), and NB (+0.25%).
MARKET STATISTICS
| CAP | N19,621,450,269,200.34 | One Day (ASI CHG) | +0.15% |
| Index | 37,640.75 | One Week (ASI CHG) | -0.55% |
| Volume | 229,009,903 | One Month (ASI CHG) | -1.61% |
| Value | N2,730,080,185.54 | Six Months (ASI CHG) | -3.76% |
| Deals | 3,678 | 52 Weeks (ASI CHG) | +51.42% |
| Gainers | 28 | Losers | 13 |
| Unchanged | 58 | Total | 99 |
| YTD Returns | -6.53% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| NGX30 | 0.23 |
| NGXBNK | 0.25 |
| NGXCNSMRGDS | 0.29 |
| NGXINDUSTR | 0.00 |
| NGXINS | 2.22 |
| NGXLOTUSISLM | 0.29 |
| NGXOILGAS | -0.86 |
Top 7 Gainers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| LINKASSURE | 0.70 | 0.70 | 0.77 | 0.07 | 10.00 |
| IKEJAHOTEL | 1.10 | 1.10 | 1.21 | 0.11 | 10.00 |
| CADBURY | 7.80 | 7.80 | 8.55 | 0.75 | 9.62 |
| HONYFLOUR | 1.48 | 1.48 | 1.62 | 0.14 | 9.46 |
| CHIPLC | 0.58 | 0.58 | 0.63 | 0.05 | 8.62 |
| FCMB | 3.10 | 3.10 | 3.35 | 0.25 | 8.06 |
| MBENEFIT | 0.40 | 0.40 | 0.43 | 0.03 | 7.50 |
Top 7 Losers
| Security | Previous Close | Open Price | Close Price | Change Price | % change |
| JAIZBANK | 0.58 | 0.58 | 0.55 | -0.03 | -5.17 |
| VERITASKAP | 0.25 | 0.25 | 0.24 | -0.01 | -4.00 |
| UNITYBNK | 0.55 | 0.55 | 0.53 | -0.02 | -3.64 |
| PZ | 5.85 | 5.85 | 5.65 | -0.20 | -3.42 |
| FLOURMILL | 29.80 | 29.80 | 29.05 | -0.75 | -2.52 |
| UNILEVER | 13.20 | 13.20 | 12.95 | -0.25 | -1.89 |
| SEPLAT | 700.00 | 700.00 | 690.00 | -10.00 | -1.43 |
Top 7 Traders By Value
| Security | Daily Volume | Daily Value | Close Price |
| GTCO | 13,428,396.00 | 401,146,241.25 | 30.00 |
| SEPLAT | 536,083.00 | 369,891,240.90 | 690.00 |
| NB | 5,513,780.00 | 330,404,147.60 | 60.00 |
| ZENITHBANK | 11,149,083.00 | 265,319,910.40 | 23.75 |
| TOTAL | 1,533,224.00 | 214,708,269.40 | 145.00 |
| DANGCEM | 694,662.00 | 153,382,277.80 | 221.00 |
| FCMB | 40,703,647.00 | 133,656,921.41 | 3.35 |
Top 7 Traders By Volume
| Security | Daily Volume | Daily Value | Close Price |
| FCMB | 40,703,647.00 | 133,656,921.41 | 3.35 |
| CUSTODIAN | 15,814,050.00 | 95,689,887.65 | 6.05 |
| GTCO | 13,428,396.00 | 401,146,241.25 | 30.00 |
| ZENITHBANK | 11,149,083.00 | 265,319,910.40 | 23.75 |
| JAIZBANK | 10,688,396.00 | 5,927,253.36 | 0.55 |
| MANSARD | 10,452,069.00 | 9,390,797.12 | 0.90 |
| ACCESS | 9,407,099.00 | 79,896,384.50 | 8.50 |
The overnight (O/N) rate closed at 17.25%, representing 2.00% depreciation against Monday’s position. while Open Buy-Back (OBB) rate closed at 16.75%, representing 1.75% depreciation against Monday’s position.
The Investors and Exporters (I&E) FX window opened at N411.01, traded high
at N420.90, traded low at N400.00, and eventually closed at N410.83, representing 0.11% appreciation against Monday’s closing position. However, at the BDC, the naira remains unchanged at N500.00.
Nigeria’s foreign reserve weakened by $103.02 million to $33.42 billion on (28/06/2021) from $33.52 billion on (25/06/2021), representing a 0.31% decline.
The Brent crude increased by $0.31 to $74.81 on (24/06/2021) from $74.50 (23/06/2021), representing a 0.42% increase in price. While Bonny Light declined by $0.34 to $74.74 on (24/06/2021) from $75.08 on (23/06/2021)