NESTLE, MTN Led Local Bourse to Close ‘H1 on a Positive Note, Gain N138.94B

0
LOCAL BOURSE MTN & 19 others led equity market to sustain growth, gains N35.99bn Brandspurng Zenith Bank
Photo by Alec Favale on Unsplash

The Nigerian Bourse closed trading activities for today (Wednesday) in a northward direction, as the market extends the previous day’s gain by N138.94billion. The bullish performance was buoyed by investors’ bargain hunting on recently depreciated medium and large-scale stocks like NESTLE, MTNN and 18 others

Consequently, the market indicators (NGX-ASI) increased by 0.71%. Furthermore, the market breadth closed positively, recording 20 gainers as against 16 losers.

In summary, the All-Share Index (ASI) grew by 266.53 absolute points, representing an increase of 0.71% to close at 37,907.28 points. Similarly, the overall Market Capitalization value gained N138.94 billion, representing a surge of 0.71% to close at N19.76 trillion.

LOCAL BOURSE MTN & 19 others led equity market to sustain growth, gains N35.99bn Brandspurng Zenith Bank
Photo by Alec Favale on Unsplash

NESTLE emerged as the 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 -10.00%.

Today’s market upturn was driven by price appreciation in large and medium capitalized stocks amongst which are; NESTLE (+10.00%), IKEJA HOTEL (+9.92%) OANDO (+9.67%), LINK ASSURE (+9.09%), BERGER (+9.09%), WEMA BANK (+8.62%), CHAMPION (+5.00%), JAIZ BANK (+3.64%), UAC-PROF (+3.61%), HONYFLOUR (+3.09%), VITAFOAM (+3.01%), FLOUR MILLS (+2.75%), UNILEVER (+2.32%), FBNH (0.68%), MTNN (0.61%) and UCAP (0.32%).

MARKET STATISTICS

CAP N19,760,386,772,978.61 One Day (ASI CHG) +0.71%
Index 37,907.28 One Week (ASI CHG) +0.27%
Volume 213,704,495.00 One Month (ASI CHG) -0.91%
Value ,N3,231,507,812.89 Six Months (ASI CHG) -4.06%
Deals 3,522.00 52 Weeks (ASI CHG) +54.85%
Gainers 20 Losers 16
Unchanged 70 Total 106
YTD Returns -5.87%

Source: Ngxgroup.comGTI Research 

Sector Performance

Security Change Percent
NGX30 0.85
NGXBNK -0.06
NGXCNSMRGDS 4.82
NGXINDUSTR 0.00
NGXINS -0.14
NGXLOTUSISLM 2.38
NGXOILGAS 0.74

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
NESTLE 1400 1400 1540 140         10.00
IKEJAHOTEL 1.21 1.21 1.33 0.12           9.92
OANDO 3 3 3.29 0.29           9.67
LASACO 1.37 1.37 1.5 0.13           9.49
LINKASSURE 0.77 0.77 0.84 0.07           9.09
BERGER 7.7 7.7 8.4 0.7           9.09
WEMABANK 0.58 0.58 0.63 0.05           8.62
Read Also:  Nestlé Introduces new product for lactating mothers to aid breastfeeding

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
BOCGAS 9.5 9.5 8.55 -0.95 –      10.00
SOVRENINS 0.28 0.28 0.26 -0.02 –        7.14
PZ 5.65 5.65 5.25 -0.4 –        7.08
REGALINS 0.49 0.49 0.46 -0.03 –        6.12
CHAMS 0.21 0.21 0.2 -0.01 –        4.76
COURTVILLE 0.21 0.21 0.2 -0.01 –        4.76
CHIPLC 0.63 0.63 0.6 -0.03 –        4.76

Top 7 Traders By Value

Security Close Price  Daily Volume   Daily Value 
MTNN 164       10,174,366         1,668,497,925.00
ZENITHBANK 23.75       11,156,097             265,133,042.20
NESTLE 1540             140,899             213,692,790.00
GTCO 29.9          6,830,461             203,188,201.65
FLOURMILL 29.85          5,664,204             168,095,071.85
ACCESS 8.45       13,743,056             116,548,539.10
UBA 7.3       13,559,074               98,945,123.20

Top 7 Traders By Volume

Security Close Price  Daily Volume   Daily Value 
WEMABANK 0.63       18,306,336               10,885,825.37
OANDO 3.29       15,619,056               47,760,633.90
MBENEFIT 0.43       15,101,033                 6,314,887.20
ACCESS 8.45       13,743,056             116,548,539.10
UBA 7.3       13,559,074               98,945,123.20
SOVRENINS 0.26       12,456,428                 3,287,545.16
HONYFLOUR 1.67       12,150,515               20,348,332.52

 

The overnight (O/N) rate closed at 12.00%, representing 5.25% depreciation against Tuesday’s position. while Open Buy-Back (OBB) rate closed at 11.50%, representing 5.25% depreciation against Tuesday’s position.

The Investors and Exporters (I&E) FX window opened at N411.21, traded high at N420.90, traded low at N387.67, and eventually closed at N411.50, representing 0.16% depreciation against Tuesday’s closing position. However, at the BDC, the naira remains unchanged at N500.00.

Nigeria’s foreign reserve weakened by $46.27 million to $33.37 billion on (29/06/2021) from $33.42 billion on (28/06/2021), representing a 0.14% decline.

The Brent crude increased by $0.14 to $74.28 on (29/06/2021) from $74.14 (28/06/2021), representing a 0.19% increase in price. While Bonny Light also grew by $0.37 to $74.61 on (29/06/2021) from $74.24 on (28/06/2021)