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

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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%.

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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

CAPN19,760,386,772,978.61One Day (ASI CHG)+0.71%
Index37,907.28One Week (ASI CHG)+0.27%
Volume213,704,495.00One Month (ASI CHG)-0.91%
Value,N3,231,507,812.89Six Months (ASI CHG)-4.06%
Deals3,522.0052 Weeks (ASI CHG)+54.85%
Gainers20Losers16
Unchanged70Total106
YTD Returns-5.87%

Source: Ngxgroup.com, GTI Research 

Sector Performance

SecurityChange Percent
NGX300.85
NGXBNK-0.06
NGXCNSMRGDS4.82
NGXINDUSTR0.00
NGXINS-0.14
NGXLOTUSISLM2.38
NGXOILGAS0.74

Top 7 Gainers

SecurityPrevious CloseOpen PriceClose PriceChange Price% Change
NESTLE140014001540140        10.00
IKEJAHOTEL1.211.211.330.12          9.92
OANDO333.290.29          9.67
LASACO1.371.371.50.13          9.49
LINKASSURE0.770.770.840.07          9.09
BERGER7.77.78.40.7          9.09
WEMABANK0.580.580.630.05          8.62

Top 7 Losers

SecurityPrevious CloseOpen PriceClose PriceChange Price% Change
BOCGAS9.59.58.55-0.95–      10.00
SOVRENINS0.280.280.26-0.02–        7.14
PZ5.655.655.25-0.4–        7.08
REGALINS0.490.490.46-0.03–        6.12
CHAMS0.210.210.2-0.01–        4.76
COURTVILLE0.210.210.2-0.01–        4.76
CHIPLC0.630.630.6-0.03–        4.76

Top 7 Traders By Value

SecurityClose Price Daily Volume  Daily Value 
MTNN164      10,174,366        1,668,497,925.00
ZENITHBANK23.75      11,156,097            265,133,042.20
NESTLE1540            140,899            213,692,790.00
GTCO29.9         6,830,461            203,188,201.65
FLOURMILL29.85         5,664,204            168,095,071.85
ACCESS8.45      13,743,056            116,548,539.10
UBA7.3      13,559,074              98,945,123.20

Top 7 Traders By Volume

SecurityClose Price Daily Volume  Daily Value 
WEMABANK0.63      18,306,336              10,885,825.37
OANDO3.29      15,619,056              47,760,633.90
MBENEFIT0.43      15,101,033                6,314,887.20
ACCESS8.45      13,743,056            116,548,539.10
UBA7.3      13,559,074              98,945,123.20
SOVRENINS0.26      12,456,428                3,287,545.16
HONYFLOUR1.67      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.

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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)

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