Financial and Oil & Gas Sectors Pull Equity Market to 0.02% Marginal Gain

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Equity market Equities market closed south as bears dominated banking stocks
Photo by Mark Finn on Unsplash

Transactions on Customs street closed today (Monday) in a northward direction, opening the new week with a marginal growth of 0.02%. This was driven by price appreciation in Insurance, Banking, and Oil & Gas sectors. 

Furthermore, the market breadth closed positively, recording 27 gainers as against 16 losers. In summary, the All-Share Index (ASI) increased by 8.00 absolute points, representing a gain of 0.02% to close at 38,220.01 points. Similarly, the overall Market Capitalization value gained N4.17 billion, representing an increase of 0.02% to close at N19.92 trillion.

CUTIX emerged as the top gainer (by percentage points) for today, with a maximum price appreciation of +10.00 while REDSTAREX emerged as a  top loser (by percentage points) with a maximum price depreciation of -9.81%.

Equity market Equities market closed south as bears dominated banking stocks
Photo by Mark Finn on Unsplash

Today’s market upturn was driven by price appreciation in large and medium capitalized stocks amongst which are; NCR (+9.69%), REGALINS (+9.52%) WAPIC (+9.30%), MBENEFIT (+5.00%), OANDO (+3.65%), UCAP (+2.24%), LIVESTOCK (+2.15%), STANBIC (+1.86%), PZ (+1.75%), ACCESS (+1.74%), UBA (+1.36%), INTBREW (+0.94%) and ZENITH BANK (+0.42%).

MARKET STATISTICS

CAPN19,923,407,097,306.42One Day (ASI CHG)+0.02%
Index38,220.01One Week (ASI CHG)+1.69%
Volume282,624,981.00One Month (ASI CHG)-1.31%
ValueN1,868,986,179.78Six Months (ASI CHG)-5.39%
Deals4,788.0052 Weeks (ASI CHG)+57.05%
Gainers27Losers16
Unchanged58Total101
YTD Returns-5.09%

Source: Ngxgroup.com, GTI Research 

Sector Performance

SecurityChange Percent
NGX30-0.04
NGXBNK0.63
NGXCNSMRGDS-0.39
NGXINDUSTR-0.06
NGXINS1.47
NGXLOTUSISLM-0.29
NGXOILGAS0.51

Top 7 Gainers

SecurityPrevious CloseOpen PriceClose PriceChange Price% Change
CUTIX3.003.003.300.3010.00
NCR2.272.272.490.229.69
REGALINS0.420.420.460.049.52
UAC-PROP0.860.860.940.089.30
WAPIC0.540.540.590.059.26
UNITYBNK0.570.570.620.058.77
SOVRENINS0.260.260.280.027.69

Top 7 Losers

SecurityPrevious CloseOpen PriceClose PriceChange Price% Change
REDSTAREX3.673.673.31-0.36-9.81
ABCTRANS0.370.370.34-0.03-8.11
NPFMCRFBK1.721.721.60-0.12-6.98
PRESCO74.5074.5070.00-4.50-6.04
CHAMS0.210.210.20-0.01-4.76
HONYFLOUR1.671.671.60-0.07-4.19
DANGSUGAR18.4018.4017.65-0.75-4.08

Top 7 Traders By Value

 Security  Close Price  Daily Volume  Daily Value 
 ZENITHBANK       24.10       13,713,571  330,433,270.00
 FLOURMILL       29.40         9,579,311  279,020,416.25
 BUACEMENT       71.50         1,833,229  122,451,906.85
 ACCESS         8.75       11,623,377  100,565,277.55
 UBA         7.45       13,392,472    99,330,772.50
 FBNH         7.40       11,823,255    88,071,963.80
 GTCO       29.30         2,605,057    76,616,471.25

Top 7 Traders By Volume

 Security  Close Price  Daily Volume  Daily Value 
 FIDELITYBK         2.30       28,094,407    64,532,321.76
 WEMABANK         0.75       19,637,908    14,419,026.82
 UNIVINSURE         0.20       18,025,335      3,605,067.00
 FCMB         3.09       14,823,387    45,859,259.86
 SOVRENINS         0.28       14,409,000      3,894,230.00
 STERLNBANK         1.55       14,368,573    22,451,034.59
 ZENITHBANK       24.10       13,713,571  330,433,270.00

 

The overnight (O/N) rate closed at 12.50%, appreciating by 0.50% against Thursday’s position. while Open Buy-Back (OBB) rate closed at 12.00%, appreciating 0.50% against Thursday’s position.

The Investors and Exporters (I&E) FX window opened at N411.98, traded high at N420.95, traded low at N400.00, and eventually closed at N411.25, representing 0.13% depreciation against Thursday’s closing position. However, at the BDC, the naira remains unchanged at N500.00.

Nigeria’s foreign reserve weakened by $44.23 million to $33.28 billion on (01/07/2021) from $33.32 billion on (30/06/2021), representing a 0.13% decline.

The Brent crude increased by $0.34 to $74.62 on (30/06/2021) from $74.28 (29/06/2021), representing a 0.34% increase in price. While Bonny Light also depreciated by $0.45 to $74.16 on (30/06/2021) from $74.61 on (29/06/2021)