Banking Sector Push Local Market to Green Zone, as Investors Recover N50B

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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 Local market closed the transaction for the first trading day in August on a positive note, thereby extending the positive sentiment to two consecutive trading sessions, as NGX-ASI grew by 0.15%.

Bargain hunters buying interest, particularly in the Banking sector majorly led to the positive performance in today’s trading period, as investors continue to assess the published H1 performance of some of the companies and await the release of more. However, the market breadth closed negatively, recording 26 losers as against 17 gainers.

In summary, the All-Share Index (ASI) grew by 57.64 absolute points, representing an increase of 0.15%, to close at 38,604.72 points. Similarly, the overall Market Capitalization value grew by N50.03 billion, representing an increase of 0.15% to close at N20.13 trillion.

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

JBERGER emerged as the top gainer (by percentage points) for today, with a maximum price appreciation of +8.89%, while ETERNAL emerged as the top loser (by percentage points) with a maximum price depreciation of -10.00%.

Today’s market positive performance was driven by price appreciation in large and medium capitalized stocks amongst which are; REGALINS (+7.14%), LINKASSURE (+6.67%), MBENEFIT (+5.41%), CHIPLC (+5.17%), COURTVILLE (+4.35%), WEMABANK (+2.44%),  FTNCOCOA(+2.08%), MTNN (+1.82%), UNILEVER (+1.43%), NASCON (+1.38%), FBNH (+1.35%), ETI (+0.95%), AFRIPUD (+0.79%), CUTIX (+0.42%), and ZENITHBANK (+0.20%).

MARKET STATISTICS

CAP N20,083,591,338,311.80 One Day (ASI CHG) +0.15%
Index 38,604.72 One Week (ASI CHG) +0.63%
Volume 244,287,974 One Month (ASI CHG) +1.03%
Value N1,908,066,817.92 Six Months (ASI CHG) -8.18%
Deals 4,609 52 Weeks (ASI CHG) +56.33%
Gainers 17 Losers 26
Unchanged 64 Total 107
YTD Returns -4.14%

Source: Ngxgroup.comGTI Research 

Sector Performance

Security Change Percent
ASI 0.15
NGX30 0.09
NGXBNK 0.02
NGXCNSMRGDS -0.43
NGXINDUSTR -0.3
NGXINS -0.25
NGXOILGAS -0.63

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
JBERGER 22.50 22.50 24.50 2.00 8.89
NPFMCRFBK 1.75 1.75 1.89 0.14 8.00
REGALINS 0.42 0.42 0.45 0.03 7.14
LINKASSURE 0.60 0.60 0.64 0.04 6.67
MBENEFIT 0.37 0.37 0.39 0.02 5.41
CHIPLC 0.58 0.58 0.61 0.03 5.17
COURTVILLE 0.23 0.23 0.24 0.01 4.35
Read Also:  Weekly Market Review: Investors Respond to 3rd Quarter Earnings...ASI up by 6.39% WoW

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
ETERNA 7.10 7.10 6.39 -0.71 -10.00
NEIMETH 1.75 1.75 1.58 -0.17 -9.71
TRIPPLEG 0.99 0.99 0.90 -0.09 -9.09
DANGSUGAR 18.50 18.50 17.50 -1.00 -5.41
WAPCO 22.90 22.90 21.75 -1.15 -5.02
LIVESTOCK 2.15 2.15 2.05 -0.10 -4.65
TRANSCORP 1.02 1.02 0.98 -0.04 -3.92

Top 7 Traders By Volume

Security  Daily Volume   Daily Value  Close Price
TRANSCORP      40,262,855.00         40,005,489.65 0.98
CILEASING      26,096,690.00      122,613,833.20 4.7
FCMB      17,714,539.00         55,723,796.11 3
OANDO      11,760,589.00         57,234,630.98 4.8
SOVRENINS        8,215,357.00           2,188,199.96 0.28
GTCO        8,008,397.00      229,518,820.70 28.5
ZENITHBANK        7,837,871.00      192,819,347.55 24.6

Top 7 Traders By Value

Security  Daily Volume   Daily Value  Close Price
GTCO        8,008,397.00      229,518,820.70 28.5
PRESCO        3,240,817.00      227,240,391.50 70
ZENITHBANK        7,837,871.00      192,819,347.55 24.6
MTNN            916,383.00      153,566,835.60 168
CILEASING      26,096,690.00      122,613,833.20 4.7
NESTLE              76,528.00      106,978,977.60 1540
OANDO      11,760,589.00         57,234,630.98 4.8

 

FMDQ

The overnight (O/N) rate closed at 7.75% on Friday (30/07/2021)depreciating by 3.25% against Thursday’s position. while Open Buy-Back (OBB) rate closed at 7.50% on Friday (30/07/2021), depreciating also by 4.75% against Thursday’s position.

The I&E FX window traded high and low at N412.25 and N400.00 respectively on (30/07/2021) and eventually closed at N411.44, representing an appreciation of 0.06% against Thursday’s closing position. Also, at the BDC, the naira appreciated by 1.90% to closed at N515.

Nigeria’s foreign reserve strengthened by $25.63 million to $33.38 billion on (29/07/2021) from $33.36billion on (28/07/2021).

The Brent crude increased by $0.31 to $75.41 on (30/07/2021) from $75.10 (29/07/2021), representing a 1.67% rise in price. Bonny Light appreciated by $0.20 to $74.32 on (30/07/2021) from $74.12 (29/07/2021), representing a 0.27% increase in price.