Airtel Africa, MTN and 19 Others Spur Equity Market to Gain N317.48 Billion

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Equity Market

Transactions on the Nigerian Domestic Market today (Tuesday) closed transactions on a positive note to reverse the previous day’s bearish sentiment, as NGX-ASI advanced by 1.58% and investors recover N317.48 billion.

The upturn was buoyed by investors’ buy-sentiment in some blue-chip stocks like AIRTELAFRI, MTNN, ACCESS, and 18 others. Resultantly, the market breadth closed positively, recording 21 gainers as against 20 losers.

In summary, the All-Share Index (ASI) grew by 609.36 absolute points, representing an increase of 1.58%, to close at 39,176.62 points. Similarly, the overall Market Capitalization value gained 317.48 billion, representing an increase of 1.58% to close at N20.41 trillion.

Equity Market

AIRTELAFRI emerged as the top gainer (by percentage points) for today, with a maximum price appreciation of +10.00%, while JULI emerged as the top loser (by percentage points) with a maximum price depreciation of -9.01%.

Today’s market positive performance was driven by price appreciation in large and medium capitalized stocks which are; AIRTELAFRI (+10.00%), UNITYBNK (+7.14%), VERITASKAP (+4.35%), COURTVILLE (+4.17%), CORNERST (+3.85%), HONYFLOUR (+3.75%), NNFM (+3.70%), SOVRENINS (+3.70%), MTNN (+2.38%), UCAP (+2.04%), ETI (+1.85%), FCMB (+1.61%), TRANSCORP (+1.06%), FIDELITYBK (+0.83%), CUSTODIAN (+0.81%), UBA (+0.66%), VITAFOAM (+0.65%), OANDO (+0.61%), ACCESS (+0.55%),  and  NEM (-0.50%).

MARKET STATISTICS

CAPN20,411,588,308,175.95One Day (ASI CHG)+1.58%
Index39,176.62One Week (ASI CHG)+0.66%
Volume474,528,558One Month (ASI CHG)+3.11%
ValueN3,982,313,082.80Six Months (ASI CHG)-3.73%
Deals4,16152 Weeks (ASI CHG)+56.53%
Gainers21Losers20
Unchanged65Total106
YTD Returns-2.72%

Source: Ngxgroup.com, GTI Research 

Sector Performance

SecurityChange Percent
NGX300.46
NGXBNK-0.02
NGXCNSMRGDS-0.09
NGXINDUSTR-0.06
NGXINS-0.18
NGXLOTUSISLM0.61
NGXOILGAS0.11

Top 7 Gainers

SecurityPrevious CloseOpen PriceClose PriceChange Price% Change
AIRTELAFRI6506507156510.00
UNITYBNK0.560.560.60.047.14
VERITASKAP0.230.230.240.014.35
COURTVILLE0.240.240.250.014.17
CAVERTON1.81.81.870.073.89
CORNERST0.520.520.540.023.85
HONYFLOUR1.61.61.660.063.75

Top 7 Losers

SecurityPrevious CloseOpen PriceClose PriceChange Price% Change
JULI1.111.111.01-0.1-9.01
CHIPLC0.580.580.54-0.04-6.90
JAIZBANK0.620.620.59-0.03-4.84
SUNUASSUR0.470.470.45-0.02-4.26
LIVESTOCK1.961.961.9-0.06-3.06
WEMABANK0.840.840.82-0.02-2.38
REGALINS0.480.480.47-0.01-2.08

Top 7 Traders By Volume

SecurityDaily VolumeDaily ValueClose Price
GTCO         37,281,527    1,044,754,919.5528
ETI         24,121,808       131,021,373.455.5
JAIZBANK         18,646,668         11,552,807.510.59
FBNH         10,301,240         74,999,773.407.3
TRANSCORP         10,018,742            9,492,100.120.95
LIVESTOCK           9,927,196         19,837,921.821.9
FCMB           9,712,996         30,334,537.973.15

Top 7 Traders By Value

SecurityDaily VolumeDaily ValueClose Price
GTCO         37,281,527    1,044,754,919.5528
MTNN           2,845,746       489,331,236.70172.1
ZENITHBANK           6,904,371       166,880,115.0024.1
ETI         24,121,808       131,021,373.455.5
AIRTELAFRI               116,711         83,420,867.50715
WAPCO           3,508,670         76,518,598.9021.8
FBNH         10,301,240         74,999,773.407.3

 

FMDQ

The overnight (O/N) rate closed at 13.75% on Monday (09/08/2021), depreciating by 6.75% against Friday’s position. while Open Buy-Back (OBB) rate closed at 13.00% on Monday (09/08/2021)), depreciating also by 7.00% against Friday’s position.

The I&E FX window traded high and low at N412.90 and N400.00 respectively on (09/08/2021) and eventually closed at N411.50, which remains unchanged against Friday’s position. Also, at the BDC, the naira appreciated by 0.39% to settle at N506.

Nigeria’s foreign reserve declined by $3.92 million to $33.561 billion on (06/08/2021) from $33.565billion on (05/08/2021).

The Brent crude dropped by $1.66 to $69.04 on (09/08/2021) from $70.7 on (06/08/2021), representing a 2.35% fall in price. Bonny Light also depreciated by $2.08 to $67.69 on (09/08/2021) from $69.77 (06/08/2021), representing a 2.98% decrease in price.