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

0
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

CAP N20,411,588,308,175.95 One Day (ASI CHG) +1.58%
Index 39,176.62 One Week (ASI CHG) +0.66%
Volume 474,528,558 One Month (ASI CHG) +3.11%
Value N3,982,313,082.80 Six Months (ASI CHG) -3.73%
Deals 4,161 52 Weeks (ASI CHG) +56.53%
Gainers 21 Losers 20
Unchanged 65 Total 106
YTD Returns -2.72%

Source: Ngxgroup.comGTI Research 

Sector Performance

Security Change Percent
NGX30 0.46
NGXBNK -0.02
NGXCNSMRGDS -0.09
NGXINDUSTR -0.06
NGXINS -0.18
NGXLOTUSISLM 0.61
NGXOILGAS 0.11

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
AIRTELAFRI 650 650 715 65 10.00
UNITYBNK 0.56 0.56 0.6 0.04 7.14
VERITASKAP 0.23 0.23 0.24 0.01 4.35
COURTVILLE 0.24 0.24 0.25 0.01 4.17
CAVERTON 1.8 1.8 1.87 0.07 3.89
CORNERST 0.52 0.52 0.54 0.02 3.85
HONYFLOUR 1.6 1.6 1.66 0.06 3.75
Read Also:  Equity market sustains uptrend with 0.48% gain.

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
JULI 1.11 1.11 1.01 -0.1 -9.01
CHIPLC 0.58 0.58 0.54 -0.04 -6.90
JAIZBANK 0.62 0.62 0.59 -0.03 -4.84
SUNUASSUR 0.47 0.47 0.45 -0.02 -4.26
LIVESTOCK 1.96 1.96 1.9 -0.06 -3.06
WEMABANK 0.84 0.84 0.82 -0.02 -2.38
REGALINS 0.48 0.48 0.47 -0.01 -2.08

Top 7 Traders By Volume

Security Daily Volume Daily Value Close Price
GTCO          37,281,527     1,044,754,919.55 28
ETI          24,121,808        131,021,373.45 5.5
JAIZBANK          18,646,668          11,552,807.51 0.59
FBNH          10,301,240          74,999,773.40 7.3
TRANSCORP          10,018,742             9,492,100.12 0.95
LIVESTOCK            9,927,196          19,837,921.82 1.9
FCMB            9,712,996          30,334,537.97 3.15

Top 7 Traders By Value

Security Daily Volume Daily Value Close Price
GTCO          37,281,527     1,044,754,919.55 28
MTNN            2,845,746        489,331,236.70 172.1
ZENITHBANK            6,904,371        166,880,115.00 24.1
ETI          24,121,808        131,021,373.45 5.5
AIRTELAFRI                116,711          83,420,867.50 715
WAPCO            3,508,670          76,518,598.90 21.8
FBNH          10,301,240          74,999,773.40 7.3

 

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.