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Nigerian Stocks Soars As Bullish Streak Continues On Customs Street

Transactions on Customs street Wednesday closed on a positive note as the All-Share-Index appreciated by 0.14% to sustain the previous positive sentiment to two consecutive trading days.

Brandewsday gathers that the uptrend was supported by value appreciation on some bellwether stocks like JAPAULOIL, GUARANTY, ZENITH BANK and 10 others.

Consequently, the market breadth closed at par, recording 13 gainers as against 13 losers.

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In summary, the All-Share Index (ASI) increased by 34.83 absolute points, representing a growth of 0.14% to close at 25,171.32 points. Similarly, the overall Market Capitalization size gained N18.20 billion, representing an increase of 0.14% to close at N13.13 trillion.

The market upturn was paired with weak trading activity, as total volumes and values traded on the local bourse dipped by -33.58% and -37.56% respectively, to a total of 180.10 million shares valued at N1.54 billion, in 3,108 deals.

Nigerian Stocks: Customs street

STUDPRESS emerged as the top gainer while CAP emerged as the top loser.

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The upturn was impacted by gains recorded in large and medium capitalized stocks, amongst which are; JAPAULOIL (+5.00%), GUARANTY (+1.20%), UCAP (+0.94%), ZENITH BANK (+0.90%), UBA (+0.75%) and FIDELITYBK (+0.56%).

MARKET STATISTICS

CAP N13,130,941,199,485.62 One Day (ASI CHG) +0.14%
Index 25,171.32 One Week (ASI CHG) +0.12%
Volume 180,010,447 One Month (ASI CHG) +3.72%
Value N1,536,323,055.52 Six Months (ASI CHG) -8.63%
Deals 3,108 52 Weeks (ASI CHG) -7.17%
Gainers 13 Losers 13
Unchanged 60 Total 94
YTD -6.22%

Source: NSEGTI Research

 

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FOREIGN EXCHANGE

The Naira at the official window today (Tuesday) closed at 381.00/$1, unchanged against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N386.03, traded high at N386.00, and eventually closed at N385.98representing a 0.05% depreciation against the previous day’s closing position. A total of $20.27 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate today (Tuesday) closed at 16.00%, representing a 1.50% depreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 15.25%, representing a 1.15% depreciation against the previous day’s position.

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FIXED INCOME
Securities Close P. Close Change
Bond 335.61 335.78 -0.17 bps
T.Bills 146.43 148.39 -1.96 bps
Note: BPS=> Basis Points
Read Also: Gridlock: Dangote refinery is held up by Nigeria’s congested ports

Source: FMDQGTI Research

NASD OTC MARKET

The NASD OTC market today (Wednesday) closed on a negative note as the Unlisted Securities Index (USI) closed at 709.43, representing a 0.15% depreciation against the previous day’s closing position. Similarly, Market Capitalization shed N780 million, to close at N521.12 billion, representing a 0.15% depreciation against the previous day’s closing position. Consequently, the aggregate volume increased by 42.45% while the aggregated value decreased by 14.51%, as investors traded a total of 761,395 shares, worth N61.04 million in 8 deal.

Sector Performance

Sector % Change
NSE30 0.18
BANKING 0.81
CONSUMER GOODS 0.19
INDUSTRIAL -0.04
INSURANCE 0.41
LOTUS ISLAMIC -0.01
OIL/GAS 0.00

Top 7 Gainers

Company Pclose Open Close Change % Change
STUDPRESS 1.80 1.80 1.98 0.18 10.00
INTBREW 2.80 2.80 3.00 0.20 7.14
JAIZBANK 0.56 0.56 0.59 0.03 5.36
MBENEFIT 0.20 0.20 0.21 0.01 5.00
JAPAULOIL 0.20 0.20 0.21 0.01 5.00
AIICO 0.91 0.91 0.93 0.02 2.20
WEMABANK 0.50 0.50 0.51 0.01 2.00
Read Also: Global HVAC Leader Trane® appoints JMG Limited as new distributor in Nigeria for its residential and light commercial products

 

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Top 7 Losers

Company Pclose Open Close Change % Change
CAP 17.00 17.00 15.30 -1.70 -10.00
ROYALEX 0.31 0.31 0.28 -0.03 -9.68
PZ 4.25 4.25 3.85 -0.40 -9.41
UPL 1.22 1.22 1.13 -0.09 -7.38
GLAXOSMITH 5.20 5.20 4.85 -0.35 -6.73
CHAMS 0.21 0.21 0.20 -0.01 -4.76
NAHCO 2.20 2.20 2.11 -0.09 -4.09

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
ZENITH BANK 35,942,914 605,179,633 16.90
ACCESS 29,078,795 187,392,948 6.40
TRANSCORP 16,488,807 10,136,531 0.61
UBA 12,489,776 83,194,989 6.70
FBNH 10,532,256 52,607,033 5.00
GUARANTY 8,028,667 201,252,314 25.20
LASACO 7,765,057 2,354,139 0.30

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
ZENITHBANK 35,942,914 605,179,633.45 16.90
GUARANTY 8,028,667 201,252,313.90 25.20
ACCESS 29,078,795 187,392,947.95 6.40
CAP 5,746,067 89,937,770.60 15.30
UBA 12,489,776 83,194,989.00 6.70
NESTLE 54,783 61,694,250.60 1175.00
FBNH 10,532,256 52,607,032.95 5.00

 

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Adebayo

Adebayo is a Content Developer and website manager who loves to learn, unlearn and relearn. He has a knack for exploring the tech world. He is always thirsty to learn as the tech ecosystem evolves every day.

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