FeaturedMarket UpdateUncategorized

As Earnings Season Continues; Nigerian Equities Market Adds 38Bpts

As half year earnings season continues, equities trading on the floor of The Nigerian Stock Exchange rounded up in the green, thus, the lead performance pointer, NSEASI added 38Bpts to its trading points and closed at 25,236.97 from 25,141.48. Safe NSE-Industrial Goods that shed points, all other observed market indices in this report gained. Thus, Week to Date, activities index is 78Bpts above the opening while the total gained points in the month of August is now 220Bpts. See the index movement table for details.

Today’s recovery could be linked to good numbers of highly capitalised listed equities that closed above their respective opening points at the end of today’s trading activities. As noted above, the positive moves impacted major market sub-indices except the Industrial Goods sector. As reiterated in our previous reports, half year earnings will lead the market fundamentals through this month. Focus at the moment should be on banking equities with half year dividend policies, and few other listed equities yet to be adjusted for the recently announced cash/scrip dividends.

The total value gained by the Market Capitalization of the listed equities during today’s trading activities was N49.876 billion, same as 38Bpts above the opening value. Meanwhile, trading activities for the day produced 15 ADVANCERS and 18 LAGERS. NSEASI Year to Date loss is now 634Bpts while the Market Capitalization Year to Date gain stood at N206.778 billion same as 160Bpts above the year’s opening value.

Leading on the gainers’ log is Mansard lead with 9.66% gain that closed its price at N1.59 from N1.45. CHI PLC followed in the log with 8.82% gain, thus it rounded up trade at N0.37 from N0.34. Unilever, Prestige Assurance and Nigerian Breweries completed the top 5 price percentage gainers’ log with 8.33%, 8.16% and 5.88% respectively.

On the flip side, Ikeja Hotels led with 9.90% loss, thus it rounded up trade at N0.91 from N1.01. Academy Press followed with 9.09% to close at N0.30 from N0.33. Champion Breweries, Unity Bank and Neimeth completed the top 5 price percentage losers’ log with 8.97%, 8.47% and 5.00% respectively.

Over the Counter Market Index and Capitalisation both closed on a flat note, thus they closed at point 713.39 and N524.04 billion respectively. Today’s performance produced zero advancer and zero decliner. Kindly view today’s price list Here.

As at the time this report was gathered, Brent Crude sells at 44.90$/bbl, this is 117Bpts below the previous close price.

The I&E FX Window opened at N386.04 traded as high as N387.00 before rounding up at N385.03, having transacted a total of $41.48million through the day. Please note that, margin between the close and open value is 4Bpts down. We are of the opinion that the FX-Market will trade within same range tomorrow. See below table for Lagos BDC Fx-Rates.

In the money market, the Overnight (O/N) rate closed at 3.79%, same as 1.46% below the previous closing position. Meanwhile, Open Buy-Back (OBB) rate ended at 3.00% that is 1.33% below the previous close. We are of the opinion that the money market will maintain this range on the next business day. Safe Trade.

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FeaturedMarket UpdateUncategorized

As Earnings Season Continues; Nigerian Equities Market Adds 38Bpts

As half year earnings season continues, equities trading on the floor of The Nigerian Stock Exchange rounded up in the green, thus, the lead performance pointer, NSEASI added 38Bpts to its trading points and closed at 25,236.97 from 25,141.48. Safe NSE-Industrial Goods that shed points, all other observed market indices in this report gained. Thus, Week to Date, activities index is 78Bpts above the opening while the total gained points in the month of August is now 220Bpts. See the index movement table for details.

Today’s recovery could be linked to good numbers of highly capitalised listed equities that closed above their respective opening points at the end of today’s trading activities. As noted above, the positive moves impacted major market sub-indices except the Industrial Goods sector. As reiterated in our previous reports, half year earnings will lead the market fundamentals through this month. Focus at the moment should be on banking equities with half year dividend policies, and few other listed equities yet to be adjusted for the recently announced cash/scrip dividends.

The total value gained by the Market Capitalization of the listed equities during today’s trading activities was N49.876 billion, same as 38Bpts above the opening value. Meanwhile, trading activities for the day produced 15 ADVANCERS and 18 LAGERS. NSEASI Year to Date loss is now 634Bpts while the Market Capitalization Year to Date gain stood at N206.778 billion same as 160Bpts above the year’s opening value.

Leading on the gainers’ log is Mansard lead with 9.66% gain that closed its price at N1.59 from N1.45. CHI PLC followed in the log with 8.82% gain, thus it rounded up trade at N0.37 from N0.34. Unilever, Prestige Assurance and Nigerian Breweries completed the top 5 price percentage gainers’ log with 8.33%, 8.16% and 5.88% respectively.

On the flip side, Ikeja Hotels led with 9.90% loss, thus it rounded up trade at N0.91 from N1.01. Academy Press followed with 9.09% to close at N0.30 from N0.33. Champion Breweries, Unity Bank and Neimeth completed the top 5 price percentage losers’ log with 8.97%, 8.47% and 5.00% respectively.

Over the Counter Market Index and Capitalisation both closed on a flat note, thus they closed at point 713.39 and N524.04 billion respectively. Today’s performance produced zero advancer and zero decliner. Kindly view today’s price list Here.

As at the time this report was gathered, Brent Crude sells at 44.90$/bbl, this is 117Bpts below the previous close price.

The I&E FX Window opened at N386.04 traded as high as N387.00 before rounding up at N385.03, having transacted a total of $41.48million through the day. Please note that, margin between the close and open value is 4Bpts down. We are of the opinion that the FX-Market will trade within same range tomorrow. See below table for Lagos BDC Fx-Rates.

In the money market, the Overnight (O/N) rate closed at 3.79%, same as 1.46% below the previous closing position. Meanwhile, Open Buy-Back (OBB) rate ended at 3.00% that is 1.33% below the previous close. We are of the opinion that the money market will maintain this range on the next business day. Safe Trade.

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