FeaturedMarket Update

Boosted By Dangcem & MTNN; NSEASI Pauses Six-Days Negative Moves

 

Boosted by gains of Dangcem and MTNN share price, equities trading on the floor of The Nigerian Stock Exchange ended the fourth trading day of the week in the positive territory, as the lead performance pointer, NSEASI added 78Bpts to its trading points and closed at 41,014.30 from 40,696.01. It was a mixed performance amongst the observed market indices as shown in the index movement table. Thus, Week to Date, lead index is 167Bpts below opening, while Month to Date loss is now 330Bpts. See the index movement table for details.

As noted above, the seemingly recovery posted by the lead index at the end of today’s trading day was due to substantial gain in the share price of Dangote Cement and MTNN. Further establishing this fact are good numbers of active equities that closed below their respective opening prices. In our opinion, playing dividend stock will reduce investment risk at the moment; another intelligent investment option is to exit the dropping market and re-enter at the bottom, when it finds stronger support.

The total value gained by the Market Capitalization of the listed equities during today’s trading activities was N166.514 billion, same as 77pts above the opening value. Meanwhile, trading activities for the day produced 07 ADVANCERS and 46 LAGERS. NSEASI Year to Date gain is now 185Bpts while the Market Capitalization Year to Date gain stood at N399.658 billion same as 190Bpts above the year’s opening value.

Leading on the advancers’ log is Dangote Cement that gained 7.04% to close at N228.00 from N213.00. Mutual Benefit followed on the log with 5.41% gain, thus it closed at N0.39 from N0.37. Sovereign Insurance, Vitafoam and Unilever completed the top 5 price percentage gainers list with 3.70%, 3.33% and 2.57% respectively.

On the flip side, Livestock Feeds and Linkage Assurance led with 10.00% loss each, they respectively closed at N2.25 & N0.54 from N2.50 and N0.60. NAHCO, NNFM and Portland Paint completed the top 5 price percentage losers’ log with 9.96%, 9.88% and 9.84% respectively.

Over the Counter Market Index and Capitalisation ended in the negative territory by shedding 0.51% each, thus, each rounded up at 735.84 and N527.98 billion respectively. Today’s performance produced zero (0) advancer and one (1) decliner. Kindly view today’s price list Here.

As at the time this report was gathered, Brent Crude sells at 60.83$/bbl, this is 104Bpts above the previous close price. Please note that the CBN spot reference price as at close of business on 5th February is 60.20$/bbl.

The I&E FX Window opened at N401.75 traded as high as N422.59 before rounding up at N400.00, having transacted a total of $79.07 million through the day. Please note that, margin between the close and open value is 0pts 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 5.83%, same as 0.58% above the previous closing position. Meanwhile, Open Buy-Back (OBB) rate as at ended at 5.33% that is 0.33% above the previous close. Safe Trade.

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FeaturedMarket Update

Boosted By Dangcem & MTNN; NSEASI Pauses Six-Days Negative Moves

 

Boosted by gains of Dangcem and MTNN share price, equities trading on the floor of The Nigerian Stock Exchange ended the fourth trading day of the week in the positive territory, as the lead performance pointer, NSEASI added 78Bpts to its trading points and closed at 41,014.30 from 40,696.01. It was a mixed performance amongst the observed market indices as shown in the index movement table. Thus, Week to Date, lead index is 167Bpts below opening, while Month to Date loss is now 330Bpts. See the index movement table for details.

As noted above, the seemingly recovery posted by the lead index at the end of today’s trading day was due to substantial gain in the share price of Dangote Cement and MTNN. Further establishing this fact are good numbers of active equities that closed below their respective opening prices. In our opinion, playing dividend stock will reduce investment risk at the moment; another intelligent investment option is to exit the dropping market and re-enter at the bottom, when it finds stronger support.

The total value gained by the Market Capitalization of the listed equities during today’s trading activities was N166.514 billion, same as 77pts above the opening value. Meanwhile, trading activities for the day produced 07 ADVANCERS and 46 LAGERS. NSEASI Year to Date gain is now 185Bpts while the Market Capitalization Year to Date gain stood at N399.658 billion same as 190Bpts above the year’s opening value.

Leading on the advancers’ log is Dangote Cement that gained 7.04% to close at N228.00 from N213.00. Mutual Benefit followed on the log with 5.41% gain, thus it closed at N0.39 from N0.37. Sovereign Insurance, Vitafoam and Unilever completed the top 5 price percentage gainers list with 3.70%, 3.33% and 2.57% respectively.

On the flip side, Livestock Feeds and Linkage Assurance led with 10.00% loss each, they respectively closed at N2.25 & N0.54 from N2.50 and N0.60. NAHCO, NNFM and Portland Paint completed the top 5 price percentage losers’ log with 9.96%, 9.88% and 9.84% respectively.

Over the Counter Market Index and Capitalisation ended in the negative territory by shedding 0.51% each, thus, each rounded up at 735.84 and N527.98 billion respectively. Today’s performance produced zero (0) advancer and one (1) decliner. Kindly view today’s price list Here.

As at the time this report was gathered, Brent Crude sells at 60.83$/bbl, this is 104Bpts above the previous close price. Please note that the CBN spot reference price as at close of business on 5th February is 60.20$/bbl.

The I&E FX Window opened at N401.75 traded as high as N422.59 before rounding up at N400.00, having transacted a total of $79.07 million through the day. Please note that, margin between the close and open value is 0pts 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 5.83%, same as 0.58% above the previous closing position. Meanwhile, Open Buy-Back (OBB) rate as at ended at 5.33% that is 0.33% above the previous close. Safe Trade.

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