FeaturedMarket Update

NGXASI Maintains Marginal Moves, Opens the Week 2Bpts Down

Starting up the new week, equities trading on the floor of the Nigerian Stock Exchange ended in the negative territory, as the lead performance pointer, NSEASI gave up marginal 2Bpts of its trading points, and closed at 39,252.89 from 39,261.01. It was a mixed performance amongst the observed market indices in this report. Thus, WtD, the lead index is 2Bpts below opening, while the total gained points in the month of September is now 8Bpts. See the index movement table for details.

Fundamental View

Today, investors received another interim dividend news as the management of Stanbic IBTC reported a N1.00 interim cash dividend for the period ended 30th June, 2021, this is against the 40k interim paid in the corresponding year. Meanwhile, the financials dropped against the comparable quarter in 2020. Please understand that, having received three of the expected interims from the banking sub-sector of the market, the market is now left with GTCO, UBA for interim, also Fidelity Bank number is equally expected. From record, it usually released its half year earnings within the first week of September. Till date, Fidelity had not paid interim. Considering the improvements achieved in various equities during the half year earnings released session, we conclude that, playing the market remains viable, though it should be trodden with cautiousness.

 

Technical View

Technically observing the lead indicator’s performance through the month of August, it will be observed that the market had successfully maintained the uptrend all through the month. Month on Month, this makes the second consecutive gaining month. Meanwhile, activities had maintained a very short trading range. In reality, the current trading range is now a very important point that must be watched out for as market trends up and down. Please understand that, the longer the market stand within this trading range, the more the probability of breaking off (up or down) increases.

Money Flow Index (MFI) today revealed a sharp movement to the south, a sign that confirms that funds is currently exiting the market. Also, MACD is trending at very close gaps, and had maintained its position below its signal line. Similarly RSI Crossover (RSI15 Vs RSI5) is equally in a sell.

Index Movement

 

The total value loss by the Market Capitalization of the listed equities during today’s trading activities was N4.232 billion, same as 2Bpts below the opening value. Meanwhile, trading activities for the day produced 21 ADVANCERS and 15 LAGERS. NGXASI Year to Date loss is now 253Bpts while the Market Capitalization Year to Date loss stood at N605.367 billion same as 287Bpts below the year’s opening value.

Gainers & Losers

Leading on the advancers’ log is Linkage Assurance that gained 8.93% to round up the day at N0.61 from N0.56. FTNCocoa followed with 8.89% gain, thus, it ended at N0.49 from N0.45. Mutual Benefits, ETI and Universal Insurance completed the top 5 price percentage gainers’ log with 7.14%, 5.77% and 5.00% respectively.

On the flip side Glaxo-Smithkline led with 9.56% price depreciation as it rounded up trade at N6.15 from N6.80. CHIPLC followed with 8.62% loss, thus it closed at N0.53 from N0.58. Sovereign Insurance, May&Baker and UPL completed the top 5 price percentage losers’ log with 7.69%, 6.67% and 6.03% respectively.

Top Performers Log

Top 5 Trades

Investors did a total of 353 deals on the shares of Access Bank, while a total of 263 transactions were made on HoneyWell shares through today’s trading session. Zenith Bank was next on the top 5 list with 255 transactions, while GTCO and DangSugar completed the top five (5) trades for the day, as shown in the below table.

Top 5 Performance by Volume

Traders traded 30.52 million units of Access Bank through the day’s trade. Mutual Benefits Flour followed on the most traded by volume with 26.82 million shares. Sovereign Insurance, Universal Insurance and Honewell Flour completed the top 5 most traded shares for the day.

Top Performance by Value

The Value of the shares traded on Access Bank (N282.14 million) was the highest for the day, followed by Zenith Bank where investors exchange N180.21 million worth of shares. Stanbic IBTC, Okomu Oil and UCAP completed the list as shown in the above table.

NASD-OTC BRIEF

Over the Counter (OTC) Market Index ended in the red by giving up 0.38% to close the day’s trade at 732.12, while the market Capitalisation equally rounded up in the positive territory as it added 0.38% and close at 636.34 billion. Today’s performance produced zero (0) advancers, and three (3) decliners. Kindly view today’s price list Here.

FMDQ-OTC BRIEF

The I&E FX Window opened at N411.82 traded as high as N420.91 before rounding up at N411.13, having transacted a total of $97.54 million through the day. Please note that, margin between the close and open value is 9Bpts 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 8.50%, same as 5.00% below the previous closing position. Meanwhile, Open Buy-Back (OBB) rate as at ended at 8.00% that is 5.00% below the previous close.

CRUDE OIL PRICE MOVEMENT

As at the time this report was gathered, Brent Crude sells at 72.44$/bbl, this is 30Bpts above the last close price. Safe Trade.

BDC PRICE MOVEMENT

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FeaturedMarket Update

NGXASI Maintains Marginal Moves, Opens the Week 2Bpts Down

Starting up the new week, equities trading on the floor of the Nigerian Stock Exchange ended in the negative territory, as the lead performance pointer, NSEASI gave up marginal 2Bpts of its trading points, and closed at 39,252.89 from 39,261.01. It was a mixed performance amongst the observed market indices in this report. Thus, WtD, the lead index is 2Bpts below opening, while the total gained points in the month of September is now 8Bpts. See the index movement table for details.

Fundamental View

Today, investors received another interim dividend news as the management of Stanbic IBTC reported a N1.00 interim cash dividend for the period ended 30th June, 2021, this is against the 40k interim paid in the corresponding year. Meanwhile, the financials dropped against the comparable quarter in 2020. Please understand that, having received three of the expected interims from the banking sub-sector of the market, the market is now left with GTCO, UBA for interim, also Fidelity Bank number is equally expected. From record, it usually released its half year earnings within the first week of September. Till date, Fidelity had not paid interim. Considering the improvements achieved in various equities during the half year earnings released session, we conclude that, playing the market remains viable, though it should be trodden with cautiousness.

 

Technical View

Technically observing the lead indicator’s performance through the month of August, it will be observed that the market had successfully maintained the uptrend all through the month. Month on Month, this makes the second consecutive gaining month. Meanwhile, activities had maintained a very short trading range. In reality, the current trading range is now a very important point that must be watched out for as market trends up and down. Please understand that, the longer the market stand within this trading range, the more the probability of breaking off (up or down) increases.

Money Flow Index (MFI) today revealed a sharp movement to the south, a sign that confirms that funds is currently exiting the market. Also, MACD is trending at very close gaps, and had maintained its position below its signal line. Similarly RSI Crossover (RSI15 Vs RSI5) is equally in a sell.

Index Movement

 

The total value loss by the Market Capitalization of the listed equities during today’s trading activities was N4.232 billion, same as 2Bpts below the opening value. Meanwhile, trading activities for the day produced 21 ADVANCERS and 15 LAGERS. NGXASI Year to Date loss is now 253Bpts while the Market Capitalization Year to Date loss stood at N605.367 billion same as 287Bpts below the year’s opening value.

Gainers & Losers

Leading on the advancers’ log is Linkage Assurance that gained 8.93% to round up the day at N0.61 from N0.56. FTNCocoa followed with 8.89% gain, thus, it ended at N0.49 from N0.45. Mutual Benefits, ETI and Universal Insurance completed the top 5 price percentage gainers’ log with 7.14%, 5.77% and 5.00% respectively.

On the flip side Glaxo-Smithkline led with 9.56% price depreciation as it rounded up trade at N6.15 from N6.80. CHIPLC followed with 8.62% loss, thus it closed at N0.53 from N0.58. Sovereign Insurance, May&Baker and UPL completed the top 5 price percentage losers’ log with 7.69%, 6.67% and 6.03% respectively.

Top Performers Log

Top 5 Trades

Investors did a total of 353 deals on the shares of Access Bank, while a total of 263 transactions were made on HoneyWell shares through today’s trading session. Zenith Bank was next on the top 5 list with 255 transactions, while GTCO and DangSugar completed the top five (5) trades for the day, as shown in the below table.

Top 5 Performance by Volume

Traders traded 30.52 million units of Access Bank through the day’s trade. Mutual Benefits Flour followed on the most traded by volume with 26.82 million shares. Sovereign Insurance, Universal Insurance and Honewell Flour completed the top 5 most traded shares for the day.

Top Performance by Value

The Value of the shares traded on Access Bank (N282.14 million) was the highest for the day, followed by Zenith Bank where investors exchange N180.21 million worth of shares. Stanbic IBTC, Okomu Oil and UCAP completed the list as shown in the above table.

NASD-OTC BRIEF

Over the Counter (OTC) Market Index ended in the red by giving up 0.38% to close the day’s trade at 732.12, while the market Capitalisation equally rounded up in the positive territory as it added 0.38% and close at 636.34 billion. Today’s performance produced zero (0) advancers, and three (3) decliners. Kindly view today’s price list Here.

FMDQ-OTC BRIEF

The I&E FX Window opened at N411.82 traded as high as N420.91 before rounding up at N411.13, having transacted a total of $97.54 million through the day. Please note that, margin between the close and open value is 9Bpts 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 8.50%, same as 5.00% below the previous closing position. Meanwhile, Open Buy-Back (OBB) rate as at ended at 8.00% that is 5.00% below the previous close.

CRUDE OIL PRICE MOVEMENT

As at the time this report was gathered, Brent Crude sells at 72.44$/bbl, this is 30Bpts above the last close price. Safe Trade.

BDC PRICE MOVEMENT

Comment here

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