FeaturedMarket Update

Nigerian Equities Market Hits New Year High, As Full Year Interim Numbers Drop

Maintaining positive path, equities trading on the floor of The Nigerian Stock Exchange rounded up in the positive territory, as the lead performance pointer, NSEASI added 57Bpts to its trading points, and closed at 42,160.01 from 41,930.73. Safe NSE-Insurance and NSE-Oil &Gas indexes that shed points, other observed market indices in this report ended in the green. Thus, Week to Date, Lead index is 285Bpts above opening, while the total gained points in the month of January is now 471Bpts. See the index movement table for details.

As investors played positive after the just concluded MPC meeting, market recorded another green day. Further supporting the bullish run are the release of various interim financial performances for the year ended 31st December, 2020. The results provided a more directional investment strategy for investors. The continuous upward trend could also be linked to the several moves by the federal government, especially through the central bank of Nigeria to recover the nation’s economy from recession. Despite these, we recommend a cautious play around the market, our recommendation is based on the very sharp trend with which the market arrived at its current trading point, we are of the opinion that, at slight fundamental flaws, the bear may freely slide the market.

The total value gained by the Market Capitalization of the listed equities during today’s trading activities was N124.860 billion, same as 58pts above the opening value. Meanwhile, trading activities for the day produced 28 ADVANCERS and 23 LAGERS. NSEASI Year to Date gain is now 471Bpts while the Market Capitalization Year to Date gain stood at N1.002 trillion same as 476Bpts above the year’s opening value.

Portland Paints led the advancers’ log with 10.00% gain as it closed the day’s trade at N3.19 from N2.90. Julius Berger followed on the log with 9.95% gain, thus, it ended at N22.65 from N20.60. NPFMCRFBK, Champion Breweries and Japaul Gold completed the top 5 price percentage gainers’ log with 9.71%, 9.69% and 9.41% respectively.

On the flip side Academy Press led with 10.00% loss as it rounded up trade at N0.36 from N0.40. Sovereign Insurance followed on the log with 9.68% to close at N0.28 from N0.31. Courtville, Guinea Insurance and Niger Insurance completed the top 5 price percentage losers’ log with 9.09%, 9.09% and 8.70% loss respectively.

Over the Counter Market Index and Capitalisation ended in the negative territory by shedding 2.17% each, thus, rounded up at 727.23 and N521.80 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 55.67$/bbl, this is 25Bpts above the previous close price. Please note that the CBN spot reference price as at close of business on 27th January is 55.75$/bbl.

The I&E FX Window opened at N394.00 traded as high as N395.00 before rounding up at N394.33, having transacted a total of $37.58 million through the day. Please note that, margin between the close and open value is 2pts up. 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 10.00%, same as 4.50% above the previous closing position. Meanwhile, Open Buy-Back (OBB) rate as at ended at 9.00% that is 4.00% above the previous close. Safe Trade.

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FeaturedMarket Update

Nigerian Equities Market Hits New Year High, As Full Year Interim Numbers Drop

Maintaining positive path, equities trading on the floor of The Nigerian Stock Exchange rounded up in the positive territory, as the lead performance pointer, NSEASI added 57Bpts to its trading points, and closed at 42,160.01 from 41,930.73. Safe NSE-Insurance and NSE-Oil &Gas indexes that shed points, other observed market indices in this report ended in the green. Thus, Week to Date, Lead index is 285Bpts above opening, while the total gained points in the month of January is now 471Bpts. See the index movement table for details.

As investors played positive after the just concluded MPC meeting, market recorded another green day. Further supporting the bullish run are the release of various interim financial performances for the year ended 31st December, 2020. The results provided a more directional investment strategy for investors. The continuous upward trend could also be linked to the several moves by the federal government, especially through the central bank of Nigeria to recover the nation’s economy from recession. Despite these, we recommend a cautious play around the market, our recommendation is based on the very sharp trend with which the market arrived at its current trading point, we are of the opinion that, at slight fundamental flaws, the bear may freely slide the market.

The total value gained by the Market Capitalization of the listed equities during today’s trading activities was N124.860 billion, same as 58pts above the opening value. Meanwhile, trading activities for the day produced 28 ADVANCERS and 23 LAGERS. NSEASI Year to Date gain is now 471Bpts while the Market Capitalization Year to Date gain stood at N1.002 trillion same as 476Bpts above the year’s opening value.

Portland Paints led the advancers’ log with 10.00% gain as it closed the day’s trade at N3.19 from N2.90. Julius Berger followed on the log with 9.95% gain, thus, it ended at N22.65 from N20.60. NPFMCRFBK, Champion Breweries and Japaul Gold completed the top 5 price percentage gainers’ log with 9.71%, 9.69% and 9.41% respectively.

On the flip side Academy Press led with 10.00% loss as it rounded up trade at N0.36 from N0.40. Sovereign Insurance followed on the log with 9.68% to close at N0.28 from N0.31. Courtville, Guinea Insurance and Niger Insurance completed the top 5 price percentage losers’ log with 9.09%, 9.09% and 8.70% loss respectively.

Over the Counter Market Index and Capitalisation ended in the negative territory by shedding 2.17% each, thus, rounded up at 727.23 and N521.80 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 55.67$/bbl, this is 25Bpts above the previous close price. Please note that the CBN spot reference price as at close of business on 27th January is 55.75$/bbl.

The I&E FX Window opened at N394.00 traded as high as N395.00 before rounding up at N394.33, having transacted a total of $37.58 million through the day. Please note that, margin between the close and open value is 2pts up. 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 10.00%, same as 4.50% above the previous closing position. Meanwhile, Open Buy-Back (OBB) rate as at ended at 9.00% that is 4.00% above the previous close. Safe Trade.

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