FeaturedMarket Update

Nigerian Equities Market Maintains Positive Trend, Ends August with 257Bpts North

Increasing the gained points for the month, equities trading on the floor of The Nigerian Stock Exchange rounded up the last trading day of August in the positive territory, thus, the lead index-NSEASI gained 7Bpts to close at 25,327.13 from 25,309.37. It was a mixed performance amongst the observed market indices as shown in the index movement table. Thus, Week to Date, lead activities index is 42Bpts above opening, while the total gained points in the month of August is 257Bpts. See the index movement table for details.

Impacted by various reactions to half year earnings season, the month of August closed in the green as noted above. With this performance, the market successfully maintained the positivity recorded in July. Meanwhile, the new month of September, being the concluding month for the third quarter, will not only witnessed new positions towards the third quarter numbers, but will also experience reactions to expected earnings from few listed equities yet to release half year numbers till date  in the banking sub-sector. Please note that, these banks had earlier sensitised the market with the news of half year interim dividend.

The total value gained by the Market Capitalization of the listed equities during today’s trading activities was N9.262 billion, same as 7Bpts above the opening value. Meanwhile, trading activities for the day produced 11 ADVANCERS and 17 LAGERS. NSEASI Year to Date loss is now 564Bpts while the Market Capitalization Year to Date gain stood at N254.545 billion same as 196Bpts above the year’s opening value.

Leading on the gainers’ log is 11Plc (Mobil) that improved by 10.00% and closed at N192.50 from N175.00. FTNCocoa followed on the log with 8.33% gain, thus, it rounded up trade at N0.26 from N0.24. Royal-Exchange, Vitafoam and Wapco completed the top 5 price percentage gainers’ list with 7.69%, 4.39% and 3.46% respectively.

On the flip side, CILeasing led with 10.00% loss, thus it rounded up trade at N3.60 from N4.00. UAC-Property followed with 7.61% to close at N0.85 from N0.92. Red Star, Mbenefit and NEM completed the top 5 price percentage losers’ log with 5.19%, 4.76% and 3.72% respectively.

Over the Counter Market Index and Capitalisation both closed flat, thus they closed at point 711.15 and N522.93 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 45.48$/bbl, this is 72Bpts below the previous close price.

The I&E FX Window opened at N386.50 traded as high as N396.00 before rounding up at N385.67, having transacted a total of $14.37 million through the day. Please note that, margin between the close and open value is 0Bpts 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 as 21st August, 2020 closed at 9.60%, same as 5.30% below the previous closing position. Meanwhile, Open Buy-Back (OBB) rate as at 21st August, 2020 ended at 9.10% that is 4.80% 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 Update

Nigerian Equities Market Maintains Positive Trend, Ends August with 257Bpts North

Increasing the gained points for the month, equities trading on the floor of The Nigerian Stock Exchange rounded up the last trading day of August in the positive territory, thus, the lead index-NSEASI gained 7Bpts to close at 25,327.13 from 25,309.37. It was a mixed performance amongst the observed market indices as shown in the index movement table. Thus, Week to Date, lead activities index is 42Bpts above opening, while the total gained points in the month of August is 257Bpts. See the index movement table for details.

Impacted by various reactions to half year earnings season, the month of August closed in the green as noted above. With this performance, the market successfully maintained the positivity recorded in July. Meanwhile, the new month of September, being the concluding month for the third quarter, will not only witnessed new positions towards the third quarter numbers, but will also experience reactions to expected earnings from few listed equities yet to release half year numbers till date  in the banking sub-sector. Please note that, these banks had earlier sensitised the market with the news of half year interim dividend.

The total value gained by the Market Capitalization of the listed equities during today’s trading activities was N9.262 billion, same as 7Bpts above the opening value. Meanwhile, trading activities for the day produced 11 ADVANCERS and 17 LAGERS. NSEASI Year to Date loss is now 564Bpts while the Market Capitalization Year to Date gain stood at N254.545 billion same as 196Bpts above the year’s opening value.

Leading on the gainers’ log is 11Plc (Mobil) that improved by 10.00% and closed at N192.50 from N175.00. FTNCocoa followed on the log with 8.33% gain, thus, it rounded up trade at N0.26 from N0.24. Royal-Exchange, Vitafoam and Wapco completed the top 5 price percentage gainers’ list with 7.69%, 4.39% and 3.46% respectively.

On the flip side, CILeasing led with 10.00% loss, thus it rounded up trade at N3.60 from N4.00. UAC-Property followed with 7.61% to close at N0.85 from N0.92. Red Star, Mbenefit and NEM completed the top 5 price percentage losers’ log with 5.19%, 4.76% and 3.72% respectively.

Over the Counter Market Index and Capitalisation both closed flat, thus they closed at point 711.15 and N522.93 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 45.48$/bbl, this is 72Bpts below the previous close price.

The I&E FX Window opened at N386.50 traded as high as N396.00 before rounding up at N385.67, having transacted a total of $14.37 million through the day. Please note that, margin between the close and open value is 0Bpts 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 as 21st August, 2020 closed at 9.60%, same as 5.30% below the previous closing position. Meanwhile, Open Buy-Back (OBB) rate as at 21st August, 2020 ended at 9.10% that is 4.80% 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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