FeaturedMarket Update

Nigerian Equities Market Stays in the Green, Adds 16Bpts

Staying on the green path, equities trading on the floor of The Nigerian Stock Exchange ended in the green, as the lead performance pointer, NSEASI added 16Bpts to its trading points and closed at 24,882.04 from 24,841.94. Safe NSE-Insurance Index that index shed points, other observed market indices in this report gained. Thus Week to Date, activities index is 76Bpts above the opening while the total gained points in the month of August is now 76Bpts. See the index movement table for details.

Market excitement is majorly due to mixed performance from posted by various listed equities especially those with December year end. Recall that we consistently informed our readers that, the half year earnings season will determine the general market trend in the month of August, this had been the situation in the past trading days. Please note that more financials are expected from few listed equities with interim dividend policy; such as, Guaranty Trust, Access Bank, UBA, Zenith and Stanbic IBTC. We strictly recommend a careful tread around the market arena.

The total value gained by the Market Capitalization of the listed equities during today’s trading activities was N20.917 billion, same as 16Bpts above the opening value. Meanwhile, trading activities for the day produced 18 ADVANCERS and 12 LAGERS. NSEASI Year to Date loss is now 730Bpts while the Market Capitalization Year to Date gain stood at N21.562 billion same as 17Bpts above the year’s opening value.

Leading on the gainers’ log is CAP Pls with 9.74% gain that closed its price at N16.90 from N15.40. UAC-Properties followed in the log with 9.52% gain, thus it rounded up trade at N0.92 from N0.84. Glaxo-Smith, Neimeth and Transcorp completed the top 5 price percentage gainers’ log with 6.19%, 5.42% and 5.08% respectively.

On the flip side, Eterna led with 9.00% gain, thus it rounded up trade at N1.82 from N2.00. Livestock Feeds followed with 4.62% to close at N0.62 from N0.65. Mbenefits, Lasaco and May&Baker completed the top 5 price percentage losers’ log with 4.55%, 4.00% and 3.33% respectively.

Over the Counter Market Index and Capitalisation both ended in the red, having lost 0.48% each to close at point 702.08 and N515.72 billion respectively. Today’s performance produced zero advancer and one decliner. Kindly view today’s price list Here.

As at the time this report was gathered, Brent Crude sells at 45.22$/bbl, this is 178Bpts above the previous close price.

The I&E FX Window opened at N387.79 traded as high as N390.00 before rounding up at N389.25, having transacted a total of $10.49 million through the day. Please note that, margin between the close and open value is 6Bpts 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 9.33%, same as 0.75% below the previous closing position. Meanwhile, Open Buy-Back (OBB) rate ended at 8.50% that is 0.50% 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 Stays in the Green, Adds 16Bpts

Staying on the green path, equities trading on the floor of The Nigerian Stock Exchange ended in the green, as the lead performance pointer, NSEASI added 16Bpts to its trading points and closed at 24,882.04 from 24,841.94. Safe NSE-Insurance Index that index shed points, other observed market indices in this report gained. Thus Week to Date, activities index is 76Bpts above the opening while the total gained points in the month of August is now 76Bpts. See the index movement table for details.

Market excitement is majorly due to mixed performance from posted by various listed equities especially those with December year end. Recall that we consistently informed our readers that, the half year earnings season will determine the general market trend in the month of August, this had been the situation in the past trading days. Please note that more financials are expected from few listed equities with interim dividend policy; such as, Guaranty Trust, Access Bank, UBA, Zenith and Stanbic IBTC. We strictly recommend a careful tread around the market arena.

The total value gained by the Market Capitalization of the listed equities during today’s trading activities was N20.917 billion, same as 16Bpts above the opening value. Meanwhile, trading activities for the day produced 18 ADVANCERS and 12 LAGERS. NSEASI Year to Date loss is now 730Bpts while the Market Capitalization Year to Date gain stood at N21.562 billion same as 17Bpts above the year’s opening value.

Leading on the gainers’ log is CAP Pls with 9.74% gain that closed its price at N16.90 from N15.40. UAC-Properties followed in the log with 9.52% gain, thus it rounded up trade at N0.92 from N0.84. Glaxo-Smith, Neimeth and Transcorp completed the top 5 price percentage gainers’ log with 6.19%, 5.42% and 5.08% respectively.

On the flip side, Eterna led with 9.00% gain, thus it rounded up trade at N1.82 from N2.00. Livestock Feeds followed with 4.62% to close at N0.62 from N0.65. Mbenefits, Lasaco and May&Baker completed the top 5 price percentage losers’ log with 4.55%, 4.00% and 3.33% respectively.

Over the Counter Market Index and Capitalisation both ended in the red, having lost 0.48% each to close at point 702.08 and N515.72 billion respectively. Today’s performance produced zero advancer and one decliner. Kindly view today’s price list Here.

As at the time this report was gathered, Brent Crude sells at 45.22$/bbl, this is 178Bpts above the previous close price.

The I&E FX Window opened at N387.79 traded as high as N390.00 before rounding up at N389.25, having transacted a total of $10.49 million through the day. Please note that, margin between the close and open value is 6Bpts 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 9.33%, same as 0.75% below the previous closing position. Meanwhile, Open Buy-Back (OBB) rate ended at 8.50% that is 0.50% 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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