FeaturedMarket Update

Nigerian Equities Market Update: Equities Becomes More Attractive, as NSEASI Records Another Red Day

Negative sentiments continued on the floor of The Nigerian Stock Exchange, as the lead performance pointer–NSEASI gave up 38Bpts of its trading points, and closed at 24,654.99 from 24,750.06. It was a mixed performance amongst the observed market indices in this report. Thus, Week to Date, market is 69Bpts below opening, while the total lost points in the month of June is now 243Bpts. See the index movement table for details.

Unlike the previous trading day, the advancers’ log expanded, as more listed equities closed above their respective opening prices. Nevertheless, the market still closed down, this is because most capitalised stocks joined the lagers. Meanwhile, despite the long red days, Bollinger bands are still 64.0% narrower than normal; the narrow bands suggest a low volatility compared to the normal market trading range. As noted in our previous reports, a careful analysis of possible effects of the lockdown, and other government policies on equities of choice should be done before taking any investment decision. Please understand that a downtrend is bound to create more entry signals, since this will drag listed equities back to attractive prices. Please trade accordingly

Value loss by the Market Capitalization of the listed equities during today’s trading activities was N49.560 billion, same as 38Bpts below the opening value. Meanwhile, trading activities for the day produced 22 ADVANCERS and 19 LAGERS. NSEASI Year to Date loss is now 815Bpts while the Market Capitalization Year to Date loss stood at N96.846 billion same as 75Bpts below the year’s opening value.

Chams led the gainers log with 9.52% to close at N0.23 from N0.21. Champion Breweries followed with 7.95% and rounded up at N0.95 from N0.88. Unity Bank, AIICO and Nahco completed the top 5 price percentage gainers log with 7.41%, 6.67% and 5.98% respectively.

Pz-Cussons led the price percentage losers log with 10.00% to close at N4.05 from N4.50. Seplat followed closely with 9.98% loss, and ended at N386.00 from N428.80. International Breweries, Arbico and Neimeth completed the log with 9.89%, 9.57% and 9.52% respectfully.

Over the Counter Market Index and Capitalisation both gained 1.16% and 1.15%, and rounded up at point 709.11 and N520.89 Billion respectively. SDCCSPLC and SDNEP are the only two gainers for the day, as they both closed at N13.97 and N325.00 from N13.00 and N318.95 respectively. No equity lost through today’s trade. Kindly view today’s price list Here.

As at the time this report was gathered, Brent Crude sells at 40.06$/bbl, this is 603Bpts below the previous close price.

The I&E FX Window opened at N386.33 traded as high as N389.20 before rounding up at N387.17, having transacted a total of $90.88 million through the day. Please note that, margin between the close and open value is 14Bpts 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 15.75%, same as 0.08% above the previous closing position. Meanwhile, Open Buy-Back (OBB) rate ended at 14.67% that is 0.00% above 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 Update: Equities Becomes More Attractive, as NSEASI Records Another Red Day

Negative sentiments continued on the floor of The Nigerian Stock Exchange, as the lead performance pointer–NSEASI gave up 38Bpts of its trading points, and closed at 24,654.99 from 24,750.06. It was a mixed performance amongst the observed market indices in this report. Thus, Week to Date, market is 69Bpts below opening, while the total lost points in the month of June is now 243Bpts. See the index movement table for details.

Unlike the previous trading day, the advancers’ log expanded, as more listed equities closed above their respective opening prices. Nevertheless, the market still closed down, this is because most capitalised stocks joined the lagers. Meanwhile, despite the long red days, Bollinger bands are still 64.0% narrower than normal; the narrow bands suggest a low volatility compared to the normal market trading range. As noted in our previous reports, a careful analysis of possible effects of the lockdown, and other government policies on equities of choice should be done before taking any investment decision. Please understand that a downtrend is bound to create more entry signals, since this will drag listed equities back to attractive prices. Please trade accordingly

Value loss by the Market Capitalization of the listed equities during today’s trading activities was N49.560 billion, same as 38Bpts below the opening value. Meanwhile, trading activities for the day produced 22 ADVANCERS and 19 LAGERS. NSEASI Year to Date loss is now 815Bpts while the Market Capitalization Year to Date loss stood at N96.846 billion same as 75Bpts below the year’s opening value.

Chams led the gainers log with 9.52% to close at N0.23 from N0.21. Champion Breweries followed with 7.95% and rounded up at N0.95 from N0.88. Unity Bank, AIICO and Nahco completed the top 5 price percentage gainers log with 7.41%, 6.67% and 5.98% respectively.

Pz-Cussons led the price percentage losers log with 10.00% to close at N4.05 from N4.50. Seplat followed closely with 9.98% loss, and ended at N386.00 from N428.80. International Breweries, Arbico and Neimeth completed the log with 9.89%, 9.57% and 9.52% respectfully.

Over the Counter Market Index and Capitalisation both gained 1.16% and 1.15%, and rounded up at point 709.11 and N520.89 Billion respectively. SDCCSPLC and SDNEP are the only two gainers for the day, as they both closed at N13.97 and N325.00 from N13.00 and N318.95 respectively. No equity lost through today’s trade. Kindly view today’s price list Here.

As at the time this report was gathered, Brent Crude sells at 40.06$/bbl, this is 603Bpts below the previous close price.

The I&E FX Window opened at N386.33 traded as high as N389.20 before rounding up at N387.17, having transacted a total of $90.88 million through the day. Please note that, margin between the close and open value is 14Bpts 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 15.75%, same as 0.08% above the previous closing position. Meanwhile, Open Buy-Back (OBB) rate ended at 14.67% that is 0.00% above 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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