FeaturedMarket Update

Nigerian Stock Market Maintains Negative Path, Gives Up 19Bpts

Equities trading on the floor of The Nigerian Stock Exchange closed in the negative territory, as the lead performance pointer-NSEASI gave up marginal 19Bpts of its trading points and closed at 25,550.31 from 25,597.96.  It was a mixed performance amongst the observed market indices in this report. Thus, Week to Date, the lead index is 16Bpts below opening, while the total gained points in the month of September is now 88Bpts. See the index movement table for details.

As noted in our previous reports, this is the period to position ahead the expected third quarter financial statistics of equities with December financial year. Please note that, it is more appropriate to understand the likely outcome from your equity of choice. For example, equities in the health sector are likely to come out with positive numbers; this is because the impact of favourable government policies towards the sector and various cost waivers on their activities are expected to positively impact their third quarter earnings. Conversely, various factors are currently working against equities in the breweries sector, thus, their numbers might come below corresponding quarters. We therefore recommend that traders should tread carefully around the market arena.

The total value loss by the Market Capitalization of the listed equities during today’s trading activities was N1.162 billion, same as 1Bpts below the opening value. Meanwhile, trading activities for the day produced 17 ADVANCERS and 19 LAGERS. NSEASI Year to Date loss is now 481Bpts while the Market Capitalization Year to Date gain stood at N395.708 billion same as 304Bpts above the year’s opening value.

Leading on the gainers’ log is Learn-Africa that added 9.62% and closed at N1.14 from N1.04. Berger Paints followed on the log with 7.44% gain, thus, it rounded up trade at N6.50 from N6.05. UBN, Oando and Lasaco completed the top 5 price percentage gainers’ list with 7.00%, 4.44% and 4.00% respectively.

On the flip side, Royal Exchange led with 10.00% loss that closed its price at N0.27 from N0.30. Nem Insurance followed on the log with 9.78% as it rounded up trade at N2.03 from N2.25. Cadbury, ABC-Transport and Neimeth completed the top 5 price percentage losers’ log with 8.39%, 8.33% and 7.69% respectively.

Over the Counter Market Index and Capitalisation both closed in the red as they both shed 0.69% each, thus they closed at point 722.13 and N530.45 billion respectively. Today’s performance produced zero (0) advancer and two (2) decliner. Kindly view today’s price list Here.

As at the time this report was gathered, Brent Crude sells at 42.30$/bbl, this is 437Bpts above the previous close price.

The I&E FX Window opened at N386.00 traded as high as N395.13 before rounding up at N386.00, having transacted a total of $282.23 million through the day. Please note that, margin between the close and open value is 0Bpts 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 as 14th September, 2020 closed at 4.00%, same as 1.20% below the previous closing position. Meanwhile, Open Buy-Back (OBB) rate as at 14th September, 2020 ended at 3.50% that is 0.90% 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 Stock Market Maintains Negative Path, Gives Up 19Bpts

Equities trading on the floor of The Nigerian Stock Exchange closed in the negative territory, as the lead performance pointer-NSEASI gave up marginal 19Bpts of its trading points and closed at 25,550.31 from 25,597.96.  It was a mixed performance amongst the observed market indices in this report. Thus, Week to Date, the lead index is 16Bpts below opening, while the total gained points in the month of September is now 88Bpts. See the index movement table for details.

As noted in our previous reports, this is the period to position ahead the expected third quarter financial statistics of equities with December financial year. Please note that, it is more appropriate to understand the likely outcome from your equity of choice. For example, equities in the health sector are likely to come out with positive numbers; this is because the impact of favourable government policies towards the sector and various cost waivers on their activities are expected to positively impact their third quarter earnings. Conversely, various factors are currently working against equities in the breweries sector, thus, their numbers might come below corresponding quarters. We therefore recommend that traders should tread carefully around the market arena.

The total value loss by the Market Capitalization of the listed equities during today’s trading activities was N1.162 billion, same as 1Bpts below the opening value. Meanwhile, trading activities for the day produced 17 ADVANCERS and 19 LAGERS. NSEASI Year to Date loss is now 481Bpts while the Market Capitalization Year to Date gain stood at N395.708 billion same as 304Bpts above the year’s opening value.

Leading on the gainers’ log is Learn-Africa that added 9.62% and closed at N1.14 from N1.04. Berger Paints followed on the log with 7.44% gain, thus, it rounded up trade at N6.50 from N6.05. UBN, Oando and Lasaco completed the top 5 price percentage gainers’ list with 7.00%, 4.44% and 4.00% respectively.

On the flip side, Royal Exchange led with 10.00% loss that closed its price at N0.27 from N0.30. Nem Insurance followed on the log with 9.78% as it rounded up trade at N2.03 from N2.25. Cadbury, ABC-Transport and Neimeth completed the top 5 price percentage losers’ log with 8.39%, 8.33% and 7.69% respectively.

Over the Counter Market Index and Capitalisation both closed in the red as they both shed 0.69% each, thus they closed at point 722.13 and N530.45 billion respectively. Today’s performance produced zero (0) advancer and two (2) decliner. Kindly view today’s price list Here.

As at the time this report was gathered, Brent Crude sells at 42.30$/bbl, this is 437Bpts above the previous close price.

The I&E FX Window opened at N386.00 traded as high as N395.13 before rounding up at N386.00, having transacted a total of $282.23 million through the day. Please note that, margin between the close and open value is 0Bpts 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 as 14th September, 2020 closed at 4.00%, same as 1.20% below the previous closing position. Meanwhile, Open Buy-Back (OBB) rate as at 14th September, 2020 ended at 3.50% that is 0.90% 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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