FeaturedMarket Update

Nigerian Stock Market Opens September on a Lighter Note, Adds 34Bpts

Starting up the new month, equities trading on the floor of The Nigerian Stock Exchange ended in the positive territory, as the lead performance pointer-NSEASI gained 34Bpts and closed at 25,413.76 from 25,327.13. Safe NSE-Industrial Goods that shed points, other observed market indices in this report gained. Thus, Week to Date lead activities index is 76Bpts above opening while the total gained points in the new month is now 34Bpts. See the index movement table for details.

Impacted by various reactions to half year earnings season, the month of August closed in the green. 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 witness 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, especially 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 N45.295 billion, same as 34Bpts above the opening value. Meanwhile, trading activities for the day produced 27 ADVANCERS and 09 LAGERS. NSEASI Year to Date loss is now 532Bpts while the Market Capitalization Year to Date gain stood at N299.841 billion same as 231Bpts above the year’s opening value.

Leading on the gainers’ log is Livestock Feeds that improved by 10.00% and closed at N0.66 from N0.60. Eterna Oil followed on the log with 9.47% gain, thus, it rounded up trade at N2.08 from N1.90. JaizBank, UAC-Properties and Neimeth completed the top 5 price percentage gainers’ list with 8.93%, 8.24% and 7.53% respectively.

On the flip side, Wapic led with 5.71% loss, thus it rounded up trade at N0.33 from N0.35. Union Bank followed with 5.66% to close at N5.00 from N5.30Pz-Cussons, May&Baker and FCMB completed the top 5 price percentage losers’ log with 2.38%, 2.33% and 2.27% respectively.

Over the Counter Market Index and Capitalisation both closed down by 0.24% each, thus they closed at point 709.45 and N521.14 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 45.58$/bbl, this is 66Bpts above the previous close price.

The I&E FX Window opened at N386.03 traded as high as N395.13 before rounding up at N386.00, having transacted a total of $58.46 million through the day. Please note that, margin between the close and open value is 9Bpts 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 1st September, 2020 closed at 6.38%, same as 3.23% below the previous closing position. Meanwhile, Open Buy-Back (OBB) rate as at 1st September, 2020 ended at 5.75% that is 3.35% 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 Opens September on a Lighter Note, Adds 34Bpts

Starting up the new month, equities trading on the floor of The Nigerian Stock Exchange ended in the positive territory, as the lead performance pointer-NSEASI gained 34Bpts and closed at 25,413.76 from 25,327.13. Safe NSE-Industrial Goods that shed points, other observed market indices in this report gained. Thus, Week to Date lead activities index is 76Bpts above opening while the total gained points in the new month is now 34Bpts. See the index movement table for details.

Impacted by various reactions to half year earnings season, the month of August closed in the green. 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 witness 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, especially 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 N45.295 billion, same as 34Bpts above the opening value. Meanwhile, trading activities for the day produced 27 ADVANCERS and 09 LAGERS. NSEASI Year to Date loss is now 532Bpts while the Market Capitalization Year to Date gain stood at N299.841 billion same as 231Bpts above the year’s opening value.

Leading on the gainers’ log is Livestock Feeds that improved by 10.00% and closed at N0.66 from N0.60. Eterna Oil followed on the log with 9.47% gain, thus, it rounded up trade at N2.08 from N1.90. JaizBank, UAC-Properties and Neimeth completed the top 5 price percentage gainers’ list with 8.93%, 8.24% and 7.53% respectively.

On the flip side, Wapic led with 5.71% loss, thus it rounded up trade at N0.33 from N0.35. Union Bank followed with 5.66% to close at N5.00 from N5.30Pz-Cussons, May&Baker and FCMB completed the top 5 price percentage losers’ log with 2.38%, 2.33% and 2.27% respectively.

Over the Counter Market Index and Capitalisation both closed down by 0.24% each, thus they closed at point 709.45 and N521.14 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 45.58$/bbl, this is 66Bpts above the previous close price.

The I&E FX Window opened at N386.03 traded as high as N395.13 before rounding up at N386.00, having transacted a total of $58.46 million through the day. Please note that, margin between the close and open value is 9Bpts 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 1st September, 2020 closed at 6.38%, same as 3.23% below the previous closing position. Meanwhile, Open Buy-Back (OBB) rate as at 1st September, 2020 ended at 5.75% that is 3.35% 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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