FeaturedMarket Update

NSEASI Rides Further on the Wings of Earnings Season, Adds 19Bpts

Riding further on the wings of half year earnings season, equities trading on the floor of The Nigerian Stock Exchange ended in the green, as the lead performance pointer, NSEASI added 19Bpts to its trading points and closed at 24,930.34 from 24,882.04. It was a mixed performance amongst the observed market indices in this report. Thus Week to Date, activities index is 96Bpts above the opening while the total gained points in the month of August is now 96Bpts. See the index movement table for details.

Market excitement is mainly 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 N46.761 billion, same as 19Bpts above the opening value. Meanwhile, trading activities for the day produced 20 ADVANCERS and 10 LAGERS. NSEASI Year to Date loss is now 712Bpts while the Market Capitalization Year to Date gain stood at N46.761 billion same as 36Bpts above the year’s opening value.

Leading on the gainers’ log is Seplat with 9.03% gain that closed its price at N350.00 from N321.00. Fidson Healthcare followed in the log with 8.57% gain, thus it rounded up trade at N3.42 from N3.15. Stanbic Ibtc, Eterna and UAC-Properties completed the top 5 price percentage gainers’ log with 4.76%, 4.40% and 4.35% respectively.

On the flip side, Union Bank led with 7.41% loss, thus it rounded up trade at N5.00 from N5.40. Learn Africa followed with 6.93% to close at N0.94 from N1.01. Linkage Assurance, Japaul Oil and May&Baker completed the top 5 price percentage losers’ log with 5.00%, 4.55% and 3.45% respectively.

Over the Counter Market Index and Capitalisation both ended in the green territory, having gained 0.57% each to close at point 706.07 and N518.65 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 41.15$/bbl, this is 4Bpts below the previous close price.

The I&E FX Window opened at N386.88 traded as high as N393.05 before rounding up at N385.50, having transacted a total of $106.66 million through the day. Please note that, margin between the close and open value is 96Bpts 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 closed at 8.64%, same as 0.69% below the previous closing position. Meanwhile, Open Buy-Back (OBB) rate ended at 8.00% 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.

 

Comment here

FeaturedMarket Update

NSEASI Rides Further on the Wings of Earnings Season, Adds 19Bpts

Riding further on the wings of half year earnings season, equities trading on the floor of The Nigerian Stock Exchange ended in the green, as the lead performance pointer, NSEASI added 19Bpts to its trading points and closed at 24,930.34 from 24,882.04. It was a mixed performance amongst the observed market indices in this report. Thus Week to Date, activities index is 96Bpts above the opening while the total gained points in the month of August is now 96Bpts. See the index movement table for details.

Market excitement is mainly 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 N46.761 billion, same as 19Bpts above the opening value. Meanwhile, trading activities for the day produced 20 ADVANCERS and 10 LAGERS. NSEASI Year to Date loss is now 712Bpts while the Market Capitalization Year to Date gain stood at N46.761 billion same as 36Bpts above the year’s opening value.

Leading on the gainers’ log is Seplat with 9.03% gain that closed its price at N350.00 from N321.00. Fidson Healthcare followed in the log with 8.57% gain, thus it rounded up trade at N3.42 from N3.15. Stanbic Ibtc, Eterna and UAC-Properties completed the top 5 price percentage gainers’ log with 4.76%, 4.40% and 4.35% respectively.

On the flip side, Union Bank led with 7.41% loss, thus it rounded up trade at N5.00 from N5.40. Learn Africa followed with 6.93% to close at N0.94 from N1.01. Linkage Assurance, Japaul Oil and May&Baker completed the top 5 price percentage losers’ log with 5.00%, 4.55% and 3.45% respectively.

Over the Counter Market Index and Capitalisation both ended in the green territory, having gained 0.57% each to close at point 706.07 and N518.65 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 41.15$/bbl, this is 4Bpts below the previous close price.

The I&E FX Window opened at N386.88 traded as high as N393.05 before rounding up at N385.50, having transacted a total of $106.66 million through the day. Please note that, margin between the close and open value is 96Bpts 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 closed at 8.64%, same as 0.69% below the previous closing position. Meanwhile, Open Buy-Back (OBB) rate ended at 8.00% 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.

 

Comment here