FeaturedMarket Update

Q3-Earnings Release: Nigerian Stock Market Maintains Positive Territory

Starting up the new week, equities trading on the floor of The Nigerian Stock Exchange ended in the green, as the lead performance pointer, NSEASI added 28Bpts to its trading points and closed at 28,777.36 from 28,697.06. Safe NSE-Consumer Goods and NSE-Insurance Indexes that shed points, other observed market indices in this report gained. Thus, Week to Date, lead index is 28Bpts above the opening while the total gained points in the month of October adjusted down to 723Bpts. See the index movement table for details.

The market have achieved three consecutive positive days after, the violence that preceded the peaceful End-Sars protest. In our opinion, the government seems to be on top of the protest, and this may have re-energised investors’ confidence in the stock market. Further boosting the confidence is the incoming of nine months financial numbers, for example, Stnbic IBTC released its financials today, while the market had earlier received performance indices of African Prudential, UCAP, Lafarge Wapco, Glaxo-Smithkline, CAP Plc and Unilever. We maintained that traders should maintained cautiousness around the market while playing by the third quarter numbers.

The total value gained by the Market Capitalization of the listed equities during today’s trading activities was N42.284 billion, same as 28Bpts above the opening value. Meanwhile, trading activities for the day produced 27 ADVANCERS and 15 LAGERS. NSEASI Year to Date gain is now 721Bpts while the Market Capitalization Year to Date gain stood at N2.083 trillion same as 1,608Bpts above the year’s opening value.

Leading the advancers’ log for the day is Custodian that gained 10.00% to close at N5.50 from N5.00. NPFMCRFBK followed with 9.70% gain as it closed at N1.47 from N1.34. Etranzact, ETI and Lasaco completed the top 5 price percentage gainers’ log with 7.73%, 7.69% and 7.69% respectively.

On the flip side, Morison led with 10.00% loss, thus it rounded up today’s trade at N0.54 from N0.60. CHI Plc followed closely on the log with 8.82% that closed its price at N0.31 from N0.34. Nascon, Wapic and Livestock Feeds completed the top five price percentage gainers list for the day with 8.39%, 7.50% and 7.46%loss respectively.

Over the Counter Market Index and Capitalisation ended in the green, thus, rounded up at 736.75 and N541.19 billion respectively. Today’s performance produced one (1) advancer and zero (0) decliner. Kindly view today’s price list Here.

As at the time this report was gathered, Brent Crude sells at 40.41$/bbl, this is 326Bpts below the previous close price.

The I&E FX Window opened at N386.29 traded as high as N393.11 before rounding up at N386.00, having transacted a total of $37.23 million through the day. Please note that, margin between the close and open value is 0Bpts above. 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 26th October, 2020 closed at 6.25%, same as 3.50% below the previous closing position. Meanwhile, Open Buy-Back (OBB) rate as at 21st October, 2020 ended at 6.00% that is 3.00% 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

Q3-Earnings Release: Nigerian Stock Market Maintains Positive Territory

Starting up the new week, equities trading on the floor of The Nigerian Stock Exchange ended in the green, as the lead performance pointer, NSEASI added 28Bpts to its trading points and closed at 28,777.36 from 28,697.06. Safe NSE-Consumer Goods and NSE-Insurance Indexes that shed points, other observed market indices in this report gained. Thus, Week to Date, lead index is 28Bpts above the opening while the total gained points in the month of October adjusted down to 723Bpts. See the index movement table for details.

The market have achieved three consecutive positive days after, the violence that preceded the peaceful End-Sars protest. In our opinion, the government seems to be on top of the protest, and this may have re-energised investors’ confidence in the stock market. Further boosting the confidence is the incoming of nine months financial numbers, for example, Stnbic IBTC released its financials today, while the market had earlier received performance indices of African Prudential, UCAP, Lafarge Wapco, Glaxo-Smithkline, CAP Plc and Unilever. We maintained that traders should maintained cautiousness around the market while playing by the third quarter numbers.

The total value gained by the Market Capitalization of the listed equities during today’s trading activities was N42.284 billion, same as 28Bpts above the opening value. Meanwhile, trading activities for the day produced 27 ADVANCERS and 15 LAGERS. NSEASI Year to Date gain is now 721Bpts while the Market Capitalization Year to Date gain stood at N2.083 trillion same as 1,608Bpts above the year’s opening value.

Leading the advancers’ log for the day is Custodian that gained 10.00% to close at N5.50 from N5.00. NPFMCRFBK followed with 9.70% gain as it closed at N1.47 from N1.34. Etranzact, ETI and Lasaco completed the top 5 price percentage gainers’ log with 7.73%, 7.69% and 7.69% respectively.

On the flip side, Morison led with 10.00% loss, thus it rounded up today’s trade at N0.54 from N0.60. CHI Plc followed closely on the log with 8.82% that closed its price at N0.31 from N0.34. Nascon, Wapic and Livestock Feeds completed the top five price percentage gainers list for the day with 8.39%, 7.50% and 7.46%loss respectively.

Over the Counter Market Index and Capitalisation ended in the green, thus, rounded up at 736.75 and N541.19 billion respectively. Today’s performance produced one (1) advancer and zero (0) decliner. Kindly view today’s price list Here.

As at the time this report was gathered, Brent Crude sells at 40.41$/bbl, this is 326Bpts below the previous close price.

The I&E FX Window opened at N386.29 traded as high as N393.11 before rounding up at N386.00, having transacted a total of $37.23 million through the day. Please note that, margin between the close and open value is 0Bpts above. 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 26th October, 2020 closed at 6.25%, same as 3.50% below the previous closing position. Meanwhile, Open Buy-Back (OBB) rate as at 21st October, 2020 ended at 6.00% that is 3.00% 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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