FeaturedMarket Update

Q3 Numbers; Nigerian Equities Market, Posted Quick Recovery, Adds 83Bpts

In a quick recovery from profit taking pressure, equities trading on the floor of The Nigerian Stock Exchange ended in the positive territory, as the lead performance pointer, NSEASI added 83Bpts to its trading points and closed at 30,733.47 from 30,479.39. Safe NSE-Consumer Goods and NSE-Banking Index that shed points, other observed market indices in this report gained. Thus, both the Week and Month to Date returns is 66Bpts above the opening point. See the index movement table for details.

The market seems to have gathered positive momentum from investors reaction to third quarter earnings reports, and smart funds searching for capital appreciation/higher investment returns. Please understand that good numbers of equities listed in the banking sub-sector are yet to release their respective nine months numbers. On this ground, we expect market upbeat to continue through the month of November.

The total value gained by the Market Capitalization of the listed equities during today’s trading activities was N132.801 billion, same as 83Bpts below the opening value. Meanwhile, trading activities for the day produced 24 ADVANCERS and 18 LAGERS. NSEASI Year to Date gain is now 1,450Bpts while the Market Capitalization Year to Date gain stood at N3.105 trillion same as 2,397Bpts above the year’s opening value.

Leading the advancers’ log for the day is Wapic that gained 10.00% and rounded up trade at N0.44 from N0.40. ABC-Transport followed on the log with 9.68% as it closed at N0.34 from N0.31. CAP Plc, Japaul Oil and Oando completed the top 5 price percentage gainers list with 9.58%, 9.52% and 7.00% respectively.

On the flip side, NPCMRFBK led with 8.82% loss, thus it rounded up today’s trade at N1.55 from N1.70. Custodian followed closely on the log with 7.44% that closed its price at N5.60 from N6.05. AIICO, Learn Africa and Cornerstone Insurance completed the top five price percentage gainers list for the day with 4.60%, 4.55% and 3.33% loss respectively.

Over the Counter Market Index and Capitalisation ended in the red, thus, rounded up at 714.89 and N525.14 billion respectively. Today’s performance produced zero (0) advancer and one (1) decliner. Kindly view today’s price list Here.

As at the time this report was gathered, Brent Crude sells at 40.24$/bbl, this is 53Bpts above the previous close price.

The I&E FX Window opened at N386.00 traded as high as N393.89 before rounding up at N386.00, having transacted a total of $231.35 million through the day. Please note that, margin between the close and open value is 10Bpts 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 0.83%, same as 0.17% below the previous closing position. Meanwhile, Open Buy-Back (OBB) rate as at ended at 0.50% that is 0.25% 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 Numbers; Nigerian Equities Market, Posted Quick Recovery, Adds 83Bpts

In a quick recovery from profit taking pressure, equities trading on the floor of The Nigerian Stock Exchange ended in the positive territory, as the lead performance pointer, NSEASI added 83Bpts to its trading points and closed at 30,733.47 from 30,479.39. Safe NSE-Consumer Goods and NSE-Banking Index that shed points, other observed market indices in this report gained. Thus, both the Week and Month to Date returns is 66Bpts above the opening point. See the index movement table for details.

The market seems to have gathered positive momentum from investors reaction to third quarter earnings reports, and smart funds searching for capital appreciation/higher investment returns. Please understand that good numbers of equities listed in the banking sub-sector are yet to release their respective nine months numbers. On this ground, we expect market upbeat to continue through the month of November.

The total value gained by the Market Capitalization of the listed equities during today’s trading activities was N132.801 billion, same as 83Bpts below the opening value. Meanwhile, trading activities for the day produced 24 ADVANCERS and 18 LAGERS. NSEASI Year to Date gain is now 1,450Bpts while the Market Capitalization Year to Date gain stood at N3.105 trillion same as 2,397Bpts above the year’s opening value.

Leading the advancers’ log for the day is Wapic that gained 10.00% and rounded up trade at N0.44 from N0.40. ABC-Transport followed on the log with 9.68% as it closed at N0.34 from N0.31. CAP Plc, Japaul Oil and Oando completed the top 5 price percentage gainers list with 9.58%, 9.52% and 7.00% respectively.

On the flip side, NPCMRFBK led with 8.82% loss, thus it rounded up today’s trade at N1.55 from N1.70. Custodian followed closely on the log with 7.44% that closed its price at N5.60 from N6.05. AIICO, Learn Africa and Cornerstone Insurance completed the top five price percentage gainers list for the day with 4.60%, 4.55% and 3.33% loss respectively.

Over the Counter Market Index and Capitalisation ended in the red, thus, rounded up at 714.89 and N525.14 billion respectively. Today’s performance produced zero (0) advancer and one (1) decliner. Kindly view today’s price list Here.

As at the time this report was gathered, Brent Crude sells at 40.24$/bbl, this is 53Bpts above the previous close price.

The I&E FX Window opened at N386.00 traded as high as N393.89 before rounding up at N386.00, having transacted a total of $231.35 million through the day. Please note that, margin between the close and open value is 10Bpts 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 0.83%, same as 0.17% below the previous closing position. Meanwhile, Open Buy-Back (OBB) rate as at ended at 0.50% that is 0.25% 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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