FeaturedMarket Update

YtD Lost Grounds Dusted, As Nigerian Equities Market Added a Whooping 211Bpts

Soaring further north, equities trading on the floor of The Nigerian Stock Exchange ended the first trading day of the week in the green as the lead index NSEASI added a whooping 211Bpts to close at 27,554.56 from 26,985.77. All observed market sub market indices in this report rounded up the day above their respective openings as shown in the index movement table. Thus, Week to Date, activities index is 211Bpts above opening while the total gained points in the month of September is now 267Bpts. See the index movement table for details.

Please observe that both Market Capitalisation and the All Share Index are now in the green, in other words, the market have now recovered all lost points in the year 2020. Should this position be maintained, long term positions held in the red by the Covid-19 pandemic are likely to start turning green any moment from now. As noted in our previous reports, market is currently enjoying patronage from funds leaving various less yielding capital market instruments to seek for better interest in the stock market. Recall, that the situation was induced mainly by the last MPC Meeting where rate was adjusted in other to create succour the damaging effect of the pandemic, even while the Headline Inflation is looking up.

The total value gained by the Market Capitalization of the listed equities during today’s trading activities was N297.256 billion, same as 211Bpts above the opening value. Meanwhile, trading activities for the day produced 36 ADVANCERS and 10 LAGERS. NSEASI Year to Date gain is now 265Bpts while the Market Capitalization Year to Date gain stood at N1.443 trillion same as 1,114Bpts above the year’s opening value.

Percentage Gains by Glaxo-Smithkline and Red Star Express were the highest today, as they both added 10.00% to their respective previous close and closed at N5.50 and N3.30 from N5.00 and N3.00 respectively. NPFMCRFBK followed on the log with 9.60% gain, thus it rounded up trade at N1.37 from N1.25. African Prudential and Wapic competed the top 5 price percentage gainers’ log with 9.47% and 8.33% respectively.

On the flip side, Tripple Gee led with 10.00% loss from its previous close price, thus it ended the day at N0.36 from N0.40. Oando followed on the list with 8.73% loss that closed its price at N2.09 from N2.29. UAC-Properties, Chams and UBN completed the top 5 price percentage losers’ log with 6.52%, 4.76% and 2.00% respectively.

Over the Counter Market Index and Capitalisation both ended in the red as they both shed 1.02% each, thereby closing at point 726.93 and N533.98 billion respectively. Today’s performance produced one (1) advancer and one (1) decliner. Kindly view today’s price list Here.

As at the time this report was gathered, Brent Crude sells at 41.46$/bbl, this is 558Bpts above the previous close price.

The I&E FX Window opened at N386.63 traded as high as N393.01 before rounding up at N386.00, having transacted a total of $36.24 million through the day. Please note that, margin between the close and open value is 5Bpts 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 2nd October, 2020 closed at 1.56%, same as 0.02% below the previous closing position. Meanwhile, Open Buy-Back (OBB) rate as at 2nd October, 2020 ended at 0.88% that is 0.13% 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

YtD Lost Grounds Dusted, As Nigerian Equities Market Added a Whooping 211Bpts

Soaring further north, equities trading on the floor of The Nigerian Stock Exchange ended the first trading day of the week in the green as the lead index NSEASI added a whooping 211Bpts to close at 27,554.56 from 26,985.77. All observed market sub market indices in this report rounded up the day above their respective openings as shown in the index movement table. Thus, Week to Date, activities index is 211Bpts above opening while the total gained points in the month of September is now 267Bpts. See the index movement table for details.

Please observe that both Market Capitalisation and the All Share Index are now in the green, in other words, the market have now recovered all lost points in the year 2020. Should this position be maintained, long term positions held in the red by the Covid-19 pandemic are likely to start turning green any moment from now. As noted in our previous reports, market is currently enjoying patronage from funds leaving various less yielding capital market instruments to seek for better interest in the stock market. Recall, that the situation was induced mainly by the last MPC Meeting where rate was adjusted in other to create succour the damaging effect of the pandemic, even while the Headline Inflation is looking up.

The total value gained by the Market Capitalization of the listed equities during today’s trading activities was N297.256 billion, same as 211Bpts above the opening value. Meanwhile, trading activities for the day produced 36 ADVANCERS and 10 LAGERS. NSEASI Year to Date gain is now 265Bpts while the Market Capitalization Year to Date gain stood at N1.443 trillion same as 1,114Bpts above the year’s opening value.

Percentage Gains by Glaxo-Smithkline and Red Star Express were the highest today, as they both added 10.00% to their respective previous close and closed at N5.50 and N3.30 from N5.00 and N3.00 respectively. NPFMCRFBK followed on the log with 9.60% gain, thus it rounded up trade at N1.37 from N1.25. African Prudential and Wapic competed the top 5 price percentage gainers’ log with 9.47% and 8.33% respectively.

On the flip side, Tripple Gee led with 10.00% loss from its previous close price, thus it ended the day at N0.36 from N0.40. Oando followed on the list with 8.73% loss that closed its price at N2.09 from N2.29. UAC-Properties, Chams and UBN completed the top 5 price percentage losers’ log with 6.52%, 4.76% and 2.00% respectively.

Over the Counter Market Index and Capitalisation both ended in the red as they both shed 1.02% each, thereby closing at point 726.93 and N533.98 billion respectively. Today’s performance produced one (1) advancer and one (1) decliner. Kindly view today’s price list Here.

As at the time this report was gathered, Brent Crude sells at 41.46$/bbl, this is 558Bpts above the previous close price.

The I&E FX Window opened at N386.63 traded as high as N393.01 before rounding up at N386.00, having transacted a total of $36.24 million through the day. Please note that, margin between the close and open value is 5Bpts 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 2nd October, 2020 closed at 1.56%, same as 0.02% below the previous closing position. Meanwhile, Open Buy-Back (OBB) rate as at 2nd October, 2020 ended at 0.88% that is 0.13% 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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