The Nigerian equity market gained 0.28% to settle at
50,722.33 points. Accordingly, the Year-To-Date (YTD) return of the market
stood at 18.7%. Across market indices under our purview, performance was
largely bullish as four indices gained while the Insurance index declined by
0.4%.The Consumer Goods and Oil and Gas indices gained 1.52% and 0.37%
respectively. Also the Industrial Goods and Banking indices gained 0.35% and
0.06% respectively.
Top gainers in today's trading session were led by
ETERNA (+10.0%), MULTIVERSE (+9.9%) and JAPAULGOLD (+9.6%), while UNILEVER
(-10.0%), SKYAVN (-8.7%) and GUINNESS (-8.3%) emerged as today's biggest
losers.
For today's trading activities, the total volume and
value traded gained 14.1% and 18.7% to 148.8mn to ₦1.9bn respectively.
HONYFLOUR, GTCO and FBNH led the volume chart with 22.0mn units, 21.6mn units,
and 11.3mn units respectively. On the other hand, GTCO, ZENITHBANK, and MTNN
led the value chart by ₦445.6mn, ₦223.1mn and ₦172.4mn respectively.
The graph depicts the revenue, gross profit, and
profit after tax (net profit) for the top gainers in today's trading session
from 2017 to 2021. This foundation from the previous year served as a sufficient
springboard to maintain their Q3 revenue base throughout the years under
consideration.
Daily
Currency Updates
On daily currency update, I&E and the parallel
market's prices closed at ₦428.12/US$1.00 and ₦660.00/US$1.00 respectively. The
current P2P Forex market price is ₦655.20/US$1.00. Nigeria's external reserves
closed at US$39.07bn.
Weekly Recap
The local bourse experienced bearish performance
during the course of the week as only two trading days; August 2nd and 5th,
closed in green while the other trading days closed in red. This week, the
equities market closed at 50,722.33 points as against opening at 50,582.30
points, with Week-to-Date (WTD), Month-to-Date (MTD), and Year-to-Date (YTD)
closing at 0.7%, 0.7%, and 18.7% respectively. Investors earned N196 billion in
profit during the review of this trading week, primarily because of gains in
Consumer Goods (+3.0%), Banking(+2.6%), and Oil & Gas (+0.6%) sectors as
seen in WTD. Industrial Goods (-5.7%) and Insurance (-0.4%) sectors closed in
red on WTD.
Substantially, findings reveal the opening and closing
values of the following sectors; Banking index (387.93open – 388.17close),
Insurance index (167.10open – 166.43close), Consumer Goods index (581.63open –
590.49close), Oil and Gas index (557.54open – 559.60close), and Industrial
Goods index (1,936.68open – 1,943.55close). Furthermore, the percentage change
for these indices under our purview are Banking and Consumer Goods (-0.1%,
+0.2%; +0.6%, +1.1%; -0.3%, +0.4%; +2.1%, +0.1%; +0.06%,+1.5%), while the
others are depicted in the attached document.
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