19 stocks declined market performance by 0.17%
After inaugural holiday, the equity market recorded a 0.17% decline as president Muhammadu Buhari resumed the second term in office. The lull in the market was driven by the banking sector and 4 others. Market breadth closed positive, recording 20 gainers and 19 losers.
NSE Trading Floor
The All Share Index (ASI) lost 52.81 absolute points, representing a decline of 0.17% to close at 31,254.19 points. Similarly, Market Capitalization shed by N23.26 billion, representing a dip of 0.17% to close at N13.77 trillion.
LIVESTOCK emerged the top gainer while JAPAULOIL emerged as top loser.
The downturn was impacted by losses recorded in large and medium capitalized stocks, amongst which are; BERGER (-9.52%), UNILEVER (-8.01%), ETI (-7.85%), FO (-3.93%), DANGFLOUR (-3.61%), FBNH (-3.38%), GUARANTY (-3.03%), ZENITHBANK (-1.91%), ACCESS (-1.57%), DANGCEM (-0.89%), and DANGSUGAR (-0.37%).
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MARKET STATISTICS
| CAP | N13,766,023,122,036.68 | One Day (ASI CHG) | -0.17% |
| Index | 31,254.19 | One Week (ASI CHG) | -0.71% |
| Volume | 376,802,134 | One Month (ASI CHG) | +7.18% |
| Value | N5,891,866,401.43 | Six Months (ASI CHG) | +1.23% |
| Deals | 4,549 | 52 Weeks (ASI CHG) | -19.04% |
| Gainers | 20 | Losers | 19 |
| Unchanged | 65 | Total | 104 |
| YTD Returns | -0.56% |
Source: NSE, GTI Research
FOREIGN EXCHANGE
The Naira exchange rate at the official window remain unchanged at N306.95/$1 against Tuesday’s position.
The Investors and Exporters (I&E) FX window opened at N360.30, traded high at N361.50 and eventually closed at N360.72 representing a 0.02% depreciation against Tuesday’s closing position. A total of $88.43 million was transacted through the I&E window today.
MONEY MARKET
Overnight(O/N) rate closed at 6.50%, representing a 6.93% depreciation against Tuesday’s closing position, while Open Buy-Back (OBB) rate closed at 5.86%, representing a 6.14% depreciation against Tuesday’s closing position.
| FIXED INCOME | |||
| Securities | P. Close | Close | Change |
| Bond | 955.53 | 956.54 | +1.01 bps |
| T.Bills | 511.08 | 508.21 | -2.87 bps |
| Note: BPS=> Basis Points |
Source: FMDQ, GTI Research
NASD OTC MARKET
The NASD market remain unchanged as the Unlisted Securities Index (USI) closed at 751.91 points against Friday’s index. The Market Capitalization also remain unchanged, closing at N540.20 billion. Market activities measured by aggregate volume and value grew by 57.99% and 64.03% respectively. Investors traded a total of 13,358 units of shares valued at N621.05 thousand in 12 deals.
Sector Performance
| Sector | % Change |
| NSE30 | -0.92 |
| BANKING | -1.93 |
| CONSUMER GOODS | -0.58 |
| INDUSTRIAL | -0.04 |
| INSURANCE | -0.14 |
| LOTUS ISLAMIC | -0.76 |
| OIL/GAS | -0.32 |
Top 7 Gainers
| Company | Pclose | Open | Close | Change | % Change |
| LIVESTOCK | 0.54 | 0.54 | 0.59 | 0.05 | 9.26 |
| LAWUNION | 0.44 | 0.44 | 0.48 | 0.04 | 9.09 |
| STERLNBANK | 2.07 | 2.07 | 2.25 | 0.18 | 8.70 |
| NAHCO | 3.18 | 3.18 | 3.40 | 0.22 | 6.92 |
| WEMABANK | 0.62 | 0.62 | 0.66 | 0.04 | 6.45 |
| UBA | 6.25 | 6.25 | 6.60 | 0.35 | 5.60 |
| CHAMS | 0.36 | 0.36 | 0.38 | 0.02 | 5.56 |
Top 7 Losers
| Company | Pclose | Open | Close | Change | % Change |
| JAPAULOIL | 0.30 | 0.30 | 0.27 | -0.03 | -10.00 |
| BERGER | 7.35 | 7.35 | 6.65 | -0.70 | -9.52 |
| UNILEVER | 33.70 | 33.70 | 31.00 | -2.70 | -8.01 |
| SOVRENINS | 0.25 | 0.25 | 0.23 | -0.02 | -8.00 |
| ETI | 12.10 | 12.10 | 11.15 | -0.95 | -7.85 |
| AIICO | 0.68 | 0.68 | 0.65 | -0.03 | -4.41 |
| JAIZBANK | 0.48 | 0.48 | 0.46 | -0.02 | -4.17 |
Top 7 Traders By Volume
| Company | Volume | Value(₦) | Current Price |
| UNIONDAC | 43,362,474 | 10,407,463 | 0.24 |
| UBA | 42,607,015 | 280,200,653 | 6.60 |
| ZENITHBANK | 39,114,067 | 803,810,340 | 20.55 |
| ACCESS | 34,378,742 | 220,110,563 | 6.25 |
| LAWUNION | 29,577,142 | 14,197,028 | 0.48 |
| STERLNBANK | 24,737,099 | 51,226,817 | 2.25 |
| FBNH | 23,366,480 | 168,089,034 | 7.15 |
Top 7 Traders By Value
| Company | Volume | Value(₦) | Current Price |
| MTNN | 21,279,372 | 2,860,171,297.75 | 136.00 |
| ZENITHBANK | 39,114,067 | 803,810,339.80 | 20.55 |
| NESTLE | 289,384 | 420,461,645.20 | 1454.50 |
| GUARANTY | 9,014,094 | 289,294,429.35 | 32.00 |
| UBA | 42,607,015 | 280,200,653.25 | 6.60 |
| ACCESS | 34,378,742 | 220,110,563.20 | 6.25 |
| FBNH | 23,366,480 | 168,089,033.80 | 7.15 |
