31 Stocks Push The Nigerian Bourse To 0.88% Loss

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The Equity Market today shed 0.88% sustaining yesterday’s negative sentiments. The downtrend was driven by decline in 31 stocks. Market breadth closed negative, recording 19 gainers against 31 losers.

NSE Trading Floor

In summary, the All Share Index (ASI) was down by 304.15 absolute points, representing an decrease of 0.88%, closing at 34,110.22 points. Similarly, the Market Capitalization was down by N1101.04 billion, representing an decrease of 0.88%, closing at N12.45 trillion.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; ETERNA (-9.42%), UNILEVER (-6.40%), GUARANTY (-4.64%), STANBIC (-4.26%), FCMB (-3.23%), INTBREW (-3.03%), DIAMONBANK (-2.38%), ZENITHBANK (-2.10%), HONEYFLOUR (-1.89%), ACCESS (-1.63%), DANGLOUR (-1.26%), NB (-0.53%)  and ETI (-0.26%).

 

FOREIGN EXCHANGE

The Naira at the inter-bank rate closed unchanged at N306.20 against yesterday’s closing price.

The Investors and Exporters (I&E) FX window opened at N362.40, traded high at N364.00 and eventually closed at N362.73, representing 0.09% depreciation against yesterday’s closing price. A total of $408.08 million was transacted through the I&E window today.

We expect the FX Market to trade within existing range in the next session.

 

MONEY MARKET

Overnight (O/N) rate closed at 3.83%, representing a 0.17% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate  closed  at 3.00% representing a 0.17% depreciation against yesterday’s closing position.

We expect the Money Market to trade within existing range in the next session.

 

Sector Performance

Sector %    Change
NSE30 -1.15
BANKING -2.49
CONGLOMERATE -1.74
CONSUMER GOODS -1.06
INDUSTRIAL 0.38
INSURANCE -0.21
LOTUS ISLAMIC -0.38
OIL/GAS 0.15

 

Top 7 Gainers                                                       Number of Gainers (19)

Company Pclose Open Close Change % Change
AGLEVENT 0.40 0.40 0.44 0.04 10.00
FIDSON 5.50 5.50 6.00 0.50 9.09
SOVRENINS 0.23 0.23 0.25 0.02 8.70
ROYALEX 0.24 0.24 0.26 0.02 8.33
UNITYBNK 0.74 0.74 0.79 0.05 6.76
CONTINSURE 1.50 1.50 1.60 0.10 6.67
LASACO 0.31 0.31 0.33 0.02 6.45

 

Top 7 Losers                                                         Number of Losers (31)

Company Pclose Open Close Change % Change
WAPIC 0.40 0.40 0.36 -0.04 -10.00
ETERNA 6.90 6.90 6.25 -0.65 -9.42
LAWUNION 0.66 0.66 0.60 -0.06 -9.09
STDINSURE 0.35 0.35 0.32 -0.03 -8.57
UNILEVER 50.00 50.00 46.80 -3.20 -6.40
AIICO 0.90 0.90 0.85 -0.05 -5.56
GUARANTY 36.65 36.65 34.95 -1.70 -4.64

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
GUARANTY                       23,875,389.00                 860,172,955.55 34.95
UBA                       15,166,786.00                 120,895,545.00 7.90
SKYEBANK                       11,678,938.00                     6,154,750.02 0.53
JAIZBANK                       11,111,500.00                     5,778,887.58 0.52
FBNH                       10,939,204.00                   98,171,506.65 9.00
ZENITHBANK                         9,909,093.00                 210,110,126.20 21.00
TRANSCORP                         8,233,250.00                   10,314,364.54 1.22

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                       23,875,389.00                 860,172,955.55 34.95
STANBIC                         5,261,502.00                 236,176,567.60 45.00
ZENITHBANK                         9,909,093.00                 210,110,126.20 21.00
UBA                       15,166,786.00                 120,895,545.00 7.90
FBNH                       10,939,204.00                   98,171,506.65 9.00
INTBREW                         2,997,280.00                   95,884,104.45 32.00
GUINNESS                            978,178.00                   86,074,585.70 88.00

 

 

 

 

 

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