ACCESS, NESTLE & 15 others drags equity market lower, shed 1.27%

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Activities on the Nigerian bourse today (Monday) closed on a negative note, further receding by 1.27%, extending the negative sentiment to three consecutive trading days. The downturn was buoyed by persistent sell pressure on some blue-chip stocks like ACCESS, NESTLE, BUACEMENT and 14 other. Consequently, the market breadth closed on a negatively, recording 17 losers as against 14 gainers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 310.07 absolute points, representing a dip of 1.27% to close at 24,026.05 points. Similarly, the overall Market Capitalization size shed N161.75 billion, representing a contraction of 1.27% to close at N12.53 trillion.

CORNERST & NAHCO emerged as the top gainers while BETAGLAS emerged as the top loser.

The downturn was impacted by losses recorded in large and medium capitalized stocks, amongst which are; NESTLE (-6.51%), BUACEMENT (-5.00%), ACCESS (-2.36%), and OANDO (-0.44%).

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MARKET STATISTICS

CAP N12,533,410,160,572.70 One Day (ASI CHG) -1.27%
Index 24,026.05 One Week (ASI CHG) -3.35%
Volume 189,691,053 One Month (ASI CHG) -3.96%
Value N2,784,783,904.01 Six Months (ASI CHG) -12.12%
Deals 4,216 52 Weeks (ASI CHG) -18.00%
Gainers 14 Losers 17
Unchanged 58 Total 89
YTD -10.49%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Monday closed unchanged at 361.00/$1, against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N387.00, traded high at N391.45, and eventually closed at N386.50, representing a 0.13% depreciation against the previous day’s closing position. A total of $10.15 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 21.00%, representing a 2.50% depreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 19.60%, representing a 1.90% depreciation against the previous day’s position.

 

FIXED INCOME
Securities Close P. Close Change
Bond 350.59 355.62 -5.03 bps
T.Bills 231.60 214.11 -0.51 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

 The NASD OTC market today (Monday) closed unchanged, as the Unlisted Securities Index (USI) closed at 716.96, against the previous day’s closing position. Similarly, Market Capitalization closed at N526.65 billion, unchanged against the previous day’s closing position. However, the aggregate volume and aggregated value decreased by 90.73% and 55.28% respectively, as investors traded a total of 10.600 shares, worth N1.25 million in 3 deal.

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Sector Performance

Sector % Change
NSE30 -1.21
BANKING 1.51
CONSUMER GOODS -3.18
INDUSTRIAL -2.35
INSURANCE 1.05
LOTUS ISLAMIC -1.08
OIL/GAS -0.04

 

Top 7 Gainers

Company Pclose Open Close Change % Change
CORNERST 0.50 0.50 0.55 0.05 10.00
NAHCO 2.00 2.00 2.20 0.20 10.00
ZENITHBANK 15.25 15.25 16.05 0.80 5.25
FLOURMILL 17.60 17.60 18.50 0.90 5.11
REGALINS 0.21 0.22 0.22 0.01 4.76
AIICO 0.86 0.86 0.90 0.04 4.65
CHAMS 0.22 0.22 0.23 0.01 4.55

 

Top 7 Losers

Company Pclose Open Close Change % Change
BETAGLAS 68.35 68.35 61.55 -6.80 -9.95
JBERGER 18.35 18.35 16.55 -1.80 -9.81
LIVESTOCK 0.62 0.62 0.56 -0.06 -9.68
UNITYBNK 0.52 0.52 0.47 -0.05 -9.62
PRESTIGE 0.52 0.52 0.47 -0.05 -9.62
CILEASING 4.15 4.15 3.80 -0.35 -8.43
NESTLE 1256.80 1256.80 1175.00 -81.80 -6.51

 

Top 7 Traders By VolumeTop

Company Volume Value(₦) Current Price
GUARANTY                            60,468,939                   1,275,635,200 21.00
ACCESS                            25,335,255                      161,348,434 6.20
UBA                              8,778,376                        53,215,005 6.05
FBNH                              8,497,984                        42,748,839 5.05
ZENITHBANK                              7,996,377                      125,817,723 16.05
FIDELITYBK                              7,750,246                        13,104,707 1.67
CORNERST                              7,517,505                          3,940,878 0.55

 

7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                            60,468,939              1,275,635,200.20 21.00
NESTLE                                 318,578                 374,053,912.50 1175.00
SEPLAT                                 486,252                 168,923,944.80 386.00
ACCESS                            25,335,255                 161,348,434.40 6.20
DANGCEM                              1,145,727                 142,737,262.10 127.00
ZENITHBANK                              7,996,377                 125,817,722.70 16.05
BUACEMENT                              3,106,481                 124,858,171.35 39.90

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