ASI Nosedived to a New Sixteen Month Low, Post 3.46% Loss.

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The Equity Market closed  lower today, shedding 3.46% and extend downtrend to six consecutive trading sessions. Market breadth closed negative, recording 10 gainers against 37 losers.

 

NSE Trading Floor

In summary, the All Share Index (ASI) was down by 1156.38 absolute points, representing an decrease of 3.46%, closing at 32,292.79 points. Similarly, the Market Capitalization was down by N422.17 billion, representing an decrease of 3.46%, closing at N11.79 trillion.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; CCNN (-9.87%), FIDELITY (-9.58%), ACCESS (-8.57%), HONEYFLOUR (-8.55%), FBNH (-7.95%), FLOURMILL (-7.91%), CADBURY (-6.47%), DANGCEM (-5.83%), UBA (-2.76%)  and ZENITHBANK (-1.01%).

 

FOREIGN EXCHANGE

The Naira at the inter-bank rate closed unchanged at N306.25 against yesterday’s closing price.

The Investors and Exporters (I&E) FX window opened at N362.71, traded high at N365.00 and eventually closed at N363.10, representing 0.01% depreciation against yesterday’s closing price. A total of $220.61 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 8.92%, representing a 1.67% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate  closed  at 8.33% representing a 2.00% appreciation against yesterday’s closing position.

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

Sector Performance

Sector %    Change
NSE30 -3.31
BANKING -2.83
CONGLOMERATE -3.11
CONSUMER GOODS -1.57
INDUSTRIAL -3.91
INSURANCE -1.41
LOTUS ISLAMIC -2.35
OIL/GAS 0.40

 

Top 7 Gainers                                                           Number of Gainers (10)

Company Pclose Open Close Change % Change
LAWUNION 0.55 0.55 0.60 0.05 9.09
SKYEBANK 0.56 0.56 0.61 0.05 8.93
JAIZBANK 0.50 0.50 0.53 0.03 6.00
WEMABANK 0.57 0.57 0.60 0.03 5.26
JAPAULOIL 0.22 0.22 0.23 0.01 4.55
FO 18.10 18.10 18.90 0.80 4.42
UCAP 2.74 2.74 2.80 0.06 2.19

 

Top 7 Losers                                                              Number of Losers (37)

Company Pclose Open Close Change % Change
UNIVINSURE 0.30 0.30 0.27 -0.03 -10.00
CCNN 30.90 30.90 27.85 -3.05 -9.87
FIDELITYBK 1.67 1.67 1.51 -0.16 -9.58
LASACO 0.33 0.33 0.30 -0.03 -9.09
STANBIC 45.00 45.00 41.00 -4.00 -8.89
DIAMONDBNK 1.35 1.35 1.23 -0.12 -8.89
ACCESS 8.75 8.75 8.00 -0.75 -8.57

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
ACCESS                       46,154,893.00                 368,780,305.60 8.00
FBNH                       22,604,387.00                 194,230,458.40 8.10
TRANSCORP                       19,674,246.00                   22,160,849.38 1.08
DANGCEM                       18,704,802.00              3,928,426,798.10 210.00
ZENITHBANK                       16,947,596.00                 334,241,636.20 19.70
GUARANTY                       16,053,404.00                 519,244,735.35 32.60
STERLNBANK                       10,656,969.00                   15,177,026.03 1.45

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
DANGCEM                       18,704,802.00              3,928,426,798.10 210.00
NESTLE                            521,819.00                 748,038,009.30 1479.00
GUARANTY                       16,053,404.00                 519,244,735.35 32.60
ACCESS                       46,154,893.00                 368,780,305.60 8.00
ZENITHBANK                       16,947,596.00                 334,241,636.20 19.70
INTBREW                         8,079,136.00                 232,905,758.10 32.00
FBNH                       22,604,387.00                 194,230,458.40 8.10

 

 

 

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