Banking Sector Stocks Drags the NSE-ASI Down By 1.80%
The Nigeria Equity Market, today (Tuesday) closed on a negative note, reversing the previous day positive sentiment, as the Market Performance indices (NSE-ASI and Market Cap.) declined by 1.80%. The sell-off was majorly buoyed by price depreciation in the banking sector. Consequently, the market breadth closed negatively, recording 26 losers against 14 gainers.
NSE Trading Floor
In summary, the All-Share Index (ASI) dipped by 709.72 absolute points, representing a decrease of 1.80% to close at 38,686.85 points. While the overall Market Capitalization value lost N371.33 billion, representing a decline of 1.80% to close at N20.24 trillion.
ETERNA and UBA emerged as the joint-top losers (by percentage points) for today, with a price depreciation of -10.00%, while CHAMPION emerged as the top gainer with a price appreciation of +9.78%.
Today’s market lost was driven by price depreciation in large and medium capitalized stocks amongst which are; UBA (-10.00%), STERLNBANK(-8.81%), INTBREW(-8.26%), WAPCO(-7.95%), MTNN(-5.88%), JBERGER(-5.85%), ACCESS(-3.13%), UAC-PROP(-2.50%), ZENITHBANK(-2.03%), JAPAULGOLD(-2.00%), FBNH(-0.70%), and GUARANTY(-0.16%).
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MARKET STATISTICS
CAP | N20,241,150,095,252.79 | One Day (ASI CHG) | -1.80% |
Index | 38,686.85 | One Week (ASI CHG) | -2.55% |
Volume | 489,982,600 | One Month (ASI CHG) | -6.92% |
Value | N6,650,079,861.42 | Six Months (ASI CHG) | +51.73% |
Deals | 4,616 | 52 Weeks (ASI CHG) | +47.21% |
Gainers | 14 | Losers | 26 |
Unchanged | 63 | Total | 103 |
YTD Returns | -3.93% |
Source: NSE, GTI Research
FOREIGN EXCHANGE
The Naira at the official rate remains unchanged to close at N379.00/$1 as against Friday’s position.
The Investors and Exporters (I&E) FX window opened at N410.91 traded high at N412.00 and eventually closed at N412.00, representing 0.03% depreciation against yesterday’s position. A total of $32.58 million was transacted through the I&E window today.
MONEY MARKET
Overnight(O/N) rate closed at 11.50%, representing a 0.25% depreciation against yesterday’s position, while Open Buy-Back (OBB) rate closed at 10.25%, representing a 1.25% depreciation as against yesterday’s position.
Sector Performance
Security | % Change |
NSE30 | -2.27 |
NSEBNK | -5.30 |
NSECNSMRGDS | 0.39 |
NSEINDUSTR | -0.52 |
NSEINS | -0.63 |
NSELOTUSISLM | -1.60 |
NSEOILGAS | -0.15 |
Top 7 Gainers
Security | Previous Close | Open Price | Close Price | Change Price | % Change |
CHAMPION | 1.84 | 1.84 | 2.02 | 0.18 | 9.78 |
NEIMETH | 1.75 | 1.75 | 1.92 | 0.17 | 9.71 |
CUTIX | 1.81 | 1.81 | 1.97 | 0.16 | 8.84 |
DANGSUGAR | 16.9 | 16.9 | 18.25 | 1.35 | 7.99 |
NASCON | 13 | 13 | 14 | 1.00 | 7.69 |
ABCTRANS | 0.28 | 0.28 | 0.3 | 0.02 | 7.14 |
MBENEFIT | 0.37 | 0.37 | 0.39 | 0.02 | 5.41 |
Top 7 Losers
Security | Previous Close | Open Price | Close Price | Change Price | % Change |
UBA | 8 | 7.2 | 7.2 | -0.80 | -10.00 |
ETERNA | 5.7 | 5.7 | 5.13 | -0.57 | -10.00 |
CAVERTON | 1.99 | 1.99 | 1.8 | -0.19 | -9.55 |
NNFM | 6.3 | 6.3 | 5.7 | -0.60 | -9.52 |
VANLEER | 7.4 | 7.4 | 6.7 | -0.70 | -9.46 |
UPDCREIT | 5.6 | 5.6 | 5.1 | -0.50 | -8.93 |
MEYER | 0.45 | 0.45 | 0.41 | -0.04 | -8.89 |
Top 7 Traders By Volume
Security | Daily Volume | Daily Value | Close Price |
UBA | 123,271,501 | 887,626,400.15 | 7.20 |
MBENEFIT | 58,036,387 | 23,185,327.80 | 0.39 |
FBNH | 48,938,903 | 352,080,603.10 | 7.25 |
ACCESS | 42,743,992 | 324,214,826.95 | 7.75 |
ZENITHBANK | 35,766,490 | 776,358,225.40 | 21.75 |
MANSARD | 26,294,987 | 24,921,240.26 | 0.99 |
MTNN | 15,181,250 | 2,428,869,026.80 | 160.00 |
Top 7 Traders By Value
Security | Daily Volume | Daily Value | Close Price |
MTNN | 15,181,250 | 2,428,869,026.80 | 160.00 |
UBA | 123,271,501 | 887,626,400.15 | 7.20 |
ZENITHBANK | 35,766,490 | 776,358,225.40 | 21.75 |
FBNH | 48,938,903 | 352,080,603.10 | 7.25 |
GUARANTY | 11,075,668 | 342,747,912.55 | 31.00 |
ACCESS | 42,743,992 | 324,214,826.95 | 7.75 |
SEPLAT | 298,121 | 154,396,849.00 | 539.90 |