Banking Sector Stocks Drags the NSE-ASI Down By 1.80%

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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.

Nigerian Stock Exchange 2

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 

FMDQ ABOUT

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 N412.00representing 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

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