Bear grip strengthened on local bourse as Market Capitalization down by N141 billion

169 Views

Following price losses suffered by most blue-chip companies throughout last week, equity transactions on the floor of the Nigerian Stock Exchange (NSE) on Monday re-opened on a downward note, as market capitalization fell further by N141 billion with no market sector recorded positive sentiment. The market breadth closed  negative, recording 11 gainers and 30 losers.

NSE Trading Floor

The All Share Index (ASI) shed 363.37 absolute points, representing a decline of 1.26% to close at 28,484.44 points. Similarly, Market Capitalization decreased by N140.86 billion representing a dip of 1.30% to close at N10.70 trillion as the entire share capital (634,000,000 ordinary shares) of  Newrest ASL was delisted from the daily official list of the Exchange, today, Monday, 13 May 2019.

OKOMUOIL & NEIMETH emerged the top gainers while CHAMS emerged as top loser.

The downtrend was impacted by losses recorlded in medium and large capitalized stocks, amongst which are; UBA (-7.69%), ACCESS (-5.63%), FCMB (-5.56%), WEMABANK (-5.56%), MOBIL (-4.62%), STANBIC (-4.24%), GUARANTY (-3.13%), OANDO (-3.13%), ZENITHBANK (-1.50%), DANGSUGAR (-1.43%), NB (-0.46%) and DANGCEM (-0.28%).

Click here for more on NSE Daily Price List

Also, in preparation for the voluntary delisting of the issued share capital of First Aluminium Nigeria Plc (First Aluminium or the Company) from the Daily Official List of The Exchange, Apel Asset Limited on behalf of First Aluminium has requested that the issued share capital of the Company be placed on suspension. However, the shares of the Company will be placed on suspension effective, Wednesday, 15 May 2019. 

MARKET STATISTICS  

CAP N10,701,324,033,078.33 One Day (ASI CHG) -1.26%
Index 28,484.44 One Week (ASI CHG) -2.44%
Volume 214,684,260 One Month (ASI CHG) -3.64%
Value N2,784,169,494.64 Six Months (ASI CHG) -11.41%
Deals 3,856 52 Weeks (ASI CHG) -30.56%
Gainers 11 Losers 30
Unchanged 62 Total 103
  YTD Returns -9.37%  

Source: NSE, GTI Research

 

FOREIGN EXCHANGE

The Naira exchange rate at the official window closed at  N306.95/$1, representing a 0.02% appreciation against last Friday’s position.

The Investors and Exporters (I&E) FX window opened at N360.15, traded high at N361.65 and eventually closed at N360.83 representing a 0.01% appreciation against last Friday’s closing position. A total of $367.20 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 16.71%, representing a 6.71% appreciation against last Friday’s closing position, while Open Buy-Back (OBB) rate closed at 16.00%, representing a 6.86% appreciation against last Friday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 973.16 974.79 +1.63 bps
T.Bills 503.65 501.52 -2.13 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

NASD OTC MARKET         

The NASD market extended las Friday’s negative sentiment after today’s trading activities as the Unlisted Securities Index (USI) shed 0.55% to closed at 760.63 points against Friday’s index. Market Capitalization also declined by N3.04 billion to closed at N546.46 billion. However, market activities measured by aggregate volume and value grew by 8.43% and 98.38% respectively. Investors traded a total of 83,365 units of shares valued at N18.16 million in 11 deals.

Three securities were traded on the OTC Platform today and they include SDCSCSPLC, SDFCWAMCO and SDNDEP.

Click here for more on NASD Daily Price List

 

Sector Performance           

Sector %    Change
NSE30 -1.01
BANKING -2.80
CONSUMER GOODS -0.42
INDUSTRIAL -0.15
INSURANCE -2.72
LOTUS ISLAMIC -0.07
OIL/GAS -1.05

Top 7 Gainers       

Company Pclose Open Close Change % Change
NEIMETH 0.50 0.50 0.55 0.05 10.00
OKOMUOIL 70.00 70.00 77.00 7.00 10.00
AGLEVENT 0.24 0.24 0.26 0.02 8.33
AFRIPRUD 3.54 3.54 3.82 0.28 7.91
JAPAULOIL 0.26 0.26 0.28 0.02 7.69
CAVERTON 2.46 2.46 2.55 0.09 3.66
FBNH 7.25 7.25 7.50 0.25 3.45

Top 7 Losers           

Company Pclose Open Close Change % Change
CHAMS 0.40 0.38 0.36 -0.04 -10.00
NEM 2.50 2.50 2.25 -0.25 -10.00
UCAP 2.56 2.56 2.32 -0.24 -9.38
GOLDINSURE 0.23 0.23 0.21 -0.02 -8.70
JAIZBANK 0.50 0.50 0.46 -0.04 -8.00
UBA 6.50 6.50 6.00 -0.50 -7.69
ABCTRANS 0.27 0.27 0.25 -0.02 -7.41

 Top 7 Traders By Volume    

Company Volume Value(₦) Current Price
UACN                             41,289,048                       289,054,146 7.00
GUARANTY                             37,977,265                    1,182,637,238 31.00
UBA                             15,964,003                         96,827,677 6.00
STERLNBANK                             13,028,842                         34,497,404 2.65
TRANSCORP                             12,250,775                         14,185,155 1.14
ZENITHBANK                             11,145,370                       221,949,638 19.70
ACCESS                             10,540,670                         72,005,896 6.70

 Top 7 Traders By Value     

Company Volume Value(₦) Current Price
GUARANTY                             37,977,265               1,182,637,238.10 31.00
UACN                             41,289,048                  289,054,146.45 7.00
ZENITHBANK                             11,145,370                  221,949,638.15 19.70
GUINNESS                               3,745,302                  187,347,774.15 50.00
NB                               2,654,941                  172,526,703.35 65.00
DANGFLOUR                               6,528,472                  111,796,427.00 17.00
UBA                             15,964,003                    96,827,676.85 6.00

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *