Bear grip strengthened on local bourse as Market Capitalization down by N141 billion
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%).
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.
|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%|
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.
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.
|Note: BPS=> Basis Points|
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.
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Top 7 Traders By Value