Bear rule Nigeria bourse for a third consecutive session

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The Nigeria Equity market today extend its loosing streak to three consecutive trading sessions, shedding 1.63% from yesterday’s position. The significant dip was impacted by the loss in Banking, Consumer goods and Oil/Gas sectors. Market breadth closed negative, recording 9 gainers and 30 losers.

NSE Trading Floor

The All Share Index (ASI) shed 525.54 absolute points, representing a dip of 1.62%, to close at 31,718.70 points. Similarly, Market Capitalization declined by N195.99 billion representing a decreased of 1.63%, to close at N11.83 trillion.

LIVESTOCK emerged the top gainer while OANDO emerged as the top loser.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; OANDO (-9.92%), DANGFLOUR (-8.79%), DIAMONDBANK (-7.76%), GUARANTY (-6.85%), WEMABANK (-5.13%), HONYFLOUR (-5.07%), ACCESS (-5.00%), UBA (-4.49%), NB (-4.45%), STANBIC (-4.23%), ZENITHBANK (-4.02%), TRANSCORP (-2.99%), NESTLE (-2.00%), FBNH (-1.92%), and FLOURMILL (-0.25%).

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MARKET STATISTICS

CAP N11,828,393,558,358.43 One Day (ASI CHG) -1.63
Index 31,718.70 One Week (ASI CHG) -2.61
Volume 411,694,543 One Month (ASI CHG) +1.19
Value N5,266,249,859.75 Six Months (ASI CHG) -10.69
Deals 5,320 52 Weeks (ASI CHG) -26.80
Gainers 9 Losers 30
Unchanged 65 Total 104
  YTD Returns +0.92  

 

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the inter-bank rate remain unchanged to closed at N306.85 against  yesterday’s closing price.

The Investors and Exporters (I&E) FX window opened at N361.50, traded high at N362.50 and eventually closed at N360.99, to represent a 0.05% appreciation against  yesterday’s closing price. A total of $1.26 billion was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 14.25%, representing a 3.67% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate also closed at 13.17%, representing a 3.67% appreciation against yesterday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 810.23 606.11 -204.12 bps
T.Bills 578.23 565.16 -13.07 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

Sector Performance     

Sector %    Change
NSE30 -2.14
BANKING -4.56
CONSUMER GOODS -2.02
INDUSTRIAL 0.67
INSURANCE -0.97
LOTUS ISLAMIC -0.01
OIL/GAS -1.56

Top 7 Gainers       

Company Pclose Open Close Change % Change
LIVESTOCK 0.63 0.63 0.68 0.05 7.94
UNIONDAC 0.28 0.28 0.30 0.02 7.14
UAC-PROP 1.82 1.82 1.91 0.09 4.95
VERITASKAP 0.23 0.23 0.24 0.01 4.35
GLAXOSMITH 11.65 11.65 12.00 0.35 3.00
JAIZBANK 0.64 0.64 0.65 0.01 1.56
DANGCEM 192.50 192.50 195.30 2.80 1.45

Top 7 Losers        

Company Pclose Open Close Change % Change
OANDO 6.55 6.55 5.90 -0.65 -9.92
FCMB 2.25 2.25 2.03 -0.22 -9.78
DANGFLOUR 11.95 11.95 10.90 -1.05 -8.79
JAPAULOIL 0.24 0.24 0.22 -0.02 -8.33
DIAMONDBNK 2.45 2.45 2.26 -0.19 -7.76
SOVRENINS 0.26 0.26 0.24 -0.02 -7.69
ROYALEX 0.39 0.39 0.36 -0.03 -7.69

Top 7 Traders By Volume     

Company Volume Value(₦) Current Price
GUARANTY                            44,622,715                   1,643,224,760 35.35
SUNUASSUR                            38,521,374                          7,704,365 0.20
ACCESS                            29,710,366                      177,643,815 5.70
UBN                            27,575,518                      193,024,732 7.00
DIAMONDBNK                            25,757,401                        61,073,466 2.26
UBA                            24,889,479                      187,678,218 7.45
ZENITHBANK                            22,113,139                      536,988,949 23.90

Top 7 Traders By Value       

Company Volume Value(₦) Current Price
GUARANTY                            44,622,715              1,643,224,760.20 35.35
NESTLE                                 641,681                 946,680,933.30 1470.00
DANGCEM                              3,223,806                 634,696,298.60 195.30
ZENITHBANK                            22,113,139                 536,988,948.90 23.90
UBN                            27,575,518                 193,024,731.80 7.00
UBA                            24,889,479                 187,678,218.30 7.45
ACCESS                            29,710,366                 177,643,814.90 5.70

GTI

GTI is a leading Nigerian Investment Banking group with proven expertise in Financial advisory, Securities Dealing (Fixed Income and Equities), Asset management and Deal Origination. We have strong capacity in financial service delivery.

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