Bear rules as Equity Market recedes, Post 0.87% loss

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The Equity Market closed lower today, shedding 0.87% to reverse yesterday’s positive sentiment. Market breadth closed negative, recording 11 gainers and 22 losers.

 

NSE Trading Floor

 

In summary, the All Share Index (ASI) was down by 284.83 absolute points, representing a decrease of 0.87%, closing at 32,437.35 points. Similarly, the Market Capitalization decreased by N103.98 billion, representing a dip of 0.87%, closing at N11.84 trillion.

SUNUASSUR emerged the top gainer while PHARMDEKO emerged the top loser.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; FIDELITYBK (-4.74%), DANGCEM (-2.44%), FBNH (-1.62%), UBA (-1.22%), ZENITHBANK (-1.10), SEPLAT (-0.81%), ACCESS (-0.62%), NB (-0.56%) and FO (-0.45%).

 

MARKET STATISTICS

CAP N11,842,136,063,705.65 One Day (ASI CHG) -0.87
Index 32,437.35 One Week (ASI CHG) +0.17
Volume 240,764,583 One Month (ASI CHG) +0.73
Value N3,659,040,878.75 Six Months (ASI CHG) -20.47
Deals 2,974 52 Weeks (ASI CHG) -11.47
Gainers 11 Losers 22
Unchanged 72 Total 105
YTD Returns -15.18

Source: NSE, GTI Research

 

FOREIGN EXCHANGE

The Naira at the inter-bank rate closed unchanged at N306.50, against yesterday’s closing price.

The Investors and Exporters (I&E) FX window opened at N364.17, traded high at N365.50 and eventually closed at N363.96, representing a 0.10% appreciation against yesterday’s closing price. A total of $198.71 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight (O/N) rate closed at 24.79%, representing a 1.71% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate  closed  at 22.67% representing a 1.48% depreciation against yesterday’s closing position.

Fixed Income
Securities P. Close Close Change
Bond 817.34 813.73 -4 bps
T.Bills 389.21 390.34 +1 bps
Note: BPS=> Basis Point

Source: FMDQ, GTI Research

 

 

Sector Performance

Sector %    Change
NSE30 -0.68
BANKING -0.19
CONSUMER GOODS -0.14
INDUSTRIAL -1.59
INSURANCE 1.48
LOTUS ISLAMIC -0.93
OIL/GAS -0.18

 

Top 7 Gainers                                                            Number of Gainers (11)

Company Pclose Open Close Change % Change
SUNUASSUR 0.20 0.20 0.22 0.02 10.00
CONTINSURE 1.35 1.35 1.48 0.13 9.63
CUTIX 2.03 2.03 2.20 0.17 8.37
AFRIPRUD 4.00 4.00 4.20 0.20 5.00
WAPIC 0.41 0.41 0.43 0.02 4.88
FCMB 1.55 1.55 1.60 0.05 3.23
AIICO 0.73 0.73 0.75 0.02 2.74

 

Top 7 Losers                                                            Number of Losers (22)

Company Pclose Open Close Change % Change
PHARMDEKO 1.90 1.90 1.71 -0.19 -10.00
UACN 11.00 11.00 10.00 -1.00 -9.09
LAWUNION 0.51 0.51 0.47 -0.04 -7.84
NIGERINS 0.30 0.30 0.28 -0.02 -6.67
CAP 33.00 33.00 30.95 -2.05 -6.21
FIDELITYBK 1.90 1.90 1.81 -0.09 -4.74
SOVRENINS 0.24 0.24 0.23 -0.01 -4.17

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
ZENITHBANK                        87,053,446.00               1,976,019,139.50 22.45
UBA                        68,370,056.00                  560,357,330.90 8.10
FIDELITYBK                        15,933,645.00                    29,581,947.77 1.81
STERLNBANK                        12,985,418.00                    19,477,615.02 1.50
GUARANTY                          6,447,464.00                  236,639,470.50 37.00
TRANSCORP                          6,389,875.00                      8,105,512.85 1.27
FBNH                          5,093,570.00                    46,185,477.65 9.10

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
ZENITHBANK                        87,053,446.00               1,976,019,139.50 22.45
UBA                        68,370,056.00                  560,357,330.90 8.10
DANGCEM                          2,286,570.00                  457,385,914.60 200.00
GUARANTY                          6,447,464.00                  236,639,470.50 37.00
SEPLAT                             144,654.00                    88,977,385.00 615.00
NESTLE                               57,875.00                    80,683,521.50 1400.00
FBNH                          5,093,570.00                    46,185,477.65 9.10

 

 

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