Bear sustains momentum in the equity market as NSE-ASI shed 0.99%

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The Nigeria equity market today extended its bearish run, shedding 0.99%. The negative performance was impacted by huge sell-off on consumer goods, oil/gas and banking  sectors.  Consequently, Market breadth closed negative, recording 10 gainers against 28 losers.

NSE Trading Floor

The All Share Index (ASI) shed 300.73 absolute points, representing a dip of 0.99%, to close at 30,226.77 points. The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; FO (-9.93%), NB (-9.68%), UNILEVER (-8.46%), OANDO (-7.84%), NESTLE (-3.45%), HONYFLOUR (-3.33%),  ZENITHBANK (-2.74%) UBA  (-2.60%), FLOURMILL (-2.50%), DANGFLOUR (-2.17%), TRANSCORP (-1.65%), FBNH (-1.25%) and UACN (-0.65%).

However, Market Capitalization decreased by N169.01 billion representing a decline of 1.47%, to close at N11.35 trillion. The discrepancy between the NSE-ASI and its market capitalization was  due to certain operational reasons on Access Bank Scheme shares, resulting from the merger between Access Bank Plc and Diamond Bank Plc which was not available for trading today, Tuesday 2 April 2019. The Exchange however regretted any inconvenience caused to the holders of the affected shares.

WEMABANK emerged the top gainer while BETAGLAS emerged as the top loser.

 

Click here for more on NSE Daily Price List

 

MARKET STATISTICS  

CAP N11,353,403,577,297.35 One Day (ASI CHG) -0.99
Index 30,226.77 One Week (ASI CHG) -2.62
Volume 376,947,303 One Month (ASI CHG) -5.03
Value N4,536,372,569.16 Six Months (ASI CHG) -7.60
Deals 4,018 52 Weeks (ASI CHG) -27.17
Gainers 10 Losers 28
Unchanged 68 Total 101
  YTD Returns -3.83  

 

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the inter-bank rate closed at N307.00 to represent a 0.02% depreciation against yesterday’s closing position.

The Investors and Exporters (I&E) FX window opened at N360.64, traded high at N362.00 and eventually closed at N360.30, representing a 0.08% appreciation against yesterday’s closing position. A total of $357.50 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 17.43%, representing an 11.88% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate also closed at 16.57%, representing an 11.57% appreciation against yesterday’s closing position..

FIXED INCOME
Securities P. Close Close Change
Bond 937.94 941.32 +3.38 bps
T.Bills 535.44 536.26 +0.82 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

Sector Performance       

Sector %    Change
NSE30 -1.37
BANKING -1.11
CONSUMER GOODS -3.84
INDUSTRIAL 0.14
INSURANCE 0.93
LOTUS ISLAMIC -0.87
OIL/GAS -1.75

  Top 7 Gainers       

Company Pclose Open Close Change % Change
WEMABANK 0.70 0.70 0.77 0.07 10.00
SOVRENINS 0.20 0.20 0.22 0.02 10.00
IKEJAHOTEL 2.06 2.06 2.26 0.20 9.71
DANGSUGAR 14.20 14.20 15.00 0.80 5.63
NEM 2.22 2.22 2.33 0.11 4.95
FCMB 1.88 1.88 1.90 0.02 1.06
DANGCEM 191.00 191.00 193.00 2.00 1.05

 Top 7 Losers       

Company Pclose Open Close Change % Change
BETAGLAS 64.80 64.80 58.35 -6.45 -9.95
FO 27.70 27.70 24.95 -2.75 -9.93
NB 63.00 56.70 56.90 -6.10 -9.68
VITAFOAM 3.95 3.95 3.57 -0.38 -9.62
LIVESTOCK 0.63 0.63 0.57 -0.06 -9.52
CHAMPION 1.45 1.45 1.32 -0.13 -8.97
MEYER 0.59 0.59 0.54 -0.05 -8.47

Top 7 Traders By Volume        

Company Volume Value(₦) Current Price
FCMB                            53,884,249                        99,957,516 1.90
STERLNBANK                            41,401,542                        99,218,482 2.39
UBA                            41,327,818                      316,911,625 7.50
FIDELITYBK                            37,651,954                        66,331,675 1.81
ZENITHBANK                            31,987,504                      694,170,793 21.30
ACCESS                            28,274,533                      183,503,240 6.50
GUARANTY                            19,946,408                      720,792,117 36.00

Top 7 Traders By Value       

Company Volume Value(₦) Current Price
NESTLE                                 623,479                 905,167,717.40 1400.00
NB                            13,648,281                 776,543,468.10 56.90
GUARANTY                            19,946,408                 720,792,117.10 36.00
ZENITHBANK                            31,987,504                 694,170,792.90 21.30
UBA                            41,327,818                 316,911,625.40 7.50
STANBIC                              4,211,227                 194,943,309.85 46.25
ACCESS                            28,274,533                 183,503,240.00 6.50

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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