Bearish sentiment continues; NSE-ASI dipped by 0.24%

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Bearish sentiment in the Nigeria equity market persisted as the All-Share Index (ASI) further decline by 0.24%. The dip was impacted by loss in Banking and Consumer goods sectors. Market breadth closed  negative, recording 8 gainers and 19 losers.

NSE Trading Floor

The All Share Index (ASI) lost 70.16 absolute points, representing a decline of 0.24% to close at 28,896.25 points. Similarly, Market Capitalization decreased by N26.37 billion representing a dip of 0.37% to close at N10.86trillion.

VERITASKAP emerged the top gainer while JAPAUL emerged as top loser.

The downtrend was impacted by losses recorded in medium and large capitalized stocks, amongst which are; TRANSCORP (-7.38%), UACN (-3.57%), FBNH (-2.67%), ZENITHBANK (-2.20%), HONYFLOUR (-1.71%), WEMABANK (-1.37%),  and NB (-0.31%).

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MARKET STATISTICS  

CAP N10,860,388,801,772.03 One Day (ASI CHG) -0.24%
Index 28,896.25 One Week (ASI CHG) -0.94%
Volume 215,203,980 One Month (ASI CHG) -0.90%
Value N2,050,575,067.82 Six Months (ASI CHG) -10.26%
Deals 5,646 52 Weeks (ASI CHG) -29.66%
Gainers 8 Losers 19
Unchanged 86 Total 113
  YTD Returns -8.06%  

 

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira exchange rate at the official window remained unchanged to closed at  N307.00/$1, against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N360.61, traded high at N362.20 and eventually closed at N361.09 representing a 0.03% appreciation against yesterday’s closing position. A total of $121.15 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 5.71%, representing a 0.93% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 4.71%, representing a 1.29% depreciation against yesterday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 983.31 980.80 -2.51 bps
T.Bills 519.11 521.98 +2.87bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

NASD OTC MARKET         

The NASD market remain unchanged after today’s trading activities as the Unlisted Securities Index (USI) stood at 765.59 points against yesterday’s index. Market Capitalization also remained unchanged at N550.03 billion. However, market activities measured by aggregate volume and value dipped by 94.69% and 85.73% respectively. Investors traded a total of 9,517 units of shares valued at N1.22 million in 7 deals.

Likewise yesterday’s trade, two securities were traded on the OTC Platform today and they include SDCSCSPLC and SDFCWAMCO.

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Sector Performance           

Sector %    Change
NSE30 -0.41
BANKING -0.55
CONSUMER GOODS -0.03
INDUSTRIAL 0.00
INSURANCE 1.09
LOTUS ISLAMIC 0.00
OIL/GAS 0.00

Top 7 Gainers       

Company Pclose Open Close Change % Change
VERITASKAP 0.20 0.20 0.22 0.02 10.00
MANSARD 1.85 1.85 1.95 0.10 5.41
FCMB 1.80 1.80 1.89 0.09 5.00
REGALINS 0.25 0.25 0.26 0.01 4.00
AFRIPRUD 3.81 3.81 3.93 0.12 3.15
MAYBAKER 2.27 2.27 2.32 0.05 2.20
DANGFLOUR 16.80 16.80 17.00 0.20 1.19

Top 7 Losers            

Company Pclose Open Close Change % Change
JAPAULOIL 0.30 0.27 0.27 -0.03 -10.00
CAVERTON 2.71 2.71 2.44 -0.27 -9.96
NEIMETH 0.61 0.61 0.55 -0.06 -9.84
CHAMS 0.48 0.48 0.44 -0.04 -8.33
AGLEVENT 0.26 0.26 0.24 -0.02 -7.69
JBERGER 24.90 24.90 23.00 -1.90 -7.63
GOLDINSURE 0.27 0.27 0.25 -0.02 -7.41

 Top 7 Traders By Volume           

Company Volume Value(₦) Current Price
ACCESS                             40,701,675                       283,466,666 7.00
ZENITHBANK                             28,612,023                       576,451,641 20.00
STERLNBANK                             23,793,509                         63,994,875 2.70
GUARANTY                             12,776,061                       414,720,464 32.30
LASACO                             10,732,341                           3,219,734 0.30
FBNH                             10,511,041                         77,593,003 7.30
TRANSCORP                             10,246,484                         11,856,415 1.13

 Top 7 Traders By Value      

Company Volume Value(₦) Current Price
ZENITHBANK                             28,612,023                  576,451,641.25 20.00
GUARANTY                             12,776,061                  414,720,463.85 32.30
ACCESS                             40,701,675                  283,466,666.25 7.00
STANBIC                               3,998,331                  174,728,080.10 43.70
NB                               2,281,497                  148,865,888.10 65.30
FBNH                             10,511,041                    77,593,003.30 7.30
STERLNBANK                             23,793,509                    63,994,874.55 2.70

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