Bearish sentiment continues; NSE-ASI dipped by 0.24%
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%).
Click here for more on NSE Daily Price List
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.
Click here for more on NASD Daily Price List
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 |
