Bearish Sentiment Persist, As Investors Drop Bellwether Stocks

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Activities on the Nigerian bourse market today (Friday) closed on a negative note for two consecutive sessions to maintain the bearish sentiments The NSE-ASI dropped by 0.13%, following the price depreciation in large capitalised stocks like MTNN, GUARANTY, ZENITHBANK, WAPCO and 19 others. However, the market breadth closed negatively, recording 17 gainers against 23 losers.

Nigerian Stock Exchange 2

NSE Trading Floor

In summary, the All-Share Index (ASI) dipped by 48.69 absolute points, representing a decrease of 0.13% to close at 38,648.48 points. While the overall Market Capitalization value lost N25.47 billion, representing a decline of 0.13% to close at N20.22 trillion.

FLOURMILL and REGALINS emerged as the joint-top gainer with a maximum price appreciation of +10.00% while, SFSREIT emerged as the top losers (by percentage points) for today, with a maximum price depreciation of -9.96%.

Today’s market loss was driven by price depreciation in large and medium capitalized stocks amongst which are; TRANSCORP(-5.68%), JBERGER(-3.95%), UACN(-3.38%),  OANDO(-2.96%),  VITAFOAM(-2.00%),  AIICO(-1.64%), MAYBAKER(-1.52%), MTNN(-1.25%), GUARANTY(-0.65%), STERLING(-0.65%), ZENITHBANK(-0.47%), UCAP(0.41%), WAPCO(-0.23%). 

Click here for more on NSE Daily Price List

 

MARKET STATISTICS

 

CAP N20,221,077,235,147.58 One Day (ASI CHG) -0.13%
Index 38,648.48 One Week (ASI CHG) -1.74%
Volume 293,970,400.00 One Month (ASI CHG) -5.77%
Value N3,769,759,464.28 Six Months (ASI CHG) +51.02%
Deals 3,760 52 Weeks (ASI CHG) +63.95%
Gainers 17 Losers 23
Unchanged 67 Total 107
YTD Returns -4.03%

Source: NSE, GTI Research 

 

FMDQ ABOUT

FOREIGN EXCHANGE

The Naira at the official rate remains unchanged to close at N379.00/$1 as against Friday’s position.

The Investors and Exporters (I&E) FX window opened at N409.13 traded high at N415.00 and eventually closed at N410representing 0.24% depreciation against yesterday’s position. A total of $192.11 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 14.17%, representing a 2.17% depreciation against yesterday’s position, while Open Buy-Back (OBB) rate closed at 13.33%,  representing a 2.00% depreciation as against yesterday’s position.

Sector Performance

Security Change Percent
NSE30 -0.23
NSEBNK -0.09
NSECNSMRGDS 1.03
NSEINDUSTR -0.01
NSEINS 1.32
NSELOTUSISLM -0.36
NSEOILGAS -0.23

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price  % Change 
FLOURMILL 27 27 29.7 2.7         10.00
REGALINS 0.3 0.3 0.33 0.03         10.00
NEM 1.85 1.85 2.03 0.18           9.73
NNFM 5.15 5.15 5.65 0.5           9.71
LIVESTOCK 1.83 1.83 2 0.17           9.29
SMURFIT 0.22 0.22 0.24 0.02           9.09
CHIPLC 0.29 0.29 0.31 0.02           6.90

Top 7 Losers

Security Previous Close Open Price Close Price Change Price  % Change 
SFSREIT 69.3 69.3 62.4 -6.9 –        9.96
UNITYBNK 0.73 0.73 0.66 -0.07 –        9.59
AFRINSURE 0.22 0.22 0.2 -0.02 –        9.09
SOVRENINS 0.26 0.24 0.24 -0.02 –        7.69
WEMABANK 0.65 0.65 0.61 -0.04 –        6.15
TRANSCORP 0.88 0.88 0.83 -0.05 –        5.68
CHAMS 0.22 0.22 0.21 -0.01 –        4.55

Top 7 Traders By Volume

Security Close Price Daily Volume Daily Value
TRANSCORP 0.83          56,928,555          45,947,766.36
INTBREW 5.3          40,879,165        210,688,794.10
GUARANTY 30.75          30,966,225        953,642,829.95
FBNH 7.1          14,875,294        105,300,742.60
UNIVINSURE 0.2          12,832,629            2,566,525.85
WEMABANK 0.61          12,153,303            7,493,534.18
MANSARD 1          10,500,009          10,549,888.87

Top 7 Traders By Value

Security Close Price Daily Volume Daily Value
NESTLE 1375                836,141    1,142,854,063.10
GUARANTY 30.75          30,966,225        953,642,829.95
NB 49.65            6,111,917        304,030,373.50
ZENITHBANK 21.35          10,470,232        224,167,837.20
INTBREW 5.3          40,879,165        210,688,794.10
DANGCEM 220                708,149        153,101,107.50
MTNN 158                861,711        136,493,795.50

 

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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