Bearish sentiment Persists as Bellwether Lead Domestic Market to decline by 0.27%

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NGX

Trading activities on the Nigerian equity market ended today on a negative note, extending the trading loss to the second day of the week. The performance was buoyed by investors’ profit-taking from bellwether stocks like NB, DANGSUGAR, ZENITH BANK, GTCO, and 24 others. Consequently, NGX-ASI declined by 0.27%. Furthermore, the market breadth closed negatively, recording 16 gainers as against 27 losers.

 

Nigerian Stock Exchange 2was

NSE Trading Floor

In summary, the All-Share Index (ASI) dipped by 107.06 absolute points, representing a decline of 0.27%, to close at 39,219.61 points. Similarly, the overall Market Capitalization value shed 55.799 billion, representing a decrease of 0.27% to close at N20.43 trillion.

TRANSCOHOT emerged as the top gainer (by percentage points) for today, with a maximum price appreciation of +10.00%, while NB emerged as the top loser (by percentage points) with a maximum price depreciation of -9.93%.

Today’s market negative performance was driven by price depreciation in large and medium capitalized stocks which are; NB (-9.93%), LIVESTOCK (-9.83%), UPDC (-7.46%), NEIMETH (-7.04%), WEMABANK (-4.44%), WAPIC  (-3.92%), AIICO (-3.88%), OANDO (-2.85%), FIDELITYBNK (-1.67%), CHAMPION(-1.48%), STERLINGBNK (-1.30%), INTBREW (-1.06%), ZENITHBANK (-1.03%), ETI (-0.95%), DANGSUGAR (-0.83%), AFRIPRUD (-0.81%), GTCO (-0.55%), FLOURMILL (-0.52%),UACN (-0.45%) and FIDSON (-0.33%)

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MARKET STATISTICS

CAP N20,434,053,313,171.05 One Day (ASI CHG) -0.27%
Index 39,219.61 One Week (ASI CHG) -0.61%
Volume 425,658,030.00 One Month (ASI CHG) +1.74%
Value N1,967,362,243.41 Six Months (ASI CHG) -1.46%
Deals 4,553.00 52 Weeks (ASI CHG) +54.85%
Gainers 16 Losers 27
Unchanged 62 Total 105
YTD Returns -2.61%

Source: Ngxgroup.com, GTI Research 

Sector Performance

Security Change Percent
ASI -0.27
NGX30 -0.32
NGXBNK -0.39
NGXCNSMRGDS -1.94
NGXINDUSTR 0.00
NGXINS -0.33
NGXLOTUSISLM -0.04
NGXOILGAS -0.41

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
TRANSCOHOT         4.70                     4.70                     5.17         0.47       10.00
HONYFLOUR         3.90                     4.00                     4.28         0.38         9.74
MORISON         1.85                     1.85                     2.03         0.18         9.73
FTNCOCOA         0.52                     0.52                     0.57         0.05         9.62
SKYAVN         3.70                     3.70                     4.05         0.35         9.46
CORNERST         0.54                     0.54                     0.57         0.03         5.56
CHIPLC         0.60                     0.60                     0.63         0.03         5.00

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
NB 54.90 54.90 49.45 -5.45 -9.93
LIVESTOCK 2.34 2.34 2.11 -0.23 -9.83
LASACO 1.54 1.54 1.39 -0.15 -9.74
UPDC 2.01 2.01 1.86 -0.15 -7.46
NEIMETH 1.99 1.99 1.85 -0.14 -7.04
COURTVILLE 0.33 0.33 0.31 -0.02 -6.06
ABCTRANS 0.36 0.36 0.34 -0.02 -5.56

Top 7 Traders By Volume

Security Close Price  Daily Volume   Daily Value 
TRANSCORP         0.91        111,069,696     99,978,684.15
CHAMS         0.21          57,547,337     12,107,826.01
HONYFLOUR         4.28          31,628,689   130,756,858.26
CHAMPION         2.00          23,746,924     48,631,245.89
FIDELITYBK         2.35          20,646,817     48,486,425.71
WEMABANK         0.86          17,584,934     15,039,279.84
FBNH         7.50          11,951,741     89,156,376.65

Top 7 Traders By Value

Security Close Price  Daily Volume   Daily Value 
ZENITHBANK       24.00          10,139,262   243,555,856.75
MTNN     172.50            1,216,958   209,191,489.40
GTCO       27.35            6,916,788   190,301,247.75
WAPCO       22.00            7,960,102   174,430,123.70
NB       49.45            3,396,611   167,962,414.50
HONYFLOUR         4.28          31,628,689   130,756,858.26
TRANSCORP         0.91        111,069,696     99,978,684.15

 

 

FMDQ

 

SYSTEM LIQUIDDITY INDICATOR 31082021The overnight (O/N) rate closed at 6.50% on Tuesday (31/08/2021), depreciating by 0.67% against Monday’s position.  Open Buy-Back (OBB) rate closed at 6.00% on Tuesday (31/08/2021), depreciating by 0.50% against Monday’s position.

FOREIGN EXCHANGE 31082021The I&E FX window traded high and low at N415.00 and N400.00 respectively on Tuesday (31/08/2021) and eventually closed at N411.08, appreciating by 0.13% against Monday’s position. At the BDC, the naira closed on Tuesday (31/08/2021) at N525, unchanged against Monday’s position.

FOREIGN RESERVE 31082021

Nigeria’s foreign reserve appreciated by $271.59 million to $33.93 billion on (31/08/2021) from $33.67 billion on (30/08/2021).

Crude oil 31082021

The Brent crude and WTI crude depreciated by $0.60 and $0.71 to $71.63 and $68.50 on (31/08/2021) from $72.23 and $69.21 on (30/08/2021), representing a decline of 0.83% and 1.03% respectively.

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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