Bearish Sentiment Persists, as Equity Market Wrap-up the Week on the Negative
The Nigerian Equity Market, today (Friday) closed the trading activity for the week on a negative trajectory for the fourth straight session, as the NSE-ASI index dipped by 0.08% due to investors’ persistent bearish sentiment on Banking, Consumer Goods and Oil & Gas sectors. Consequently, the market breadth closed negatively, recording 27 losers against 20 gainers.
NSE Trading Floor
In summary, the All-Share Index (ASI) decreased by 32.96 absolute points, representing a decline of 0.08% to close at 39,331.61 points. While the overall Market Capitalization value lost N17.21 billion, representing a drop of 0.08% to close at N20.58 trillion.
TRANSEXPR, and TRIPPLEG emerged as the joint-top loser (by percentage points) for today, with a price depreciation of -10.00%, while MORISON emerged as the top gainer with a price appreciation of +10.00%.
Today’s market loss was driven by price depreciation in large and medium capitalized stocks amongst which are; CUTIX(-9.95%), WEMABANK(-9.84%), NASCON(-9.72%), OANDO(-8.62%), ARDOVA(-7.85%), JAPAULGOLD(-7.55%), SEPLAT(-7.39%), UCAP(-4.67%), HONEYFLOUR(-4.17%), MANSARD(-3.85%), FCMB(-3.00%), TRANSCORP(-2.41%), VITAFOAM(-1.96%), GUARANTY(-1.59%). and NB(-1.00%).
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MARKET STATISTICS
| CAP | N20,578,490,480,591.97 | One Day (ASI CHG) | -0.08% |
| Index | 39,331.61 | One Week (ASI CHG) | -1.18% |
| Volume | 587,742,048 | One Month (ASI CHG) | -5.87% |
| Value | N13,615,384,435.42 | Six Months (ASI CHG) | +53.61% |
| Deals | 4,895 | 52 Weeks (ASI CHG) | +48.90% |
| Gainers | 20 | Losers | 27 |
| Unchanged | 58 | Total | 105 |
| YTD Returns | -2.33% |
Source: NSE, GTI Research
FOREIGN EXCHANGE
The Naira at the official rate remains unchanged to close at N379.00/$1 as against Tuesday’s position.
The Investors and Exporters (I&E) FX window opened at N412.50 traded high at N427.45 and eventually closed at N411.00, representing 1.11% depreciation against yesterday’s position. A total of $66.99 million was transacted through the I&E window today.
MONEY MARKET
Overnight(O/N) rate closed at 16.33%, representing a 7.83% appreciation against yesterday’s position, while Open Buy-Back (OBB) rate closed at 15.33%, representing a 7.67% appreciation as against yesterday’s position.
Sector Performance
| Security | % Change |
| NSE30 | -0.09 |
| NSEBNK | -0.53 |
| NSECNSMRGDS | -0.16 |
| NSEINDUSTR | 0.55 |
| NSEINS | 0.78 |
| NSEOILGAS | -5.31 |
Top 7 Gainers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| MORISON | 0.60 | 0.60 | 0.66 | 0.06 | 10.00 |
| WAPCO | 20.20 | 20.20 | 22.20 | 2.00 | 9.90 |
| NEM | 1.72 | 1.72 | 1.89 | 0.17 | 9.88 |
| SKYAVN | 3.04 | 3.04 | 3.33 | 0.29 | 9.54 |
| UNITYBNK | 0.67 | 0.67 | 0.73 | 0.06 | 8.96 |
| SOVRENINS | 0.23 | 0.23 | 0.25 | 0.02 | 8.70 |
| LINKASSURE | 0.46 | 0.46 | 0.50 | 0.04 | 8.70 |
Top 7 Losers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| TRANSEXPR | 0.90 | 0.90 | 0.81 | -0.09 | -10.00 |
| TRIPPLEG | 0.80 | 0.80 | 0.72 | -0.08 | -10.00 |
| UHOMREIT | 40.65 | 40.65 | 36.60 | -4.05 | -9.96 |
| CUTIX | 2.01 | 2.01 | 1.81 | -0.20 | -9.95 |
| SCOA | 2.93 | 2.93 | 2.64 | -0.29 | -9.90 |
| WEMABANK | 0.61 | 0.61 | 0.55 | -0.06 | -9.84 |
| NASCON | 14.40 | 14.40 | 13.00 | -1.40 | -9.72 |
Top 7 Traders By Volume
| Security | Daily Volume | Daily Value | Close Price |
| MANSARD | 282,322,534.00 | 282,424,859.70 | 1.00 |
| ZENITHBANK | 46,851,288.00 | 1,177,262,480.70 | 25.30 |
| FBNH | 26,502,888.00 | 185,947,118.70 | 7.10 |
| UBA | 23,295,179.00 | 184,591,848.40 | 7.95 |
| GUARANTY | 20,825,489.00 | 645,425,207.00 | 31.00 |
| TRANSCORP | 19,627,475.00 | 15,853,298.25 | 0.81 |
| UCAP | 19,230,176.00 | 112,324,534.03 | 5.72 |
Top 7 Traders By Value
| Security | Daily Volume | Daily Value | Close Price |
| SEPLAT | 18,632,778.00 | 10,059,957,000.60 | 539.90 |
| ZENITHBANK | 46,851,288.00 | 1,177,262,480.70 | 25.30 |
| GUARANTY | 20,825,489.00 | 645,425,207.00 | 31.00 |
| DANGCEM | 1,423,175.00 | 288,713,653.40 | 220.00 |
| MANSARD | 282,322,534.00 | 282,424,859.70 | 1.00 |
| FBNH | 26,502,888.00 | 185,947,118.70 | 7.10 |
| UBA | 23,295,179.00 | 184,591,848.40 | 7.95 |
