Bearish Sentiment Persists, as Equity Market Wrap-up the Week on the Negative

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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.

Nigerian Stock Exchange 2

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 

FMDQ ABOUT

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

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