Bearish sentiment persists as investors further drop blue-chip stocks

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The domestic stock market today (Thursday) closed on a negative note,  to extend the profit-taking sentiment to three consecutive trading sessions.  As a result, the market performance indicators (NSE-ASI and Market Cap.) declined by 0.40% following price depreciation in bluechip stocks. Consequently, the market breadth closed largely negative, recording 47 losers and 12 gainers.

Nigerian Stock Exchange 2

NSE Trading Floor

In summary, the All-Share Index (ASI) shed 157.49 absolute points, representing a decrease of 0.40% to close at 39,364.67 points. While the overall Market Capitalization value lost N82.44 billion, representing a decline of 0.40% to close at N20.60 trillion.

FIDSON emerged as the top loser (by percentage points) for today, with a price depreciation of -10.00%, while UPL emerged as the top gainer with a price appreciation of +9.91%.

Today’s market loss was driven by price depreciation in large and medium capitalized stocks amongst which are; ARDOVA(-9.85%), PORTPAINT(-9.85%), CHAMPION(-9.19%), JBERGER(-7.88%), DANGSUGAR(-6.25%), WEMABANK(-6.15%), PRESCO(-5.87%), AIICO(-4.13%), HONEYFLOUR(-4.00%), FIDELITYBK(-3.91%), NB(-3.85%), ETI(-3.85%),  UBA(-3.64%),  OANDO(-3.33%), ACCESS(-3.11%), JAPAULGOLD(-1.85%), STERLNBANK(-1.35%), VITAFOAM(-1.29%),  ZENITHBANK(-0.98%), FBNH(-0.70%,) GUARANTY(-0.63%) and GUINNESS(-0.63%).

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MARKET STATISTICS

CAP N20,595,790,200,130.44 One Day (ASI CHG) -0.40%
Index 39,364.67 One Week (ASI CHG) -1.82%
Volume 493,172,597 One Month (ASI CHG) -6.27%
Value N4,722,499,530.20 Six Months (ASI CHG) +53.73%
Deals 5,486 52 Weeks (ASI CHG) +49.93%
Gainers 12 Losers 47
Unchanged 46 Total 105
YTD Returns -2.25%

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 N411.10 traded high at N415.00 and eventually closed at N406.50, representing 1.09% appreciation against yesterday’s position. A total of $33.15 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 8.50%, representing a 0.88% appreciation against yesterday’s position, while Open Buy-Back (OBB) rate closed at 7.67%,  representing a 0.67% appreciation as against yesterday’s position.

Sector Performance

Security % Change
NSE30 -0.44
NSEBNK -1.54
NSECNSMRGDS -1.47
NSEINDUSTR 0.19
NSEINS -4.04
NSELOTUSISLM -0.25
NSEOILGAS -0.65

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
UPL 1.11 1.11 1.22 0.11 9.91
MORISON 0.55 0.55 0.6 0.05 9.09
CAP 19 19 20 1 5.26
WAPCO 19.5 19.5 20.2 0.7 3.59
LIVESTOCK 2.21 2.21 2.28 0.07 3.17
UCAP 5.85 5.85 6 0.15 2.56
LASACO 1.2 1.2 1.23 0.03 2.50

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
FIDSON 4.9 4.9 4.41 -0.49 -10.00
NNFM 7.02 7.02 6.32 -0.7 -9.97
ENAMELWA 22.1 22.1 19.9 -2.2 -9.95
NEM 1.91 1.91 1.72 -0.19 -9.95
NCR 3.43 3.43 3.09 -0.34 -9.91
CUTIX 2.23 2.23 2.01 -0.22 -9.87
ARDOVA 16.25 16.25 14.65 -1.6 -9.85

Top 7 Traders By Volume

Security Daily Volume Daily Value Close Price
UNIVINSURE             83,260,718                16,652,144 0.20
ZENITHBANK             38,647,711              983,251,468 25.30
FBNH             31,253,644              216,718,511 7.05
UBA             26,782,197              211,571,939 7.95
ACCESS             21,586,491              168,090,267 7.80
UCAP             19,926,727              118,335,630 6.00
FTNCOCOA             19,590,013                  8,040,693 0.42

Top 7 Traders By Value

Security Daily Volume Daily Value Close Price
PRESCO             15,180,856          1,047,424,260 69.00
ZENITHBANK             38,647,711              983,251,468 25.30
GUARANTY             15,498,974              486,376,249 31.50
DANGCEM               1,177,371              233,499,435 220.00
FBNH             31,253,644              216,718,511 7.05
UBA             26,782,197              211,571,939 7.95
DANGSUGAR             12,465,568              207,646,547 16.50

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