Bearish sentiment persists as investors further drop blue-chip stocks
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.
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
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 |
