Bearish Sentiment Persists As M.Cap Shed N28 Billion

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The Nigerian Stock Market on Tuesday slipped further by extending its loosing streak to seven consecutive trading sessions, following the decline in all of the five major sectors of the market. Furthermore, the market breadth closed at par, recording an equal number of gainers and losers.

Nigerian Stock Exchange 2

NSE Trading Floor

In summary, the All-Share Index (ASI) dropped by 54.15 absolute points, representing a drop of 0.13% to close at 41,510.16 points. While the overall Market Capitalization value lost N28.33 billion, representing a decrease of 0.13% to close at N21.72 trillion.  

CHAMPION, RTBRISCOE, LINKASSURE and MORISON emerged as top gainers (by percentage points) for today, with the maximum price appreciation of +10.00%, while NNFM emerged as top loser with a price depreciation of -9.94%.

Today’s market loss was driven by price depreciation in large and medium capitalized stocks amongst which are; NEM(-9.20%),  PZ(-9.73%), ARDOVA(-5.79%), TRANSCORP(-2.91%), FIDELITYBK(-2.69%), INTBREW(-2.58%), DANGSUGAR(-1.75%), ACCESS(-1.16%), UBA(-1.14%), GUINNESS(-1.01%), UBN(-0.86%), ZENITHBANK(-0.77%), UACN(-0.61%), WAPCO(-0.56%), and GUARANTY(-0.46%).

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MARKET STATISTICS

CAP N21,715,821,832,389.16 One Day (ASI CHG) -0.13%
Index 41,510.16 One Week (ASI CHG) -1.27%
Volume 305,927,696 One Month (ASI CHG) +3.46%
Value N3,951,732,662.82 Six Months (ASI CHG) +65.76%
Deals 4,969 52 Weeks (ASI CHG) +47.90%
Gainers 23 Losers 23
Unchanged 63 Total 109
YTD Returns +3.08%

Source: NSE, GTI Research

FMDQ ABOUT

FOREIGN EXCHANGE

The Naira at the official rate remain unchanged to close at N379.00/$1 as against Friday position.

The Investors and Exporters (I&E) FX window opened at N398.42, traded high at N402.00 and eventually closed at N401.00, representing 0.63% depreciation against yesterday’s position. A total of $57.78 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 8.75%, representing a 5.50% depreciation against yesterday’s position, while Open Buy-Back (OBB) rate closed at 8.50%,  representing a 5.50% depreciation as against yesterday’s position.

Sector Performance

Security Change Percent
NSE30 -0.23
NSEBNK -0.52
NSECNSMRGDS -0.25
NSEINDUSTR -0.04
NSEINS -1.73
NSELOTUSISLM -0.12
NSEOILGAS -0.25

Top 7 Losers

Security  Previous Close  Open Price Close Price Change Price % Change
NNFM                               8.65                       8.65 7.79 -0.86 -9.94
NEM                               2.50                       2.50 2.27 -0.23 -9.20
NIGERINS                               0.22                       0.22 0.2 -0.02 -9.09
JAPAULGOLD                               0.79                       0.79 0.72 -0.07 -8.86
MULTIVERSE                               0.26                       0.26 0.24 -0.02 -7.69
ARDOVA                            19.00                    19.00 17.9 -1.1 -5.79
AFRIPRUD                               7.25                       7.25 6.86 -0.39 -5.38

Top 7 Gainers

Security  Previous Close  Open Price Close Price Change Price % Change
CHAMPION                               2.50                       2.30 2.75 0.25 10.00
RTBRISCOE                               0.20                       0.20 0.22 0.02 10.00
LINKASSURE                               0.60                       0.60 0.66 0.06 10.00
MORISON                               0.50                       0.50 0.55 0.05 10.00
WEMABANK                               0.65                       0.65 0.7 0.05 7.69
SOVRENINS                               0.28                       0.28 0.3 0.02 7.14
HONYFLOUR                               1.33                       1.33 1.4 0.07 5.26

Top 7 Traders By Volume

Security  Daily Volume  Daily Value Close Price
FBNH             47,762,880.00   351,056,556.70 7.35
GUINNESS             37,244,912.00   732,328,825.90 19.65
RTBRISCOE             26,831,212.00       5,899,131.11 0.22
ZENITHBANK             25,075,154.00   651,001,729.35 25.8
STERLNBANK             19,998,162.00     38,150,997.54 1.91
UACN             13,543,152.00   111,470,769.95 8.2
TRANSCORP             13,279,853.00     13,370,405.18 1

Top 7 Traders By Value

Security  Daily Volume  Daily Value Close Price
GUINNESS             37,244,912.00   732,328,825.90 19.65
ZENITHBANK             25,075,154.00   651,001,729.35 25.8
MTNN               2,893,967.00   521,230,510.20 180
NESTLE                  270,232.00   384,969,580.20 1450
FBNH             47,762,880.00   351,056,556.70 7.35
GUARANTY               7,599,775.00   248,790,294.45 32.7
STANBIC               4,124,788.00   185,616,765.85 45

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