Bearish sentiment persists as equity market dipped by 0.56%

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Trading activities in the Nigerian Equity market extended its bearish trend to six consecutive trading sessions as the NSE All Share Index, the major performance indicator fell by 0.56%. Similarly, market breadth closed negative, with 8 gainers as against 26 losers.

NSE Trading Floor

The All Share Index (ASI) decreased by 158.08 absolute points, representing a decline of 0.56% to close at 28,042.80 points. Similarly, the Market Capitalization lost N77.05 billion, representing a dip of 0.56% and closed at N13.67 trillion.

AGLEVENT emerged the top gainer  while JBERGER emerged as top loser

The downtrend was impacted by losses recorded in large and medium capitalized stocks, amongst which are; JBERGER (-9.77%) HONYFLOUR (-7.07%), WEMABANK (-6.67%), FCMB (-4.38%), FLOURMILL (-4.11%), ACCESS (-3.13%), WAPCO (-2.63%) UBA (-1.75%), STANBIC (-1.27%), GUARANTY (-1.02%), FO (-0.80%), ZENITHBANK (-0.80%), DANGSUGAR (-0.48%), NESTLE (-0.40%), and DANGCEM (-0.29%).

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MARKET STATISTICS  

CAP N13,666,673,062,956.91 One Day (ASI CHG) -0.56%
Index 28,042.80 One Week (ASI CHG) -4.15%
Volume 243,717,849 One Month (ASI CHG) -6.33%
Value N3,887,398,168.70 Six Months (ASI CHG) -8.31%
Deals 3,449 52 Weeks (ASI CHG) -24.13%
Gainers 8 Losers 26
Unchanged 59 Total 93
  YTD Returns -10.78%  

Source: NSE, GTI Research

 

FOREIGN EXCHANGE

The Naira exchange rate remain unchanged to close at  N306.95/$1  as against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N360.99, traded high at N362.50 and eventually closed at N361.61 representing a 0.10% depreciation as against yesterday’s closing position. A total of $340.04 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 4.50%, representing 1.43% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 3.86%, representing a 1.36% appreciation against yesterday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 883.82 898.46 -14.64 bps
T.Bills 457.63 454.41 -3.22 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

NASD OTC MARKET         

The NASD market closed positive after today’s trading transaction to halt its last two loosing streak, as the Unlisted Securities Index (USI) grew by 1.35% to close at 735.01 points against yesterday’s index. Similarly, the Market Capitalization lost N7.05 billion, to close at N528.06 billion. The market activities measured by aggregate volume by 45.29% while the value declined 90.43%. Investors traded a total of 469,084 units of shares valued at N8.90 million  in 9 deals.

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Sector Performance       

Sector %    Change
NSE30 -0.83
BANKING -1.44
CONSUMER GOODS -0.77
INDUSTRIAL -0.68
INSURANCE -1.54
LOTUS ISLAMIC -0.45
OIL/GAS -0.05

Top 7 Gainers   

Company Pclose Open Close Change % Change
AGLEVENT 0.30 0.30 0.33 0.03 10.00
CHAMS 0.25 0.25 0.27 0.02 8.00
MBENEFIT 0.20 0.20 0.21 0.01 5.00
COURTVILLE 0.21 0.21 0.22 0.01 4.76
CHIPLC 0.30 0.30 0.31 0.01 3.33
LASACO 0.34 0.34 0.35 0.01 2.94
UACN 5.80 5.80 5.90 0.10 1.72

Top 7 Losers           

Company Pclose Open Close Change % Change
JBERGER 19.95 19.95 18.00 -1.95 -9.77
NAHCO 2.60 2.60 2.35 -0.25 -9.62
UNITYBNK 0.65 0.65 0.59 -0.06 -9.23
MANSARD 1.80 1.80 1.65 -0.15 -8.33
HONYFLOUR 0.99 0.99 0.92 -0.07 -7.07
WEMABANK 0.60 0.60 0.56 -0.04 -6.67
FCMB 1.60 1.60 1.53 -0.07 -4.38

 Top 7 Traders By Volume    

Company Volume Value(₦) Current Price
GUARANTY                             77,510,081                    2,269,210,086 29.20
FBNH                             29,467,823                       163,770,599 5.60
UBA                             13,642,722                         76,504,499 5.60
ZENITHBANK                             13,283,936                       247,415,431 18.60
LASACO                             11,301,390                           3,923,203 0.35
FCMB                               8,837,476                         13,873,220 1.53
MBENEFIT                               8,642,469                           1,729,854 0.21

 Top 7 Traders By Value     

Company Volume Value(₦) Current Price
GUARANTY                             77,510,081               2,269,210,085.60 29.20
DANGCEM                               1,861,990                  317,530,346.00 170.00
ZENITHBANK                             13,283,936                  247,415,431.25 18.60
STANBIC                               4,275,949                  166,749,538.10 39.00
FBNH                             29,467,823                  163,770,598.50 5.60
NESTLE                                    85,519                  105,748,914.50 1245.00
UBA                             13,642,722                    76,504,498.60 5.60

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