Bearish sentiment returns as stock market declined 0.04%

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Trading activities in the Nigerian Stock Market for today (Wednesday) was unable to sustain yesterday’s positive sentiment, as the NSE-ASI and Market Capitalization decreased by 0.04%, following investors’  bearish sentiment on the Banking sector, Insurance sector, and the Consumers good sector. Furthermore, the market breadth closed marginally negative, recording 13 losers against 12 gainers.

Nigerian Stock Exchange 2

NSE Trading Floor

In summary, the All-Share Index (ASI) reduced by 14.68 absolute points, representing a decline of 0.04% to close at 38,706.13 points. While the overall Market Capitalization value lost N83.18 billion, representing an decrease of 0.04% to close at N20.25 trillion.

WAPIC emerged as the top loser with a maximum price depreciation of -9.09%, while NCR emerged as the top gainer (by percentage points) for today, with a maximum price appreciation of +10.00%. 

Today’s market lose was driven by price depreciation in large and medium capitalized stocks amongst which are; NEIMETH(-9.09%)VITAFOAM(-5.16%), MANSARD(-5.05%), NEM(-4.57%), JAPAULGOLD(-2.08%), FIDELITYBK(-1.79%), GUARANTY(-1.75%), WEMABANK(-1.67%), FBNH(-1.37%), and FCMB(-0.35%).

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MARKET STATISTICS

 

CAP N20,251,235,873,869.98 One Day (ASI CHG) -0.04%
Index 38,706.13 One Week (ASI CHG) -0.58%
Volume 177,396,341 One Month (ASI CHG) -4.42%
Value N2,676,864,738.17 Six Months (ASI CHG) +51.49%
Deals 4,103 52 Weeks (ASI CHG) +71.70%
Gainers 12 Losers 13
Unchanged 72 Total 97
YTD Returns -3.89%

Source: NSE, GTI Research 

FMDQ ABOUT

FOREIGN EXCHANGE

The Naira at the official rate remains unchanged to close at N379.00/$1 as against last Tuesday’s position.

The Investors and Exporters (I&E) FX window opened at N409.78 traded high at N412.00 and eventually closed at N409.75representing 0.00% depreciation against yesterday’s position. Also, a total of $148.54 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 13.50%, representing a 3.00% depreciation against Tuesday’s position, while Open Buy-Back (OBB) rate closed at 12.67%,  representing a 2.42% depreciation as against Tuesday’s position.

Sector Performance

Security Change Percent
NSE30 -0.05
NSEBNK -0.42
NSECNSMRGDS -0.02
NSEINDUSTR 0.00
NSEINS -1.03
NSELOTUSISLM 0.00
NSEOILGAS 1.27

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
WAPIC 0.50 0.50 0.55 0.05 10.00
SFSREIT 62.40 62.40 68.60 6.20 9.94
OANDO 3.00 3.00 3.29 0.29 9.67
UNITYBNK 0.66 0.66 0.72 0.06 9.09
LIVESTOCK 1.90 1.90 1.95 0.05 2.63
PRESTIGE 0.43 0.43 0.44 0.01 2.33
HONYFLOUR 1.23 1.23 1.25 0.02 1.63

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
NCR 3.09 3.09 2.79 -0.30 -9.71
NEIMETH 2.09 2.09 1.90 -0.19 -9.09
VITAFOAM 7.75 7.75 7.35 -0.40 -5.16
MANSARD 0.99 0.99 0.94 -0.05 -5.05
NEM 2.19 2.19 2.09 -0.10 -4.57
NAHCO 2.20 2.20 2.10 -0.10 -4.55
JAPAULGOLD 0.48 0.48 0.47 -0.01 -2.08

Top 7 Traders By Volume

Security  Daily Volume   Daily Value  Close Price
GUARANTY    34,196,308.00    957,797,294.70 28.00
ZENITHBANK    28,448,895.00    572,060,446.80 20.50
UBA    17,680,478.00    122,108,519.85 7.00
TRANSCORP    17,640,541.00      14,276,646.49 0.82
ACCESS    10,531,134.00      82,020,623.35 7.80
FBNH      8,346,348.00      59,698,481.20 7.20
FIDELITYBK      6,965,964.00      15,299,628.22 2.19

Top 7 Traders By Value

Security  Daily Volume   Daily Value  Close Price
GUARANTY    34,196,308.00    957,797,294.70 28.00
ZENITHBANK    28,448,895.00    572,060,446.80 20.50
SEPLAT          483,106.00    265,625,177.00 550.00
STANBIC      5,047,606.00    201,885,488.05 40.00
DANGCEM          562,154.00    123,682,646.80 227.80
UBA    17,680,478.00    122,108,519.85 7.00
ACCESS    10,531,134.00      82,020,623.35 7.80

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