Bears claw at Local bourse as NSE-ASI halts two days positive momentum

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Transactions on the Nigeria equity market today (Friday) ended the trading week on a negative note with a dip of 0.17%, to halt the previous positive momentum of two consecutive trading days. The downturn was buoyed by persistent profit-taking on some blue-chip stocks like GUARANTY, UBA, DANGSUGAR and 9 other. Consequently, the market breadth closed on a negative note, recording 12 losers as against 10 gainers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 42.40 absolute points, representing a dip of 0.17% to close at 24,287.66 points. Similarly, the overall Market Capitalization size shed N22.37 billion, representing a contraction of 0.17% to close at N12.67 trillion

GLAXOSMITH emerged as the top gainer while LINKASSURE emerged as the top loser.

The downturn was impacted by loses recorded in large and medium capitalized stocks, amongst which are; JAPAULOIL (-8.33%), NB (-2.28%), GUARANTY (-2.27%), DANGSUGAR (-1.64%) UBN (-0.92%) and UBA (-0.81%).

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MARKET STATISTICS

CAP N12,669,877,915,818.99 One Day (ASI CHG) -0.17%
Index 24,287.66 One Week (ASI CHG) -0.08%
Volume 160,501,175 One Month (ASI CHG) -2.74%
Value N1,472,571,829.19 Six Months (ASI CHG) -18.00%
Deals 2,997 52 Weeks (ASI CHG) -13.39%
Gainers 10 Losers 12
Unchanged 69 Total 92
YTD -9.52%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Friday closed at 381.00/$1, unchanged against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N388.07, traded high at N390.50, and eventually closed at N388.50, representing a 0.13% depreciation against the previous day’s closing position. A total of $37.04 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 21.75%, representing an 18.33% appreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 20.33%, representing a 17.67% appreciation against the previous day’s position.

 

FIXED INCOME
Securities Close P. Close Change
Bond 317.39 308.54 +8.85 bps
T.Bills 219.07 223.47 -4.40 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

 The NASD OTC market today (Friday) closed on a negative note, as the Unlisted Securities Index (USI) closed at 706.44, representing a 0.84% depreciation against the previous day’s closing position. Similarly, Market Capitalization shed N4.41 billion closed at N518.93 billion, representing a 0.84% depreciation against the previous day’s closing position. Consequently, the aggregate volume decreased by 42.89% while the aggregated value increased by 979.61%, as investors traded a total of 750,578 shares, worth N157.54 million in 11 deal.

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Sector Performance

Sector % Change
NSE30 -0.22
BANKING -0.81
CONSUMER GOODS -0.51
INDUSTRIAL 0.00
INSURANCE -0.87
LOTUS ISLAMIC -0.01
OIL/GAS 0.67

 

Top 7 Gainers

Company Pclose Open Close Change % Change
GLAXOSMITH 4.35 4.35 4.75 0.40 9.20
ARDOVA 11.65 11.65 12.55 0.90 7.73
CHAMS 0.22 0.22 0.23 0.01 4.55
NAHCO 1.98 1.98 2.06 0.08 4.04
CAVERTON 1.83 1.83 1.90 0.07 3.83
OANDO 2.23 2.23 2.31 0.08 3.59
ACADEMY 0.32 0.32 0.33 0.01 3.13

 

Top 7 Losers

Company Pclose Open Close Change % Change
LINKASSURE 0.44 0.44 0.40 -0.04 -9.09
JAPAULOIL 0.24 0.24 0.22 -0.02 -8.33
REGALINS 0.23 0.23 0.22 -0.01 -4.35
TRANSCORP 0.62 0.62 0.60 -0.02 -3.23
NEM 2.06 2.06 2.00 -0.06 -2.91
NB 30.70 30.70 30.00 -0.70 -2.28
GUARANTY 22.00 22.00 21.50 -0.50 -2.27

 

Top 7 Traders By VolumeTop

Company Volume Value(₦) Current Price
CUSTODIAN                            14,053,200                        67,456,335 4.80
JAPAULOIL                            12,223,954                          2,713,520 0.22
NB                            11,660,057                      349,610,055 30.00
MBENEFIT                            11,543,038                          2,331,446 0.21
FBNH                            11,331,266                        56,496,756 5.00
WAPCO                            11,098,973                      122,087,101 11.00
UBA                              9,122,373                        56,917,751 6.15

 

7 Traders By Value

Company Volume Value(₦) Current Price
NB                            11,660,057                 349,610,055.10 30.00
SEPLAT                                 717,430                 249,235,182.00 386.00
GUARANTY                              7,236,063                 156,341,326.35 21.50
ZENITHBANK                              8,284,222                 130,640,547.45 15.75
WAPCO                            11,098,973                 122,087,100.50 11.00
MTNN                                 577,922                   68,736,485.50 118.00
CUSTODIAN                            14,053,200                   67,456,335.00 4.80

 

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