Bears continue to rule as Equity index sheds 0.48%

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The Equity Market closed lower on Wednesday, shedding 0.48% to extends losing streak to four consecutive trading days. Market breadth closed negative, recording 12 gainers and 23 losers.

 

NSE Trading Floor

 

In summary, the All Share Index (ASI) was down by 150.24 absolute points, representing a decrease of 0.48%, closing at 31,023.47 points. Similarly, Market Capitalization decreased by N54.83 billion representing a dip of 0.48%, closing at N11.33 trillion.

CONTINSURE  emerged the top gainer while DIAMONDBNK emerged the top loser.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; OANDO (-9.06%), FBNH (-4.00%), UBA (-2.00%), DANGCEM (-1.55%), ZENITHBANK (-1.48%), ACCESS (-1.41%), HONYFLOUR (-0.90%), and DANGFLOUR (-0.80%),  NB (-0.50%).

 

Click here for more on NSE Daily Price List

 

MARKET STATISTICS

CAP N11,325,981,212,086.55 One Day (ASI CHG) -0.48
Index 31,023.47 One Week (ASI CHG) -2.96
Volume 220,396,007 One Month (ASI CHG) -5.72
Value N2,726,745,882.46 Six Months (ASI CHG) -21.11
Deals 3,252 52 Weeks (ASI CHG) -17.28
Gainers 12 Losers 23
Unchanged 59 Total 94
YTD Returns -18.88

Source: NSE, GTI Research

 

 

FOREIGN EXCHANGE

The Naira at the inter-bank rate remain unchanged to closed at N306.80  against Tuesday’s closing price.

The Investors and Exporters (I&E) FX window opened at N363.87, traded high at N365.50 and eventually closed at N364.15, representing a 0.02% appreciation against Tuesday’s closing price. A total of $134.90 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight (O/N) rate closed at 18.00%, representing a 0.79% appreciation against Tuesday’s closing position, while Open Buy-Back (OBB) rate also closed  at 17.17% representing a 0.88% appreciation against Tuesday’s closing position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 847.13 844.11 3.02 bps
T.Bills 482.96 493.41 +10.45 bps
Note: BPS=> Basis Point

Source: FMDQ, GTI Research

 

Sector Performance

Sector %    Change
NSE30 -0.48
BANKING -0.17
CONSUMER GOODS 0.08
INDUSTRIAL -0.42
INSURANCE 0.51
LOTUS ISLAMIC -0.35
OIL/GAS -0.79

 

Top 7 Gainers

Company Pclose Open Close Change % Change
CONTINSURE 1.7 1.87 1.87 0.17 10.00
MAYBAKER 2.31 2.31 2.54 0.23 9.96
CUTIX 1.66 1.66 1.82 0.16 9.64
PZ 10.55 10.55 11.4 0.85 8.06
AGLEVENT 0.27 0.27 0.29 0.02 7.41
WAPCO 13 13 13.35 0.35 2.69
CADBURY 9.75 9.75 10 0.25 2.56

 

Top 7 Losers

Company Pclose Open Close Change % Change
DIAMONDBNK 0.81 0.81 0.73 -0.08 -9.88
NEM 2.6 2.6 2.37 -0.23 -8.85
WEMABANK 0.57 0.57 0.52 -0.05 -8.77
NEIMETH 0.6 0.6 0.56 -0.04 -6.67
UNITYBNK 0.78 0.78 0.73 -0.05 -6.41
OANDO 4.95 4.95 4.65 -0.3 -6.06
NPFMCRFBK 1.56 1.56 1.47 -0.09 -5.77

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
ACCESS                       54,167,096.00                 385,412,677.90 7
FCMB                       31,524,625.00                   45,714,847.61 1.44
DIAMONDBNK                       16,655,644.00                   12,657,632.04 0.73
UBA                       11,515,007.00                   85,185,347.55 7.35
REGALINS                       11,098,000.00                     2,220,110.00 0.2
NB                       10,693,890.00                 848,329,376.00 79
TRANSCORP                       10,189,102.00                   11,746,922.96 1.15

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
NB                       10,693,890.00                 848,329,376.00 79
NESTLE                            342,454.00                 508,062,586.60 1485
ACCESS                       54,167,096.00                 385,412,677.90 7
ZENITHBANK                         5,511,017.00                 128,919,363.65 23.25
INTBREW                         3,020,000.00                   92,852,000.00 30.75
CAP                         2,649,948.00                   91,150,953.20 34.95
UBA                       11,515,007.00                   85,185,347.55 7.35

 

GTI

GTI is a leading Nigerian Investment Banking group with proven expertise in Financial advisory, Securities Dealing (Fixed Income and Equities), Asset management and Deal Origination. We have strong capacity in financial service delivery.

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