Bears tighten grip on the stock market, as NGX-ASI closed the week in the south

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NGX

Transactions on the Nigerian equity market closed for today (Friday) on a bearish note, extending the negative sentiments to two consecutive trading sessions. The bearish performance was impacted by investors’ sell-off sentiments in financial and oil& gas stocks. Hence, the ASI and Market Capitalization plunged by 1.24%. Furthermore, the market breadth closed marginally negatively, recording 21 losers as against 20 gainers.

Nigerian Stock Exchange 2

NSE Trading Floor

In summary, the All-Share Index (ASI) declined by 475.68 absolute points, representing a loss of 1.24% to close at 37,994.19 points. Similarly, the overall Market Capitalization value shed N247.84 billion, representing a decrease of 1.24% to close at N19.80 trillion.

FTNCOCOA emerged as the top gainer (by percentage points) for today, with a maximum price appreciation of +9.99 while AIRTELAFRI emerged as a  top loser (by percentage points) with a maximum price depreciation of -9.68%.

Today’s market downturn was driven by price depreciation in large and medium capitalized stocks amongst which are; AIRTELAFRI(-9.99%), NEM(-9.09%) REGALINS(-8.16%), ETERNA(-5.61%), CHIPLC(-4.13%), VITAFOAM(-4.63%), COURTVILLE(-4.35%), LINKASSURE(-3.90%), MBENEFIT(-2.44%), TRANSCORP(-2.11%), STERLNBANK(-1.88%), FCMB(-0.99%), NASCON(-0.66%), IKEJAHOTEL(-0.65%), ACCESS(-0.55%), UACN(-0.51%), and ZENITHBANK(-0.20%).

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MARKET STATISTICS

CAP N19,795,523,975,214.43 One Day (ASI CHG) -1.24%
Index 37,994.19 One Week (ASI CHG) -0.57%
Volume 241,839,181.00 One Month (ASI CHG) -3.00%
Value N2,707,756,336.49 Six Months (ASI CHG) -5.30%
Deals 3,819.00 52 Weeks (ASI CHG) +56.51%
Gainers 20 Losers 21
Unchanged 66 Total 101
YTD Returns -5.65%

Source: Ngxgroup.com, GTI Research 

Sector Performance

 Security   Change Percent 
 ASI -1.24
 NGXBNK -0.18
 NGXCNSMRGDS 0.00
 NGXINDUSTR 0.02
 NGXINS -1.72
 NGXLOTUSISLM 0.00
 NGXOILGAS -0.13

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
FTNCOCOA 0.31 0.31 0.34 0.03 9.68
JOHNHOLT 0.67 0.67 0.73 0.06 8.96
UNITYBNK 0.55 0.55 0.59 0.04 7.27
NEIMETH 1.70 1.70 1.80 0.10 5.88
WAPIC 0.56 0.56 0.59 0.03 5.36
UPDC 1.15 1.15 1.21 0.06 5.22
HONYFLOUR 1.57 1.57 1.65 0.08 5.10

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
AIRTELAFRI 667.70 667.70 601.00 -66.70 -9.99
NAHCO 2.59 2.59 2.34 -0.25 -9.65
NEM 2.20 2.20 2.00 -0.20 -9.09
REGALINS 0.49 0.49 0.45 -0.04 -8.16
REDSTAREX 3.31 3.31 3.11 -0.20 -6.04
ETERNA 6.77 6.77 6.39 -0.38 -5.61
CHIPLC 0.74 0.74 0.70 -0.04 -5.41

Top 7 Traders By Volume

Security Close Price  Daily Volume   Daily Value 
GTCO        29.45   30,971,474.00   909,730,795.05
COURTVILLE          0.22   22,179,271.00       4,844,913.72
CHAMS          0.20   12,002,689.00       2,400,557.80
FIDELITYBK          2.31   11,506,293.00     26,601,532.58
TRANSCORP          0.93   10,942,335.00     10,208,642.89
CUSTODIAN          6.50   10,405,340.00     63,475,499.10
FBNH          7.70   10,039,921.00     76,518,947.45

Top 7 Traders By Value

Security  Close Price   Daily Volume   Daily Value 
GTCO        29.45        30,971,474   909,730,795.05
DANGCEM      230.00          2,027,353   466,150,556.50
ZENITHBANK        24.95          9,870,808   246,158,277.95
MTNN      164.00             944,617   154,823,285.20
FLOURMILL        29.85          4,766,649   142,287,881.35
CADBURY          8.60          9,778,823     84,098,308.50
ACCESS          9.10          8,434,337     77,005,297.90

NASD OTC

Trading activities on the NASD OTC closed on a flat note. The NASD Security Index (NSI) and Market Capitalisation remained unchanged to close at 744.39 points and N529.12 billion respectively. The total volume of securities traded stood at 1,381,963 valued at N25,077,753.20.

NASD OTC 09082021

SDNGXGROUP  gained +2.91% while, SDFCWAMCO, and SDNEWREST remained unchanged.  

 

 

Source: Nasdng.com, GTI Research

Click here for NASD OTC price list

 

FMDQ

MONEY MARKET 09072021

The overnight (O/N) rate closed at 20.50%, appreciating by 8.75% against Thursday’s position. while Open Buy-Back (OBB) rate closed at 19.75%, appreciating by 8.50% against Thursday’s position.

 

FOREIGN EXCHANGE 080720211

The I&E FX window opened at N411.75, traded high at N420.86, traded low at N400.00, and eventually closed at N411.75, depreciating by 0.12% against Thursday’s closing position. However, at the BDC, the naira remains unchanged at N500.00.

FOREIGN RESERVE 090802021

Nigeria’s foreign reserve strengthened by $0.64 million to $33.12 billion on (08/07/2021).

 

CRUDE OIL 07072021

The Brent crude declined by $1.1 to $73.43 on (07/07/2021) from $74.53 (06/07/2021), representing a 1.48% decrease in price. While Bonny Light remained unchanged at $74.16.

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