Bellwether stocks drags equity market lower, shed 1.53%

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Activities on the Nigerian equity market today (Tuesday) closed on a negative note with a dip of 1.53%, reversing previous day’s positive sentiment. The decline was supported by persistent sell pressure on big-name stocks like DANGCEM, ACCESS, ZENITHBANK and 31 other. Consequently, the market breadth closed on a negatively, recording 34 losers as against 10 gainers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 379.66 absolute points, representing a dip of 1.53% to close at 24,479.16 points. Similarly, the overall Market Capitalization size shed N198.05 million, representing a decrease of 1.53% to close at N12.77 trillion.

NEIMETH emerged as the top gainer while CADBURY & BUACEMENT emerged as the top losers.

The downturn was impacted by loses recorded in large and medium capitalized stocks, amongst which are; BUACEMENT (-10.00%), JAPAULOIL (-8.70%), WAPCO (-7.41%), UBN (-6.35%), OANDO (-4.17%), GUINNESS (-3.33%), FLOURMILL (-2.81%), GUARANTY (-1.34%), ETI (-1.00%), FBNH (-0.94%) DANGCEM (-0.78%), ACCESS (-0.76%)  and ZENITHBANK (-0.62%).

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MARKET STATISTICS

CAP N12,769,811,217,754.13 One Day (ASI CHG) -1.53%
Index 24,479.16 One Week (ASI CHG) -1.10%
Volume 280,667,420 One Month (ASI CHG) -2.73%
Value N3,138,508,253.04 Six Months (ASI CHG) -8.01%
Deals 4,464 52 Weeks (ASI CHG) -18.31%
Gainers 10 Losers 34
Unchanged 54 Total 98
YTD -8.80%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Tuesday closed unchanged at 361.00/$1, against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N387.10, traded high at N389.99, and eventually closed at N386.50, representing a 0.13% depreciation against the previous day’s closing position. A total of $14.37 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 16.00%, representing a 0.33% appreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 15.00%, representing a 0.08% appreciation against the previous day’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 393.47 380.02 -13.45 bps
T.Bills 189.13 211.92 +22.79 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

 The NASD OTC market on Tuesday closed unchanged, as the Unlisted Securities Index (USI) closed at 715.51, against the previous day’s closing position. Similarly, Market Capitalization closed at N525.59 billion, unchanged against the previous day’s closing position. However, the aggregate volume and aggregated value decreased by 82.44% and 79.15% respectively, as investors traded a total of 11,450 shares, worth N1.36 million in 3 deal.

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Sector Performance

Sector % Change
NSE30 -1.70
BANKING -1.32
CONSUMER GOODS 0.18
INDUSTRIAL -7.50
INSURANCE -0.04
LOTUS ISLAMIC -2.79
OIL/GAS -0.43

 

Top 7 Gainers

Company Pclose Open Close Change % Change
OKOMUOIL 70.40 70.40 77.40 7.00 9.94
NB 35.00 35.00 36.10 1.10 3.14
VITAFOAM 5.30 5.30 5.59 0.29 5.47
NEIMETH 1.50 1.50 1.65 0.15 10.00
LAWUNION 0.97 0.97 1.03 0.06 6.19
ABCTRANS 0.51 0.51 0.56 0.05 9.80
ARDOVA 11.75 11.75 11.80 0.05 0.43

 

Top 7 Losers

Company Pclose Open Close Change % Change
CADBURY 7.50 7.50 6.75 -0.75 -10.00
BUACEMENT 43.00 43.00 38.70 -4.30 -10.00
UNITYBNK 0.53 0.53 0.48 -0.05 -9.43
BERGER 7.45 7.45 6.75 -0.70 -9.40
LEARNAFRCA 1.29 1.29 1.17 -0.12 -9.30
TRANSEXPR 0.88 0.88 0.80 -0.08 -9.09
CUTIX 1.76 1.76 1.60 -0.16 -9.09

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
FBNH                            68,210,769                      365,019,350 -0.05
NB                            22,520,497                      805,421,494 1.10
JAPAULOIL                            17,828,200                          3,824,586 -0.02
ABBEYBDS                            14,000,000                        14,700,000 0.00
FCMB                            10,216,098                        19,187,787 0.03
ZENITHBANK                              9,806,498                      158,060,689 -0.10
UBA                              9,126,366                        56,354,769 0.00

 


Top 7 Traders By Value

Company Volume Value(₦) Current Price
NB                            22,520,497                 805,421,493.65 36.10
DANGCEM                              4,822,854                 612,039,979.10 127.00
NESTLE                                 302,466                 369,330,026.80 1256.80
FBNH                            68,210,769                 365,019,350.40 5.25
ZENITHBANK                              9,806,498                 158,060,689.25 16.10
GUARANTY                              5,058,244                 112,465,754.95 22.05

 

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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