Bellwethers sustains equity market seesaw movement

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Trading activities on Nigeria Equity Market today (Friday) closed on a negative note to reverse yesterday’s gain, as NSE-ASI Index and Market Cap dipped by 1.37%, sustaining the market seesaw movement. The decline was buoyed by sell-off pressure in some bellwether stocks like BUACEMENT, DANGCEM, MTNN and 8 others. Conversely, the market breadth closed largely positive, recording 26 gainers against 11 losers.

Nigerian Stock Exchange 2

NSE Trading Floor

In summary, the All-Share Index (ASI) dipped by 532.45 absolute points, representing a decrease of 1.37% to close at 38,382.39 points. While the overall Market Capitalization value lost N278.58 billion, representing a decrease of 1.37% to close at N20.08 trillion.

LASACO emerged as the top loser with a maximum price depreciation of -6.92%, while IKEJAHOTEL emerged as the top gainer (by percentage points) for today, with a maximum price appreciation of +10.00%. 

Today’s market lost was driven by price depreciation in large and medium capitalized stocks amongst which are; BUACEMENT(-6.42%), NEIMETH(-6.32%), OANDO(-4.39%),  DANGCEM(-3.42%),  OKOMUOIL(-3.23%), MTNN(-1.81%), and UAC-PROP(-1.25%).

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MARKET STATISTICS

 

CAP N20,081,857,298,706.83 One Day (ASI CHG) -1.37%
Index 38,382.39 One Week (ASI CHG) -0.69%
Volume 290,615,950 One Month (ASI CHG) -4.55%
Value N4,017,766,192.15 Six Months (ASI CHG) +50.09%
Deals 4,311 52 Weeks (ASI CHG) +73.84%
Gainers 26 Losers 11
Unchanged 62 Total 99
YTD Returns -4.69%

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 N410.15 traded high at N412.00 and eventually closed at N410.00representing 0.08% depreciation against yesterday’s position. Also, a total of $98.20 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 25.50%, representing a 12.75% appreciation against yesterday’s position, while Open Buy-Back (OBB) rate closed at 25.00%,  representing a 12.50% appreciation as against yesterday’s position.

Sector Performance

Security % Change
NSE30 -1.59
NSEBNK 2.80
NSECNSMRGDS 0.08
NSEINDUSTR -4.40
NSEINS 0.94
NSELOTUSISLM -2.38
NSEOILGAS -0.22

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
IKEJAHOTEL 1 1 1.1 0.10 10.00
ETERNA 5.08 5.08 5.58 0.50 9.84
UCAP 4.75 4.75 5.1 0.35 7.37
UBN 5.05 5.05 5.3 0.25 4.95
AFRIPRUD 5.1 5.1 5.35 0.25 4.90
JOHNHOLT 0.44 0.44 0.46 0.02 4.55
JAPAULGOLD 0.47 0.47 0.49 0.02 4.26

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
LASACO 1.3 1.3 1.21 -0.09 -6.92
BUACEMENT 74.75 74.75 69.95 -4.80 -6.42
NEIMETH 1.9 1.9 1.78 -0.12 -6.32
COURTVILLE 0.21 0.21 0.2 -0.01 -4.76
OANDO 3.19 3.19 3.05 -0.14 -4.39
DANGCEM 227.8 227.8 220 -7.80 -3.42
OKOMUOIL 93 93 90 -3.00 -3.23

Top 7 Traders By Volume

Security Daily Volume Daily Value Close Price
ZENITHBANK          66,099,533    1,481,229,392.40 22.50
UNITYBNK          51,814,077          37,310,120.25 0.72
GUARANTY          39,385,554    1,227,791,761.40 31.00
AIICO          26,842,587          33,223,353.18 1.24
ACCESS          12,699,687        101,075,525.70 8.05
UBA          12,112,292          86,257,651.75 7.15
FBNH            7,933,985          57,590,904.75 7.30

Top 7 Traders By Value

Security Daily Volume Daily Value Close Price
ZENITHBANK          66,099,533    1,481,229,392.40 22.50
GUARANTY          39,385,554    1,227,791,761.40 31.00
SEPLAT                454,138        246,856,704.40 550.00
MTNN            1,479,058        234,863,614.40 157.00
ACCESS          12,699,687        101,075,525.70 8.05
UBA          12,112,292          86,257,651.75 7.15
CAP            3,420,622          68,577,430.05 20.00

 

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