Blue-Chip Losses Extends NGX-ASI Bearish Run to Four Consecutive Trading Days

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Trading activities on the Nigerian bourse today (Thursday) closed on a negative trajectory, extending profit-taking sentiments to four consecutive trading days. As a result, NGX-ASI and market capitalization dipped by 0.30%, following price depreciation in blue-chip stocks like DANGCEM, UBA, ACCESS, and 15 others. Consequently, the market breadth closed marginally negative, recording 19 losers against 18 gainers.

Nigerian Stock Exchange 2

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 116.96 absolute points, representing a decline of 0.30% to close at 38,328.13 points. While the overall Market Capitalization value lost N61 billion, representing a dip of 0.30% to close at N19.78trillion.

TRANSEXPR emerged as the top gainer (by percentage points) for today, with a maximum price appreciation of 9.88%, while SUNUASSURANCE emerged as the top loser (by percentage points) with a maximum price depreciation of -9.62%.

Today’s market downturn was driven by price depreciation in large and medium capitalized stocks amongst which are; ROYALEX(-9.33%), REGALINS(-8.11%), LINKASSURE(-7.69%), STERLINGBANK(-7.69%), UAC-PROF(-7.06%), AFRIPRUD(-3.23%), UNILEVER(-3.17%), MBENEFIT(-2.33%), TRANSCORP(-2.27%) DANGCEM(-1.87%), JAPAULOIL(-1.75%), GLAXOSMITHLINE(-1.59%), UBA(-1.36%), ACCESS(-1.19%), and UCAP(-0.81%).

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MARKET STATISTICS

CAP N19,977,529,720,700.59 One Day (ASI CHG) -0.30%
Index 38,328.13 One Week (ASI CHG) -2.68%
Volume 157,261,295.00 One Month (ASI CHG) -1.34%
Value N1,739,968,266.99 Six Months (ASI CHG) +12.28%
Deals 2,824.00 52 Weeks (ASI CHG) +60.09%
Gainers 18 Losers 19
Unchanged 66 Total 103
YTD Returns -4.82%

Source: Ngxgroup.com, GTI Research 

 

 

FMDQ ABOUT

FOREIGN EXCHANGE

The Investors and Exporters (I&E) FX window opened at N411.00 traded high at N426.90, low at N360.00, and eventually closed at N411.31,  representing a 0.14% depreciation against Wednesday’s closing position. Also, a total of $131.16million was transacted through the I&E window today.

MONEY MARKET

The overnight (O/N) rate closed at 15.25%, representing a 0.25% appreciation as against Wednesday’s position. while Open Buy-Back (OBB) rate closed at 15.00%, representing a 0.50% appreciation as against Wednesday’s position.

Sector Performance

Security Change Percent
NSE30 -0.31
NSEBNK -0.11
NSECNSMRGDS 0.39
NSEINDUSTR -0.89
NSEINS 0.35
NSELOTUSISLM -0.4
NSEOILGAS 0.05

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
TRANSEXPR 0.81 0.81 0.89 0.08           9.88
PRESTIGE 0.46 0.46 0.49 0.03           6.52
CHAMS 0.21 0.21 0.22 0.01           4.76
SOVRENINS 0.26 0.26 0.27 0.01           3.85
AIICO 1.25 1.25 1.29 0.04           3.20
NB 54.8 54.8 56 1.2           2.19
CORNERST 0.52 0.52 0.53 0.01           1.92

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
SUNUASSUR 0.52 0.52 0.47 -0.05 –        9.62
ROYALEX 0.75 0.75 0.68 -0.07 –        9.33
REGALINS 0.37 0.37 0.34 -0.03 –        8.11
LINKASSURE 0.65 0.65 0.6 -0.05 –        7.69
STERLNBANK 1.69 1.69 1.56 -0.13 –        7.69
UAC-PROP 0.85 0.85 0.79 -0.06 –        7.06
UNITYBNK 0.6 0.6 0.57 -0.03 –        5.00

Top 7 Traders By Volume

Security Close Price  Daily Volume   Daily Value 
ZENITHBANK 23   27,566,288     634,191,136.00
ACCESS 8.3   19,624,738     161,760,998.60
FBNH 7.2   13,488,654        96,886,460.65
GUARANTY 29.5   11,938,844     352,255,703.30
VERITASKAP 0.2   10,479,000          2,095,800.00
FIDELITYBK 2.33      5,575,984        12,743,234.29
MBENEFIT 0.42      4,540,812          1,934,137.44

Top 7 Traders By Value

Security Close Price  Daily Volume   Daily Value
ZENITHBANK 23   27,566,288     634,191,136.00
GUARANTY 29.5   11,938,844     352,255,703.30
ACCESS 8.3   19,624,738     161,760,998.60
FBNH 7.2   13,488,654        96,886,460.65
SEPLAT 682            80,227        54,723,058.10
DANGCEM 210         193,073        40,616,314.30
NB 56         617,357        34,653,112.05

 

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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