DANGCEM, 14 others drag ASI to sustain previous loss, shed 0.79%

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The equity market closed lower on Wednesday, shedding 0.79% to sustain yesterday’s negative sentiment. Market breadth closed positive, recording 15 gainers and 14 losers.

 

NSE Trading Flour

 

In summary, the All Share Index (ASI) was down by 257.62 absolute points, representing a decrease of 0.79%, closing at 32,454.03 points. Similarly, the Market Capitalization decreased by N94.05 billion, representing a dip of 0.79%, closing at N11.85 trillion.

DIAMONDBNK emerged the top gainer while NIGERINS emerged the top loser

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; NB (-2.73%), DANGCEM (-2.39%), UNILEVER (-2.17%), ACCESS (-1.23%), UBA (-1.19%), FBNH (-1.09%) and ETI (-0.28%).

 

MARKET STATISTICS

CAP N11,848,226,101,871.71 One Day (ASI CHG) -0.79
Index 32,454.03 One Week (ASI CHG) -0.94
Volume 136,731,565 One Month (ASI CHG) -6.84
Value N1,430,739,793.17 Six Weeks (ASI CHG) -20.56
Deals 2,801 52 Weeks (ASI CHG) -8.21
Gainers 15 Losers 14
Unchanged 76 Total 105
YTD Returns -15.14

Source: NSE, GTI Research

 

FOREIGN EXCHANGE

The Naira at the inter-bank rate closed unchanged at N306.40, yesterday’s closing price.

The Investors and Exporters (I&E) FX window opened at N363.94, traded high at N365.30 and eventually closed at N363.78, representing a 0.03% appreciation against yesterday’s closing price. A total of $313.30 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight (O/N) rate closed at 5.00%, representing a 0.58% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate  closed  at 4.25% representing a 0.58% depreciation against yesterday’s closing position.

Fixed Income

Securities P. Close Close Change
Bonds 801.53 805.98 4.45 bps
T.Bills 375.29 374.3 -0.99 bps

Note BPS ==>> Basis Points

Sector Performance

Sector %    Change
NSE30 -0.60
BANKING 0.38
CONGLOMERATE -0.32
CONSUMER GOODS -0.58
INDUSTRIAL -1.33
INSURANCE -0.54
LOTUS ISLAMIC -0.67
OIL/GAS 0.00

Source: NSE, GTI Research

 
Top 7 Gainers

Company Pclose Open Close Change % Change
DIAMONDBNK 1.18 1.18 1.24 0.06 5.08
CUTIX 4.10 4.10 4.30 0.20 4.88
DANGSUGAR 13.90 13.90 14.50 0.60 4.32
LASACO 0.31 0.31 0.32 0.01 3.23
FIDELITYBK 1.80 1.80 1.85 0.05 2.78
REDSTAREX 4.20 4.20 4.30 0.10 2.38
CAVERTON 1.80 1.80 1.84 0.04 2.22

Source: NSE, GTI Research

 
Top 7 Losers

Company Pclose Open Close Change % Change
NIGERINS 0.34 0.34 0.31 -0.03 -8.82
MBENEFIT 0.28 0.28 0.26 -0.02 -7.14
SOVRENINS 0.23 0.23 0.22 -0.01 -4.35
JAIZBANK 0.52 0.52 0.50 -0.02 -3.85
AIICO 0.80 0.80 0.77 -0.03 -3.75
NB 91.50 91.50 89.00 -2.50 -2.73
DANGCEM 205.00 205.00 200.10 -4.90 -2.39

Source: NSE, GTI Research

 
Top 7 Traders By Volume

Company Volume Value(₦) Current Price
FCMB                       38,380,467.00                   65,723,236.43 1.79
UBA                       20,808,622.00                 172,535,624.60 8.30
FIDELITYBK                       19,183,116.00                   35,337,086.33 1.85
ACCESS                         7,897,929.00                   64,153,171.90 8.05
ZENITHBANK                         6,714,593.00                 145,769,106.90 21.80
DIAMONDBNK                         5,331,459.00                     6,402,534.79 1.24
FBNH                         4,700,221.00                   42,806,465.90 9.10

Source: NSE, GTI Research

 
Top 7 Traders By Value

Company Volume Value(₦) Current Price
NESTLE                            285,836.00                 400,069,222.00 1400.00
DANGCEM                            925,374.00                 185,167,418.00 200.10
UBA                       20,808,622.00                 172,535,624.60 8.30
ZENITHBANK                         6,714,593.00                 145,769,106.90 21.80
NB                         1,158,706.00                 105,261,242.40 89.00
GUARANTY                         2,206,090.00                   80,931,937.75 36.70
FCMB                       38,380,467.00                   65,723,236.43 1.79

Source: NSE, GTI Research

 
 

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