DANGCEM & 9 others drag Nigerian equity market lower, shed 0.39%

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Transactions on the Nigeria equity market today (Tuesday) closed negatively, contracting by 0.39%, extending the previous negative sentiment to three consecutive trading days. The downturn was buoyed by persistent sell-pressure on some big-name stocks like DANGCEM, ZENITHBANK and 8 other. However, the market breadth closed on a positive note, recording 14 gainers as against 10 losers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 95.13 absolute points, representing a dip of 0.39% to close at 24,174.45 points. Similarly, the overall Market Capitalization size shed N49.63 billion, representing a contraction of 0.39% to close at N12.61 trillion

LINKASSURE emerged as the top gainer while ETERNA emerged as the top loser.

The downturn was impacted by loses recorded in large and medium capitalized stocks, amongst which are; ETERNA (-10.00%), INTBREW (-9.21%), DANGCEM (-3.17%), HONYFLOUR (-1.04%) and ZENITHBANK (-0.64%).

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MARKET STATISTICS

CAP N12,610,820,155,204.78 One Day (ASI CHG) -0.39%
Index 24,174.45 One Week (ASI CHG) +0.25%
Volume 304,185,443 One Month (ASI CHG) -2.63%
Value N2,100,198,655.28 Six Months (ASI CHG) -17.95%
Deals 3,500 52 Weeks (ASI CHG) -13.24%
Gainers 14 Losers 10
Unchanged 72 Total 96
YTD -9.94%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Tuesday closed at 381.00/$1, unchanged against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N388.50, traded high at N390.00, and eventually closed at N388.17, representing a 0.08% appreciation against the previous day’s closing position. A total of $38.72 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 2.80%, representing a 7.87% depreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 2.10%, representing a 7.07% depreciation against the previous day’s position.

 

FIXED INCOME
Securities Close P. Close Change
Bond 314.63 320.44 -5.81 bps
T.Bills 200.02 219.27 -19.25 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

 The NASD OTC market today (Tuesday) closed, as the Unlisted Securities Index (USI) closed at 706.64, unchanged against the previous day’s closing position. Similarly, Market Capitalization closed at N519.08 billion, unchanged against the previous day’s closing position. Consequently, the aggregate volume and value decreased by 86.47% and 98.78% respectively, as investors traded a total of 8,365 shares, worth N62,260 in 6 deal.

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Sector Performance

Sector % Change
NSE30 -0.49
BANKING -0.07
CONSUMER GOODS -0.06
INDUSTRIAL -1.57
INSURANCE -0.93
LOTUS ISLAMIC -0.44
OIL/GAS 0.00

 

Top 7 Gainers

Company Pclose Open Close Change % Change
LINKASSURE 0.35 0.35 0.38 0.03 8.57
VITAFOAM 5.33 5.33 5.75 0.42 7.88
ROYALEX 0.27 0.27 0.29 0.02 7.41
UNITYBNK 0.49 0.49 0.52 0.03 6.12
TRANSCORP 0.62 0.62 0.65 0.03 4.84
AFRIPRUD 4.01 4.01 4.18 0.17 4.24
NEIMETH 1.35 1.35 1.40 0.05 3.70

 

Top 7 Losers

Company Pclose Open Close Change % Change
ETERNA 2.00 2.00 1.80 -0.20 -10.00
PRESTIGE 0.54 0.54 0.49 -0.05 -9.26
INTBREW 3.80 3.80 3.45 -0.35 -9.21
CORNERST 0.55 0.55 0.50 -0.05 -9.09
CAP 20.65 20.65 18.95 -1.70 -8.23
CUTIX 1.64 1.64 1.54 -0.10 -6.10
DANGCEM 126.00 126.00 122.00 -4.00 -3.17

 

Top 7 Traders By VolumeTop

Company Volume Value(₦) Current Price
FBNH                            82,200,904                      407,573,280 4.95
CUSTODIAN                            30,286,920                      146,892,253 4.85
STERLNBANK                            27,993,009                        34,291,655 1.22
FLOURMILL                            20,283,104                      344,842,722 17.00
NB                            20,210,208                      626,594,402 31.00
ZENITHBANK                            17,865,392                      277,785,942 15.55
UBA                            14,497,225                        89,415,915 6.15

 

7 Traders By Value

Company Volume Value(₦) Current Price
DANGCEM                              5,697,156                 696,364,608.90 122.00
NB                            20,210,208                 626,594,401.70 31.00
FBNH                            82,200,904                 407,573,280.25 4.95
FLOURMILL                            20,283,104                 344,842,721.90 17.00
GUARANTY                            14,397,127                 311,638,920.55 21.50
ZENITHBANK                            17,865,392                 277,785,942.20 15.55
CUSTODIAN                            30,286,920                 146,892,252.90 4.85

 

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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