DANGCEM and 14 others drag Local stocks lower, sheds 1.36%

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The Nigerian equities market today (Thursday) closed southwards with a dip of 1.36%, reversing yesterday’s gains, following value depreciation on DANGCEM, ETI and 13 others. However, the market breadth closed positively, recording 17 gainers as against 15 losers.

 

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 309.51 absolute points, representing a dip of 1.36% to close at 22,470.79 points. Similarly, the overall Market Capitalization size shed N161.30 billion, representing a dip of 1.36% to close at N11.71 trillion.

JAIZBANK emerged as the top gainers while ETI & UACN emerged as the top losers.

The downturn was impacted by loses recorded in large and medium capitalized stocks, amongst which are; ETI (-10.00%), NESTLE (-6.67%), BUACEMENT (-5.31%) DANGCEM (-3.31%) and GUINNESS (-0.53%).

Click here for more on NSE Daily Price List

 

MARKET STATISTICS

CAP N11,710,721,488,502.45 One Day (ASI CHG) -1.36%
Index 22,470.79 One Week (ASI CHG) -0.37%
Volume 201,475,387.00 One Month (ASI CHG) +2.79%
Value N3,358,276,535.51 Six Months (ASI CHG) -14.75%
Deals 3,381.00 52 Weeks (ASI CHG) -24.90%
Gainers 17 Losers 15
Unchanged 51 Total 83
-16.29%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Thursday closed unchanged at 361.00/$1, against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N385.61, traded high at N401.00 and eventually closed at N383.00, unchanged against yesterday’s closing position. A total of $52.21 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 2.00%, representing a 0.10% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 1.88%, representing a 0.08% appreciation against yesterday’s position.

FIXED INCOME
Securities P. Close Close Change
Bond 515.56 504.69 -10.87 bps
T.Bills 402.47 396.95 -5.52 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

The NASD OTC market on Thursday closed unchanged as the Unlisted Securities Index (USI) closed at 700.73, against previous day’s closing position. Similarly, Market Capitalization closed unchanged at N514.74 billion, against the previous day’s position. Consequently, the aggregate volume and value decreased by 95.82% and 99.63%, as investors traded a total of 1,000 volumes of shares, valued at N14,000 in 1 deal.

Click here for more on NASD Daily Price List

 

Sector Performance

Top 7 Gainers

Company Pclose Open Close Change % Change
JAIZBANK 0.50 0.50 0.55 0.05 10.00
CADBURY 6.30 6.30 6.90 0.60 9.52
UCAP 2.20 2.20 2.40 0.20 9.09
WEMABANK 0.55 0.58 0.60 0.05 9.09
VITAFOAM 4.25 4.25 4.51 0.26 6.12
ROYALEX 0.20 0.20 0.21 0.01 5.00
FBNH 4.25 4.25 4.45 0.20 4.71

 

Top 7 Losers

Company Pclose Open Close Change % Change
ETI 5.00 5.00 4.50 -0.50 -10.00
UACN 7.50 7.50 6.75 -0.75 -10.00
LINKASSURE 0.58 0.58 0.53 -0.05 -8.62
SKYAVN 1.80 1.80 1.67 -0.13 -7.22
LIVESTOCK 0.70 0.70 0.65 -0.05 -7.14
NESTLE 975.00 975.00 910.00 -65.00 -6.67
BUACEMENT [BLS] 34.85 34.85 33.00 -1.85 -5.31

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
ACCESS                            46,808,746                      297,338,453 6.35
FBNH                            32,641,168                      141,031,918 4.45
ZENITHBANK                            19,376,842                      268,430,997 13.90
UCAP                            13,870,469                        32,640,728 2.40
GUARANTY                            13,562,340                      256,714,820 18.90
WEMABANK                              9,155,109                          5,444,486 0.60
WAPCO                              9,099,468                      106,446,233 11.70

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
NESTLE                              1,800,106              1,637,989,408.80 910.00
DANGCEM                              2,289,798                 297,419,178.10 131.50
ACCESS                            46,808,746                 297,338,452.85 6.35
ZENITHBANK                            19,376,842                 268,430,996.50 13.90
GUARANTY                            13,562,340                 256,714,819.90 18.90
FBNH                            32,641,168                 141,031,918.00 4.45
WAPCO                              9,099,468                 106,446,233.15 11.70

 

 

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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