DANGCEM and 14 others drag Local stocks lower, sheds 1.36%
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%).
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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.
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Sector Performance
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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 |
