DANGCEM, MTNN sustains equity market bearish sentiment

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The Nigeria Equity Market closed transaction for today (Thursday) on a negative note, to extend bearish sentiment to three consecutive trading sessions. The bearish sentiment was sustained due to persistent sell-off on bellwether stocks like DANGCEM, MTNN, and 18 others. However, the market breadth closed positively, recording 25 gainers against 20 losers.

Nigerian Stock Exchange 2

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 319.08 absolute points, representing a drop of 0.81% to close at 39,114.73 points. While the overall Market Capitalization value lost N167.10 billion, representing a decrease of 0.81% to close at N20.47 trillion. 

CONOIL and COURTVILLE  emerged as the joint-top gainers (by percentage points) for today, with a maximum price appreciation of 10.00%, while BOCGAS emerged as the top loser (by percentage points) with a maximum price depreciation of -9.99%.

Today’s market loss was driven by price depreciation in large and medium capitalized stocks amongst which are; BOCGAS(-9.99%) LIVESTOCK(-9.90%), SCOA(-9.66%), REDSTAREX(-9.59%), REGALINS(-9.38%), LASACO(-8.77%), FCMB(-5.84%), MTNN(-4.65%), MANSARD(-4.35%), NEIMETH(-4.21%), DANGCEM(-2.49%), TRANSCORP(-2.25%), HONYFLOUR(-1.71%), ARDOVA(-1.34%), STERLNBANK(-1.25%), CHAMPION(-0.91%), AFRIPUD(-0.89%), FIDELITYBK(-0.89%),  and  WAPCO(-0.47%).

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MARKET STATISTICS

CAP N20,470,366,426,541.92 One Day (ASI CHG) -0.81%
Index 39,114.73 One Week (ASI CHG) -0.88%
Volume 403,511,692 One Month (ASI CHG) +0.90%
Value N4,809,503,289.74 Six Months (ASI CHG) +26.11%
Deals 4,342 52 Weeks (ASI CHG) +62.01%
Gainers 25 Losers 20
Unchanged 53. Total 98
YTD Returns -2.87%

Source: Ngxgroup.com, GTI Research 

 

 

FMDQ ABOUT

FOREIGN EXCHANGE

The Naira at the official rate remains unchanged to close at N379.00/$1 as at Friday’s position.

The Investors and Exporters (I&E) FX window opened at N410.37 traded high at N420.00 , and low at N400.00 and eventually closed at N411.00,  representing a 0.12% depreciation against Wednesday’s position. Also, a total of $172.52 million was transacted through the I&E window today.

MONEY MARKET

Overnight (O/N) rate closed at 15.75%, representing a 0.25% appreciation as against Wednesday’s position. while Open Buy-Back (OBB) rate closed at 15.00%, remaining unchanged against Wednesday’s position,

Sector Performance

Security Change Percent
NSE30 -0.91
NSEBNK 1.55
NSECNSMRGDS 0.34
NSEINDUSTR -1.19
NSEINS 0.18
NSELOTUSISLM -1.72
NSEOILGAS 6.48

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
CONOIL 17.00 17.00 18.70 1.70 10.00
COURTVILLE 0.20 0.20 0.22 0.02 10.00
SEPLAT 549.50 549.50 604.40 54.90 9.99
LINKASSURE 0.58 0.58 0.63 0.05 8.62
ACCESS 7.70 7.70 8.10 0.40 5.19
AIICO 1.23 1.23 1.29 0.06 4.88
MAYBAKER 4.40 4.40 4.60 0.20 4.55

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
BOCGAS 13.61 13.61 12.25 -1.36 -9.99
LIVESTOCK 1.92 1.92 1.73 -0.19 -9.90
SCOA 2.38 2.38 2.15 -0.23 -9.66
REDSTAREX 3.44 3.44 3.11 -0.33 -9.59
REGALINS 0.32 0.32 0.29 -0.03 -9.38
LASACO 1.71 1.71 1.56 -0.15 -8.77
FCMB 3.08 3.08 2.90 -0.18 -5.84

Top 7 Traders By Volume

Security  Daily Volume   Daily Value  Close Price
ACCESS    105,868,042.00    844,209,966.95 8.10
NEM      38,679,378.00      77,336,011.00 2.00
FBNH      35,406,387.00    258,660,568.10 7.35
ZENITHBANK      29,432,277.00    641,829,804.60 21.95
FIDELITYBK      22,310,154.00      49,601,946.04 2.22
UBA      19,787,797.00    142,149,537.95 7.20
ELLAHLAKES      14,412,000.00      61,251,000.00 4.25

Top 7 Traders By Value

Security  Daily Volume   Daily Value  Close Price
ACCESS    105,868,042.00    844,209,966.95 8.10
ZENITHBANK      29,432,277.00    641,829,804.60 21.95
MTNN         3,395,032.00    547,517,506.00 162.00
GUARANTY      14,377,349.00    417,202,534.55 29.00
SEPLAT            580,364.00    350,322,272.40 604.40
WAPCO      13,210,436.00    279,279,611.80 21.00
TOTAL         1,965,452.00    276,748,478.10 142.00

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