DANGCEM, UBA, 26 Others Drag Equity Market To Close Lower, Post 0.52% Loss.

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The equity market closed lower today, shedding 0.52% to reverse yesterday’s gains. The dip was impacted by profit taking in major shares such as Dangote Cement Plc, United Bank of Africa Plc, and 26 others. Market breadth closed negative, recording 18 gainers against 28 losers.

 

NSE Trading Floor

 

In summary, the All Share Index (ASI) was down by 189.24 absolute points, representing a dip of 0.52%, closing at 36,499.67 points. Similarly, the market capitalization decreased by N69.07 billion, representing a dip of 0.52%, closing at N13.32 trillion.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; CADBURY (-8.88%), FCMB (-7.00%), DIAMONDBNK (-6.40%), WAPIC (-4.76%), FO (-4.49%), DANGSUGAR (-4.19%), MAYBAKER (-4.08%), UBA (-4.06%), ETI (-3.87%), FLOURMILL (-0.55%), FBNH (-0.50%), DANGCEM (-0.43%), STANBIC (0.50%), UNILEVER (-0.29%) and GUARANTY (-0.25).

 

FOREIGN EXCHANGE

The Naira at the inter-bank rate closed unchanged at N305.95, against yesterday’s closing price. By Tunmi Hillary

The Investors and Exporters (I&E) FX window opened at N361.09, traded high at N363.00 and eventually closed at N362.67, representing a 0.10% depreciation against yesterday’s closing price. A total of $106.06 million was transacted through the I&E window today.

We expect the FX Market to trade within existing range in the next session.

MONEY MARKET 

Overnight (O/N) rate closed at 5.33%, representing a 4.33% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate  closed  at 4.33% representing a 1.00% appreciation against yesterday’s closing position.

We expect the Money Market to trade within existing range in the next session.

Sector Performance

Sector %    Change
NSE30 -0.46
BANKING -0.90
CONGLOMERATE 0.09
CONSUMER GOODS -0.39
INDUSTRIAL 0.50
INSURANCE -2.48
LOTUS ISLAMIC -0.81
OIL/GAS 0.19

Top 7 Gainers                                                                                    Number of Gainers (18)

Company Pclose Open Close Change % Change
BETAGLAS 78.00 78.00 85.80 7.80 10.00
EQUITYASUR 0.20 0.20 0.22 0.02 10.00
UNIONDAC 0.30 0.30 0.33 0.03 10.00
NEIMETH 0.55 0.55 0.60 0.05 9.09
REGALINS 0.23 0.23 0.25 0.02 8.70
FIRSTALUM 0.37 0.37 0.40 0.03 8.11
NIGERINS 0.28 0.28 0.30 0.02 7.14

Top 7 Losers                                                                                      Number of Losers (28)

Company Pclose Open Close Change % Change
MBENEFIT 0.41 0.41 0.37 -0.04 -9.76
MANSARD 2.65 2.65 2.40 -0.25 -9.43
CADBURY 10.70 10.70 9.75 -0.95 -8.88
INTBREW 33.40 33.40 30.50 -2.90 -8.68
JAIZBANK 0.63 0.63 0.58 -0.05 -7.94
FCMB 2.00 2.00 1.86 -0.14 -7.00
DIAMONDBNK 1.25 1.25 1.17 -0.08 -6.40

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
NAHCO                       59,601,443.00                 235,407,115.90 4.00
UBA                       29,366,926.00                 282,921,428.45 9.45
DIAMONDBNK                       20,222,172.00                   24,713,652.25 1.17
FBNH                       17,287,653.00                 172,926,907.00 10.00
NIGERINS                       15,375,305.00                     4,612,580.46 0.30
NB                       15,079,220.00              1,552,946,604.20 103.00
GUARANTY                         9,471,095.00                 378,907,104.75 40.05

Top 7 Traders By Value

Company Volume Value(₦) Current Price
NB                       15,079,220.00              1,552,946,604.20 103.00
NESTLE                            372,383.00                 580,609,550.40 1560.00
GUARANTY                         9,471,095.00                 378,907,104.75 40.05
DANGCEM                         1,286,048.00                 294,471,846.30 229.00
UBA                       29,366,926.00                 282,921,428.45 9.45
NAHCO                       59,601,443.00                 235,407,115.90 4.00
FBNH                       17,287,653.00                 172,926,907.00 10.00

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