DANGCEM, ZENITHBANK, UBA and 18 Others drag ASI lower, Post 0.12% Loss.

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The Equity Market closed lower on today, shedding 0.12% to extend downtrend to four consecutive trading days. The downtrend was majorly aided by sell-off Dangote Cement, Zenith bank, UBA among others. Market breadth closed positive, recording 21 gainers and 15 losers.

 

NSE Trading Flour

 

In summary, the All Share Index (ASI) was down by 40.42 absolute points, representing a decrease of 0.12%, closing at 32,383.15 points. Similarly, the Market Capitalization decreased by N14.76 billion, representing a dip of 0.12%, closing at N11.82 trillion.

WAPIC emerged the top gainer while LAWUNION emerged the top loser.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; ZENITHBANK (-3.79%), WEMABANK (-3.45%), FBNH (-2.20%), UBA (-0.61%), and DANGCEM (-0.05%).

 

MARKET STATISTICS

CAP N11,822,351,171,082.32 One Day (ASI CHG) -0.12
Index 32,383.15 One Week (ASI CHG) -1.17
Volume 166,645,843 One Month (ASI CHG) -5.90
Value N1,485,183,329.83 Six Months (ASI CHG) -20.78
Deals 2,431 52 Weeks (ASI CHG) -10.84
Gainers 21 Losers 15
Unchanged 74 Total 110
YTD Returns -15.32

Source: NSE, GTI Research

 

FOREIGN EXCHANGE

The Naira at the inter-bank rate closed unchanged at N306.40, yesterday’s closing price.

The Investors and Exporters (I&E) FX window opened at N363.65, traded high at N365.00 and eventually closed at N363.82, representing a 0.07% depreciation against yesterday’s closing price. A total of $313.30 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight (O/N) rate closed at 22.50%, representing a 9.92% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate  closed  at 20.86% representing a 9.19% appreciation against yesterday’s closing position.

 

Fixed Income
Securities P. Close Close Change
Bond 803 798.02 -5
T.Bills 377.37 371.32 -6
Note: BPS=> Basis Point

 

Sector Performance

Sector %    Change
NSE30 -0.17
BANKING -1.47
CONGLOMERATE -0.49
CONSUMER GOODS 1.10
INDUSTRIAL -0.02
INSURANCE 0.38
LOTUS ISLAMIC 0.06
OIL/GAS 0.30

 

 

Top 7 Gainers

Company Pclose Open Close Change % Change
WAPIC 0.37 0.37 0.40 0.03 8.11
FIRSTALUM 0.39 0.39 0.42 0.03 7.69
UACN 10.70 10.70 11.50 0.80 7.48
AIRSERVICE 5.60 5.60 6.00 0.40 7.14
NIGERINS 0.28 0.28 0.30 0.02 7.14
UNIONDAC 0.29 0.29 0.31 0.02 6.90
CHAMPION 1.70 1.70 1.80 0.10 5.88

 

Top 7 Losers

Company Pclose Open Close Change % Change
LAWUNION 0.60 0.60 0.55 -0.05 -8.33
THOMASWY 0.25 0.25 0.23 -0.02 -8.00
ZENITHBANK 22.40 22.40 21.55 -0.85 -3.79
WEMABANK 0.58 0.58 0.56 -0.02 -3.45
FIDELITYBK 1.86 1.86 1.81 -0.05 -2.69
FBNH 9.10 9.10 8.90 -0.20 -2.20
UBN 5.10 5.10 5.00 -0.10 -1.96

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
FCMB                       42,088,765.00                   72,281,980.49 1.72
ACCESS                       32,551,290.00                 262,043,893.35 8.05
ZENITHBANK                       12,348,896.00                 275,988,710.05 21.55
FIDELITYBK                       11,366,244.00                   20,688,958.56 1.81
GUARANTY                       10,532,266.00                 384,331,096.30 36.40
ROYALEX                         7,172,177.00                     1,434,597.40 0.20
LAWUNION                         5,840,000.00                     3,219,120.00 0.55

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                       10,532,266.00                 384,331,096.30 36.40
ZENITHBANK                       12,348,896.00                 275,988,710.05 21.55
ACCESS                       32,551,290.00                 262,043,893.35 8.05
NESTLE                              62,448.00                   87,476,506.00 1400.00
NASCON                         4,674,362.00                   86,511,702.10 18.50
GUINNESS                         1,079,209.00                   85,276,213.10 79.00
DANGCEM                            390,962.00                   78,212,834.30 200.00

Source: NSE, GTI Research

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