Dangote, 20 others drag local bourse lower, shed 0.43%

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Transactions on the Nigerian equity market today (Friday) sustains yesterday’s negative sentiment, receding further by  0.43%,  following profit taking on bellwether stocks like DANGCEM, DANGSUGAR, ACCESS and 18 others. Consequently, the market breadth closed on a negative note, recording 21 losers as against 13 gains.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 106.66 absolute points, representing a dip of 0.43% to close at 24,826.75 points. Similarly, the overall Market Capitalization size shed N55.64 million, representing a decrease of 0.43% to close at N12.95 trillion.

UPL emerged as the top gainers while CUTIX emerged as the top loser.

The downturn was impacted by losses recorded in large and medium capitalized stocks, amongst which are; DANGCEM (-6.47%), WAPIC (-2.94%), GUINNESS (-2.86%), DANGSUGAR (-1.38%) and ACCESS (-0.74%), .

 

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MARKET STATISTICS

CAP N12,951,132,735,175.14 One Day (ASI CHG) -0.43%
Index 24,826.75 One Week (ASI CHG) -1.41%
Volume 174,676,912.00 One Month (ASI CHG) +2.58%
Value N2,010,416,520.32 Six Months (ASI CHG) -6.61%
Deals 3,695.00 52 Weeks (ASI CHG) -16.61%
Gainers 13 Losers 21
Unchanged 59 Total 93
YTD -7.51%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Friday closed unchanged at 361.00/$1, against previous day’s position.

The Investors and Exporters (I&E) FX window opened at N386.67, traded high at N389.75 and eventually closed at N386.50, representing a 0.21% depreciation against yesterday’s closing position. A total of $66.61 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 16.67%, representing a 12.97% appreciation against previous day’s closing position, while Open Buy-Back (OBB) rate closed at 15.17%, representing a 12.37% depreciation against previous day’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 446.73 431.90 -14.83 bps
T.Bills 206.53 190.34 -16.19 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

 The NASD OTC market on Friday closed unchanged as against yesterday’s closing position as the Unlisted Securities Index (USI) closed at 704.76. Similarly, Market Capitalization closed at N517.69 billion, unchanged against yesterday’s closing position. However, the aggregate volume and value decreased by 82.04% and 60.25% respectively, as investors traded a total of 9,120 shares, worth N2.19 million in 4 deal.

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Sector Performance

Sector % Change
NSE30 -0.39
BANKING -0.22
CONSUMER GOODS -0.21
INDUSTRIAL 2.67
INSURANCE -0.14
LOTUS ISLAMIC 0.21
OIL/GAS -0.05

 

Top 7 Gainers

Company Pclose Open Close Change % Change
CUTIX 1.60 1.60 1.76 0.16 10.00
UNITYBNK 0.52 0.52 0.57 0.05 9.62
CHAMS 0.23 0.23 0.25 0.02 8.70
ABCTRANS 0.47 0.47 0.51 0.04 8.51
BUACEMENT 41.40 41.40 44.00 2.60 6.28
FBNH 5.10 5.10 5.30 0.20 3.92
AIICO 0.97 0.97 1.00 0.03 3.09

 

Top 7 Losers

Company Pclose Open Close Change % Change
UPL 1.20 1.20 1.08 -0.12 -10.00
NEIMETH 1.71 1.71 1.54 -0.17 -9.94
TRIPPLEG 0.58 0.58 0.53 -0.05 -8.62
STERLNBANK 1.30 1.30 1.20 -0.10 -7.69
CAVERTON 2.15 2.15 2.00 -0.15 -6.98
WEMABANK 0.59 0.59 0.55 -0.04 -6.78
DANGCEM 139.00 139.00 130.00 -9.00 -6.47

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
MBENEFIT                            26,587,000                          5,577,700 0.22
ZENITHBANK                            12,658,657                      205,705,721 16.15
GUARANTY                            12,116,168                      279,812,502 23.15
UBA                            11,266,830                        72,130,041 6.40
FBNH                              9,886,006                        52,128,215 5.30
CUSTODIAN                              8,060,112                        46,748,960 5.80
OKOMUOIL                              7,724,509                      494,372,131 64.00


Top 7 Traders By Value

Company Volume Value(₦) Current Price
OKOMUOIL                              7,724,509                 494,372,131.25 64.00
GUARANTY                            12,116,168                 279,812,502.30 23.15
ZENITHBANK                            12,658,657                 205,705,721.30 16.15
NB                              4,241,446                 161,112,660.65 38.00
DANGCEM                              1,093,439                 143,545,557.60 130.00
GUINNESS                              7,568,904                 128,743,490.10 17.00
UBA                            11,266,830                   72,130,041.30 6.40

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