Dangote Cement, Dangote Flour, 12 others drag Equity Market lower, Posts 0.32% loss

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The Equity Market today closed in the southward direction, shedding 0.32%, to reverse the positive sentiment it closed with in the last two trading sessions. Market breadth closed positive, recording 26 gainers against 14 losers.

 

In summary, the All Share Index (ASI) shed by 114.81 absolute points, representing an decrease of 0.32%, closing at 35,311.36 points. Similarly, the Market Capitalization was down  by N41.92 billion, representing an decrease of 0.32%, closing at N12.89 trillion.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; JAPAULOIL (-7.69%), VERITASKAP (-3.57%), UNILEVER (-2.86%), DANGCEM (-2.13%), FBNH (-1.55%), DANGFLOUR (-0.61%) and MAYBAKER (-0.44%).

 

Sector Performance

Sector %    Change
NSE30 -0.01
BANKING 0.96
CONGLOMERATE 0.29
CONSUMER GOODS 0.24
INDUSTRIAL -0.40
INSURANCE 0.99
LOTUS ISLAMIC -0.76
OIL/GAS 0.48

 

 

Top 7 Gainers

Company Pclose Open Close Change % Change
DIAMONDBNK 1.10 1.10 1.21 0.11 10.00
NIGERINS 0.40 0.40 0.44 0.04 10.00
FLOURMILL 21.50 21.50 23.60 2.10 9.77
LINKASSURE 0.74 0.74 0.81 0.07 9.46
JAIZBANK 0.48 0.48 0.52 0.04 8.33
TRANSCORP 1.10 1.10 1.18 0.08 7.27
HMARKINS 0.29 0.29 0.31 0.02 6.90

 

Top 7 Losers

Company Pclose Open Close Change % Change
FIRSTALUM 0.40 0.40 0.36 -0.04 -10.00
IKEJAHOTEL 2.79 2.79 2.52 -0.27 -9.68
UNIVINSURE 0.44 0.44 0.40 -0.04 -9.09
JAPAULOIL 0.26 0.26 0.24 -0.02 -7.69
NSLTECH 0.21 0.21 0.20 -0.01 -4.76
UACN 12.60 12.60 12.00 -0.60 -4.76
VERITASKAP 0.28 0.28 0.27 -0.01 -3.57

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
NAHCO                       19,228,758.00                   73,048,435.44 3.80
ACCESS                       16,842,092.00                 151,827,021.45 9.05
DIAMONDBNK                       13,226,220.00                   15,599,652.63 1.21
UBA                       10,743,078.00                   87,194,104.80 8.15
ZENITHBANK                       10,469,523.00                 230,405,125.35 22.00
MAYBAKER                         9,290,608.00                   21,182,864.42 2.28
TRANSCORP                         8,123,925.00                     9,527,829.40 1.18

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
NESTLE                            180,870.00                 270,669,713.00 1500.00
ZENITHBANK                       10,469,523.00                 230,405,125.35 22.00
BETAGLAS                         2,537,604.00                 197,933,304.00 78.00
MOBIL                         1,006,626.00                 181,091,249.70 180.00
UNILEVER                         3,010,918.00                 156,233,436.25 51.00
ACCESS                       16,842,092.00                 151,827,021.45 9.05
GUARANTY                         3,647,450.00                 138,117,431.50 38.00

 

FOREIGN EXCHANGE

The Naira at the inter-bank rate closed unchanged at N306.10 against Friday’s closing price.

The Investors and Exporters (I&E) FX window opened at N362.53, traded high at N364.00 and eventually closed at N363.00 representing 0.18% depreciation against Friday’s closing price.

A total of $601.64 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 at13.92%, representing a 6.00% appreciation against Friday’s closing position, while Open Buy-Back (OBB) rate  closed  at 12.83% representing a 6.08% appreciation against Friday’s closing position.

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

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