Dangote Cement, Others Drag Equity Market to Extend Losing Streak, Posts 2.17% Loss

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The equity market closed lower today, shedding 2.17% to extend downtrend to six straight sessions. Market breadth closed negative, recording 14 gainers against 25 losers.

 

In summary, the All Share Index (ASI) was down by 786.19 absolute points, representing a dip of 2.17%, closing at 35,446.47 points. Similarly, the Market Capitalization decreased by N287.03 billion, representing a dip of 2.17%, closing at N12.94 trillion.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; STERLNBANK (-8.05%), WAPCO (-6.35%), DANGCEM (-6.14%), ETI (-4.97%), FCMB (-4.02%), FLOURMIL; (-3.53%), DANGSUGAR (-3.13%), WEMABANK (-2.86%), DANGFLOUR (-1.20%), HONEYFLOUR (-0.59%) and FIDELITYBK (-0.55%).

 Sector Performance

Sector %    Change
NSE30 -1.66
BANKING -0.75
CONGLOMERATE -0.75
CONSUMER GOODS -0.05
INDUSTRIAL -5.39
INSURANCE -0.46
LOTUS ISLAMIC -2.20
OIL/GAS 0.46

 

Top 7 Gainers                                                  Number of Gainer (14)

Company Pclose Open Close Change % Change
MBENEFIT 0.30 0.30 0.33 0.03 10.00
JAPAULOIL 0.27 0.27 0.29 0.02 7.41
ETERNA 6.10 6.10 6.55 0.45 7.38
MOBIL 170.00 170.00 176.00 6.00 3.53
SKYEBANK 0.57 0.57 0.59 0.02 3.51
INTBREW 31.00 31.00 32.00 1.00 3.23
OANDO 5.45 5.45 5.55 0.10 1.83

 

Top 7 Losers                                                                      Number of Losers (25)

Company Pclose Open Close Change % Change
GLAXOSMITH 17.00 17.00 15.30 -1.70 -10.00
COURTVILLE 0.22 0.22 0.20 -0.02 -9.09
EQUITYASUR 0.24 0.24 0.22 -0.02 -8.33
LASACO 0.36 0.36 0.33 -0.03 -8.33
STERLNBANK 1.49 1.49 1.37 -0.12 -8.05
SOVRENINS 0.26 0.26 0.24 -0.02 -7.69
CORNERST 0.27 0.27 0.25 -0.02 -7.41

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
UBA                       52,101,065.00                 496,191,004.80 9.45
TRANSCORP                       18,516,519.00                   21,631,240.76 1.16
COURTVILLE                       14,729,850.00                     3,073,990.72 0.20
OANDO                       12,148,962.00                   66,847,422.65 5.55
ZENITHBANK                       11,826,639.00                 279,105,136.75 23.60
FIDELITYBK                         6,792,633.00                   12,468,048.97 1.81
FBNH                         6,477,486.00                   61,786,757.65 9.60

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
UBA                       52,101,065.00                 496,191,004.80 9.45
NESTLE                            238,279.00                 370,029,382.80 1560.00
ZENITHBANK                       11,826,639.00                 279,105,136.75 23.60
INTBREW                         5,502,137.00                 176,067,779.40 32.00
GUARANTY                         3,839,935.00                 149,654,618.95 39.00
STANBIC                         1,425,527.00                   71,172,272.00 49.35
OANDO                       12,148,962.00                   66,847,422.65 5.55

GTI

GTI is a leading Nigerian Investment Banking group with proven expertise in Financial advisory, Securities Dealing (Fixed Income and Equities), Asset management and Deal Origination. We have strong capacity in financial service delivery.

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