DANGSUGAR, ZENITHBANK and 13 others drag equity market downward.

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The Equity Market closed lower today, shedding 0.14% to reverse previous positive sentiment. Market breadth closed positive, recording 16 gainers and 15 losers.

 

NSE Trading Floor

 

In summary, the All Share Index (ASI) was down by 43.98 absolute points, representing a decrease of 0.14%, closing at 32,108.92 points. Similarly, the Market Capitalization decreased by N16.11 billion representing a dip 0.14%, closing at N11.72 trillion.

UNITY BANK emerged the top gainer while DIAMONDBNK emerged the top loser.

The downturn was impacted by losers recorded in medium and large capitalized stocks, amongst which are; TRANSCORP (-2.46%), FLOURMILL (-2.08%), DANGFLOUR (-1.80%), ZENITHBANK (-0.82%), DANGSUGAR (-0.80%) and UBA (-0.63%).

 

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MARKET STATISTICS

CAP N11,722,235,726,765.14 One Day (ASI CHG) -0.14
Index 32,108.92 One Week (ASI CHG) 0.00
Volume 229,264,469 One Month (ASI CHG) -1.07
Value N2,498,219,890.33 Six Months (ASI CHG) -21.06
Deals 2,726 52 Weeks (ASI CHG) -13.11
Gainers 16 Losers 15
Unchanged 68 Total 99
YTD Returns -16.04

Source: NSE, GTI Research

 

 

FOREIGN EXCHANGE

The Naira at the inter-bank rate remain unchanged to closed  at N306.70, representing a 0.00%  against Monday’s closing price.

The Investors and Exporters (I&E) FX window opened at N363.45, traded high at N365.00 and eventually closed at N364.24, representing a –0.15% depreciation against Tuesday’s closing price. A total of $147.41 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight (O/N) rate closed at 6.42%, representing a -0.17% depreciation against Tuesday’s closing position, while Open Buy-Back (OBB) rate  closed  at 5.75% representing a +0.08% appreciation against Tuesday’s closing position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 851.17 848.11 -3.06 bps
T.Bills 386.41 386.05 -0.36 bps
Note: BPS=> Basis Point

Source: FMDQ, GTI Research

 

Sector Performance

Sector %    Change
NSE30 -0.08
BANKING -0.30
CONSUMER GOODS 0.05
INDUSTRIAL 0.02
INSURANCE 0.21
LOTUS ISLAMIC -0.04
OIL/GAS -0.01

Top 7 Gainers

Company Pclose Open Close Change % Change
UNITYBNK 0.78 0.78 0.85 0.07 8.97
HONYFLOUR 1 1 1.06 0.06 6.00
LAWUNION 0.52 0.52 0.55 0.03 5.77
REGALINS 0.2 0.2 0.21 0.01 5.00
NEM 2.57 2.57 2.67 0.1 3.89
MAYBAKER 2.35 2.35 2.4 0.05 2.13
AFRIPRUD 3.77 3.77 3.83 0.06 1.59

Top 7 Losers

Company Pclose Open Close Change % Change
DIAMONDBNK 1.05 1.05 0.95 -0.1 -9.52
ETERNA 5.45 5.45 4.95 -0.5 -9.17
JAIZBANK 0.44 0.44 0.4 -0.04 -9.09
LINKASSURE 0.68 0.68 0.62 -0.06 -8.82
NPFMCRFBK 1.48 1.48 1.36 -0.12 -8.11
VERITASKAP 0.25 0.25 0.23 -0.02 -8.00
JAPAULOIL 0.21 0.21 0.2 -0.01 -4.76

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
FBNH                       72,070,538.00                 541,220,892.90 7.5
DIAMONDBNK                       29,601,668.00                   28,123,584.60 0.95
ACCESS                       22,385,302.00                 176,844,251.30 7.9
ZENITHBANK                       20,721,430.00                 497,847,589.30 24.05
GUARANTY                       12,525,131.00                 456,506,976.20 36.4
REGALINS                       11,433,381.00                     2,297,678.20 0.21
STDINSURE                         8,000,000.00                     1,600,000.00 0.2

Top 7 Traders By Value

Company Volume Value(₦) Current Price
FBNH                       72,070,538.00                 541,220,892.90 7.5
ZENITHBANK                       20,721,430.00                 497,847,589.30 24.05
GUARANTY                       12,525,131.00                 456,506,976.20 36.4
NB                         4,285,210.00                 353,513,368.70 82.5
NESTLE                            149,985.00                 217,466,855.30 1450
ACCESS                       22,385,302.00                 176,844,251.30 7.9
UBA                         7,859,966.00                   62,760,580.85 7.95

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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