Decline in 21 Stocks Reverses Previous Day’s Gain.

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The equity market today reversed yesterday’s positive sentiment to record 0.69% loss as the market awaited the presidential election result. The decline was impacted by losses in the consumer goods and banking sectors.  Market breadth closed negative, recording 20 gainers and 21 losers.

NSE Trading Floor

The All Share Index (ASI) declined 226.30 absolute points, representing a dip of 0.69%, to close at 32,473.82 points. Similarly, Market Capitalization decreased by N84.39 billion representing a decline of 0.69%, to close at N12.11 trillion.

AFRIPRUD emerged the top gainer while NPFMRFBK emerged  as the top loser.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; WEMABANK (-6.59%), NESTLE (-4.43%), FBNH (-3.61%), TRANSCORP (-3.38%), FCMB (-3.00%), UBA (-2.44%), ACCESS (-1.57%), ZENITHBANK (-0.77%), HONYFLOUR (-0.71%), DANGSUGAR (-0.65%), and GUARANTY (-0.13%), 

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MARKET STATISTICS

CAP N12,109,988,341,057.93 One Day (ASI CHG) -0.69
Index 32,473.82 One Week (ASI CHG) +0.21
Volume 322,180,542 One Month (ASI CHG) +3.33
Value N2,434,181,527.20 Six Months (ASI CHG) -8.83
Deals 4,066 52 Weeks (ASI CHG) -23.78
Gainers 20 Losers 21
Unchanged 86 Total 127
  YTD Returns +3.32  

 

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the inter-bank rate remain unchanged to closed at N306.85 against  yesterday’s closing price.

The Investors and Exporters (I&E) FX window opened at N361.67, traded high at N362.50 and eventually closed at N361.50, to represent a 0.01% appreciation against  yesterday’s closing price. A total of $73.88 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 14.71%, representing a 4.07% depreciation against Monday’s closing position, while Open Buy-Back (OBB) rate also closed at 13.79%, representing a 3.88% depreciation against Monday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 839.75 836.85 -2.90 bps
T.Bills 613.26 599.58 -13.68 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

Sector Performance     

Sector %    Change
NSE30 -0.94
BANKING -1.18
CONSUMER GOODS -1.57
INDUSTRIAL 0.04
INSURANCE 3.22
LOTUS ISLAMIC -1.17
OIL/GAS 1.56

Top 7 Gainers       

Company Pclose Open Close Change % Change
AFRIPRUD 4.40 4.40 4.84 0.44 10.00
OANDO 6.60 6.60 7.25 0.65 9.85
AGLEVENT 0.31 0.31 0.34 0.03 9.68
CUTIX 1.87 1.87 2.05 0.18 9.63
AIRSERVICE 6.45 6.45 7.05 0.60 9.30
DANGFLOUR 11.05 11.05 12.05 1.00 9.05
VERITASKAP 0.23 0.23 0.25 0.02 8.70

Top 7 Losers        

Company Pclose Open Close Change % Change
NPFMCRFBK 1.65 1.65 1.49 -0.16 -9.70
UBN 7.25 7.25 6.65 -0.60 -8.28
JAPAULOIL 0.27 0.27 0.25 -0.02 -7.41
WEMABANK 0.91 0.91 0.85 -0.06 -6.59
ABCTRANS 0.57 0.57 0.54 -0.03 -5.26
NESTLE 1580.00 1580.00 1510.00 -70.00 -4.43
FBNH 8.30 8.30 8.00 -0.30 -3.61

Top 7 Traders By Volume     

Company Volume Value(₦) Current Price
SUNUASSUR                            50,807,100                        10,161,421 0.20
ACCESS                            32,303,152                      203,095,742 6.25
DIAMONDBNK                            28,602,594                        70,100,862 2.50
UBA                            19,023,595                      153,656,450 8.00
GUARANTY                            17,765,872                      677,661,102 38.15
TRANSCORP                            17,596,292                        25,619,867 1.43
DANGFLOUR                            16,091,080                      193,325,218 12.05

Top 7 Traders By Value       

Company Volume Value(₦) Current Price
GUARANTY                            17,765,872                 677,661,102.45 38.15
ZENITHBANK                            14,541,075                 378,137,065.90 25.80
ACCESS                            32,303,152                 203,095,742.10 6.25
DANGFLOUR                            16,091,080                 193,325,217.60 12.05
ETI                            11,316,132                 161,168,071.40 14.25
UBA                            19,023,595                 153,656,450.20 8.00
FBNH                            15,646,228                 126,553,404.45 8.00

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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