Decline in 26 Stocks drive Equity market to N67 billion loss

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Activities in the Nigeria equity market reversed yesterday’s positive sentiment to decline by 0.60%. Despite this, Dangote Flour extended its rally amidst the acquisition offer by Olam International Ltd to purchase  nearly all its shares (5 billion ordinary shares) for N130 billion. Market breadth closed negative recording 23 gainers as against 26 losers.

NSE Trading Floor

The All Share Index (ASI) declined 179.03 absolute points, representing a decrease of 0.60% to close at 29,740.41 points. Similarly, Market Capitalization decreased by N67.28 billion representing a dip of 0.60% to close at N11.18 trillion.

DANGFLOUR emerged the top gainer, while OKOMUOIL emerged as the top loser.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; FBNH (-8.23%), ETERNA (-6.45%), INTBREW (-4.76%), ACCESS (-4.35%), DANGSUGAR (-4.35%), FCMB (-1.10%),TRANSCORP (-0.88%), GUARANTY (-0.87%), DANGCEM (-0.59%), NB (-0.54%), ZENITHBANK (-0.47%) and FLOURMILL (-0.31%).

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MARKET STATISTICS  

CAP N11,176,947,030,673.18 One Day (ASI CHG) -0.60%
Index 29,740.41 One Week (ASI CHG) -1.15%
Volume 244,576,171 One Month (ASI CHG) -4.18%
Value N1,542,337,126.24 Six Months (ASI CHG) -9.62%
Deals 3,444 52 Weeks (ASI CHG) -27.07%
Gainers 23 Losers 26
Unchanged 55 Total 104
  YTD Returns -5.38%  

 

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira exchange rate at the official window remained unchanged from yesterday’s position of N306.90/$1.

The Investors and Exporters (I&E) FX window opened at N360.30, traded high at N361.40 and eventually closed at N360.64, representing a 0.01% appreciation against yesterday’s closing position. A total of $274.11 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 17.29%, representing a 10.00% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 16.43%, representing a 10.29% appreciation against yesterday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 956.71 990.80 +34.09 bps
T.Bills 535.11 524.59 -10.52 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

NASD OTC MARKET         

The NASD market again remained unchanged after today’s trading session as the Unlisted Securities Index (USI)  close at 760.19 points. Market Capitalization also remain unchanged to settle at N546.15 billion. Market activities measured by aggregate volume declined by 87.72% while the value grew by 1.65% . Investors traded a total of 52,704 units of shares valued at N311.36 thousand in 8 deals.

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Sector Performance     

Sector %    Change
NSE30 -0.79
BANKING -0.70
CONSUMER GOODS -0.33
INDUSTRIAL -0.24
INSURANCE -1.01
LOTUS ISLAMIC -0.74
OIL/GAS 1.89

Top 7 Gainers         

Company Pclose Open Close Change % Change
DANGFLOUR 14.15 14.15 15.55 1.40 9.89
NEIMETH 0.61 0.61 0.67 0.06 9.84
CUTIX 1.87 1.87 2.05 0.18 9.63
FO 26.70 26.70 29.20 2.50 9.36
OANDO 4.85 4.85 5.30 0.45 9.28
JAIZBANK 0.44 0.44 0.48 0.04 9.09
SOVRENINS 0.23 0.23 0.25 0.02 8.70

Top 7 Losers           

Company Pclose Open Close Change % Change
OKOMUOIL 80.00 80.00 72.00 -8.00 -10.00
UNIONDICON 13.45 13.45 12.15 -1.30 -9.67
PREMPAINTS 10.40 10.40 9.40 -1.00 -9.62
PRESTIGE 0.55 0.55 0.50 -0.05 -9.09
ABCTRANS 0.33 0.33 0.30 -0.03 -9.09
FBNH 7.90 7.90 7.25 -0.65 -8.23
REGALINS 0.26 0.26 0.24 -0.02 -7.69

Top 7 Traders By Volume          

Company Volume Value(₦) Current Price
JAPAULOIL                             56,558,482                         15,080,130 0.28
UBA                             29,985,102                       205,554,819 6.85
WEMABANK                             25,318,725                         18,834,236 0.76
ACCESS                             18,058,547                       122,199,471 6.60
TRANSCORP                             17,319,423                         19,235,533 1.12
LASACO                             11,374,000                           3,411,960 0.30
ZENITHBANK                             11,260,725                       241,202,637 21.35

 Top 7 Traders By Value                 

Company Volume Value(₦) Current Price
ZENITHBANK                             11,260,725                  241,202,637.05 21.35
UBA                             29,985,102                  205,554,818.65 6.85
NESTLE                                  105,016                  159,522,082.40 1550.00
DANGCEM                                  761,975                  143,416,808.00 186.90
GUARANTY                               3,610,884                  123,335,391.00 34.20
ACCESS                             18,058,547                  122,199,470.80 6.60
INTBREW                               3,809,801                    79,950,771.00 20.00

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