Decline in Banking stocks, others drag Nigeria bourse lower

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The Nigerian equity market ended the first trading day of the week lower on  Monday as it sustained Friday’s negative sentiment, following sell-off on bellwether stocks in the Banking and other sectors. Consequently, the market breadth closed negative, recording 5 gainers against 33 losers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 347.59 absolute points, representing a decline of 1.27% to close at 27,041.03 points. Similarly, the overall Market Capitalization size shed N181.08 billion, representing a dip of 1.27% to close at N14.09 trillion.

LAWUNION emerged as the top gainer while GLAXOSMITH, NCR & BOCGAS emerged as top losers.

The downtrend was impacted by loses recorded in large and medium capitalized stocks, amongst which are; CADBURY (-9.89%), UBN (-9.21%), FBNH (-7.83%), UBA (-7.43%), ACCESS (-6.38%), ZENITHBANK (-3.78%), GUARANTY (-3.76%), NB (-2.99%)  and HONYFLOUR (-2.97%).

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MARKET STATISTICS

CAP N14,087,168,501,642.26 One Day (ASI CHG) -1.27%
Index 27,041.03 One Week (ASI CHG) -1.92%
Volume 429,003,016 One Month (ASI CHG) -8.73%
Value N7,298,075,924.45 Six Months (ASI CHG) -2.35%
Deals 4,533 52 Weeks (ASI CHG) -17.31%
Gainers 5 Losers 33
Unchanged 56 Total 95
YTD Returns +0.74%

Source: NSE, GTI Research

 

 

FOREIGN EXCHANGE

The Naira at the official window on Monday closed lower at 306.95/$1, representing a 0.02% appreciation against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N364.75, traded high at N366.50 and eventually closed at N365.36, representing a 0.30% depreciation against Friday’s closing position. A total of $480.89 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 3.30%, representing a 0.53% depreciation against Friday’s closing position, while Open Buy-Back (OBB) rate closed at 2.40%, representing 0.60% depreciation against Friday’s position.

 

 

FIXED INCOME
Securities P. Close Close Change
Bond 522.44 524.44 +2.00 bps
T.Bills 508.39 501.30 -7.09 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

The NASD OTC market on Monday closed unchanged as the Unlisted Securities Index (USI) closed at 700.39, against Friday’s closing position. Similarly, Market Capitalization closed at N503.55 billion, unchanged against Friday’s position. However, the aggregate volume and value decreased by 7,114.53% and 1,010.51% respectively, as investors traded a total of 6,026,515 volume of shares, valued at N68.21 million in 9 deals.

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Sector Performance

Sector %    Change
NSE30 -1.36
BANKING -4.78
CONSUMER GOODS -0.72
INDUSTRIAL -0.85
INSURANCE -0.47
LOTUS ISLAMIC -0.41
OIL/GAS -0.45

 

Top 5 Gainers

Company Pclose Open Close Change % Change
LAWUNION 0.73 0.73 0.80 0.07 9.59
LINKASSURE 0.43 0.43 0.45 0.02 4.65
MAYBAKER 1.82 1.82 1.87 0.05 2.75
STERLNBANK 1.46 1.46 1.50 0.04 2.74
VITAFOAM 4.50 4.50 4.51 0.01 0.22

 

Top 7 Losers

Company Pclose Open Close Change % Change
GLAXOSMITH 5.00 5.00 4.50 -0.50 -10.00
NCR 2.70 2.70 2.43 -0.27 -10.00
BOCGAS 4.50 4.50 4.05 -0.45 -10.00
SKYAVN 2.62 2.62 2.36 -0.26 -9.92
CADBURY 9.10 9.10 8.20 -0.90 -9.89
REDSTAREX 4.45 4.45 4.01 -0.44 -9.89
FCMB 1.95 1.95 1.77 -0.18 -9.23

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
GUARANTY                          177,129,738                   4,792,858,980 26.90
FBNH                            60,097,072                      329,464,294 5.30
ZENITHBANK                            56,152,768                   1,090,537,954 19.10
UBA                            39,165,720                      267,206,315 6.85
UCAP                            18,479,976                        62,992,338 3.35
TRANSCORP                            11,156,732                        10,368,642 0.92
FIDELITYBK                              8,766,051                        18,083,150 2.05

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                          177,129,738              4,792,858,980.40 26.90
ZENITHBANK                            56,152,768              1,090,537,953.90 19.10
FBNH                            60,097,072                 329,464,293.90 5.30
UBA                            39,165,720                 267,206,314.60 6.85
DANGCEM                              1,385,682                 212,909,900.30 170.00
NESTLE                                 137,304                 155,004,393.90 1130.00
NB                              1,953,630                   91,879,689.90 47.00

 

GTI

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