Decline in Oil and Gas sector, 3 others drag stock market to N18 billion loss

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The equity market closed the trading week today prolonging negative sentiment, as the NSE-ASI declined by 0.17%.  The decline was impacted by sell-off in the Oil and Gas sectors and three others, except the consumer goods sector which recorded a 0.13% gain. Interestingly, for the first time this year, the market recorded losses in all trading sessions this week.  Market breadth closed  negative, recording 13 gainers and 27 losers.

Nigerian Stock Exchange 2

NSE Trading Floor

The All Share Index (ASI) shed 48.44 absolute points, representing a decline of 0.17% to close at 28,847.81 points. Similarly, Market Capitalization decreased by N18.21 billion representing a dip of 0.17% to close at N10.84trillion.

SOVRENINS emerged the top gainer while ABCTRANS emerged as top loser.

The downtrend was impacted by losses recorded in medium and large capitalized stocks, amongst which are; SEPLAT (-9.98%), ETERNA (-4.88%), FCMB (-4.76%), UBA (-1.52%), GUARANTY (-0.93%), FBNH (-0.68%),  and FIDELITYBANK (-0.54%).

Click here for more on NSE Daily Price List

 

MARKET STATISTICS  

CAP N10,842,180,467,285.71 One Day (ASI CHG) -0.17%
Index 28,847.81 One Week (ASI CHG) -1.25%
Volume 235,228,073 One Month (ASI CHG) -1.18%
Value N1,360,035,623.36 Six Months (ASI CHG) -10.41%
Deals 3,130 52 Weeks (ASI CHG) -29.49%
Gainers 13 Losers 27
Unchanged 68 Total 108
  YTD Returns -8.22%  

 

Source: NSE, GTI Research

FMDQ Securities Exchange

FOREIGN EXCHANGE

The Naira exchange rate at the official window remained unchanged to closed at  N307.00/$1, against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N360.45, traded high at N361.80 and eventually closed at N360.88 representing a 0.06% appreciation against yesterday’s closing position. A total of $215.35 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 10.00%, representing a 4.29% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 9.14%, representing a 4.43% depreciation against yesterday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 980.80 973.16 -7.64 bps
T.Bills 521.98 503.65 -18.33 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

NASD OTC MARKET         

The NASD market closed negatively after today’s trading activities as the Unlisted Securities Index (USI) shed 0.10% to closed at 764.86 points against yesterday’s index. Market Capitalization also declined by N530 million to closed at N549.50 billion. However, market activities measured by aggregate volume and value grew by 707.83% and 651.34% respectively. Investors traded a total of 76,881 units of shares valued at N9.16 million in 7 deals.

Two securities were traded on the OTC Platform today and they include SDCSCSPLC and SDFCWAMCO.

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Sector Performance           

Sector %    Change
NSE30 -0.15
BANKING -0.26
CONSUMER GOODS 0.13
INDUSTRIAL 0.00
INSURANCE -1.89
LOTUS ISLAMIC -0.06
OIL/GAS -4.51

Top 7 Gainers       

Company Pclose Open Close Change % Change
SOVRENINS 0.23 0.23 0.25 0.02 8.70
NEM 2.32 2.32 2.50 0.18 7.76
PRESTIGE 0.47 0.47 0.50 0.03 6.38
STANBIC 43.70 43.70 46.00 2.30 5.26
ROYALEX 0.23 0.23 0.24 0.01 4.35
OANDO 4.65 4.65 4.80 0.15 3.23
UCAP 2.48 2.48 2.56 0.08 3.23

Top 7 Losers           

Company Pclose Open Close Change % Change
ABCTRANS 0.30 0.30 0.27 -0.03 -10.00
SEPLAT 579.90 579.90 522.00 -57.90 -9.98
AFRIPRUD 3.93 3.93 3.54 -0.39 -9.92
CHAMS 0.44 0.44 0.40 -0.04 -9.09
NEIMETH 0.55 0.55 0.50 -0.05 -9.09
VERITASKAP 0.22 0.22 0.20 -0.02 -9.09
LEARNAFRCA 1.34 1.34 1.22 -0.12 -8.96

 Top 7 Traders By Volume           

Company Volume Value(₦) Current Price
SOVRENINS                             44,544,624                         11,135,202 0.25
STERLNBANK                             24,733,881                         65,766,899 2.68
ACCESS                             20,972,984                       147,467,695 7.10
ZENITHBANK                             16,638,322                       332,831,231 20.00
TRANSCORP                             16,383,948                         18,307,795 1.13
FBNH                             16,363,227                       117,778,831 7.25
JAPAULOIL                               8,080,340                           2,105,368 0.26

 Top 7 Traders By Value      

Company Volume Value(₦) Current Price
ZENITHBANK                             16,638,322                  332,831,231.00 20.00
ACCESS                             20,972,984                  147,467,694.95 7.10
NB                               2,034,999                  132,883,785.80 65.30
FBNH                             16,363,227                  117,778,830.65 7.25
DANGCEM                                  569,304                  101,827,906.80 179.00
GUARANTY                               2,375,898                    76,095,968.40 32.00
STERLNBANK                             24,733,881                    65,766,898.53 2.68

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