Equity Market began the week in the red, as investors loses N48 billion

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The Nigerian Equity Market closed today’s trading session on a bearish note, extending losing streak to 6-successsive trading sessions. The overall market performance index, NSE-ASI, came down by 0.36%; and this in nominal term translates to a N48 billion reduction in market capitalization value. Today’s decline was mainly driven by losses in Industrial Goods stocks and three others. Consequently, market breadth closed negative, recording 15 gainers and 20 losers.

NSE Trading Floor

The All Share Index (ASI) shed 109.94 absolute points, representing a decline of 0.36% to close at 30,322.19 points. Similarly, Market Capitalization lost N48.42 billion, representing a dip of 0.36% to close at N13.35 trillion.

CHIPLC & UAC-PROP emerged the top gainer while UNITYBNK & CCNN emerged as top losers.

The downtrend was impacted by losses recorded in large and medium capitalized stocks, amongst which are; CCNN (-10.00%), UNILEVER (-7.59%), OANDO (-3.75%), DANGFLOUR (-2.44%), ETI (-2.00%), TRANSCORP (-1.72%), WEMABANK (-1.61%), ZENITHBANK (-0.49%) and MTNN (-0.37%).

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MARKET STATISTICS  

CAP N13,354,037,180,749.60 One Day (ASI CHG) -0.36%
Index 30,322.19 One Week (ASI CHG) -1.97%
Volume 247,392,557 One Month (ASI CHG) +5.11%
Value N3,484,295,490.65 Six Months (ASI CHG) -0.96%
Deals 3,434 52 Weeks (ASI CHG) -21.59%
Gainers 15 Losers 20
Unchanged 74 Total 109
  YTD Returns -3.53%  

Source: NSE, GTI Research

 

FOREIGN EXCHANGE

The Naira exchange rate at the official window closed at N306.95/$1, representing a 0.02% depreciation as against last Friday’s position.

The Investors and Exporters (I&E) FX window opened at N359.94, traded high at N361.50 and eventually closed at N360.63 representing a 0.03% appreciation against last Friday’s closing position. A total of $213.97 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 12.71%, representing a 1.29% appreciation against last Friday’s closing position, while Open Buy-Back (OBB) rate closed at 12.29%, representing a 1.43% appreciation against last Friday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 994.43 993.36 -1.07 bps
T.Bills 540.80 532.18 -8.62 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

NASD OTC MARKET         

The NASD market closed positively after today’s trading sessions, activities as the Unlisted Securities Index (USI) grew by 0.02 absolute point to close at 753.37 points against last Fridays index. The Market Capitalization gained N10.00 million closing at N541.25 billion. Conversely, Market activities measured by aggregate volume and value declined by 87.83% and 57.06% respectively. Investors traded a total of 75,500 units of shares valued at N6.20 million in 10 deals.

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Sector Performance           

Sector %    Change
NSE30 -0.24
BANKING -0.10
CONSUMER GOODS -0.62
INDUSTRIAL -2.35
INSURANCE 0.02
LOTUS ISLAMIC -1.21
OIL/GAS -0.21

Top 7 Gainers    

Company Pclose Open Close Change % Change
CHIPLC 0.20 0.20 0.22 0.02 10.00
UAC-PROP 1.50 1.50 1.65 0.15 10.00
SOVRENINS 0.23 0.23 0.25 0.02 8.70
JAPAULOIL 0.25 0.25 0.27 0.02 8.00
FO 25.75 25.75 26.50 0.75 2.91
WAPIC 0.39 0.39 0.40 0.01 2.56
JAIZBANK 0.45 0.45 0.46 0.01 2.22

Top 7 Losers           

Company Pclose Open Close Change % Change
UNITYBNK 0.70 0.70 0.63 -0.07 -10.00
CCNN 15.00 15.00 13.50 -1.50 -10.00
NAHCO 3.39 3.39 3.06 -0.33 -9.73
COURTVILLE 0.22 0.22 0.20 -0.02 -9.09
CUTIX 1.60 1.60 1.46 -0.14 -8.75
UNILEVER 30.95 30.95 28.60 -2.35 -7.59
LASACO 0.32 0.32 0.30 -0.02 -6.25

 Top 7 Traders By Volume    

Company Volume Value(₦) Current Price
ZENITHBANK                             70,250,691                    1,419,876,728 20.25
GUARANTY                             23,099,981                       706,054,328 30.50
ETI                             18,134,665                       177,719,911 9.80
CUSTODIAN                             15,706,165                         95,022,298 6.05
FBNH                             11,475,293                         80,246,751 7.00
STERLNBANK                             10,535,019                         24,914,066 2.44
UCAP                               8,861,275                         19,655,653 2.22

 Top 7 Traders By Value     

Company Volume Value(₦) Current Price
ZENITHBANK                             70,250,691               1,419,876,727.50 20.25
GUARANTY                             23,099,981                  706,054,328.05 30.50
MTNN                               1,793,979                  244,205,778.15 136.00
NESTLE                                  166,139                  240,342,501.70 1450.00
ETI                             18,134,665                  177,719,910.70 9.80
NB                               2,866,291                  166,240,328.25 58.00
CUSTODIAN                             15,706,165                    95,022,298.25 6.05

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