Equity market completes bearish week with a 0.36% loss

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The equity market on Friday completed a 4-days losing streak in the new month, as the market performance indicator hedged  further down by 0.36%. The bearish performance came on the backdrop of sell-off on MTNN, Guaranty, Zenithbank and 14 other stocks. Consequently, the market breadth closed negatively with 17 losers as against 11 gainers.

Nigerian Stock Exchange 2

NSE Trading Floor

In summary, the All Share Index (ASI) decreased by 98.24 absolute points, representing a decline of 0.36% to close at 26,987 points. Similarly, the Market Capitalization lost N47.82 billion representing a dip of 0.36%, to close at N13.14 trillion.

UAC-PROP emerged the top gainer  while FIDSON emerged as top loser.

The downtrend was impacted by losses recorded in large and medium capitalized stocks, amongst which are; FIDSON (-9.88%), CCNN (-9.76%), FO (-9.76%), NASCON (-3.65%), ETI (-3.18%), UACN (-2.96%), GUARANTY (-1.85%), FBNH (-1.85%), WEMABANK (-1.69%), ACCESS (-1.37%), ZENITHBANK (-1.37%), and MTNN (-0.38%).

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MARKET STATISTICS  

CAP N13,137,377,376,623.94 One Day (ASI CHG) -0.36%
Index 26,987.45 One Week (ASI CHG) -2.48%
Volume 138,879,927 One Month (ASI CHG) -1.22%
Value N1,033,417,236.28 Six Months (ASI CHG) -8.68%
Deals 2,688 52 Weeks (ASI CHG) -16.77%
Gainers 11 Losers 17
Unchanged 69 Total 97
  YTD Returns -14.14%  

Source: NSE, GTI Research

FMDQ ABOUT

FOREIGN EXCHANGE

The Naira remained flat to close at N307.00/$1, as against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N362.08, traded high at N363.35 and eventually closed at N362.77 representing 0.07% depreciation as against yesterday’s position. A total of $101.98 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 3.43%, representing a 6.21% depreciation against  yesterday’s position, while Open Buy-Back (OBB) rate closed at 2.71%, representing a 5.86% depreciation against yesterday’s position.

FIXED INCOME
Securities P. Close Close Change
Bond 1039.91 1034.98 -4.93 bps
T.Bills 561.51 543.22 -18.29 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

NASD OTC MARKET         

The NASD OTC market sustained unchanged sentiment to three(3) consecutive trading sessions, as the Unlisted Securities Index (USI) closed at 699.63 points. Similarly, the Market Capitalization closed at N502.64 billion as against yesterday’s position. However, the aggregate volume and value declined by 99.20% and 99.78% respectively, as investors traded a total of 701 units of shares valued at N24,950 in 3 deals.

NASD Daily Price List

 

Sector Performance  

Sector %    Change
NSE30 -0.23
BANKING -1.11
CONSUMER GOODS 0.52
INDUSTRIAL -1.61
INSURANCE 1.46
LOTUS ISLAMIC -0.54
OIL/GAS -0.50

  

Top 7 Gainers

Company Pclose Open Close Change % Change
UAC-PROP 1.04 1.04 1.13 0.09 8.65
UNILEVER 24.65 24.65 26.70 2.05 8.32
NAHCO 2.34 2.34 2.47 0.13 5.56
STERLNBANK 1.80 1.80 1.90 0.10 5.56
LAWUNION 0.42 0.42 0.44 0.02 4.76
CONTINSURE 2.20 2.20 2.27 0.07 3.18
MANSARD 1.66 1.66 1.70 0.04 2.41

Top 7 Losers   

Company Pclose Open Close Change % Change
FIDSON 4.05 4.05 3.65 -0.40 -9.88
CCNN 16.40 16.40 14.80 -1.60 -9.76
FO 16.40 16.40 14.80 -1.60 -9.76
NEIMETH 0.48 0.48 0.44 -0.04 -8.33
ABCTRANS 0.37 0.37 0.34 -0.03 -8.11
CORNERST 0.42 0.42 0.40 -0.02 -4.76
NASCON 13.70 13.70 13.20 -0.50 -3.65

 Top 7 Traders By Volume 

Company Volume Value(₦) Current Price
UAC-PROP                             50,213,013                         56,729,574 1.13
GUARANTY                             17,580,821                       467,892,944 26.50
CONTINSURE                               8,097,932                         17,903,549 2.27
FIDELITYBK                               7,749,645                         13,145,865 1.67
ZENITHBANK                               6,291,678                       113,856,692 18.00
TRANSCORP                               6,264,955                           6,336,304 1.01
ACCESS                               5,789,445                         41,729,171 7.20

 Top 7 Traders By Value 

Company Volume Value(₦) Current Price
GUARANTY                             17,580,821                  467,892,944.00 26.50
ZENITHBANK                               6,291,678                  113,856,691.90 18.00
STANBIC                               1,601,700                    60,864,697.00 38.00
UAC-PROP                             50,213,013                    56,729,574.28 1.13
ACCESS                               5,789,445                    41,729,170.85 7.20
NASCON                               2,800,142                    36,972,430.35 13.20
MTNN                                  247,607                    32,191,995.70 130.00

          

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