Equity market decline further as investors weigh CoVid-19 impact

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Following last week’s reported case of CoVid-19 in Nigeria, equity market on Monday sustained losing streak into the new month (extending downtrend to seven consecutive trading days) as investors continue to sell-down amidst the fear of coronavirus pandemic. Consequently, the market breadth closed negative, recording 9 gainers against 28 losers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 399.89 absolute points, representing a dip of 1.53% to close at 25,816.57 points. Similarly, the overall Market Capitalization size shed N208.32 billion, representing a dip of 1.53% to close at N13.45 trillion.

LAWUNION emerged as the top gainer while NESTLE, UNILEVER, WAPCO, & PZ emerged as top losers.

The downtrend was impacted by losses recorded in large and medium capitalized stocks, amongst which are; NESTLE (-10.00%), WAPCO (-10.00%), PZ (-10.00%), ACCESS (-6.10%), ETI (-5.56%), GUARANTY (-4.62%), UBA (-3.73%), and ZENITHBANK (-2.43%).

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MARKET STATISTICS

CAP N13,449,281,594,694.09 One Day (ASI CHG) -1.53%
Index 25,816.57 One Week (ASI CHG) -4.53%
Volume 325,261,259 One Month (ASI CHG) -9.52%
Value N6,026,645,809.12 Six Months (ASI CHG) -6.34%
Deals 5,054 52 Weeks (ASI CHG) -19.65%
Gainers 9 Losers 28
Unchanged 57 Total 95
YTD Returns -3.82%

Source: NSE, GTI Research

 

 

FOREIGN EXCHANGE

The Naira at the official window on Monday closed lower at 307.00/$1, representing a 0.02% depreciation against Friday’s position.

The Investors and Exporters (I&E) FX window opened at N365.07, traded high at N366.60 and eventually closed at N365.46, representing a 0.06% depreciation against Friday’s closing position. A total of $848.01 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 15.58%, representing a 0.83% depreciation against Friday’s closing position, while Open Buy-Back (OBB) rate closed at 14.83%, representing 0.67% depreciation against Friday’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 482.98 479.89 -3.09 bps
T.Bills 530.45 548.65 +18.20 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 increased by 527.09% and 574.09% respectively, as investors traded a total of 1,254,522 volume of shares, valued at N16.20 million in 9 deals.

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Sector Performance

Sector % Change
NSE30 -1.72
BANKING -3.66
CONSUMER GOODS -5.19
INDUSTRIAL -1.22
INSURANCE +0.30
LOTUS ISLAMIC -1.88
OIL/GAS 0.00

 

Top 7 Gainers

Company Pclose Open Close Change % Change
LAWUNION 0.90 0.90 0.99 0.09 10.00
AIICO 0.77 0.77 0.83 0.06 7.79
ETERNA 1.99 1.99 2.10 0.11 5.53
FCMB 1.71 1.71 1.80 0.09 5.26
COURTVILLE 0.20 0.20 0.21 0.01 5.00
AFRIPRUD 4.70 4.70 4.85 0.15 3.19
LIVESTOCK 0.63 0.63 0.65 0.02 3.17

 

Top 7 Losers

Company Pclose Open Close Change % Change
NESTLE 1130.00 1130.00 1017.00 -113.00 -10.00
PZ 4.50 4.50 4.05 -0.45 -10.00
UNILEVER 15.00 15.00 13.50 -1.50 -10.00
WAPCO 15.50 15.50 13.95 -1.55 -10.00
NAHCO 2.61 2.61 2.35 -0.26 -9.96
CAP 24.60 24.60 22.15 -2.45 -9.96
LEARNAFRCA 1.12 1.12 1.01 -0.11 -9.82

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
GUARANTY                            93,694,470                   2,138,658,429 22.70
ZENITHBANK                            44,186,887                      798,453,282 18.05
UBA                            18,386,675                      121,258,929 6.45
FIDELITYBK                            17,661,601                        32,268,851 1.85
FBNH                            16,763,899                        79,074,024 4.70
COURTVILLE                            12,306,923                          2,505,812 0.21
UCAP                            11,823,068                        37,182,258 3.10

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                            93,694,470              2,138,658,428.95 22.70
NESTLE                              1,860,411              1,892,127,853.30 1017.00
ZENITHBANK                            44,186,887                 798,453,281.65 18.05
MTNN                              2,686,528                 295,556,343.60 110.00
NB                              6,926,930                 280,152,241.30 40.50
UBA                            18,386,675                 121,258,929.00 6.45
FBNH                            16,763,899                   79,074,023.70 4.70

 

GTI

GTI is a leading Nigerian Investment Banking group with proven expertise in Financial advisory, Securities Dealing (Fixed Income and Equities), Asset management and Deal Origination. We have strong capacity in financial service delivery.

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