Equity market dips below N11 trillion market Cap

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The Nigerian equity market today extended downtrend by shedding 1.22%, causing market capitalization to dip below the N11 trillion mark. Market breadth closed positive recording 26 gainers as against 19 losers.

NSE Trading Floor

The All Share Index (ASI) shed by 361.32 absolute points, representing a decline of 1.22% to close at 29,159.74 points. Similarly, Market Capitalization decreased by N135.79 billion representing a dip of 1.22% to close at N10.96 trillion.

CAVERTON, JAPAUL OIL & UAC-PROP emerged the top gainers while CUTIX emerged as the top loser.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; CCNN (-8.79%), STANBIC (-3.77%), TRANSCORP (-3.48%), DANGCEM (-3.23%), NESTLE (-1.94%), WEMABANK (-1.35%), GUARANTY (-1.35%), OANDO (-1.00%), DANGSUGAR (-0.71%), and OKOMUOIL (-0.69%).

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MARKET STATISTICS  

CAP N10,958,721,375,970.20 One Day (ASI CHG) -1.22%
Index 29,159.74 One Week (ASI CHG) -3.05%
Volume 543,924,121 One Month (ASI CHG) -6.06%
Value N8,199,808,766.10 Six Months (ASI CHG) -12.08%
Deals 4,682 52 Weeks (ASI CHG) -29.34%
Gainers 26 Losers 19
Unchanged 57 Total 104
  YTD Returns -7.22%  

 

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira exchange rate at the official window remained unchanged at N306.95/$1 against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N360.40, traded high at N361.15 and eventually closed at N360.63, representing a 0.04% appreciation against yesterday’s closing position. A total of $165.75 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 9.82%, representing an 8.75% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 8.96%, representing an 8.89% depreciation against yesterday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 989.20 990.23 1.03 bps
T.Bills 523.57 523.23 -0.34 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

NASD OTC MARKET         

The NASD market closed bearish after today’s trading activities as the Unlisted Securities Index (USI) declined by 1.40% to close at 758.21 points. Market Capitalization also dipped by N7.75 billion to settle at N544.73 billion. Market activities measured by aggregate volume and value declined by 3.43% and 86.80% respectively. Investors traded a total of 500,104 units of shares valued at N9.84 million in 10 deals.

Six securities were traded on the OTC Platform today and they include  SDCSCSPlc, SDFCWAMCO, and SDNDEP

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Sector Performance     

Sector %    Change
NSE30 -0.98
BANKING 0.08
CONSUMER GOODS -0.67
INDUSTRIAL -3.19
INSURANCE 0.11
LOTUS ISLAMIC -2.21
OIL/GAS 1.50

Top 7 Gainers     

Company Pclose Open Close Change % Change
CAVERTON 2.70 2.70 2.97 0.27 10.00
JAPAULOIL 0.30 0.30 0.33 0.03 10.00
UAC-PROP 1.50 1.50 1.65 0.15 10.00
FO 32.10 32.10 35.30 3.20 9.97
DANGFLOUR 17.10 18.80 18.80 1.70 9.94
MAYBAKER 2.05 2.05 2.25 0.20 9.76
JBERGER 24.70 24.70 26.95 2.25 9.11

Top 7 Losers                

Company Pclose Open Close Change % Change
CUTIX 2.05 2.05 1.85 -0.20 -9.76
GOLDINSURE 0.44 0.44 0.40 -0.04 -9.09
CCNN 15.35 15.35 14.00 -1.35 -8.79
UNITYBNK 0.85 0.85 0.80 -0.05 -5.88
NASCON 19.00 19.00 18.10 -0.90 -4.74
NAHCO 3.40 3.40 3.25 -0.15 -4.41
SOVRENINS 0.25 0.25 0.24 -0.01 -4.00

Top 7 Traders By Volume          

Company Volume Value(₦) Current Price
CCNN                           132,328,491                    1,855,146,724 14.00
FBNH                             68,782,792                       497,249,736 7.30
UNILEVER                             50,469,605                    1,564,567,244 31.00
GUARANTY                             41,441,365                    1,376,864,951 33.00
DANGFLOUR                             37,881,723                       712,078,799 18.80
JAPAULOIL                             37,478,759                         12,231,679 0.33
ZENITHBANK                             25,115,418                       532,505,048 21.30

 Top 7 Traders By Value              

Company Volume Value(₦) Current Price
CCNN                           132,328,491               1,855,146,724.20 14.00
UNILEVER                             50,469,605               1,564,567,244.25 31.00
GUARANTY                             41,441,365               1,376,864,951.40 33.00
DANGFLOUR                             37,881,723                  712,078,798.60 18.80
ZENITHBANK                             25,115,418                  532,505,048.35 21.30
FBNH                             68,782,792                  497,249,735.50 7.30
DANGCEM                               1,284,541                  234,099,557.70 180.00

 

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