Equity Market Dips Further, as Investor Losses N17 Billion

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The Nigerian Equity Market today, (Friday) closed further Southward, as bears continues to dominate the stock market. The downturn could be attributed to reversed sentiments by investors to the fixed income market, following the recent rise in yields. Consequently, the market breath closely negative, recording 20 gainers as against 25 losers.

Nigerian Stock Exchange 2

NSE Trading Floor

In summary, the All-Share Index (ASI) shed 32.61 absolute points, representing a loss of 0.08% to close at 40,154.09 points. While the overall Market Capitalization value shed N17.06 billion, representing a decrease of 0.08% to close at N21.01 trillion.

UPDCREDIT emerged as top gainer with a price appreciation of +9.35%, while AFRIPRUD emerged as top loser (by percentage points) for today, with the price depreciation of -9.59%.  

Today’s market loss was driven by price depreciation in large and medium capitalized stocks amongst which are; LASACO(-9.52%), WAPCO(-8.00%), LIVESTOCK(-6.25%), UCAP(-5.51%), FIDELITYBK(-3.23%), AIICO(-2.61%), UNILEVER(-2.51%), STERLNBANK(-1.67%), MANSARD(-0.85%), UACN(-0.64%) and ACCESS(0.60%). 

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MARKET STATISTICS

CAP N21,008,819,732,044.69 One Day (ASI CHG) -0.08%
Index 40,154.09 One Week (ASI CHG) -1.03%
Volume 289,338,344 One Month (ASI CHG) -2.07%
Value N3,573,971,068.65 Six Months (ASI CHG) +59.20%
Deals 4,953 52 Weeks (ASI CHG) +46.61%
Gainers 20 Losers 25
Unchanged 65 Total 110
YTD Returns -0.29%

Source: NSE, GTI Research 

FMDQ ABOUT

FOREIGN EXCHANGE

The Naira at the official rate remains unchanged to close at N379.00/$1 as against Thursday’s position.

The Investors and Exporters (I&E) FX window opened at N408.04 traded high at N424.15 and eventually closed at N410.00, representing 0.11% depreciation against Friday’s position. A total of $66.41 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 15.25%, representing a 5.25% depreciation against Friday’s position, while Open Buy-Back (OBB) rate closed at 15.00%,  representing a 5.00% depreciation as against Friday’s position.

 

Sector Performance

Security Change Percent
NSE30 -0.09
NSEBNK 0.19
NSECNSMRGDS -0.08
NSEINDUSTR -0.55
NSEINS -0.13
NSELOTUSISLM -0.24
NSEOILGAS 0.08

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
UPDCREIT 5.35 5.35 5.85 0.50 9.35
CHIPLC 0.33 0.33 0.36 0.03 9.09
ACADEMY 0.35 0.35 0.38 0.03 8.57
CORNERST 0.64 0.64 0.69 0.05 7.81
UPL 1.20 1.20 1.29 0.09 7.50
MBENEFIT 0.40 0.40 0.42 0.02 5.00
VERITASKAP 0.20 0.20 0.21 0.01 5.00

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
AFRIPRUD 7.30 7.30 6.60 -0.70 -9.59
LASACO 1.68 1.68 1.52 -0.16 -9.52
NIGERINS 0.23 0.23 0.21 -0.02 -8.70
WAPCO 25.00 25.00 23.00 -2.00 -8.00
REDSTAREX 3.37 3.37 3.12 -0.25 -7.42
NPFMCRFBK 1.82 1.82 1.70 -0.12 -6.59
LIVESTOCK 2.24 2.24 2.10 -0.14 -6.25

Top 7 Traders By Volume

Security  Daily Volume   Daily Value  Close Price
FBNH          57,556,050          419,712,709 7.30
UCAP          27,443,887          167,340,385 6.00
GUARANTY          26,846,793          820,545,362 30.50
UBA          25,197,443          210,949,732 8.40
ZENITHBANK          21,749,034          540,276,662 24.80
SOVRENINS          18,113,888               4,396,914 0.26
ACCESS          10,296,926            85,382,635 8.35

Top 7 Traders By Value

Security  Daily Volume   Daily Value  Close Price
GUARANTY          26,846,793          820,545,362 30.50
ZENITHBANK          21,749,034          540,276,662 24.80
MTNN            2,582,008          464,653,933 180.00
FBNH          57,556,050          419,712,709 7.30
UBA          25,197,443          210,949,732 8.40
DANGCEM                911,566          195,144,230 220.00
UCAP          27,443,887          167,340,385 6.00

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