Equity market extend free fall to five successive trading sessions

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Activities on the Nigeria Stock Exchange (NSE) extended its free fall to five successive trading sessions as the All-Share Index (ASI) dipped by 0.31% at the close of today’s trading. Of all the five market sectors, only Industrial goods recorded a marginal gain of 0.02%, while other closed in the red. Consequently, market breadth closed negative, recording 10 gainers and 23 losers.

NSE Trading Floor

The All Share Index (ASI) shed 94.94 absolute points, representing a decline of 0.31% to close at 30,432.13 points. Similarly, Market Capitalization lost N41.81 billion, representing a dip of 0.31% to close at N13.40 trillion.

CUTIX & NPFMCRFBK emerged the top gainer while PZ emerged as top loser.

The downtrend was impacted by losses recorded in large and medium capitalized stocks, amongst which are; HONYFLOUR (-5.26%), DANGSUGAR (-4.17%), MOBIL (-2.86%), GUARANTY (-0.98%), FLOURMILL (-0.17%), NESTLE (-0.68%), ETI (-0.50%), MTNN (-0.33%) and ZENITHBANK (-0.25%).

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MARKET STATISTICS  

CAP N13,402,457,583,255.07 One Day (ASI CHG) -0.31%
Index 30,432.13 One Week (ASI CHG) -2.05%
Volume 305,558,639 One Month (ASI CHG) +4.59%
Value N3,903,879,632.43 Six Months (ASI CHG) -1.41%
Deals 3,754 52 Weeks (ASI CHG) -22.05%
Gainers 10 Losers 23
Unchanged 66 Total 93
  YTD Returns -3.18%  

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 N360.56, traded high at N361.50 and eventually closed at N360.75 representing a 0.02% depreciation against yesterday’s closing position. A total of $330.61 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 11.43%, representing a 2.21% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 10.86%, representing a 2.57% appreciation against yesterday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 983.64 994.43 +10.79 bps
T.Bills 544.07 540.80 -3.27 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

NASD OTC MARKET         

The NASD market today closed positively after three trading sessions in red, activities as the Unlisted Securities Index (USI) grew by 1.17% to close at 7753.35 points against yesterdays index. The Market Capitalization gained N6.28 billion closing at N541.24 billion. Conversely, Market activities measured by aggregate volume and value declined by 99.12% and 71.53% respectively. Investors traded a total of 603,799 units of shares valued at N14.45 million in 17 deals.

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Sector Performance           

Sector %    Change
NSE30 -0.37
BANKING -0.32
CONSUMER GOODS -0.73
INDUSTRIAL 0.02
INSURANCE -0.34
LOTUS ISLAMIC -0.92
OIL/GAS -1.37

Top 7 Gainers    

Company Pclose Open Close Change % Change
CUTIX 1.50 1.50 1.60 0.10 6.67
NPFMCRFBK 1.35 1.35 1.44 0.09 6.67
CHAMS 0.34 0.34 0.36 0.02 5.88
WEMABANK 0.60 0.60 0.62 0.02 3.33
LASACO 0.31 0.31 0.32 0.01 3.23
UCAP 2.15 2.15 2.20 0.05 2.33
STERLNBANK 2.40 2.40 2.45 0.05 2.08

Top 7 Losers           

Company Pclose Open Close Change % Change
PZ 8.15 8.15 7.35 -0.80 -9.82
UPL 1.99 1.99 1.80 -0.19 -9.55
CHIPLC 0.22 0.22 0.20 -0.02 -9.09
TOTAL 162.00 162.00 150.00 -12.00 -7.41
ACADEMY 0.29 0.29 0.27 -0.02 -6.90
CAVERTON 2.57 2.57 2.40 -0.17 -6.61
HONYFLOUR 1.14 1.14 1.08 -0.06 -5.26

 Top 7 Traders By Volume    

Company Volume Value(₦) Current Price
UBA                             91,684,448                       565,897,512 6.25
ZENITHBANK                             30,379,230                       614,361,284 20.35
GUARANTY                             29,750,035                       907,779,977 30.40
ROYALEX                             23,890,884                           5,255,994 0.22
STERLNBANK                             12,709,518                         30,504,099 2.45
ACCESS                               9,500,489                         60,329,245 6.30
FIDELITYBK                               8,944,881                         15,493,775 1.72

 Top 7 Traders By Value     

Company Volume Value(₦) Current Price
MTNN                               7,751,749               1,082,048,276.25 136.50
GUARANTY                             29,750,035                  907,779,977.05 30.40
ZENITHBANK                             30,379,230                  614,361,283.55 20.35
UBA                             91,684,448                  565,897,512.45 6.25
MOBIL                               1,426,700                  242,492,812.20 170.00
FLOURMILL                               4,650,134                    65,056,894.75 13.90
ACCESS                               9,500,489                    60,329,244.75 6.30

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