Equity Market extends downtrend to third day, Post 0.09% loss

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The equity market closed lower on today, shedding 0.09% to extend downtrend to three consecutive trading days. Market breadth closed positive, recording 19 gainers and 18 losers.

 

NSE Trading Flour

 

In summary, the All Share Index (ASI) was down by 30.46 absolute points, representing a decrease of 0.09%, closing at 32,423.57 points. Similarly, the Market Capitalization decreased by N11.12 billion, representing a dip of 0.09%, closing at N11.87 trillion.

CUTIX emerged the top gainer while NIGERINS emerged the top loser

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; HONEYFLOUR (-3.45%), NB (-2.81%), ETI (-1.96%), TRANSCORP (-1.54%), DANGSUGAR (-1.03%), ACCESS (-0.62%) and UBA (-0.60%).

 

MARKET STATISTICS

CAP N11,837,107,697,700.29 One Day (ASI CHG) -0.09
Index 32,423.57 One Week (ASI CHG) -1.05
Volume 151,346,953 One Month (ASI CHG) -7.19
Value N1,542,640,726.12 Six Months (ASI CHG) -20.43
Deals 2,356 52 Weeks (ASI CHG) -9.37
Gainers 19 Losers 18
Unchanged 76 Total 105
YTD Returns -15.22

Source: NSE, GTI Research

 

FOREIGN EXCHANGE

The Naira at the inter-bank rate closed unchanged at N306.40, yesterday’s closing price.

The Investors and Exporters (I&E) FX window opened at N363.75, traded high at N365.00 and eventually closed at N363.57, representing a 0.06% appreciation against yesterday’s closing price. A total of $392.90 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight (O/N) rate closed at 12.58%, representing a 7.58% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate  closed  at 11.67% representing a 7.42% depreciation against yesterday’s closing position.

 

Fixed Income
Securities P. Close Close Change
Bonds 805.98 803.00 -3
T.Bills 374.30 377.37 +3
Note: BPs => Basis Points

 

Sector Performance

Sector %    Change
NSE30 -0.17
BANKING 0.39
CONGLOMERATE 0.04
CONSUMER GOODS -0.71
INDUSTRIAL 0.40
INSURANCE -0.40
LOTUS ISLAMIC -0.23
OIL/GAS 0.47

 

Top 7 Gainers                                                        Number of Gainers (19)

Company Pclose Open Close Change % Change
CUTIX 4.30 4.30 4.73 0.43 10.00
SOVRENINS 0.22 0.22 0.24 0.02 9.09
AGLEVENT 0.37 0.37 0.40 0.03 8.11
CCNN 23.20 23.20 25.00 1.80 7.76
FIRSTALUM 0.37 0.37 0.39 0.02 5.41
AIICO 0.77 0.77 0.81 0.04 5.19
JAPAULOIL 0.22 0.22 0.23 0.01 4.55

 

Top 7 Losers                                                          Number of Losers(18)

Company Pclose Open Close Change % Change
NIGERINS 0.31 0.31 0.28 -0.03 -9.68
NEIMETH 0.65 0.65 0.59 -0.06 -9.23
ROYALEX 0.22 0.22 0.20 -0.02 -9.09
RTBRISCOE 0.46 0.46 0.42 -0.04 -8.70
UNIONDAC 0.31 0.31 0.29 -0.02 -6.45
LASACO 0.32 0.32 0.30 -0.02 -6.25
WAPIC 0.39 0.39 0.37 -0.02 -5.13

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
FCMB                       28,916,973.00                   49,888,360.46 1.72
FIDELITYBK                       19,077,411.00                   35,537,037.54 1.86
GUARANTY                       18,160,433.00                 671,839,767.25 36.75
NASCON                       17,143,726.00                 316,325,495.00 18.60
RTBRISCOE                         6,553,181.00                     2,752,336.02 0.42
CUSTODIAN                         6,231,021.00                   32,260,822.98 5.18
ACCESS                         5,674,722.00                   45,631,306.80 8.00

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                       18,160,433.00                 671,839,767.25 36.75
NASCON                       17,143,726.00                 316,325,495.00 18.60
ZENITHBANK                         4,391,666.00                   97,872,265.55 22.40
FCMB                       28,916,973.00                   49,888,360.46 1.72
ACCESS                         5,674,722.00                   45,631,306.80 8.00
FO                         1,991,234.00                   44,000,007.30 22.10
FBNH                         4,377,092.00                   39,573,222.40 9.10

Source: NSE, GTI Research

 

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