Equity Market Extends Loosing Streak to Three Consecutive Trading Sessions

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The equity market today shed 0.27%, extending its loosing streak to three consecutive trading sessions. The decline was driven by losses experienced in banking, consumer goods and industrial sectors of the market. Consequently, Market breadth closed negative, recording 14 gainers and 15 losers.

 

 

NSE Trading Floor

 

The All Share Index (ASI) declined by 85.55 absolute points, representing a decrease of 0.27%, to close at 31,924.51 points. Similarly, Market Capitalization shed N31.91 billion representing a dip of 0.27%, to close at N11.91trillion.

 

WAPIC emerged the top gainer while ACADEMY emerged as the top loser.

 

The downtrend was impacted by losses recorded in medium and large capitalized stocks, amongst which are; DANGFLOUR (-7.93%), NB (-4.03%), UBA (-1.29%), GUARANTY (-0.93%), FBNH (-0.61%), WAPCO (-0.38%) and DANGSUGAR (-0.34%).

 

Click here for more on NSE Daily Price List

 

 

 

MARKET STATISTICS

 

CAP N11,905,141,991,290.93 One Day (ASI CHG) -0.27
Index 31,924.51 One Week (ASI CHG) +0.31
Volume 233,293,742 One Month (ASI CHG) +1.25
Value N2,270,798,795.08 Six Months (ASI CHG) -6.21
Deals 3,110 52 Weeks (ASI CHG) -25.48
Gainers 14 Losers 15
Unchanged 65 Total 94
YTD Returns +1.57

 

 

Source: NSE, GTI Research

 

FOREIGN EXCHANGE

 

The Naira at the inter-bank rate remain unchanged to closed at N306.90 against  yesterday’s closing price.

The Investors and Exporters (I&E) FX window opened at N360.29, traded high at N362.00 and eventually closed at N360.42, to represent a 0.02% appreciation against yesterday’s closing price. A total of $563.61million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 10.08%, representing a 0.50% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate also closed at 9.17%, representing a 0.67% depreciation against yesterday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 902.41 914.35 11.94 bps
T.Bills 574.31 580.16 585 bps
Note: BPS=> Basis Points

 

Source: FMDQ, GTI Research 

 

 

Sector Performance     

Sector %    Change
NSE30 -0.31
BANKING -0.14
CONSUMER GOODS -0.98
INDUSTRIAL -0.05
INSURANCE +0.16
LOTUS ISLAMIC +0.05
OIL/GAS +0.25

Top Losers      

COMPANY PCLOSE OPEN HIGH LOW CLOSE CHANGE %CHANGE
ACADEMY 0.4 0.4 0.36 0.36 0.36 -0.04 -10.00
VERITASKAP 0.23 0.23 0.21 0.21 0.21 -0.02 -8.70
NEIMETH 0.7 0.7 0.64 0.64 0.64 -0.06 -8.57
DANGFLOUR 11.35 11.35 11 10.45 10.45 -0.9 -7.93
STERLNBANK 2.48 2.48 2.35 2.35 2.35 -0.13 -5.24
NB 78.15 78.15 75 75 75 -3.15 -4.03
UNITYBNK 0.93 0.93 0.9 0.9 0.9 -0.03 -3.23

Top Gainers

COMPANY PCLOSE OPEN HIGH LOW CLOSE CHANGE %CHANGE
WAPIC 0.4 0.4 0.42 0.39 0.42 0.02 5.00
PZ 11.1 11.1 12 11.65 11.65 0.55 4.95
NPFMCRFBK 1.48 1.48 1.55 1.55 1.55 0.07 4.73
SOVRENINS 0.24 0.24 0.25 0.25 0.25 0.01 4.17
AFRIPRUD 4.61 4.61 4.8 4.66 4.8 0.19 4.12
UCAP 3 3 3.2 3.04 3.07 0.07 2.33
OANDO 5.6 5.6 5.7 5.65 5.7 0.1 1.79

Top 7 Traders By Volume    

COMPANY  VOLUME  VALUE CURRENT PRICE
SOVRENINS         62,378,115 15619028.75 0.25
ZENITHBANK         46,687,346 1162762811 24.95
FBNH         16,748,268 136728630.2 8.1
DIAMONDBNK         12,650,328 31234984.71 2.42
UBA         11,933,716 91880026 7.65
ACCESS         11,012,610 66322237.9 6
JAPAULOIL 10968605 2196761.02 0.21

Top 7 Traders By Value      

COMPANY  VOLUME  VALUE CURRENT PRICE
ZENITHBANK         46,687,346   1,162,762,810.50 24.70
GUARANTY         10,517,658      393,336,366.10 37.15
FBNH         16,748,268      136,728,630.20 8.10
STANBIC           1,993,598        95,580,942.50 47.10
UBA         11,933,716        91,880,026.00 7.65
ACCESS         11,012,610        66,322,237.90 6.00
NB              486,567        36,527,292.55 75.00

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