Equity market extends negative sentiment amid price decline on bellwether stocks
Local Bourse today (Friday) closed the trading week on a negative note to extend the bearish run to two consecutive days, as the market performance index, the All-Share Index (ASI) fell by 0.74% to go below the 40,000 point. The downturn was buoyed by sell pressure on the bellwether stocks. Consequently, the market breath negatively, recording 17 gainers and 24 losers.
NSE Trading Floor
In summary, the All-Share Index (ASI) dipped by 295.60 absolute points, representing an decrease of 0.74% to close at 39,799.89 points. While the overall Market Capitalization value lost N154.66 billion, representing a decline of 0.74% to close at N20.82 trillion.
LASACO emerged as the top gainer with a price appreciation of +9.82%, while CHAMPION and WEMA emerged as joint-top losers (by percentage points) for today, with the price depreciation of -10.00%.
Today’s market gain was driven by price depreciation in large and medium capitalized stocks amongst which are; MANSARD(-5.36%), AIICO(-4.17%), INTBREW(-3.65%), WAPIC(-3.57%), MTNN(-3.28%), WAPCO(-2.94%), ZENITHBANK(-1.54%), STERLNBANK(-1.16%), TRANSCORP(-1.09%), PZ(-0.93%), UACN(-0.66%), UBA(-0.61%), DANGSUGAR(-0.55%), and GUARANTY(-0.16%).
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MARKET STATISTICS
| CAP | N20,823,496,375,394.23 | One Day (ASI CHG) | -0.74% |
| Index | 39,799.89 | One Week (ASI CHG) | -0.96% |
| Volume | 507,254,782 | One Month (ASI CHG) | -4.29% |
| Value | N2,442,549,597.84 | Six Months (ASI CHG) | +57.12% |
| Deals | 4,465 | 52 Weeks (ASI CHG) | +47.55% |
| Gainers | 17 | Losers | 24 |
| Unchanged | 63 | Total | 104 |
| YTD Returns | -1.17% |
Source: NSE, GTI Research
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 N409.24 traded high at N415.00 and eventually closed at N410.25, representing 0.39% depreciation against Thursday’s position. A total of $43.97 million was transacted through the I&E window today.
MONEY MARKET
Overnight(O/N) rate closed at 6.33%, representing a 1.97% depreciation against yesterday’s position, while Open Buy-Back (OBB) rate closed at 5.67%, representing a 1.93% depreciation as against yesterday’s position.
Sector Performance
| Security | % Change |
| NSE30 | -0.90 |
| NSEBNK | -0.48 |
| NSECNSMRGDS | -0.40 |
| NSEINDUSTR | -0.19 |
| NSEINS | -2.32 |
| NSELOTUSISLM | -1.09 |
| NSEOILGAS | 0.25 |
Top 7 Gainers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| LASACO | 1.12 | 1.12 | 1.23 | 0.11 | 9.82 |
| MBENEFIT | 0.37 | 0.37 | 0.4 | 0.03 | 8.11 |
| COURTVILLE | 0.2 | 0.2 | 0.21 | 0.01 | 5.00 |
| OANDO | 3.35 | 3.35 | 3.45 | 0.1 | 2.99 |
| NAHCO | 2.22 | 2.22 | 2.28 | 0.06 | 2.70 |
| CAP | 19 | 19 | 19.5 | 0.5 | 2.63 |
| UCAP | 6 | 6 | 6.13 | 0.13 | 2.17 |
Top 7 Losers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| CHAMPION | 2.8 | 2.8 | 2.52 | -0.28 | -10.00 |
| WEMABANK | 0.7 | 0.7 | 0.63 | -0.07 | -10.00 |
| SUNUASSUR | 0.73 | 0.73 | 0.66 | -0.07 | -9.59 |
| AFRIPRUD | 6.1 | 6.1 | 5.75 | -0.35 | -5.74 |
| MANSARD | 1.12 | 1.12 | 1.06 | -0.06 | -5.36 |
| CUTIX | 2.24 | 2.24 | 2.14 | -0.10 | -4.46 |
| AIICO | 1.2 | 1.2 | 1.15 | -0.05 | -4.17 |
Top 7 Traders By Volume
| Security | Daily Volume | Daily Value | Close Price |
| WEMABANK | 304,527,435 | 197,268,181.30 | 0.63 |
| FBNH | 30,753,586 | 226,050,730.45 | 7.35 |
| ZENITHBANK | 26,612,902 | 677,408,964.35 | 25.45 |
| TRANSCORP | 22,926,486 | 20,681,176.50 | 0.91 |
| UCAP | 17,149,700 | 104,608,595.99 | 6.13 |
| UBA | 16,094,607 | 130,051,224.85 | 8.15 |
| ACCESS | 12,375,275 | 99,665,180.45 | 8.25 |
Top 7 Traders By Value
| Security | Daily Volume | Daily Value | Close Price |
| ZENITHBANK | 26,612,902 | 677,408,964.35 | 25.45 |
| GUARANTY | 9,020,971 | 279,928,286.30 | 31.00 |
| FBNH | 30,753,586 | 226,050,730.45 | 7.35 |
| WEMABANK | 304,527,435 | 197,268,181.30 | 0.63 |
| MTNN | 780,940 | 136,361,786.80 | 174.00 |
| UBA | 16,094,607 | 130,051,224.85 | 8.15 |
| UCAP | 17,149,700 | 104,608,595.99 | 6.13 |
