Equity market extends negative sentiment amid price decline on bellwether stocks

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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.

Nigerian Stock Exchange 2

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 

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 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

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