Equity Market Further Recedes. Sheds 0.68%

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The Equity Market closed lower today, shedding 0.68%, extending downtrend to three consecutive trading days. The Market breadth closed negative, recording 18 gainers against 22 losers.

 

NSE Trading Floor

 

In summary, the All Share Index (ASI) was down by 238.22 absolute points, representing an decrease of 0.68%, closing at 34,848.45 points. Similarly, the Market Capitalization was down by N99.40 billion, representing an decrease of 0.68%, closing at N12.72 trillion.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; HONEYFLOUR (-9.09%), GUARANTY (-5.26%), FBNH (-3.30%), ZENITHBANK (-3.00%), NB (-2.10%), UBA (-1.23%), TOTAL (-1.20%), WAPCO (-0.84%),  FIDELITYBK (-0.60%), and NASCON (-0.25%).

 

FOREIGN EXCHANGE

The Naira at the inter-bank rate closed unchanged at N306.15 against yesterday’s closing price.

The Investors and Exporters (I&E) FX window opened at N362.50, traded high at N364.80 and eventually closed at N362.64, representing 0.09% depreciation against yesterday’s closing price. A total of $252.66 million was transacted through the I&E window today.

We expect the FX Market to trade within existing range in the next session.

 

MONEY MARKET

Overnight (O/N) rate closed at 6.83%, representing a 4.83% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate  closed  at 6.00% representing a 4.67% depreciation against yesterday’s closing position.

We expect the Money Market to trade within existing range in the next session.

 

Sector Performance

Sector %    Change
NSE30 -0.75
BANKING -2.48
CONGLOMERATE -1.67
CONSUMER GOODS -0.36
INDUSTRIAL -0.22
INSURANCE 0.91
LOTUS ISLAMIC 0.32
OIL/GAS 0.10

 

Top 7 Gainers                                                                                    Number of Gainers (18)

Company Pclose Open Close Change % Change
AIRSERVICE 5.00 5.00 5.50 0.50 10.00
LASACO 0.30 0.30 0.33 0.03 10.00
FIRSTALUM 0.31 0.31 0.34 0.03 9.68
AIICO 0.75 0.75 0.82 0.07 9.33
OKOMUOIL 71.20 71.20 76.95 5.75 8.08
ETERNA 6.20 6.20 6.70 0.50 8.06
VERITASKAP 0.27 0.27 0.29 0.02 7.41

 

Top 7 Losers                                                                                       Number of Losers (22)

Company Pclose Open Close Change % Change
JAIZBANK 0.55 0.55 0.50 -0.05 -9.09
CHAMS 0.34 0.34 0.31 -0.03 -8.82
HONYFLOUR 1.62 1.62 1.49 -0.13 -8.02
ROYALEX 0.26 0.26 0.24 -0.02 -7.69
JAPAULOIL 0.27 0.27 0.25 -0.02 -7.41
GLAXOSMITH 14.00 14.00 13.10 -0.90 -6.43
GUARANTY 38.00 38.00 36.00 -2.00 -5.26

 

Top 7 traders By Volume

Company Volume Value(₦) Current Price
DIAMONDBNK                     102,820,093.00                 124,453,892.48 1.23
ZENITHBANK                       47,765,889.00                 997,180,159.35 21.00
GUARANTY                       36,401,385.00              1,340,351,751.95 36.00
DANGCEM                       25,293,385.00              5,317,739,212.70 228.00
STANBIC                       19,862,143.00                 953,075,582.85 48.00
UBA                       19,705,353.00                 159,120,409.20 8.00
TRANSCORP                       15,635,107.00                   19,538,511.10 1.26

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
DANGCEM                       25,293,385.00              5,317,739,212.70 228.00
GUARANTY                       36,401,385.00              1,340,351,751.95 36.00
ZENITHBANK                       47,765,889.00                 997,180,159.35 21.00
STANBIC                       19,862,143.00                 953,075,582.85 48.00
UNILEVER                         4,104,697.00                 205,123,901.05 50.00
UBA                       19,705,353.00                 159,120,409.20 8.00
DIAMONDBNK                     102,820,093.00                 124,453,892.48 1.23

 

 

 

 

 

 

 

 

 

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