Equity Market halts Positive Momentum

158 Views

The equity market today shed 0.14%, halting prior positive momentum of two trading sessions. This was driven by sell off in some insurance, banking and consumer goods stocks. However, market breadth closed positive, recording 21 gainers and 15 losers.

NSE Trading Floor

The All Share Index (ASI) lost 45.40 absolute points, representing a dip of 0.14%, to close at 32,568.66 points. Similarly, Market Capitalization declined by N16.93 billion representing a dip of 0.14%, to close at N12.15 trillion.

IKEJAHOTEL emerged the top gainer while LINKASSURE emerged  as the top loser.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; INTBREW (-9.48%), UCAP (-5.76%), DANGFLOUR (-2.51%), UACN (-2.22%), ZENITHBANK (-1.94%), and FLOURMILL (-0.24%), 

Click here for more on NSE Daily Price List

 

 

MARKET STATISTICS

CAP N12,145,358,725,079.98 One Day (ASI CHG) -0.14
Index 32,568.65 One Week (ASI CHG) +0.35
Volume 220,609,260 One Month (ASI CHG) +5.97
Value N2,240,819,545.47 Six Months (ASI CHG) -6.04
Deals 4,327 52 Weeks (ASI CHG) -22.75
Gainers 21 Losers 15
Unchanged 71 Total 107
  YTD Returns +3.62  

 

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the inter-bank rate   remain unchanged to closed at N306.80 against yesterday’s closing price.

The Investors and Exporters (I&E) FX window opened at N361.83, traded high at N363.25 and eventually closed at N361.48, representing a 0.15% appreciation against yesterday’s closing price. A total of $545.06 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 14.58%, representing a 0.92% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate also closed at 13.67%, representing a 1.33% depreciation against yesterday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 851.12 851.19 +0.07 bps
T.Bills 578.64 575.81 -2.83 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

Sector Performance     

Sector %    Change
NSE30 -0.21
BANKING -0.27
CONSUMER GOODS -0.85
INDUSTRIAL 0.16
INSURANCE -0.98
LOTUS ISLAMIC 0.09
OIL/GAS 0.49

Top 7 Gainers        

Company Pclose Open Close Change % Change
IKEJAHOTEL 1.81 1.81 1.99 0.18 9.94
ABCTRANS 0.48 0.48 0.52 0.04 8.33
UAC-PROP 1.68 1.68 1.82 0.14 8.33
FIRSTALUM 0.29 0.29 0.31 0.02 6.90
MCNICHOLS 0.44 0.44 0.47 0.03 6.82
HONYFLOUR 1.30 1.30 1.38 0.08 6.15
FIDSON 4.70 4.70 4.95 0.25 5.32

Top 7 Losers   

Company Pclose Open Close Change % Change
LINKASSURE 0.70 0.70 0.63 -0.07 -10.00
INTBREW 29.00 29.00 26.25 -2.75 -9.48
NEIMETH 0.70 0.70 0.64 -0.06 -8.57
MBENEFIT 0.27 0.27 0.25 -0.02 -7.41
LASACO 0.33 0.33 0.31 -0.02 -6.06
UCAP 3.47 3.47 3.27 -0.20 -5.76
REGALINS 0.25 0.25 0.24 -0.01 -4.00

     

Top 7 Traders By Volume    

Company Volume Value(₦) Current Price
TRANSCORP                            24,733,171                        36,160,708 1.50
FCMB                            19,223,518                        43,890,323 2.28
GUARANTY                            16,525,237                      630,229,524 38.00
ZENITHBANK                            15,665,985                      402,205,979 25.30
ACCESS                            14,268,367                        91,013,549 6.40
CORNERST                            13,131,347                          2,757,383 0.21
UCAP                            10,808,217                        36,129,303 3.27

Top 7 Traders By Value    

Company Volume Value(₦) Current Price
GUARANTY                            16,525,237                 630,229,524.40 38.00
ZENITHBANK                            15,665,985                 402,205,978.90 25.30
NESTLE                                 121,518                 192,144,232.50 1580.00
STANBIC                              1,952,024                   95,132,195.10 48.50
ACCESS                            14,268,367                   91,013,548.85 6.40
FBNH                            10,068,776                   84,120,212.50 8.30
UBA                            10,288,044                   83,418,055.35 8.00

GTI

GTI is a leading Nigerian Investment Banking group with proven expertise in Financial advisory, Securities Dealing (Fixed Income and Equities), Asset management and Deal Origination. We have strong capacity in financial service delivery.

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *