Equity market halts uptrend as investors drop 18 stocks

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The Nigerian stock market halted the six consecutive trading sessions as the market performance indicators decline by 0.22%, following price depreciation on ETI, UBA and 16 others. Conversely, the market breadth closed negatively, recording 19 gainers as against 18 losers.

 

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 55.22 absolute points, representing a decline of 0.22% to close at 25,166.01 points. Similarly, the overall Market Capitalization size lost N28.78 million, representing a dip of 0.22% to close at N13.12 trillion.

CUTIX emerged as the top gainer while ETI emerged as the top loser.

The downturn was impacted by losses recorded in large and medium capitalized stocks, amongst which are; ETI (-9.92%), UBA (-6.25%), FLOURMILL (-4.76%), FBNH (-3.51%), ACCESS (-3.40%), ZENITHBANK (-2.51%), GUARANTY (-1.81%),  and OKOMUOIL (-0.62%)

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MARKET STATISTICS

CAP N13,115,342,278,540.04 One Day (ASI CHG) -0.22%
Index 25,166.01 One Week (ASI CHG) +1.65%
Volume 348,211,275 One Month (ASI CHG) +10.73%
Value N3,432,845,369.94 Six Months (ASI CHG) -6.18%
Deals 7,148 52 Weeks (ASI CHG) -19.62%
Gainers 19 Losers 18
Unchanged 60 Total 97
-6.24%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Thursday closed unchanged at 361.00/$1, against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N387.60, traded high at N389.99 and eventually closed at N386.33, representing a 0.10% depreciation as against yesterday’s closing position. A total of $22.65 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 3.42%, representing a 12.18% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 2.67%, representing a 12.33% depreciation as against yesterday’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 478.24 480.72 +2.48 bps
T.Bills 243.63 242.48 -1.16 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

The NASD OTC market on Thursday closed positively to reverse previous day’s negative sentiment as the Unlisted Securities Index (USI) grew by 1.66% closed at 690.75,  as against yesterday’s closing position. Similarly, Market Capitalization gained N8.29 billion closed at N507.40 billion. The aggregate volume and value grew by 356,066.96%, and 16,914.10% respectively as investors traded a total of 170,069,725 shares, worth N2.33 million in 8 deal.

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Sector Performance

Sector %    Change
NSE30 -0.30
BANKING -2.79
CONSUMER GOODS -0.07
INDUSTRIAL 0.23
INSURANCE 1.16
LOTUS ISLAMIC 0.46
OIL/GAS -0.63

Top 7 Gainers

Company Pclose Open Close Change % Change
CUTIX 1.71 1.71 1.88 0.17 9.94
MAYBAKER 3.09 3.09 3.39 0.30 9.71
CHAMPION 0.83 0.83 0.91 0.08 9.64
UPL 1.04 1.04 1.14 0.10 9.62
NEIMETH 0.94 0.94 1.03 0.09 9.57
SKYAVN 1.59 1.59 1.74 0.15 9.43
JAIZBANK 0.69 0.69 0.75 0.06 8.70

Top 7 Losers

Company Pclose Open Close Change % Change
ETI 6.05 6.05 5.45 -0.60 -9.92
IKEJAHOTEL 1.26 1.26 1.15 -0.11 -8.73
UBA 7.20 7.20 6.75 -0.45 -6.25
OANDO 2.80 2.80 2.64 -0.16 -5.71
FIDELITYBK 2.00 2.00 1.89 -0.11 -5.50
NPFMCRFBK 1.86 1.86 1.76 -0.10 -5.38
FLOURMILL 21.00 21.00 20.00 -1.00 -4.76

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
FBNH                             47,387,175                       261,940,811 5.50
ACCESS                             36,868,911                       270,713,688 7.10
ZENITHBANK                             27,415,869                       478,132,114 17.45
UBA                             25,015,009                       174,401,494 6.75
GUARANTY                             23,490,434                       576,215,091 24.40
FIDELITYBK                             23,246,762                         43,911,816 1.89
LASACO                             14,462,695                           3,676,275 0.25

Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                             23,490,434                  576,215,090.80 24.40
ZENITHBANK                             27,415,869                  478,132,114.10 17.45
MTNN                               3,993,406                  474,317,108.90 116.00
ACCESS                             36,868,911                  270,713,688.30 7.10
FBNH                             47,387,175                  261,940,811.10 5.50
DANGCEM                               1,862,175                  258,861,288.50 138.50
GUINNESS                             10,551,915                  211,437,123.80 20.00

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