Equity Market recedes further, sheds 1.89% as profit-taking ensues

171 Views

The equity market performance index (NSE-ASI) shed 1.89% to continue its downward trend since the week began. This was driven by profit-taking in-view of the upcoming 2019 elections slated to hold on February 16th, 2019, causing all sub-indices to record negative performances. The market breadth closed negative, recording 32 gainers and 10 losers.

NSE Trading Floor

The All Share Index (ASI) dropped 588.14 absolute points to represent a decline of 1.89%, and close at 30,557.20 points. Similarly, Market Capitalization decreased by N219.32 billion representing a decline of 1.89%, to close at N11.39 trillion.

MCNICHOLS & SUNUASSUR emerged the top gainers while REDSTAREX emerged  as the top loser.

The downtrend was impacted by losses recorded in medium and large capitalized stocks, amongst which are; HONTFLOUR (-7.69%), ETI (-6.67%), NB (-5.13%), ACESS (-4.17%), STANBIC(-3.83%), FLOURMILL (-2.37%), DIAMONDBNK (-2.17%), ZENITHBANK (-2.17%), DANGCEM (-2.06%), GUARANTY (-1.62%), UCAP (-1.55%), FBNH (-1.35%)  and DANSUGAR (-0.71%).

Click here for more on NSE Daily Price List

 

 

MARKET STATISTICS

CAP N11,394,932,844,444.03 One Day (ASI CHG) -1.89
Index 30,557.20 One Week (ASI CHG) -1.40
Volume 349,307,090 One Month (ASI CHG) -2.78
Value N3,491,694,362.43 Six Months (ASI CHG) -17.45
Deals 4,228 52 Weeks (ASI CHG) -31.09
Gainers 10 Losers 32
Unchanged 61 Total 103
  YTD Returns -2.78  

 

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the inter-bank rate  remained unchanged to closed at N306.75 against yesterday’s closing price.

The Investors and Exporters (I&E) FX window closed at N363.03, representing a 0.08% appreciation against yesterday’s closing price. A total of $160.08 million was transacted through the I&E window today.

Source: FMDQ, GTI Research 

 

Sector Performance

Sector %    Change
NSE30 -2.01
BANKING -2.54
CONSUMER GOODS -1.71
INDUSTRIAL -0.97
INSURANCE -1.43
LOTUS ISLAMIC -1.02
OIL/GAS -0.39

Top 7 Gainers

Company Pclose Open Close Change % Change
MCNICHOLS 0.3 0.3 0.33 0.03 10.00
SUNUASSUR 0.2 0.2 0.22 0.02 10.00
LEARNAFRCA 1.26 1.26 1.37 0.11 8.73
VITAFOAM 4.5 4.5 4.8 0.30 6.67
WEMABANK 0.62 0.62 0.65 0.03 4.84
NEIMETH 0.64 0.64 0.66 0.02 3.13
STERLNBANK 2.35 2.35 2.39 0.04 1.70

Top 7 Losers

Company Pclose Open Close Change % Change
REDSTAREX 5.5 5.5 5 -0.50 -9.09
FIRSTALUM 0.35 0.35 0.32 -0.03 -8.57
NIGERINS 0.24 0.24 0.22 -0.02 -8.33
HONYFLOUR 1.30 1.30 1.20 -0.10 -7.69
JBERGER 28 28 26 -2.00 -7.14
PZ 12.15 12.15 11.3 -0.85 -7.00
WAPIC 0.43 0.43 0.4 -0.03 -6.98

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
UBA                     123,709,455.00                 859,280,146.70 6.80
TRANSCORP                       33,207,720.00                   41,517,572.02 1.25
CUSTODIAN                       32,907,141.00                 204,029,642.50 6.20
ZENITHBANK                       27,599,931.00                 633,293,104.75 22.50
FBNH                       19,825,421.00                 145,799,831.95 7.30
FIDELITYBK                       16,954,129.00                   38,402,852.22 2.20
ACCESS                       11,220,964.00                   65,910,749.25 5.75

Top 7 Traders By Value

Company Volume Value(₦) Current Price
UBA                     123,709,455.00                 859,280,146.70 6.80
ZENITHBANK                       27,599,931.00                 633,293,104.75 22.50
NB                         7,689,072.00                 590,201,895.65 74.00
GUARANTY                         7,248,511.00                 242,587,289.65 33.45
CUSTODIAN                       32,907,141.00                 204,029,642.50 6.20
ETI                       10,878,690.00                 152,242,477.75 14.00
FBNH                       19,825,421.00                 145,799,831.95 7.30

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 *