Equity market records first loss in May
Activities in the Nigerian Stock Exchange (NSE) today recorded its first decline in the month of May, following two successive gains in the past week. The decline was impacted by blue-chip stocks as few stocks witnessed price changes today. Market breadth closed at par recording 14 gainers and 14 losers.
NSE Trading Floor
The All Share Index (ASI) lost 15.13 absolute points, representing a decline of 0.05% to close at 29,196.87 points. Similarly, Market Capitalization decreased by N5.69 billion representing a dip of 0.05% to close at N10.97 trillion.
NEM emerged the top gainer while UAC-PROP emerged as top loser.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; CCNN (-3.47%), FCMB (-2.56%), WEMABANK (-1.35%), GUARANTY (-1.35%), ZENITHBANK (-0.48%), and DANGSUGAR (-0.36%).
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MARKET STATISTICS
| CAP | N10,973,373,802,287.88 | One Day (ASI CHG) | -0.05% |
| Index | 29,196.87 | One Week (ASI CHG) | -1.10% |
| Volume | 271,075,938 | One Month (ASI CHG) | -1.42% |
| Value | N1,389,558,531.41 | Six Months (ASI CHG) | -9.20% |
| Deals | 3,814 | 52 Weeks (ASI CHG) | -29.17% |
| Gainers | 14 | Losers | 14 |
| Unchanged | 88 | Total | 116 |
| YTD Returns | -7.11% |
Source: NSE, GTI Research
FOREIGN EXCHANGE
The Naira exchange rate at the official window remained unchanged at N306.95/$1 against Friday’s position.
The Investors and Exporters (I&E) FX window opened at N360.50, traded high at N362.00 and eventually closed at N361.24, representing a 0.16% depreciation against Friday’s closing position. A total of $161.12 million was transacted through the I&E window today.
MONEY MARKET
Overnight(O/N) rate closed at 12.07%, representing a 6.14% appreciation against Friday’s closing position, while Open Buy-Back (OBB) rate closed at 11.36%, representing a 6.07% appreciation against Friday’s closing position.
| FIXED INCOME | |||
| Securities | P. Close | Close | Change |
| Bond | 987.77 | 980.95 | -6.82 bps |
| T.Bills | 525.10 | 521.73 | -3.37 bps |
| Note: BPS=> Basis Points |
Source: FMDQ, GTI Research
NASD OTC MARKET
Activities in the NASD market closed bullishly after today’s trading activities as the Unlisted Securities Index (USI) rose by 1.44% to close at 767.96 points. Market Capitalization also grew by N7.83 billion to settle at N551.73 billion. Consequently, market activities measured by aggregate volume and value increased by 676.12% and 594.79% respectively. Investors traded a total of 107,260 units of shares valued at N15.73million in 13 deals.
Five securities were traded on the OTC Platform today and they include SDCSCSPLC, SDFCWAMCO, SDMIXREAL, SDNDEP and SDNIPCOPLC
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Sector Performance
| Sector | % Change |
| NSE30 | -0.07 |
| BANKING | -0.68 |
| CONSUMER GOODS | 0.10 |
| INDUSTRIAL | -0.53 |
| INSURANCE | 2.58 |
| LOTUS ISLAMIC | -0.18 |
| OIL/GAS | -0.15 |
Top 7 Gainers
| Company | Pclose | Open | Close | Change | % Change |
| NEM | 2.21 | 2.21 | 2.43 | 0.22 | 9.95 |
| COURTVILLE | 0.22 | 0.24 | 0.24 | 0.02 | 9.09 |
| CHAMS | 0.45 | 0.45 | 0.49 | 0.04 | 8.89 |
| REGALINS | 0.23 | 0.23 | 0.25 | 0.02 | 8.70 |
| SOVRENINS | 0.23 | 0.23 | 0.25 | 0.02 | 8.70 |
| WAPIC | 0.37 | 0.37 | 0.39 | 0.02 | 5.41 |
| UNIONDAC | 0.24 | 0.24 | 0.25 | 0.01 | 4.17 |
Top 7 Losers
| Company | Pclose | Open | Close | Change | % Change |
| UAC-PROP | 1.68 | 1.68 | 1.53 | -0.15 | -8.93 |
| IKEJAHOTEL | 1.75 | 1.75 | 1.60 | -0.15 | -8.57 |
| GOLDINSURE | 0.36 | 0.36 | 0.33 | -0.03 | -8.33 |
| JAPAULOIL | 0.39 | 0.42 | 0.36 | -0.03 | -7.69 |
| CCNN | 15.85 | 15.85 | 15.30 | -0.55 | -3.47 |
| FCMB | 1.95 | 1.95 | 1.90 | -0.05 | -2.56 |
| UBN | 7.10 | 7.10 | 7.00 | -0.10 | -1.41 |
Top 7 Traders By Volume
| Company | Volume | Value(₦) | Current Price |
| JAPAULOIL | 58,614,436 | 23,401,050 | 0.36 |
| UBA | 36,996,911 | 244,782,074 | 6.70 |
| COURTVILLE | 30,675,909 | 7,362,218 | 0.24 |
| ACCESS | 23,615,847 | 163,284,199 | 6.95 |
| TRANSCORP | 17,157,399 | 21,381,797 | 1.25 |
| JAIZBANK | 16,318,127 | 8,804,488 | 0.54 |
| ZENITHBANK | 10,485,910 | 219,136,122 | 20.90 |
Top 7 Traders By Value
| Company | Volume | Value(₦) | Current Price |
| UBA | 36,996,911 | 244,782,073.95 | 6.70 |
| ZENITHBANK | 10,485,910 | 219,136,121.90 | 20.90 |
| GUARANTY | 5,149,103 | 170,189,461.25 | 33.00 |
| ACCESS | 23,615,847 | 163,284,199.10 | 6.95 |
| DANGFLOUR | 7,208,984 | 126,195,339.95 | 17.75 |
| MOBIL | 350,589 | 60,983,633.50 | 175.00 |
| ETI | 5,624,639 | 56,255,296.00 | 10.00 |
