Equity Market shed 0.17%, as Inflation Surges Further

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The Nigerian Equity Market closed Transaction for today (Thursday) on a negative note, as the NGX-ASI and Market Capitalization declined by 0.17%. The decline in the equity market came after the yield of 364-days treasury bills rose to about 9%, as inflation also surges to 18.17%. Furthermore, the market breadth closed negatively, recording 16 gainers and 27 losers.

Nigerian Stock Exchange 2

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 64.26 absolute points, representing a decline of 0.17% to close at 38,571.89 points. While the overall Market Capitalization value lost N33.63 billion, representing a drop of 0.17% to close at N20.19 trillion.

GUINNESS emerged as the top gainer (by percentage points) for today, with a price appreciation of +10.00%, while UAC-PROP emerged as the top loser (by percentage points) with a maximum price depreciation of -10.00%.

Today’s market lost was driven by price depreciation in large and medium capitalized stocks amongst which are; PZ(-9.78%), NNFM(-9.26%), MANSARD(-7.45%), UBN(-7.14%), WEMABANK(-6.67%), UNILEVER(-5.64%), CUSTODIAN(-4.17%), WAPCO(-3.11%), JAPAULGOLD(-2.78%), UBA(-2.16%), VITAFOAM(-1.79%), TRANSCORP(-1.25%), ZENITHBANK(-0.91%), and GUARANTY(-0.17%),

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MARKET STATISTICS

CAP N 20,186,460,649,292.57 One Day (ASI CHG) -0.17%
Index 38,571.89 One Week (ASI CHG) -0.59%
Volume 319,432,480 One Month (ASI CHG) +0.03%
Value N1,775,524,738.07 Six Months (ASI CHG) +36.08%
Deals 4,158 52 Weeks (ASI CHG) +71.13%
Gainers 16 Losers 27
Unchanged 55 Total 98
YTD Returns -4.22%

Source: Ngxgroup.com, GTI Research 

 

 

FMDQ ABOUT

FOREIGN EXCHANGE

The Naira at the official rate remains unchanged to close at N379.00/$1 as against Wednesday’s position.

The Investors and Exporters (I&E) FX window opened at N410.50 traded high at N422.00 and eventually closed at N410.50, which remained unchanged against yesterday’s position. Also, a total of $21.92 million was transacted through the I&E window today.

MONEY MARKET

Overnight (O/N) rate closed at 15.00%, representing a 2.75% appreciation against yesterday’s position, while Open Buy-Back (OBB) rate closed at 14.50%,  representing a 2.50% appreciation as against yesterday’s position.

 

Sector Performance

                     Security          Change Percent
NSE30 -0.2
NSEBNK -0.97
NSECNSMRGDS 0.12
NSEINDUSTR -0.18
NSEINS -2.75
NSELOTUSISLM -0.04
NSEOILGAS 0.09

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
GUINNESS 26.50 26.50 29.15 2.65 10.00
FTNCOCOA 0.43 0.43 0.47 0.04 9.30
MORISON 0.86 0.86 0.94 0.08 9.30
HONYFLOUR 1.09 1.09 1.19 0.10 9.17
LIVESTOCK 1.78 1.78 1.90 0.12 6.74
JAIZBANK 0.60 0.60 0.64 0.04 6.67
NAHCO 2.02 2.02 2.15 0.13 6.44

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
UAC-PROP 0.80 0.80 0.72 -0.08 -10.00
PZ 4.60 4.60 4.15 -0.45 -9.78
STUDPRESS 1.79 1.79 1.62 -0.17 -9.50
NNFM 5.40 5.40 4.90 -0.50 -9.26
CHAMS 0.22 0.22 0.20 -0.02 -9.09
SOVRENINS 0.25 0.25 0.23 -0.02 -8.00
REGALINS 0.26 0.26 0.24 -0.02 -7.69

Top 7 Traders By Volume

Security  Daily Volume   Daily Value  Close Price
FIDELITYBK    46,707,113.00    113,508,999.09 2.47
ACCESS    36,886,819.00    297,709,095.95 8.10
MBENEFIT    27,691,862.00      10,168,285.72 0.37
FBNH    26,096,093.00    197,699,053.40 7.60
MANSARD    18,698,059.00      16,633,851.05 0.87
UBA    12,936,744.00      89,186,620.70 6.80
UACN    12,810,129.00    122,959,083.50 9.60

Top 7 Traders By Value

Security  Daily Volume   Daily Value  Close Price
GUARANTY    12,248,410.00    352,444,052.05 28.75
ACCESS    36,886,819.00    297,709,095.95 8.10
FBNH    26,096,093.00    197,699,053.40 7.60
ZENITHBANK      5,723,884.00    124,783,298.20 21.80
UACN    12,810,129.00    122,959,083.50 9.60
FIDELITYBK    46,707,113.00    113,508,999.09 2.47
UBA    12,936,744.00      89,186,620.70 6.80

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