Equity market slumped further on heightened political risk

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The equity market performance index (NSE-ASI) shed 2.33% to extend downtrend to six consecutive trading days in the New Year as Election jitters continue to weigh on market performance. Industrial goods and Insurance sectors emerged top losers as market breadth closed negative, recording 14 gainers against 19 losers.

NSE Trading Floor

The All Share Index (ASI) shed 699.35 absolute points, representing a decrease of 2.33%, closing at 29336.80 points. Similarly, Market Capitalization shed N260.79 billion representing a dip of 2.33%, closing at N10.94 trillion.

JBERGER emerged the top gainer while UPL emerged the top loser.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; DANGCEM (-8.60%), ACCESS (-5.98%), HONYFLOUR (-4.39%), GUARANTY (-2.19%), WEMABANK (-1.69%), FBNH (-1.40%), DIAMONDBANK (-1.05%), DANGFLOUR (-0.88%)  and UBA (-1.59%).

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MARKET STATISTICS

CAP N10,939,958,267,409.23 One Day (ASI CHG) -2.33
Index 29,336.80 One Week (ASI CHG) -5.58
Volume 234,897,039 One Month (ASI CHG) -4.96
Value N2,245,499,815.38 Six Months (ASI CHG) -22.08
Deals 3,806 52 Weeks (ASI CHG) -27.32
Gainers 14 Losers 19
Unchanged 62 Total 95
  YTD Returns -6.66  

 

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the inter-bank rate remained unchanged at N306.90 against yesterday’s closing price

The Investors and Exporters (I&E) FX window opened at N365.30, traded high at N366.75 and eventually closed at N364.90, representing a 0.27% appreciation against yesterday’s closing price. A total of $292.45 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 27.67%, representing a 0.42% appreciation against Tuesday’s closing position, while Open Buy-Back (OBB) rate also closed at 26.67% representing a 1.67% appreciation against Tuesday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 848.85 844.84 4.01bps
T.Bills 556.55 555.27 -1.28 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

Sector Performance

Sector %    Change
NSE30 -1.65
BANKING -0.28
CONSUMER GOODS 0.74
INDUSTRIAL -4.35
INSURANCE -3.06
LOTUS ISLAMIC -1.94
OIL/GAS 0.15

Top 7 Gainers

Company Pclose Open Close Change % Change
JBERGER 23.5 23.5 25.85 2.35 10.00
UNILEVER 33.75 33.75 37 3.25 9.63
UCAP 2.62 2.62 2.8 0.18 6.87
FCMB 1.6 1.6 1.7 0.10 6.25
FIDELITYBK 1.8 1.8 1.9 0.10 5.56
FLOURMILL 18 18 18.85 0.85 4.72
JAIZBANK 0.51 0.51 0.53 0.02 3.92

Top 7 Losers

Company Pclose Open Close Change % Change
UPL 2.1 2.1 1.89 -0.21 -10.00
NEM 2.12 2.12 1.91 -0.21 -9.91
CHAMPION 1.72 1.72 1.55 -0.17 -9.88
ETERNA 4.35 4.35 3.95 -0.40 -9.20
NEIMETH 0.77 0.77 0.7 -0.07 -9.09
RESORTSAL 0.45 0.45 0.41 -0.04 -8.89
DANGCEM 186 186 170 -16.00 -8.60

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
DIAMONDBNK                       54,670,375.00                 103,944,247.76 1.88
GUARANTY                       27,682,062.00                 865,704,726.50 31.30
ZENITHBANK                       25,816,028.00                 526,337,861.40 21.00
FBNH                       21,520,752.00                 152,101,680.60 7.05
TRANSCORP                       15,480,048.00                   17,954,196.76 1.18
FCMB                         7,789,571.00                   12,564,501.98 1.70
ACCESS                         7,788,618.00                   43,780,456.15 5.50

Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                       27,682,062.00                 865,704,726.50 31.30
ZENITHBANK                       25,816,028.00                 526,337,861.40 21.00
FBNH                       21,520,752.00                 152,101,680.60 7.05
DIAMONDBNK                       54,670,375.00                 103,944,247.76 1.88
NESTLE                              66,176.00                   95,675,962.50 1450.00
UNILEVER                         2,417,070.00                   89,297,262.25 37.00
DANGCEM                            289,507.00                   49,720,502.80 170.00

GTI

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