Equity market sustains negative sentiment as NSE-ASI decline 1.17%

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Transaction activities on the Nigeria equity market sustained the previous day’s negative sentiment, as the market performance indicators shed 1.17% on Friday. The decline was impacted by price depreciation on Buacement, Dangcem, and 16 others. However, the market breadth closed positively, recording 22 gainers as against 18 losers.

 

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 295.75 absolute points, representing a decline of 1.17% to close at 25,016.30 points. Similarly, the overall Market Capitalization size lost N154.28 million, representing a decrease of 1.17% to close at N13.05 trillion.

BOCGAS emerged as the top gainer while CADBURY emerged as the top loser.

The downtrend was impacted by losses recorded in large and medium capitalized stocks, amongst which are; BUACEMENT (-5.44%), NB (-4.55%), WEMABANK (-3.33%), GUARANTY (-2.45%), DANGCEM (-2.04%), FBNH (-1.82%), INTBREW (-1.05%),  and DANGSUGAR (-0.33%).

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MARKET STATISTICS

CAP N13,049,978,892,845.58 One Day (ASI CHG) -1.17%
Index 25,016.30 One Week (ASI CHG) -1.00%
Volume 214,499,976 One Month (ASI CHG) +5.07%
Value N2,514,925,230.58 Six Months (ASI CHG) -7.05%
Deals 4,342 52 Weeks (ASI CHG) -19.12%
Gainers 22 Losers 18
Unchanged 56 Total 96
-6.80%

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 N387.75, traded high at N391.25 and eventually closed at N386.50, representing 0.05% appreciation as against yesterday’s closing position. A total of $85.00 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 16.70%, representing a 14.20% appreciation as against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 15.60%, representing a 13.70% appreciation as against yesterday’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 494.93 489.69 -5.24 bps
T.Bills 223.77 222.65 -1.12 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

The NASD OTC market on Friday closed negatively to reverse yesterday’s positive sentiment as the Unlisted Securities Index (USI) decline by 0.39% closed at 692.38,  as against yesterday’s closing position. Similarly, Market Capitalization lost N2.00 billion closed at N508.6 billion. However, the aggregate volume and value grew by 269.35% and 1,659.14% respectively, as investors traded a total of 331,850 shares, worth N82.27 million in 6 deal.

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Sector Performance

Sector %    Change
NSE30 -1.28
BANKING -0.28
CONSUMER GOODS -1.23
INDUSTRIAL -3.91
INSURANCE 0.06
LOTUS ISLAMIC -1.96
OIL/GAS -0.24

Top 7 Gainers

Company Pclose Open Close Change % Change
BOCGAS 4.00 4.00 4.40 0.40 10.00
NEIMETH 1.61 1.61 1.77 0.16 9.94
LEARNAFRCA 1.13 1.13 1.24 0.11 9.73
SKYAVN 2.49 2.49 2.73 0.24 9.64
PRESTIGE 0.54 0.54 0.59 0.05 9.26
UAC-PROP 0.88 0.88 0.96 0.08 9.09
LASACO 0.25 0.25 0.27 0.02 8.00

Top 7 Losers

Company Pclose Open Close Change % Change
CADBURY 8.45 8.45 7.65 -0.80 -9.47
WAPIC 0.33 0.33 0.30 -0.03 -9.09
VITAFOAM 5.89 5.89 5.40 -0.49 -8.32
CHAMS 0.29 0.29 0.27 -0.02 -6.90
BUACEMENT 42.30 42.30 40.00 -2.30 -5.44
NB 44.00 44.00 42.00 -2.00 -4.55
REDSTAREX 3.99 3.99 3.81 -0.18 -4.51

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
ZENITHBANK                             22,274,394                       373,318,936 16.75
FIDELITYBK                             18,543,510                         33,477,623 1.81
GUARANTY                             17,159,771                       412,261,282 23.90
NB                             15,559,427                       666,577,403 42.00
FBNH                             15,549,411                         83,750,363 5.40
WAPIC                             12,972,910                           4,107,074 0.30
SKYAVN                             10,005,000                         27,313,650 2.73

Top 7 Traders By Value

Company Volume Value(₦) Current Price
NB                             15,559,427                  666,577,402.50 42.00
GUARANTY                             17,159,771                  412,261,281.80 23.90
DANGCEM                               2,712,210                  375,938,018.10 139.00
ZENITHBANK                             22,274,394                  373,318,935.90 16.75
FBNH                             15,549,411                    83,750,362.90 5.40
ACCESS                               8,702,202                    58,659,377.90 6.65
UBA                               7,942,978                    52,130,740.60 6.65

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