Equity Market YTD Index turns negative after five consecutive bearish trading sessions

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The equity market today shed 1.02%, extending losses to five consecutive trading sessions.Consequently, the declining All Share YTD Index  slid to a negative territory, five weeks after initial uptick. The decline was driven by losses experienced in all but the Oil and Gas sector. Market breadth closed negative, recording 8 gainers and 29 losers.

NSE Trading Floor

The All Share Index (ASI) declined by 323.30 absolute points, representing a decrease of 1.02%, to close at 31,313.36 points. Similarly, Market Capitalization shed N120.56billion representing a dip of 1.02%, to close at N11.68trillion.

LAWUNION emerged the top gainer while INTBREW emerged as the top loser.

The downtrend was impacted by losses recorded in medium and large capitalized stocks, amongst which are; INTBREW (-9.93%), PZ (-5.58%), GUARANTY (-4.83%), NASCON (-4.61%), FCMB (-3.85%), DANGSUGAR (-3.78%), MOBIL (-3.00%), DANGFLOUR (-2.91%),  FIDELITYBK(-1.32%), ZENITHBANK (-0.88%), and ACCESS (-0.83%).

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MARKET STATISTICS

CAP N11,677,236,637,982.03 One Day (ASI CHG) -1.02
Index 31,313.36 One Week (ASI CHG) -2.67
Volume 219,369,104 One Month (ASI CHG) -3.54
Value N2,927,336,775.64 Six Months (ASI CHG) -3.03
Deals 3,345 52 Weeks (ASI CHG) -27.27
Gainers 8 Losers 29
Unchanged 64 Total 101
  YTD Returns -0.37  

 

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the inter-bank rate closed unchanged at N306.95 against yesterdays closing position.

The Investors and Exporters (I&E) FX window opened at N360.60, traded high at N363.00 and eventually closed at N360.44, representing a 0.04% depreciation against yesterdays closing position. A total of $510.65 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 10.33%, representing a 1.25% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate also closed at 9.67%, representing a 1.17% depreciation against yesterday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 913.12 900.15 -12.97 bps
T.Bills 579.92 579.14 -0.78 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

Sector Performance       

Sector %    Change
NSE30 -1.08
BANKING -2.26
CONSUMER GOODS -1.30
INDUSTRIAL +0.24
INSURANCE -0.51
LOTUS ISLAMIC -0.73
OIL/GAS -0.37

    

Top 7 Gainers        

COMPANY PCLOSE OPEN CLOSE CHANGE %CHANGE
LAWUNION 0.52 0.52 0.56 0.04 7.69
UAC-PROP 1.82 1.82 1.95 0.13 7.14
UCAP 3.15 3.15 3.28 0.13 4.13
WAPCO 12.50 12.50 13.00 0.5 4.00
AIICO 0.71 0.71 0.73 0.02 2.82
AFRIPRUD 4.80 4.80 4.92 0.12 2.50
UBN 6.90 6.90 7.00 0.1 1.45

Top 7 Losers       

COMPANY PCLOSE OPEN CLOSE CHANGE %CHANGE
INTBREW 26.70 26.70 24.05 -2.65 -9.93
AGLEVENT 0.34 0.34 0.31 -0.03 -8.82
JAIZBANK 0.58 0.58 0.53 -0.05 -8.62
LINKASSURE 0.63 0.63 0.58 -0.05 -7.94
UNITYBNK 0.90 0.90 0.83 -0.07 -7.78
WEMABANK 0.86 0.86 0.80 -0.06 -6.98
UNIONDAC 0.30 0.30 0.28 -0.02 -6.67

Top 7 Traders By Volume     

COMPANY PCLOSE  VOLUME   VALUE 
FBNH 8.20         60,138,964      493,118,625.05
ZENITHBANK 22.75         46,460,559   1,050,982,120.05
DIAMONDBNK 2.46         14,466,731        35,315,323.28
ACCESS 6.05         11,451,446        68,458,988.15
UBA 7.60           8,529,931        64,656,863.45
JAPAULOIL 0.20           8,148,208           1,631,641.60
FCMB 2.08           7,541,697        15,407,246.32

Top 7 Traders By Value        

COMPANY PCLOSE  VOLUME   VALUE 
ZENITHBANK 22.75         46,460,559   1,050,982,120.05
FBNH 8.20         60,138,964      493,118,625.05
DANGCEM 195.00           2,243,934      437,384,468.00
NESTLE 1480.00              137,657      203,768,952.80
GUARANTY 37.30           4,865,185      173,871,541.05
NB 75.00           2,030,644      152,804,712.70
ACCESS 6.05         11,451,446        68,458,988.15

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