Financial and Oil & Gas Sectors Down Index as Negative Sentiment Persist

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The Nigerian Local Market closed the trading activities for today (Wednesday) same as the previous day, thereby stretching the negative sentiment to three consecutive days. The decline in the Index was buoyed by investors’ sell-off sentiment, particularly in the Financial and the Oil & Gas sectors, as market capitalization recedes to 19 trillion. Hence, the year-to-date (YTD) slipped to -6.12%. Resultantly, the market indicators (NGX-ASI and capitalization) declined by 0.11%. Furthermore, the market breadth closed negatively, recording 23 losers as against 11 gainers.

Nigerian Stock Exchange 2

NSE Trading Floor

In summary, the All-Share Index (ASI) dipped by 42.61 absolute points, representing a decline of 0.11% to close at 37,804.46 points. Similarly, the overall Market Capitalization value lost N22.21 billion, representing a decrease of 0.11% to close at N19.70 trillion.

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

Today’s market downturn was driven by price depreciation in large and medium capitalized stocks amongst which are; JAPAULGOLD(-9.80%), UPL(-9.52%), REGALINS(-5.77%), MANSARD(-3.33%) ACCESS(-2.34%), ETI(-1.94%), FCMB(-1.90%), AIICO(-1.82%), OANDO(-1.36%), ZENITHBANK(-1.26%), STERLNBANK(-1.24%), TRANSCORP(-1.11%), FBNH(-0.70%), and UACN(-0.05%).

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MARKET STATISTICS

CAP N19,703,041,158,420.64 One Day (ASI CHG) -0.11%
Index 37,804.46 One Week (ASI CHG) -1.97%
Volume 208,356,245 One Month (ASI CHG) -1.36%
Value N1,602,520,410.91 Six Months (ASI CHG) -2.58%
Deals 3,365 52 Weeks (ASI CHG) +52.74%
Gainers 11 Losers 23
Unchanged 65 Total 99
YTD Returns -6.12%

Source: Ngxgroup.com, GTI Research 

Sector Performance

Security Change Percent
NSE30 -0.14
NSEBNK -0.75
NSECNSMRGDS 0.16
NSEINDUSTR 0.00
NSEINS -0.51
NSELOTUSISLM 0.02
NSEOILGAS -0.10

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
FTNCOCOA 0.30 0.30 0.33 0.03 10.00
IKEJAHOTEL 0.91 0.91 1.00 0.09 9.89
CORNERST 0.51 0.51 0.56 0.05 9.80
LINKASSURE 0.55 0.55 0.60 0.05 9.09
MBENEFIT 0.38 0.38 0.40 0.02 5.26
VITAFOAM 13.60 13.60 14.25 0.65 4.78
VERITASKAP 0.24 0.24 0.25 0.01 4.17

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
ROYALEX 0.70 0.70 0.63 -0.07 -10.00
JAPAULGOLD 0.51 0.51 0.46 -0.05 -9.80
UPL 1.68 1.68 1.52 -0.16 -9.52
CHIPLC 0.64 0.64 0.58 -0.06 -9.38
ETRANZACT 2.25 2.25 2.06 -0.19 -8.44
REGALINS 0.52 0.52 0.49 -0.03 -5.77
JAIZBANK 0.60 0.60 0.57 -0.03 -5.00

Top 7 Traders By Volume

Security  Daily Volume   Daily Value  Close Price
ZENITHBANK      33,681,963.00      795,026,910.10 23.50
ETRANZACT      20,950,266.00        43,157,547.96 2.06
FIDELITYBK      13,679,744.00        31,382,887.41 2.30
ROYALEX      13,116,970.00           8,278,285.20 0.63
JAPAULGOLD      13,002,096.00           6,126,016.25 0.46
TRANSCORP      12,100,557.00        10,542,362.48 0.89
FBNH        9,885,269.00        70,622,596.85 7.10

Top 7 Traders By Value

Security  Daily Volume   Daily Value  Close Price
ZENITHBANK      33,681,963.00      795,026,910.10 23.50
FLOURMILL        3,564,209.00      106,160,634.65 29.80
ACCESS        8,845,135.00        75,140,312.05 8.35
FBNH        9,885,269.00        70,622,596.85 7.10
MTNN            318,338.00        52,324,364.70 165.00
VITAFOAM        3,398,468.00        48,246,900.40 14.25
JBERGER        2,420,749.00        47,910,770.40 20.00

 

MONEY MARKET

The overnight (O/N) rate closed at 21.00%, representing 1.75% appreciation against Tuesday’s position. while Open Buy-Back (OBB) rate closed at 20.00%, representing 1.25% appreciation against Tuesday’s position.obb

 

 

FOREIGN EXCHANGE

The Investors and Exporters (I&E) FX window opened at N410.95, traded high at N420.88, traded low at N387.67, and eventually closed at N411.50 depreciating by 0.37% against Tuesday’s closing position. However, the naira remain unchanged at the parallel market.fx

 

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FOREIGN RESERVE

Nigeria’s foreign reserve declined by $36.34 million to $33.63 billion on (22/06/2021) from $33.67 billion on (21/06/2021), representing a 0.0.11% decline.

 

CRUDE OIL

The Brent Crude appreciated by $1.69 on Wednesday to $75.77 from $74.08 it closed with on Tuesday, representing a 2.28% increase in price. Similarly, Bonny Light increased by $0.54 on Tuesday to $74.26 from $73.72 on Monday, representing a 0.73% increase in priceoilprice

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