Financial sector extends local bourse decline, plunge 0.92%

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Transactions on the Nigeria Local Bourse today (Wednesday) closed in the negative region to extend the previous day’s bearish sentiment, as NGX-ASI shed 0.92%. The price depreciation was sustained by sell-off in four major market sectors, led by stocks in the banking sector. Accordingly, the market breadth closed negatively, recording 22 losers and 16 gainers.

Nigerian Stock Exchange 2

NSE Trading Floor

In summary, the All-Share Index (ASI) declined by 367.97 absolute points, representing a dip of 0.92% to close at 39,433.81 points. While the overall Market Capitalization value lost N192.67 billion, representing a decrease of 0.93% to close at N20.64 trillion. The discrepancy between the ASI and Market Capitalization was a result of price adjustment of MTNN and SEPLAT shares.

LASACO emerged as the top gainer (by percentage points) for today, with a maximum price appreciation of 9.62%, while STANBIC emerged as the top loser (by percentage points) with a maximum price depreciation of -10.00%.

Today’s market loss was driven by price depreciation in large and medium capitalized stocks amongst which are; STANBIC(-10.00%), UNILEVER(-8.21%), COURTEVILLE(-8.00%), INTBREW(-7.02%), VERITASKAP(-4.76%), AIICO(-3.91%), PZ(-3.77%), GUARANTY(-3.65%), NPFMCRFBK(-3.50%), ZENITHBANK(-3.180%), UAC-PROP(-2.56%), FTNCOCOA(-2.50%), GLAXOSMITH(-2.34%), JBERGER(-2.33%), OANDO(-1.96%), UCAP(-1.72%), JAPAULGOLD(-1.69%), WEMABANK(-1.64%), NEM(-1.48%), FBNH(-1.35%), and  FIDELITYBK(-0.44%).

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MARKET STATISTICS

CAP N20,637,467,686,883.86 One Day (ASI CHG) -0.92%
Index 39,433.81 One Week (ASI CHG) +1.68%
Volume 349,558,809 One Month (ASI CHG) +1.33%
Value N3,501,054,326.00 Six Months (ASI CHG) +28.29%
Deals 4,554 52 Weeks (ASI CHG) +65.62%
Gainers 16 Losers 22
Unchanged 67 Total 105
YTD Returns -2.08%

Source: Ngxgroup.com, GTI Research 

 

 

FMDQ ABOUT

FOREIGN EXCHANGE

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

The Investors and Exporters (I&E) FX window opened at N410.25 traded high at N422.00 , and low at N395.00 and eventually closed at N410.50,  representing a 0.12% appreciation against Tuesday’s position. Also, a total of $42.59 million was transacted through the I&E window today.

MONEY MARKET

Overnight (O/N) rate closed at 15.50%, remain unchanged against Tuesday’s position, while Open Buy-Back (OBB) rate closed at 15.00%,  representing a 0.50% appreciation as against Tuesday’s position.

Sector Performance

Security % Change 
NSE30 -1.10
NSEBNK -1.69
NSECNSMRGDS -0.52
NSEINDUSTR 0.29
NSEINS -0.05
NSELOTUSISLM -0.65
NSEOILGAS -0.15

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
LASACO 1.56 1.56 1.71 0.15 9.62
LINKASSURE 0.53 0.53 0.58 0.05 9.43
CAVERTON 1.76 1.76 1.92 0.16 9.09
STERLNBANK 1.48 1.48 1.6 0.12 8.11
REGALINS 0.3 0.3 0.32 0.02 6.67
GUINNESS 27.1 27.1 28.7 1.6 5.90
ROYALEX 0.57 0.57 0.6 0.03 5.26

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
STANBIC 50 50 45 -5.00 -10.00
CWG 2.29 2.29 2.07 -0.22 -9.61
UNILEVER 13.4 13.4 12.3 -1.10 -8.21
COURTVILLE 0.25 0.25 0.23 -0.02 -8.00
INTBREW 5.7 5.7 5.3 -0.40 -7.02
VERITASKAP 0.21 0.21 0.2 -0.01 -4.76
AIICO 1.28 1.28 1.23 -0.05 -3.91

Top 7 Traders By Volume

Security Daily Volume Daily Value Close Price
FBNH            71,284,716    523,783,677.65 7.30
ACCESS            40,878,905    309,952,391.45 7.70
EKOCORP            40,000,000    235,999,882.00 5.90
ZENITHBANK            25,025,933    544,351,648.05 21.30
UBA            18,047,166    130,312,910.50 7.20
GUARANTY            15,949,489    464,675,074.15 29.00
JAIZBANK            15,137,688         9,084,146.47 0.60

Top 7 Traders By Value

Security Daily Volume Daily Value Close Price
ZENITHBANK            25,025,933    544,351,648.05 21.3
FBNH            71,284,716    523,783,677.65 7.30
GUARANTY            15,949,489    464,675,074.15 29.00
ACCESS            40,878,905    309,952,391.45 7.70
MTNN               1,593,262    265,530,281.40 169.90
EKOCORP            40,000,000    235,999,882.00 5.90
BUACEMENT               2,791,029    195,790,684.35 77.90

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