Gains in ACCESS, WAPCO & UBA failed to lift Equity market as NGX-ASI sheds 0.19%

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Trading activities on Nigerian bourse began the week (Monday) on a negative note. Taking the trading losses to two consecutive trading sessions. The bearish performance was due to investors’ sell-offs on large and medium stocks like ZENITHBANK, FBNH and 16 others. Hence, the year-to-date (YTD) stood at -6.67%. As a result, the market indicators (NGX-ASI) shed by 0.19%. Furthermore, the market breadth closed negatively, recording 18 losers as against 13 gainers.

Nigerian Stock Exchange 2

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 73.01 absolute points, representing a dip of 0.19% to close at 37,585.25 points. Similarly, the overall Market Capitalization value lost N34.32 billion, representing a decline of 0.17% to close at N19.59 trillion. The discrepancy in the ASI and Market Cap was due to the listing of additional 8,888,888,889 ordinary shares of MBENEFIT.

IKEJAHOTEL emerged as the top gainer (by percentage points) for today, with a maximum price appreciation of +10.00 while BOCGAS emerged as a  top loser (by percentage points) with a maximum price depreciation of -9.95%.

Today’s market downturn was driven by price depreciation in large and medium capitalized stocks amongst which are; BOCGAS(-9.95%), ROYALEX(-7.94%) MBENEFIT(-4.76%), HONYFLOUR(-4.52%) CONOIL(-4.31%), WEMABANK(-3.33%), STERLINGBNK(-3.09%), AFRIPRUD(-2.42%), TRANSCORP(2.25%), PRESCO(-1.84%), FBNH(-0.69%), and ZENITHBANK(-0.63%).

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MARKET STATISTICS

CAP N19,592,515,120,326.94 One Day (ASI CHG) -0.19%
Index 37,585.25 One Week (ASI CHG) -2.49%
Volume 163,502,582.00 One Month (ASI CHG) -1.76%
Value N3,436,621,181.73 Six Months (ASI CHG) -3.13%
Deals 3,562.00 52 Weeks (ASI CHG) +51.38%
Gainers 13 Losers 18
Unchanged 66 Total 97
YTD Returns -6.67%

Source: Ngxgroup.com, GTI Research 

Sector Performance

Security Change Percent
NGX30 -0.03
NGXBNK -0.02
NGXCNSMRGDS 0.01
NGXINDUSTR 0.07
NGXINS 0.22
NGXLOTUSISLM 0.01
NGXOILGAS -0.35

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
IKEJAHOTEL 1.00 1.00 1.10 0.10 10.00
FIDSON 5.56 5.56 6.00 0.44 7.91
LINKASSURE 0.65 0.65 0.70 0.05 7.69
CHAMS 0.20 0.20 0.21 0.01 5.00
FCMB 3.00 3.00 3.10 0.10 3.33
VITAFOAM 14.25 14.25 14.65 0.40 2.81
UCAP 6.06 6.06 6.16 0.10 1.65

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
BOCGAS 10.55 10.55 9.50 -1.05 -9.95
ROYALEX 0.63 0.63 0.58 -0.05 -7.94
UNITYBNK 0.58 0.58 0.55 -0.03 -5.17
MBENEFIT 0.42 0.42 0.40 -0.02 -4.76
HONYFLOUR 1.55 1.55 1.48 -0.07 -4.52
CONOIL 20.90 20.90 20.00 -0.90 -4.31
VERITASKAP 0.26 0.26 0.25 -0.01 -3.85

Top 7 Traders By Value

Security Close Price Daily Volume Daily Value
MTNN 163.00             9,207,699    1,500,941,027.60
NESTLE 1400.00                428,790        600,310,807.00
GTCO 30.00          11,845,318        355,409,991.95
ZENITHBANK 23.65             8,811,667        208,623,326.75
FBNH 7.20          18,141,262        130,423,009.20
DANGCEM 221.00                450,770          99,214,479.70
UBA 7.35          13,006,161          94,239,063.30

Top 7 Traders By Volume

Security Close Price  Daily Volume   Daily Value 
FBNH 7.20          18,141,262        130,423,009.20
UBA 7.35          13,006,161          94,239,063.30
GTCO 30.00          11,845,318        355,409,991.95
MTNN 163.00             9,207,699    1,500,941,027.60
ZENITHBANK 23.65             8,811,667        208,623,326.75
WAPIC 0.55             7,289,160            3,914,789.23
INTBREW 5.40             6,583,267          35,545,788.80

 

 

MONEY MARKET 28062021

The overnight (O/N) rate closed at 19.25%, representing 3.75% depreciation against Friday’s position. while Open Buy-Back (OBB) rate closed at 18.50%, representing 3.50% depreciation against Friday’s position.

FOREIGN EX

The Investors and Exporters (I&E) FX window opened at N411.08, traded high at N412.56, traded low at N400.00, and eventually closed at N411.28, representing 0.09% appreciation  against Friday’s closing position. However, the naira depreciated by N5.00 to N500.00 from N495.00 at the BDC.

FOREIGN RESERVE 28062021

Nigeria’s foreign reserve weakened by $27.29 million to $33.52 billion on (25/06/2021) from $33.55 billion on (24/06/2021), representing a 0.08% decline.

Crude Oil 25062021The Brent crude increased by $0.31 to $74.81 on (24/06/2021) from $74.50 (23/06/2021), representing a 0.42% increase in price. While Bonny Light declined by $0.34 to $74.74 on (24/06/2021) from $75.08 on (23/06/2021)

GTI

GTI is a leading Nigerian Investment Banking group with proven expertise in Financial advisory, Securities Dealing (Fixed Income and Equities), Asset management and Deal Origination. We have strong capacity in financial service delivery.

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