Gains in Banking stocks fail to lift equity market as NSE-ASI shed 0.16%

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Transactions on the Nigerian bourse today (Friday)  closed southward with a dip of 0.16%, extending previous day’s negative sentiment to two consecutive trading days. The downturn was buoyed by persistent profit taken on some blue-chip stocks like ACCESS, FBNH, WAPCO and 25 other. Consequently, the market breadth closed on a negatively, recording 27 losers as against 9 gainers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 38.28 absolute points, representing a dip of 0.16% to close at 24,336.12 points. Similarly, the overall Market Capitalization size shed N20.00 billion, representing a contraction of 0.16% to close at N12.70 trillion.

IKEJAHOTEL emerged as the top gainer while REDSTAREX & UACN emerged as the top losers.

The downturn was impacted by losses recorded in large and medium capitalized stocks, amongst which are; NB (-5.68%), JAPAULOIL (-4.35%), HONYFLOUR (-4.21%), PZ (-2.50%), ACCESS (-2.31%), UBA (-1.63%), FBNH (-0.98%), WAPCO (-0.96%) and FLOURMILL (0.28%).

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MARKET STATISTICS

CAP N12,695,157,128,674.53 One Day (ASI CHG) -0.16%
Index 24,336.12 One Week (ASI CHG) -1.99%
Volume 144,312,140 One Month (ASI CHG) -4.22%
Value N1,522,502,244.35 Six Months (ASI CHG) -9.76%
Deals 3,993 52 Weeks (ASI CHG) -17.15%
Gainers 9 Losers 27
Unchanged 59 Total 96
YTD -9.34%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Friday closed unchanged at 361.00/$1, against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N386.86, traded high at N389.75, and eventually closed at N386.00, unchanged against the previous day’s closing position. A total of $204.90 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 23.50%, representing a 19.90% appreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 21.50%, representing an 18.70% appreciation against the previous day’s position.

 

FIXED INCOME
Securities Close P. Close Change
Bond 355.62 354.58 +1.04 bps
T.Bills 214.11 213.47 +0.64 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

 The NASD OTC market today (Friday) closed positively, as the Unlisted Securities Index (USI) closed at 716.96, representing a 1.15% appreciation against the previous day’s closing position. Similarly, Market Capitalization gained N300 million, to closed at N526.65 billion, representing a 1.15% appreciation against the previous day’s closing position. However, the aggregate volume and aggregated value increased by 1,018.32% and 7,882.78% respectively, as investors traded a total of 114.404 shares, worth N2.79 million in 11 deal.

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Sector Performance

Sector % Change
NSE30 -0.28
BANKING 0.32
CONSUMER GOODS -1.07
INDUSTRIAL -0.04
INSURANCE -0.61
LOTUS ISLAMIC -0.49
OIL/GAS -0.13

 

Top 7 Gainers

Company Pclose Open Close Change % Change
IKEJAHOTEL 0.93 0.93 1.02 0.09 9.68
ROYALEX 0.24 0.24 0.26 0.02 8.33
WEMABANK 0.52 0.52 0.55 0.03 5.77
TRANSCORP 0.64 0.64 0.67 0.03 4.69
UNITYBNK 0.50 0.50 0.52 0.02 4.00
ZENITHBANK 14.80 14.80 15.25 0.45 3.04
FCMB 1.76 1.76 1.80 0.04 2.27

 

Top 7 Losers

Company Pclose Open Close Change % Change
REDSTAREX 3.30 3.30 2.97 -0.33 -10.00
UACN 8.00 8.00 7.20 -0.80 -10.00
JAIZBANK 0.59 0.59 0.54 -0.05 -8.47
NEIMETH 1.63 1.63 1.50 -0.13 -7.98
CAVERTON 1.98 1.98 1.83 -0.15 -7.58
JBERGER 19.85 19.85 18.35 -1.50 -7.56
STERLNBANK 1.24 1.24 1.15 -0.09 -7.26

 

Top 7 Traders By VolumeTop

Company Volume Value(₦) Current Price
GUARANTY                            29,146,964                      606,959,037 20.80
ZENITHBANK                            27,229,510                      416,765,476 15.25
TRANSCORP                              8,881,248                          5,504,459 0.67
FBNH                              8,285,192                        41,963,119 5.05
FIDELITYBK                              7,247,962                        12,274,061 1.67
STERLNBANK                              6,859,155                          8,263,434 1.15
UBA                              6,446,234                        39,079,030 6.05

 

7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                            29,146,964                 606,959,037.40 20.80
ZENITHBANK                            27,229,510                 416,765,475.55 15.25
DANGCEM                                 631,013                   78,688,971.00 127.00
MTNN                                 407,355                   47,186,152.20 116.00
FBNH                              8,285,192                   41,963,118.95 5.05
NB                              1,229,846                   41,888,980.60 34.05
UBA                              6,446,234                   39,079,030.25 6.05

 

GTI

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