Guinness, Flourmill, 17 others drag equity market to recede further by 0.11%

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The equity market performance index (NSE-ASI) shed 0.11%, extending the downtrend to three consecutive days. The market breadth closed positive, recording 23 gainers and 19 losers.

NSE Trading Floor

The All Share Index (ASI) declined by 33.37 absolute points, representing a decrease of 0.11%, to close at 31,145.34 points. Similarly, Market Capitalization decrease by N12.45 billion representing a decline of 0.11%, to close at N11.61 trillion.

CORNERST & MBENEFIT emerged the top gainers while AIRSERVICE emerged  as the top loser.

The downtrend was impacted by losses recorded in medium and large capitalized stocks, amongst which are; WEMABANK (-8.82%), FCMB (-3.00%), FLOURMILL (-2.06%), FBNH (-1.99%), ACCESS (-0.83%), NESTLE (-2.38%), ZENITHBANK (-2.13%), DANGSUGAR (-1.40%), GUARANTY (-1.31%), OANDO (-0.98%), FBNH (-0.69%)  and UBA (-0.68%).

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MARKET STATISTICS

CAP N11,614,254,015,195.72 One Day (ASI CHG) -0.11
Index 31,145.34 One Week (ASI CHG) +0.86
Volume 249,537,151 One Month (ASI CHG) +0.35
Value N3,122,270,269.35 Six Months (ASI CHG) -15.70
Deals 4,018 52 Weeks (ASI CHG) -30.00
Gainers 23 Losers 19
Unchanged 64 Total 106
  YTD Returns -0.91  

 

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the inter-bank rate  remained unchanged to closed at N306.75 against yesterday’s closing price.

The Investors and Exporters (I&E) FX window opened at N363.00, traded high at N363.80 and eventually closed at N363.32, representing a 0.01% appreciation against yesterday’s closing price. A total of $61.23 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 4.50%, representing a 6.33% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate also closed at 3.83% representing a 6.33%  depreciation against yesterday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 848.43 844.72 -3.71 bps
T.Bills 609.38 607.73 -1.65 bps
Note: BPS=> Basis Points

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Source: FMDQ, GTI Research 

 

Sector Performance

Sector %    Change
NSE30 -0.14
BANKING 0.10
CONSUMER GOODS -0.76
INDUSTRIAL 0.23
INSURANCE 0.89
LOTUS ISLAMIC -0.20
OIL/GAS 1.40

Top 7 Gainers

Company Pclose Open Close Change % Change
CORNERST 0.2 0.2 0.22 0.02 10.00
MBENEFIT 0.2 0.2 0.22 0.02 10.00
ABCTRANS 0.31 0.31 0.34 0.03 9.68
LINKASSURE 0.56 0.56 0.61 0.05 8.93
BETAGLAS 55.65 55.65 60 4.35 7.82
ROYALEX 0.27 0.27 0.29 0.02 7.41
UNIONDAC 0.28 0.28 0.30 0.02 7.14

Top 7 Losers

Company Pclose Open Close Change % Change
AIRSERVICE 7.15 7.15 6.45 -0.70 -9.79
LASACO 0.32 0.32 0.29 -0.03 -9.38
MCNICHOLS 0.33 0.33 0.30 -0.03 -9.09
WEMABANK 0.68 0.68 0.62 -0.06 -8.82
MEYER 0.59 0.59 0.54 -0.05 -8.47
GUINNESS 71 71 65 -6.00 -8.45
NIGERINS 0.26 0.26 0.24 -0.02 -7.69

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
ZENITHBANK                       56,367,469.00              1,296,258,134.10 23.00
ACCESS                       36,186,787.00                 218,053,107.40 6.00
STERLNBANK                       32,297,701.00                   75,546,051.27 2.35
DIAMONDBNK                       20,193,101.00                   46,498,988.48 2.30
UBA                       15,971,933.00                 116,024,129.70 7.25
FIDELITYBK                       10,831,918.00                   24,762,485.38 2.25
NB                       10,821,948.00                 844,018,207.60 78.00

Top 7 Traders By Value

Company Volume Value(₦) Current Price
ZENITHBANK                       56,367,469.00              1,296,258,134.10 23.00
NB                       10,821,948.00                 844,018,207.60 78.00
ACCESS                       36,186,787.00                 218,053,107.40 6.00
UBA                       15,971,933.00                 116,024,129.70 7.25
NESTLE                              66,953.00                   96,439,931.70 1440.00
GUARANTY                         2,756,168.00                   93,728,062.25 34.00
STERLNBANK                       32,297,701.00                   75,546,051.27 2.35

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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