Insurance and Oil & Gas sectors soars despite NSE-ASI negative sentiment of 0.47%

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The Nigeria equity market on Wednesday closed on a negative note, reversing the previous day’s positive sentiment with a dip of 0.47%, buoyed by profit-taking on ZENITHBANK, ETI, DANGSUGAR and 16 others. The market breadth closed at par, recording 13 gainers and 13 losers.

 

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 120.11 absolute points, representing a dip of 0.47% to close at 25,215.04 points. Similarly, the overall Market Capitalization size shed N62.62 million, representing a dip of 0.47% to close at N13.15 trillion.

MBENEFIT emerged as the top gainer while MOBIL emerged as the top loser.

The downturn was impacted by losses recorded in large and medium capitalized stocks, amongst which are; UACN (-9.09%), BUACEMENT (-3.94%), GUINNESS (-2.78%), ZENITHBANK (-1.78%), INTBREW (-1.05%), DANGSUGAR (-1.00%), ETI (-0.90%) and STANBIC (-0.60%).

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MARKET STATISTICS

CAP N13,153,691,728,982.60 One Day (ASI CHG) -0.47%
Index 25,215.04 One Week (ASI CHG) -0.76%
Volume 266,649,776 One Month (ASI CHG) +3.53%
Value N3,183,188,592.02 Six Months (ASI CHG) -4.43%
Deals 3,978 52 Weeks (ASI CHG) -16.84%
Gainers 19 Losers 19
Unchanged 56 Total 94
YTD -6.06%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Wednesday closed unchanged at 361.00/$1, against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N386.96, traded high at N390.29 and eventually closed at N386.94, representing 0.04% appreciation as against yesterday’s closing position. A total of $31.81 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 14.10%, representing a 1.32% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 13.00%, representing a 1.50% depreciation against yesterday’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 484.26 483.51 -0.75 bps
T.Bills 214.43 215.31 +0.88 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

The NASD OTC market on Wednesday closed unchanged, as the Unlisted Securities Index (USI) closed at 682.49,  as against previous day’s closing position. Similarly, Market Capitalization closed unchanged at N501.34 billion, against yesterday’s closing position. However, the aggregate volume and value dipped by 47.02% and 79.52% respectively, as investors traded a total of 88,100 shares, worth N9.25 million in 2 deal.

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Sector Performance

Sector %    Change
NSE30 -0.52
BANKING -0.14
CONSUMER GOODS -0.27
INDUSTRIAL -2.54
INSURANCE 1.44
LOTUS ISLAMIC -1.06
OIL/GAS 0.20

Top 7 Gainers

Company Pclose Open Close Change % Change
PRESTIGE 0.70 0.70 0.77 0.07 10.00
BERGER 7.00 7.00 7.70 0.70 10.00
NEIMETH 2.13 2.13 2.34 0.21 9.86
MBENEFIT 0.22 0.24 0.24 0.02 9.09
ROYALEX 0.22 0.22 0.24 0.02 9.09
UPDCREIT 3.50 3.50 3.80 0.30 8.57
CORNERST 0.50 0.50 0.54 0.04 8.00

Top 7 Losers

Company Pclose Open Close Change % Change
CILEASING 5.30 5.30 4.80 -0.50 -9.43
UACN 8.25 8.25 7.50 -0.75 -9.09
JAPAULOIL 0.25 0.23 0.23 -0.02 -8.00
REDSTAREX 3.56 3.56 3.30 -0.26 -7.30
CUTIX 1.69 1.69 1.60 -0.09 -5.33
BUACEMENT 43.20 43.20 41.50 -1.70 -3.94
LASACO 0.26 0.26 0.25 -0.01 -3.85

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
GUARANTY                             69,410,205                    1,676,999,940 24.20
MBENEFIT                             51,762,859                         12,392,340 0.24
FBNH                             31,213,625                       167,671,816 5.35
JAPAULOIL                             18,735,616                           4,312,662 0.23
ZENITHBANK                             16,438,691                       274,860,029 16.60
FCMB                               9,649,740                         16,604,018 1.72
UBA                               5,294,245                         36,017,857 6.80

Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                             69,410,205               1,676,999,939.65 24.20
ZENITHBANK                             16,438,691                  274,860,029.25 16.60
DANGCEM                               1,747,317                  235,477,949.80 139.00
FBNH                             31,213,625                  167,671,815.70 5.35
MTNN                               1,126,925                  132,989,354.00 118.00
NB                               2,305,183                    97,828,763.50 42.50
STANBIC                               2,653,395                    87,591,297.00 33.00

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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