Investors loose N92.03 billion as negative sentiment returns

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The Nigeria Equity market resumed the trading week on a bearish note, posting 0.82% loss. The loss was impacted by sell-off in all sectors of the market. Market breadth closed negative, recording 14 gainers and 25 losers.

 

NSE Trading Floor

 

In summary, the All Share Index (ASI) was down by 252.09 absolute points, representing a decline of 0.82%, closing at 30,614.73 points. Similarly, Market Capitalization increased by N92.03 billion representing a decrease of 0.82%, closing at N11.18 trillion.

LIVESTOCK emerged the top gainer while TRANSEXPR emerged the top loser.

The downturn was impacted by loses recorded in medium and large capitalized stocks, amongst which are; HONYFLOUR (-4.35%), NESTLE (-4.13%), OANDO (-2.19%), NB (-2.50%), ZENITHBANK (-2.12%), WEMABANK (-1.82%), STANBIC (-1.08%), FLOURMILL (-0.99%), TRANSCORP (-0.88%), FBNH (-0.66%) and GUARANTY (-0.43%).

 

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MARKET STATISTICS

CAP N11,176,760,901,488.95 One Day (ASI CHG) -0.82
Index 30,614.73 One Week (ASI CHG) -0.60
Volume 164,582,396 One Month (ASI CHG) -4.92
Value N1,666,271,052.64 Six Months (ASI CHG) -20.83
Deals
3,193
52 Weeks (ASI CHG) -22.02
Gainers 14 Losers 25
Unchanged 63 Total 102
YTD Returns -19.95

Source: NSE, GTI Research

 

 

FOREIGN EXCHANGE

The Naira at the inter-bank rate  closed at closed at N306.90 representing 0.02% depreciation against last week closing price.

The Investors and Exporters (I&E) FX window opened at N364.34, traded high at N366.50 and eventually closed at N365.03, representing a 0.08% appreciation against Friday’s closing price. A total of $332.24 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight (O/N) rate closed at 41.58%, representing a 15.50% appreciation against Friday’s closing position, while Open Buy-Back (OBB) rate also closed  at 39.17% representing a 14.83% appreciation against Friday’s closing position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 864.09 868.96 +4.87 bps
T.Bills 529.42 530.01 +0.59 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

Sector Performance

Sector %    Change
NSE30 -1.02
BANKING -0.39
CONSUMER GOODS -2.32
INDUSTRIAL -0.25
INSURANCE -0.74
LOTUS ISLAMIC -1.44
OIL/GAS -1.19

 

Top 7 Gainers

Company Pclose Open Close Change % Change
TRANSEXPR 0.59 0.59 0.64 0.05 8.47
FO 18 18 19.15 1.15 6.39
VITAFOAM 3.26 3.26 3.44 0.18 5.52
STERLNBANK 1.68 1.68 1.74 0.06 3.57
UBA 7.5 7.5 7.65 0.15 2.00
OKOMUOIL 72 72 73.00 1.00 1.39
ACCESS 7.45 7.45 7.55 0.10 1.34

 

Top 7 Losers

Company Pclose Open Close Change % Change
LIVESTOCK 0.52 0.52 0.47 -0.05 -9.62
CORNERST 0.22 0.22 0.2 -0.02 -9.09
MBENEFIT 0.23 0.23 0.21 -0.02 -8.70
MOBIL 174.8 174.8 160 -14.80 -8.47
UACN 10 10 9.3 -0.70 -7.00
REGALINS 0.21 0.21 0.2 -0.01 -4.76
HONYFLOUR 1.15 1.15 1.1 -0.05 -4.35

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
DIAMONDBNK                       44,920,331.00                   45,596,025.41 1.03
FBNH                       28,145,111.00                 214,219,371.25 7.55
STERLNBANK                       15,410,097.00                   25,490,256.52 1.74
UBA                         8,929,531.00                   67,858,301.20 7.65
ZENITHBANK                         8,922,806.00                 207,791,468.50 23.05
GUARANTY                         8,020,869.00                 276,654,232.65 34.75
FIDELITYBK                         5,414,867.00                   10,239,255.52 1.90

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                         8,020,869.00                 276,654,232.65 34.75
FBNH                       28,145,111.00                 214,219,371.25 7.55
NB                         2,681,163.00                 211,338,393.30 78.00
ZENITHBANK                         8,922,806.00                 207,791,468.50 23.05
NESTLE                              80,850.00                 120,094,562.70 1485.00
DANGCEM                            640,021.00                 118,899,459.40 184.20
STANBIC                         2,106,453.00                   97,879,490.00 46.00

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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