Investors’ wealth decline as Equity Market recedes further by 0.09%

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The Nigerian Equity Market today shed 0.09% to further extended downtrend to four consecutive trading sessions. The decline was driven by price depreciation in Cornerstone Insurance, and 18 other stocks. Consequently, market breadth closed negative, recording 8 gainers as against 19 losers.

Nigerian Stock Exchange 2

 

NSE Trading Floor

In summary, the All-Share Index (ASI) shed 24.88 absolute points, representing a decline of 0.09% to close at 26,913.70 points. Similarly, the overall Market Capitalization size lost N12.00 billion, representing a dip of 0.09% to close at N12.99 trillion.

CHAMS emerged as the top gainer,  while  CORNERST emerged as top loser.

The downtrend was impacted by losses recorded in large and medium capitalized stocks, amongst which are; CORNEST (-10.00%), MANSARD (-8.33%), WEMABANK (-2.82%), ACCESS (-2.69%), FBNH (-2.21%), HONEYFLOUR (-0.93%),  UBA (-0.72%), GUARANTY (-0.50%) and OANDO (-0.28%).

Click here for more on NSE Daily Price List

 

MARKET STATISTICS

 

CAP N12,989,965,684,543.87 One Day (ASI CHG) -0.09%
Index 26,913.70 One Week (ASI CHG) +0.33%
Volume 207,260,363 One Month (ASI CHG) +2.04%
Value N2,845,333,340.54 Six Months (ASI CHG) -12.99%
Deals 3,842 52 Weeks (ASI CHG) -13.60%
Gainers 8 Losers 19
Unchanged 68 Total 95
YTD Returns -14.37%

 

Source: NSE, GTI Research

 

FMDQ ABOUT

FOREIGN EXCHANGE

The Naira at the official rate remains unchanged to close at N306.95/$1 as against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N362.56, traded high at N363.75 and eventually closed at N363.07, representing 0.13% depreciation against yesterday’s position. A total of $456.46million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 3.57%, representing a 0.14% depreciation against yesterday’s position, while Open Buy-Back (OBB) rate closed at 2.79%,  representing a 0.21% depreciation as against yesterday’s position.

FIXED INCOME
Securities P. Close Close Change
Bond 729.02 717.07 -11.95 bps
T.Bills 636.91 634.42 -2.49 bps
Note: BPS=> Basis Points

 

 

Source: FMDQ, GTI Research 

 

 

 

NASD OTC MARKET         

The NASD OTC market closed on a bearish note, as the Unlisted Securities Index (USI) declined by 0.53% to close at 692.24 points. Similarly, the Market Capitalization lost N2.64 billion to close at N497.33 billion as against yesterday’s position. However, the aggregate volume declined by 30.86% the value grew by 452.70% respectively, as investors traded a total of 80,507 units of shares valued at N15.67 million in 12 deals.

NASD Daily Price List

 

Sector Performance

Sector %    Change
NSE30 -0.08
BANKING -0.67
CONSUMER GOODS 0.69
INDUSTRIAL 0.01
INSURANCE -2.52
LOTUS ISLAMIC 0.24
OIL/GAS -0.03

Top 7 Gainers 

Company Pclose Open Close Change % Change
CHAMS 0.33 0.33 0.36 0.03 9.09
UNIONDAC 0.24 0.24 0.26 0.02 8.33
DANGSUGAR 13.70 13.70 14.80 1.10 8.03
UACN 7.55 7.55 8.05 0.50 6.62
CUTIX 1.48 1.48 1.54 0.06 4.05
UCAP 2.26 2.26 2.30 0.04 1.77
FIDELITYBK 2.02 2.02 2.04 0.02 0.99

Top Losers

Company Pclose Open Close Change % Change
CORNERST 0.70 0.70 0.63 -0.07 -10.00
MEDVIEWAIR 1.80 1.80 1.62 -0.18 -10.00
ARBICO 4.79 4.79 4.32 -0.47 -9.81
FIDSON 3.75 3.75 3.40 -0.35 -9.33
DEAPCAP 0.44 0.44 0.40 -0.04 -9.09
RTBRISCOE 0.23 0.23 0.21 -0.02 -8.70
MANSARD 1.80 1.80 1.65 -0.15 -8.33

 Top 7 Traders By Volume

Company Volume Value(₦) Current Price
UACN                             40,229,662                       315,898,748 8.05
ACCESS                             28,287,973                       260,132,069 9.05
GUARANTY                             27,732,286                       837,666,245 30.10
ZENITHBANK                             25,908,677                       484,603,599 18.70
FBNH                             23,766,132                       159,207,125 6.65
UBA                               8,620,160                         59,709,431 6.90
NB                               8,502,426                       435,340,430 51.20

  Top 7 Traders By Value 

Company Volume Value(₦) Current Price
GUARANTY                             27,732,286                  837,666,245.30 30.10
ZENITHBANK                             25,908,677                  484,603,598.85 18.70
NB                               8,502,426                  435,340,430.20 51.20
UACN                             40,229,662                  315,898,748.20 8.05
ACCESS                             28,287,973                  260,132,069.30 9.05
FBNH                             23,766,132                  159,207,124.55 6.65
STANBIC                               1,764,274                    64,923,149.60 36.80

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