Investors’ wealth dips by N74 billion, as equity market plunge further

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Transaction on the Nigeria equity market plunged further as Investors’ wealth declined by N74 billion, following sell-down on major bellwether stocks. As a result, the market breadth closed positive, recording 10 gainers and 12 losers.

Nigerian Stock Exchange 2

NSE Trading Floor

In summary, the All Share Index (ASI) decreased by 151.69 absolute points, representing a decline of 0.58% to close at 26,223.66 points. Similarly, the Market Capitalization lost N73.84 billion representing a dip of 0.58%, to close at N12.77 trillion.

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

The downturn was impacted by losses recorded in large and medium capitalized stocks, amongst which are; PRESCO (-9.90%), INTBREW (-9.69%), STANBIC (-3.08%), UBA (-2.33%), DANGCEM (-1.07%), FBNH (-0.91%) and MTNN (-0.81%).

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MARKET STATISTICS  

CAP N12,765,565,772,043.22 One Day (ASI CHG) -0.58%
Index 26,223.66 One Week (ASI CHG) -0.33%
Volume 232,216,011 One Month (ASI CHG) -2.83%
Value N3,121,466,101.81 Six Months (ASI CHG) -10.18%
Deals 3,171 52 Weeks (ASI CHG) -18.44%
Gainers 10 Losers 12
Unchanged 79 Total 101
  YTD Returns -16.57%  

Source: NSE, GTI Research

FMDQ ABOUT

FOREIGN EXCHANGE

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

The Investors and Exporters (I&E) FX window opened at N362.38, traded high at N363.40 and eventually closed at N362.66, representing 0.07% appreciation against yesterday’s position. A total of $416.48 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 5.50%, representing a 1.36% appreciation against  yesterday’s position, while Open Buy-Back (OBB) rate closed at 4.50%, representing a 0.93% appreciation against yesterday’s position.

FIXED INCOME
Securities P. Close Close Change
Bond 954.62 950.52 + 5.90 bps
T.Bills 545.57 564.18 + 18.61 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

NASD OTC MARKET         

The NASD OTC market remained flat to the close of today’s transaction, as the Unlisted Securities Index (USI) closed at 703.11 points. Similarly, the Market Capitalization closed at N505.14 billion as against yesterday’s position. The aggregate volume and value declined by 91.82%, and 94.73% respectively, as investors traded a total of 68,430 units of shares valued at N881,040.60 in 3 deals.

NASD Daily Price List

 

Sector Performance

Sector %    Change
NSE30 -0.57
BANKING -0.05
CONSUMER GOODS -0.50
INDUSTRIAL -0.45
INSURANCE -0.03
LOTUS ISLAMIC -0.81
OIL/GAS 0.00

Top 7 Gainers

Company Pclose Open Close Change % Change
CORNERST 0.45 0.45 0.49 0.04 8.89
LAWUNION 0.46 0.46 0.50 0.04 8.70
LASACO 0.26 0.26 0.27 0.01 3.85
TRANSCORP 0.99 0.99 1.02 0.03 3.03
FCMB 1.71 1.71 1.74 0.03 1.75
VITAFOAM 3.50 3.50 3.55 0.05 1.43
GUARANTY 26.05 26.05 26.25 0.20 0.77

Top 7 Losers

Company Pclose Open Close Change % Change
PRESCO 38.40 38.40 34.60 -3.80 -9.90
INTBREW 11.35 11.35 10.25 -1.10 -9.69
MCNICHOLS 0.46 0.46 0.42 -0.04 -8.70
FIDELITYBK 1.89 1.89 1.76 -0.13 -6.88
WAPIC 0.34 0.34 0.32 -0.02 -5.88
CHAMS 0.24 0.24 0.23 -0.01 -4.17
STANBIC 39.00 39.00 37.80 -1.20 -3.08

 Top 7 Traders By Volume 

Company Volume Value(₦) Current Price
UBA                             59,055,076                       371,469,116 6.30
ACCESS                             45,615,447                       378,118,929 8.35
ZENITHBANK                             26,457,816                       459,357,746 17.35
GUARANTY                             19,699,533                       514,972,943 26.25
TRANSCORP                             13,035,768                         13,025,828 1.02
STERLNBANK                             10,338,086                         22,672,785 2.20
FBNH                               8,828,034                         48,144,854 5.45

  Top 7 Traders By Value 

Company Volume Value(₦) Current Price
MTNN                               5,432,589                  668,121,761.30 123.00
GUARANTY                             19,699,533                  514,972,943.40 26.25
ZENITHBANK                             26,457,816                  459,357,746.20 17.35
ACCESS                             45,615,447                  378,118,929.35 8.35
UBA                             59,055,076                  371,469,115.50 6.30
NESTLE                                  264,468                  297,658,876.10 1150.00
STANBIC                               4,542,314                  171,670,127.15 37.80

 

 

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