Investors’ wealth recedes by 0.91% as negative sentiment persist

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Activities on the Nigerian equity market on Wednesday closed lower to extend downtrend to three consecutive trading sessions as investors’ wealth sheds N138 billion. As a result, the market breadth closed negatively, recording 10 gainers against 18 losers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 267.73 absolute points, representing a dip of 0.91% to close at 29,110.90 points, Similarly, the overall Market Capitalization size shed N137.91 billion, representing a decline of 0.91% to close at N14.99 trillion.

LASACO emerged as the top gainer while BOCGAS emerged as top loser.

The downtrend was impacted by losses recorded in large and medium capitalized stocks, amongst which are; UNILEVER (-5.06%), MTNN (-4.00%), GUARANTY (-2.90%), ETI (-2.61%), ACCESS (-2.00%), HONYFLOUR (-1.82%) and FBNH (-1.42%).

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MARKET STATISTICS

CAP N14,994,804,859,396.61 One Day (ASI CHG) -0.91%
Index 29,110.90 One Week (ASI CHG) -1.18%
Volume 242,758,444 One Month (ASI CHG) +10.20%
Value N4,591,888,426.70 Six Months (ASI CHG) +4.15%
Deals 3,556 52 Weeks (ASI CHG) -6.63%
Gainers 10 Losers 18
Unchanged 83 Total 111
YTD Returns +8.45%

Source: NSE, GTI Research

 

 

FOREIGN EXCHANGE

The Naira at the official window on Wednesday closed unchanged at 307.00/$1, against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N362.75, traded high at N364.85 and eventually closed at N363.51, representing a 0.05% depreciation as against yesterday’s closing position. A total of $588.22 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 14.17%, representing 4.92% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 13.50%, representing 5.08% appreciation against yesterday’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 514.89 513.08 -1.81 bps
T.Bills 415.74 615.98 +200.24 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

NASD OTC MARKET

The NASD OTC market on Wednesday reversed previous day’s negative sentiment as the Unlisted Securities Index (USI) increased by 0.98% to close at 698.56. Similarly, Market Capitalization gained N4.88 billion to close at N501.87 billion. Similarly, the aggregate volume and value increased by 71.14% and 65.34% respectively, as investors traded a total of 592,065 volume of shares valued at N11.97 million in 13 deals.

NASD Daily Price List

 

Sector Performance

Sector %    Change
NSE30 -0.99
BANKING -1.26
CONSUMER GOODS +0.39
INDUSTRIAL -0.18
INSURANCE -2.79
LOTUS ISLAMIC -1.08
OIL/GAS +0.36

 

Top 7 Gainers

Company Pclose Open Close Change % Change
LASACO 0.26 0.26 0.28 0.02 7.69
AIICO 0.79 0.79 0.84 0.05 6.33
FLOURMILL 21.15 21.15 22.35 1.20 5.67
OANDO 3.64 3.64 3.74 0.10 2.75
STERLNBANK 1.85 1.85 1.89 0.04 2.16
NB 54.00 54.00 55.00 1.00 1.85
UBN 5.90 5.90 6.00 0.10 1.69

 

Top 7 Losers

Company Pclose Open Close Change % Change
BOCGAS 4.95 4.95 4.50 -0.45 -9.09
NEM 2.40 2.40 2.20 -0.20 -8.33
MANSARD 2.13 2.13 2.00 -0.13 -6.10
WAPIC 0.37 0.37 0.35 -0.02 -5.41
UACN 10.55 10.55 10.00 -0.55 -5.21
UNILEVER 15.80 15.80 15.00 -0.80 -5.06
MTNN 125.00 125.00 120.00 -5.00 -4.00

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
ZENITHBANK                            46,571,457                      980,701,219 21.15
UNILEVER                            25,005,348                      375,324,200 15.00
GUARANTY                            24,335,420                      740,241,138 30.10
FCMB                            21,083,217                        41,105,494 1.95
UBA                            12,371,656                      101,993,844 8.20
FBNH                            12,280,906                        86,338,808 6.95
VERITASKAP                            12,172,328                          2,434,466 0.20

 

Top 7 Traders By Value 

Company Volume Value(₦) Current Price
MTNN                            10,678,631              1,282,218,058.70 120.00
ZENITHBANK                            46,571,457                 980,701,219.30 21.15
GUARANTY                            24,335,420                 740,241,137.95 30.10
UNILEVER                            25,005,348                 375,324,199.85 15.00
NESTLE                                 163,681                 210,240,838.90 1380.00
DANGCEM                                 905,871                 156,861,835.30 179.90
AIRTELAFRI                                 400,031                 119,573,663.10 298.90

 

GTI

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