Local bourse extends downtrend, dips marginally by 0.004%

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The Nigeria bourse today (Wednesday) closed marginally lower, contracting by 0.004%, extending the previous negative sentiment to four consecutive trading days. The downturn was buoyed by persistent sell-pressure on some bellwether. However, the market breadth closed at par, recording 9 gainers as against 9 losers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 0.92 absolute points, representing a dip of 0.004% to close at 24,173.53 points. Similarly, the overall Market Capitalization size shed N0.48 billion, representing a contraction of 0.004% to close at N12.61 trillion

ETERNA emerged as the top gainer while GLAXOSMITH emerged as the top loser.

The downturn was impacted by loses recorded in large and medium capitalized stocks, amongst which are; GLAXOSMITH (-9.52%), STERLNBANK (-3.28%), FIDELITYBK (-1.12%)  and UCAP (-0.72%).

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MARKET STATISTICS

CAP N12,610,342,857,957.54 One Day (ASI CHG) -0.004%
Index 24,173.53 One Week (ASI CHG) +0.18%
Volume 402,636,177 One Month (ASI CHG) -2.34%
Value N4,554,097,944.94 Six Months (ASI CHG) -17.94%
Deals 3,252 52 Weeks (ASI CHG) -13.07%
Gainers 9 Losers 9
Unchanged 77 Total 96
YTD -9.94%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Wednesday closed at 381.00/$1, unchanged against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N388.65, traded high at N390.00, and eventually closed at N388.17, unchanged against the previous day’s closing position. A total of $29.77 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 2.50%, representing a 0.30% depreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 1.90%, representing a 0.20% depreciation against the previous day’s position.

 

FIXED INCOME
Securities Close P. Close Change
Bond 313.42 314.63 -1.21 bps
T.Bills 191.26 200.02 -8.76 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

 The NASD OTC market today (Wednesday) closed, on a negative note as the Unlisted Securities Index (USI) closed at 706.52, representing a 0.02% depreciation against the previous day’s closing position. Similarly, Market Capitalization shed N90 million, to close at N518.99 billion, representing a 0.02% depreciation against the previous day’s closing position. However, the aggregate volume decreased by 82.67% while the aggregated value increased by 32.38%, as investors traded a total of 1,452 shares, worth N108,892 in 3 deal.

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Sector Performance

Sector % Change
NSE30 0.00
BANKING -0.03
CONSUMER GOODS 0.00
INDUSTRIAL 0.00
INSURANCE -0.64
LOTUS ISLAMIC -0.01
OIL/GAS 0.04

 

Top 7 Gainers

Company Pclose Open Close Change % Change
ETERNA 1.80 1.80 1.96 0.16 8.89
MAYBAKER 2.78 2.78 3.00 0.22 7.91
NPFMCRFBK 1.32 1.32 1.42 0.10 7.58
NEIMETH 1.40 1.40 1.50 0.10 7.14
CUTIX 1.54 1.54 1.60 0.06 3.90
FIDSON 2.90 2.90 3.00 0.10 3.45
TRANSCORP 0.65 0.65 0.66 0.01 1.54

 

Top 7 Losers

Company Pclose Open Close Change % Change
GLAXOSMITH 5.25 5.25 4.75 -0.50 -9.52
CHIPLC 0.49 0.49 0.45 -0.04 -8.16
PRESTIGE 0.49 0.49 0.46 -0.03 -6.12
AFRIPRUD 4.18 4.18 4.01 -0.17 -4.07
STERLNBANK 1.22 1.22 1.18 -0.04 -3.28
CAVERTON 1.90 1.90 1.84 -0.06 -3.16
JAIZBANK 0.55 0.55 0.54 -0.01 -1.82

 

Top 7 Traders By VolumeTop

Company Volume Value(₦) Current Price
NB                            52,618,805                   1,631,442,038 31.00
MULTIVERSE                            50,000,000                        10,000,000 0.20
STERLNBANK                            29,200,860                        35,729,201 1.18
FBNH                            18,414,500                        91,192,672 4.95
DANGCEM                            10,896,431                   1,330,954,929 122.00
MBENEFIT                              9,548,445                          1,999,729 0.21
GUARANTY                              9,507,062                      204,847,484 21.55

 

 

7 Traders By Value

Company Volume Value(₦) Current Price
NB                            52,618,805              1,631,442,037.50 31.00
DANGCEM                            10,896,431              1,330,954,929.10 122.00
GUARANTY                              9,507,062                 204,847,483.90 21.55
ZENITHBANK                              8,661,015                 134,601,722.15 15.55
FBNH                            18,414,500                   91,192,671.75 4.95
MTNN                                 417,131                   49,715,680.80 119.00
WAPCO                              3,472,182                   38,142,302.10 11.00

 

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