Local bourse extends downtrend to 3 consecutive days, sheds 0.94%

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Transactions on the Nigerian equity market today (Wednesday), closed on a negative note, extending negative sentiment to three consecutive trading days, with a dip of 0.94%, following sell-off on DANGCEM, ACCESS, ZENITHBANK among others. Consequently, the market breadth closed negatively, recording 26 losers as against 6 gainers.

 

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 199.93 absolute points, representing a dip of 0.94% to close at 21,100.54 points. Similarly, the overall Market Capitalization size shed N104.19 billion, representing a dip of 0.94% to close at N11.00 trillion.

MTNN emerged as the top gainer while UNILEVER emerged as the top loser.

The downturn was impacted by loses recorded in large and medium capitalized stocks, amongst which are; DANGCEM (-9.95%), GUINNESS (-9.92%), FLOURMILL (-9.88%), ETI (-8.99%), ACCESS (-3.56%), ZENITHBANK (-2.56%), FBNH (-1.27%), DANGSUGAR (-1.11%), UBA (-1.00%) and GUARANTY (-0.85%).

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MARKET STATISTICS

CAP N10,996,610,237,603.31 One Day (ASI CHG) -0.94%
Index 21,100.54 One Week (ASI CHG) -2.89%
Volume 154,550,658 One Month (ASI CHG) -20.12%
Value N1,767,437,961.87 Six Months (ASI CHG) -23.63%
Deals 3,415 52 Weeks (ASI CHG) -30.19%
Gainers 6 Losers 26
Unchanged 49 Total 81
-21.39%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Wednesday closed unchanged at 361.00/$1, against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N386.01, traded high at N395.95 and eventually closed at N385.55, unchangedd against yesterday’s closing position. A total of $79.94 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 6.08%, representing a 3.75% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 5.50%, representing 3.00% depreciation against yesterday’s position.

FIXED INCOME
Securities P. Close Close Change
Bond 589.62 588.24 -1.38 bps
T.Bills 634.60 614.09 -20.51 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research
NASD OTC MARKET

The NASD OTC market on Tuesday remained unchanged as the Unlisted Securities Index (USI) closed at 692.71, against Friday’s closing position. Similarly, Market Capitalization closed at N508.84 billion, unchanged against Friday’s position. Consequently, the aggregate volume and value decreased by 78.67% and 71.78%, as investors traded a total of 8,359,549 volume of shares, valued at N6.43 million in 3 deals.

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Sector Performance

Top 6 Gainers

Company Pclose Open Close Change % Change
MTNN 90.00 90.00 98.40 8.40 9.33
INTBREW 4.90 4.90 5.35 0.45 9.18
LIVESTOCK 0.59 0.59 0.64 0.05 8.47
CADBURY 6.80 6.80 7.10 0.30 4.41
NAHCO 2.50 2.50 2.60 0.10 4.00
WAPIC 0.25 0.25 0.26 0.01 4.00

 

Top 7 Losers

Company Pclose Open Close Change % Change
UNILEVER 11.00 11.00 9.90 -1.10 -10.00
DANGCEM 129.70 129.70 116.80 -12.90 -9.95
GUINNESS 25.20 25.20 22.70 -2.50 -9.92
FLOURMILL 21.25 21.25 19.15 -2.10 -9.88
ETI 4.45 4.45 4.05 -0.40 -8.99
UACN 7.20 7.20 6.70 -0.50 -6.94
UCAP 2.20 2.20 2.06 -0.14 -6.36


Top 7 Traders By Volume

Company Volume Value(₦) Current Price
ZENITHBANK                            38,672,478                      443,546,301 11.40
GUARANTY                            22,252,257                      391,056,436 17.55
FBNH                            14,936,741                        58,643,252 3.90
ACCESS                            14,109,438                        81,362,460 5.75
FIDELITYBK                            10,654,319                        18,861,649 1.75
NB                              6,170,291                      153,054,622 24.80
UBA                              6,161,153                        30,556,461 4.95

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
ZENITHBANK                            38,672,478                 443,546,301.05 11.40
GUARANTY                            22,252,257                 391,056,436.35 17.55
MTNN                              1,781,766                 175,744,451.20 98.40
NB                              6,170,291                 153,054,622.40 24.80
DANGCEM                              1,287,082                 150,331,177.60 116.80
NESTLE                                 165,505                 126,704,766.10 765.00
ACCESS                            14,109,438                   81,362,460.00 5.75

 

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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