Local bourse halts uptrend of six consecutive trading days, sheds 0.09%

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The Nigerian equity market today (Monday) began the trading week on a negative note as the All-Share-Index depreciated by 0.09% to halt previous positive sentiment of six consecutive trading day. The downtrend was supported by value depreciation on some bellwether stocks like ZENITHBANK, GUARANTY, FBNH and 13 others. However, the market breadth closed on a positive note, recording 16 gainers as against 15 losers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 23.41 absolute points, representing a dip of 0.09% to close at 25,582.23 points. Similarly, the overall Market Capitalization size shed N12.22 billion, representing a contraction of 0.09% to close at N13.35 trillion.

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

The downturn was impacted by loses recorded in large and medium capitalized stocks, amongst which are; HONYFLOUR (-6.25%), DANGSUGAR (-3.60%) GUARANTY (-2.45%), UBA (-2.33%), FBNH (-1.00%), ZENITHBANK (-0.57%) and GUINNESS (-0.35%)

Click here for more on NSE Daily Price List

 

MARKET STATISTICS

CAP N13,345,879,166,754.12 One Day (ASI CHG) -0.09%
Index 25,582.23 One Week (ASI CHG) +1.01%
Volume 254,973,889 One Month (ASI CHG) +2.16%
Value N2,000,332,242.91 Six Months (ASI CHG) -3.19%
Deals 4,699 52 Weeks (ASI CHG) -6.13%
Gainers 16 Losers 15
Unchanged 66 Total 98
    YTD -4.69%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window today (Monday) closed at 379.00/$1, unchanged against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N386.19, traded high at N394.63 and eventually closed at N386.0, representing a 0.03% appreciation against the previous day’s closing position. A total of $45.22 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate today (Monday) closed at 2.25%, unchanged against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 1.38%, representing a 0.25% depreciation against the previous day’s position.

 

FIXED INCOME
Securities Close P. Close Change
Bond 346.87 351.52 -4.65 bps
T.Bills 120.76 121.59 -0.83 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

 The NASD OTC market today (Monday) closed on a positive note as the Unlisted Securities Index (USI) closed at 725.51, representing a 1.58% appreciation against the previous day’s closing position. Similarly, Market Capitalization gained N8.30 billion closed at N532.94 billion, representing a 1.58% appreciation against the previous day’s closing position. Consequently, the aggregate volume and value increased by 830.20% and 872.29% respectively, as investors traded a total of 41,394 shares, worth N11.41 million in 6 deal.

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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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