Local bourse reversed Friday’s gain with a dip of 2.24%.

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The Nigerian equity market today (Monday) began the trading week southward, as Market Cap dipped by 2.24%, following sell-off on DANGSUGAR, ZENITHBANK among others. Consequently, the market breadth closed negatively, recording 25 losers as against 9 gainers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 497.45 absolute points, representing a dip of 2.24% to close at 21,700.98 points.

NEIMEITH emerged as the top gainer while UBA & 5 others emerged as the top losers.

The downturn was impacted by loses recorded in large and medium capitalized stocks, amongst which are; UBA (-10.00%), DANGSUGAR (-10.00%), NB (-10.00%), ZENITHBANK (-9.70%), ACCESS (-7.69%) and FBNH (+3.75%).

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MARKET STATISTICS

CAP One Day (ASI CHG) -2.24%
Index 21700.98 One Week (ASI CHG) -4.42%
Volume One Month (ASI CHG) -19.75%
Value Six Months (ASI CHG) -21.52%
Deals 52 Weeks (ASI CHG) -30.09%
Gainers 9 Losers 25
Unchanged 62 Total 96
-19.15%

Source: NSE, GTI Research

 

 

FOREIGN EXCHANGE

The Naira at the official window on Monday closed at 360.00/$1, representing a 0.28% appreciation Friday’s position.

The Investors and Exporters (I&E) FX window opened at N380.55, traded high at N382.00 and eventually closed at N380.75, representing 2.35% depreciation against Friday’s closing position. A total of $501.03 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 6.93%, representing a 1.63% appreciation against Friday’s closing position, while Open Buy-Back (OBB) rate closed at 6.00%, representing 1.20% appreciation against Friday’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 611.73 602.82 -8.91 bps
T.Bills 682.12 683.39 +1.27 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

The NASD OTC market on Monday closed higher as the Unlisted Securities Index (USI) closed at 690.98, against Friday’s closing position. Similarly, Market Capitalization closed higher at N507.57 billion, against Friday’s position. Consequently, the aggregate volume and value increased by 548.23% and 4,719.66%, as investors traded a total of 472,305 volume of shares, valued at N20.37 in 19 deals.

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Sector Performance

Sector % Change
NSE30 -2.63
BANKING -9.00
CONSUMER GOODS -3.61
INDUSTRIAL -0.79
INSURANCE -1.47
LOTUS ISLAMIC -0.44
OIL/GAS -0.83

 

Top 7 Gainers

Company Pclose Open Close Change % Change
NEIMETH 0.40 0.44 0.04 10.00 0.44
MAYBAKER 1.79 1.79 0.16 8.94 1.91
CUSTODIAN 5.20 5.20 0.45 8.65 5.56
FLOURMILL 19.30 19.30 1.50 7.77 19.36
CAP 19.50 19.50 1.50 7.69 20.61
CUTIX 1.16 1.16 0.04 3.45 1.10
FIDELITYBK 1.69 1.69 0.05 2.96 1.69

 

Top 7 Losers

Company Pclose Open Close Change % Change
DANGSUGAR 10.00 10.00 9.00 -1.00 -10.00
NB 30.00 30.00 27.00 -3.00 -10.00
STANBIC 26.50 26.50 23.85 -2.65 -10.00
WEMABANK 0.50 0.50 0.45 -0.05 -10.00
UBA 5.00 5.00 4.50 -0.50 -10.00
UCAP 2.41 2.41 2.17 -0.24 -9.96
GUARANTY 18.60 18.60 16.75 -1.85 -9.95


Top 7 Traders By Volume

Company Volume Value(₦) Current Price
ZENITHBANK                          120,456,307                   1,302,219,999 10.70
GUARANTY                            63,272,926                   1,062,648,920 16.75
FBNH                            46,675,185                      176,055,185 3.85
ACCESS                            31,009,236                      173,184,345 5.40
UBA                            29,162,562                      136,019,415 4.50
TRANSCORP                            24,570,849                        13,413,524 0.56
FCMB                            20,622,828                        31,821,915 1.55

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
ZENITHBANK                          120,456,307              1,302,219,999.35 10.70
GUARANTY                            63,272,926              1,062,648,919.75 16.75
MTNN                              2,424,029                 242,011,286.40 103.00
STANBIC                              8,275,165                 197,876,028.20 23.85
FBNH                            46,675,185                 176,055,184.95 3.85
ACCESS                            31,009,236                 173,184,344.70 5.40
UBA                            29,162,562                 136,019,415.05 4.50

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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