Local bourse shed 0.07% to extend negative sentiment
Transactions on the Local Bourse today (Wednesday), closed on a negative note to extend prior day bearish sentiment, as the market performance indices, the All -Share Index (ASI) and Market Capitalization fell by 0.07% on the back of profit-taking of some highly capitalized stocks. Furthermore, the market breadth closed negatively, recording 17 gainers and 22 losers.
NSE Trading Floor
In summary, the All-Share Index (ASI) shed 29.03 absolute points, representing a loss of 0.07% to close at 40,465.32 points. While the overall Market Capitalization value lost N15.19 billion, representing a decline of 0.07% to close at N21.17 trillion.
JBERGER emerged as top gainer with a price appreciation of +9.73%, while BETAGLASS emerged as top losers’ (by percentage points) for today, with the price depreciation of -9.75%.
Today’s market loss was driven by price depreciation in large and medium capitalized stocks amongst which are; JAPAULGOLD(-8.86%), FIDSON(-8.55%), VITAFOAM(-7.56%), TRANSCORP(-5.05%), UACN(-3.61%), GUINNESS(-3.41%), FCMB(-3.03%), ACCESS(-1.78%), BUACEMENT(-1.77%), FIDELITY(-1.61%), AFRIPRUD(-0.72%) and UBA(-0.05%).
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MARKET STATISTICS
| CAP | N21,169,200,087,257.57 | One Day (ASI CHG) | -0.07% | |
| Index | 40,465.32 | One Week (ASI CHG) | -0.57% | |
| Volume | 244,202,231.00 | One Month (ASI CHG) | -1.73% | |
| Value |
|
Six Months (ASI CHG) | +61.01% | |
| Deals |
|
52 Weeks (ASI CHG) | +46.77% | |
| Gainers | 17 | Losers | 22 | |
| Unchanged | 66 | Total | 105 | |
| YTD Returns | +0.48% |
Source: NSE, GTI Research
FOREIGN EXCHANGE
The Naira at the official rate remains unchanged to close at N379.00/$1 as against Tuesday’s position.
The Investors and Exporters (I&E) FX window opened at N406.76 traded high at N423.15 and eventually closed at N410, representing 0.08% depreciation against yesterday’s position. A total of $40.79 million was transacted through the I&E window today.
MONEY MARKET
Overnight(O/N) rate closed at 2.25%, representing a 50% depreciation against yesterday’s position, while Open Buy-Back (OBB) rate closed at 2.00%, representing a 50% depreciation as against yesterday’s position.
Sector Performance
| Security | Change Percent |
| NSE30 | -0.22 |
| NSEBNK | -0.24 |
| NSECNSMRGDS | -0.07 |
| NSEINDUSTR | -0.8 |
| NSEINS | 1.92 |
| NSELOTUSISLM | 0 |
| NSEOILGAS | 0.2 |
Top 7 Gainers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| JBERGER | 18.5 | 18.5 | 20.30 | 1.80 | 9.73 |
| HONYFLOUR | 1.25 | 1.25 | 1.37 | 0.12 | 9.60 |
| CORNERST | 0.54 | 0.54 | 0.59 | 0.05 | 9.26 |
| UPDCREIT | 5.4 | 5.4 | 5.80 | 0.40 | 7.41 |
| WAPIC | 0.55 | 0.55 | 0.59 | 0.04 | 7.27 |
| PRESTIGE | 0.43 | 0.43 | 0.46 | 0.03 | 6.98 |
| PREMPAINTS | 9.4 | 9.4 | 10.00 | 0.60 | 6.38 |
Top 7 Losers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| BETAGLAS | 55.4 | 55.4 | 50.00 | – 5.40 | – 9.75 |
| JAPAULGOLD | 0.79 | 0.79 | 0.72 | – 0.07 | – 8.86 |
| FIDSON | 5.85 | 5.85 | 5.35 | – 0.50 | – 8.55 |
| CHIPLC | 0.38 | 0.38 | 0.35 | – 0.03 | – 7.89 |
| VITAFOAM | 8.6 | 8.6 | 7.95 | – 0.65 | – 7.56 |
| ROYALEX | 0.27 | 0.27 | 0.25 | – 0.02 | – 7.41 |
| TRANSCORP | 0.99 | 0.99 | 0.94 | – 0.05 | – 5.05 |
Top 7 Traders By Volume
| Security | Daily Volume | Daily Value | Close Price |
| FBNH | 52,314,949 | 381,498,896.70 | 7.35 |
| TRANSCORP | 24,806,051 | 23,818,869.74 | 0.94 |
| GUARANTY | 16,531,225 | 512,526,034.55 | 30.9 |
| ZENITHBANK | 13,978,034 | 349,274,921.45 | 25 |
| VITAFOAM | 12,080,348 | 94,518,816.25 | 7.95 |
| UNIVINSURE | 11,696,654 | 2,339,330.80 | 0.2 |
| UCAP | 9,894,099 | 59,059,280.99 | 6 |
Top 7 Traders By Value
| Security | Daily Volume | Daily Value | Close Price |
| MTNN | 3,073,565 | 557,108,862.10 | 181.7 |
| GUARANTY | 16,531,225 | 512,526,034.55 | 30.9 |
| FBNH | 52,314,949 | 381,498,896.70 | 7.35 |
| ZENITHBANK | 13,978,034 | 349,274,921.45 | 25 |
| VITAFOAM | 12,080,348 | 94,518,816.25 | 7.95 |
| UBA | 9,306,532 | 78,734,218.95 | 8.4 |
| UCAP | 9,894,099 | 59,059,280.99 | 6 |
