Local Bourse Sustain Seesaw Movement, as MPC Leaves all Parameters Unchanged

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The Nigeria Stock market closed trading activities for today (Tuesday) on a negative note to reverse the previous day gain, sustaining the seesaw movement. The NSE-ASI Index and Market Capitalization dipped marginally by 0.05% as the Monetary Policy Committee left all parameters unchanged. However, the market breadth closed marginally negative, recording 19 gainers against 20 losers.

Nigerian Stock Exchange 2

NSE Trading Floor

In summary, the All-Share Index (ASI) declined by 17.90 absolute points, representing a decrease of 0.05% to close at 38,704.97 points. While the overall Market Capitalization value lost N9.36 billion, representing a rise of 0.05% to close at N20.25 trillion.

LIVESTOCK emerged as the top loser with a maximum price depreciation of -9.52%, while CAP and WAPIC emerged as the joint-top gainer (by percentage points) for today, with a maximum price appreciation of +10.00%.

Today’s market loss was driven by price depreciation in large and medium capitalized stocks amongst which are; CHAMPION(-6.25%), ETI(-5.88%), TRANSCORP(-2.41%), FLOURMILL(-2.36%), ZENITHBANK(-2.22%), JAPAULGOLD(-2.13%), UCAP(-1.92%), AFRIPRUD(-1.79%), FCMB(-1.35%), GUINNESS(-0.79%), FBNH(-0.69%), DANGSUGAR(-0.59%), and WAPCO(-0.44%). 

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MARKET STATISTICS

 

CAP N20,250,630,545,733.75 One Day (ASI CHG) -0.05%
Index 38,704.97 One Week (ASI CHG) -0.04%
Volume 410,386,365 One Month (ASI CHG) -3.61%
Value N5,984,629,207.98 Six Months (ASI CHG) +50.87%
Deals 3,937 52 Weeks (ASI CHG) +78.36%
Gainers 19 Losers 20
Unchanged 59 Total 99
YTD Returns -3.89%

Source: NSE, GTI Research 

 

FMDQ ABOUT

FOREIGN EXCHANGE

The Naira at the official rate remains unchanged to close at N379.00/$1 as against last Friday’s position.

The Investors and Exporters (I&E) FX window opened at N409.78 traded high at N412.00 and eventually closed at N409.80representing 0.08% appreciation against Monday’s position. Also, a total of $33.11 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 12.00%, representing a 2.75% depreciation against Monday’s position, while Open Buy-Back (OBB) rate closed at 11.50%,  representing a 3.00% depreciation as against Monday’s position.

Sector Performance

Security Change Percent
NSE30 -0.13
NSEBNK -0.65
NSECNSMRGDS 0.11
NSEINDUSTR 0.00
NSEINS 0.64
NSELOTUSISLM 0.01
NSEOILGAS 0.13

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
CAP 20.00 20.00 22.00 2.00 10.00
WAPIC 0.50 0.50 0.55 0.05 10.00
NPFMCRFBK 1.61 1.61 1.77 0.16 9.94
JBERGER 18.70 18.70 20.55 1.85 9.89
FTNCOCOA 0.43 0.43 0.47 0.04 9.30
MORISON 0.79 0.79 0.86 0.07 8.86
JOHNHOLT 0.49 0.49 0.53 0.04 8.16

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
LIVESTOCK 2.10 2.10 1.90 -0.20 -9.52
CHAMS 0.23 0.23 0.21 -0.02 -8.70
CORNERST 0.60 0.60 0.56 -0.04 -6.67
CHAMPION 2.24 2.24 2.10 -0.14 -6.25
ETI 5.10 5.10 4.80 -0.30 -5.88
COURTVILLE 0.21 0.21 0.20 -0.01 -4.76
MBENEFIT 0.41 0.41 0.40 -0.01 -2.44

Top 7 Traders By Volume

Security  Daily Volume   Daily Value  Close Price
DANGSUGAR    107,077,809.00    1,804,179,611.55 16.85
UBN      78,541,593.00        416,270,272.15 5.30
TRANSCORP      31,568,664.00          25,258,772.84 0.81
GUARANTY      26,829,442.00        832,283,378.55 31.05
CUSTODIAN      24,731,626.00        148,684,509.80 6.00
ZENITHBANK      22,534,634.00        498,032,106.05 22.00
STANBIC      11,353,433.00        499,767,146.95 44.05

Top 7 Traders By Value

Security  Daily Volume   Daily Value  Close Price
DANGSUGAR    107,077,809.00    1,804,179,611.55 16.85
GUARANTY      26,829,442.00        832,283,378.55 31.05
STANBIC      11,353,433.00        499,767,146.95 44.05
ZENITHBANK      22,534,634.00        498,032,106.05 22.00
NB         9,415,539.00        451,918,786.60 48.00
MTNN         2,749,869.00        432,368,246.10 157.20
UBN      78,541,593.00        416,270,272.15 5.30

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