Local Bourse Sustain Seesaw Movement, as MPC Leaves all Parameters Unchanged
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.
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
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 N409.80, representing 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 |
