Local bourse sustains bearish sentiment to the fifth consecutive trading day

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The  Nigerian bourse today (Wednesday) closed on a negative note, further receding by 0.39%, extending the bearish sentiment to the fifth consecutive trading day. The downtrend was driven by persistent sell pressure on bellwether stocks like ACCESS, GUARANTY and 20 others. Consequently, the market breadth closed on a negative note, recording 22 losers as against 17 gainers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 96.33 absolute points, representing a dip of 0.39% to close at 24,656.99 points. Similarly, the overall Market Capitalization size shed N49.56 million, representing a decrease of 0.38% to close at N12.86 trillion.

CHAMS emerged as the top gainers while PZ emerged as the top loser.

The downturn was impacted by losses recorded in large and medium capitalized stocks, amongst which are; PZ (-10.00%), SEPLAT (-9.98%), GUINNESS (-9.09%), NB (-3.61%), FLOURMILL (-1.00%), ACCESS (-0.75%) and GUARANTY (-0.22%).

 

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MARKET STATISTICS

CAP N12,861,532,711,935 One Day (ASI CHG) -0.39%
Index 24,654.99 One Week (ASI CHG) -1.27%
Volume 189,253,004 One Month (ASI CHG) -0.42%
Value N1,917,004,309.99 Six Months (ASI CHG) -5.50%
Deals 3,364 52 Weeks (ASI CHG) -17.29%
Gainers 17 Losers 22
Unchanged 53 Total 92
YTD -8.15%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Wednesday closed unchanged at 361.00/$1, against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N386.33, traded high at N389.20, and eventually closed at N386.20, representing a 0.14% depreciation against the previous day’s closing position. A total of $90.88 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 15.75%, representing a 0.08% appreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 14.67%, unchanged against the previous day’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 378.67 388.69 +10.02 bps
T.Bills 191.35 192.32 +0.97 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

 The NASD OTC market on Wednesday closed higher, as the Unlisted Securities Index (USI) closed at 709.11, representing a 1.16% appreciation against the previous day’s closing position. Similarly, Market Capitalization gained N5.95 billion closed at N520.89 billion, representing a 1.15% appreciation against the previous day’s closing position. Consequently, the aggregate volume and value increased by 180.94% and 1.30% respectively, as investors traded a total of 23,950 shares, worth N2.07 million in 5 deal.

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Sector Performance

Sector % Change
NSE30 -0.47
BANKING 0.24
CONSUMER GOODS -1.63
INDUSTRIAL 0.00
INSURANCE 0.87
LOTUS ISLAMIC -0.02
OIL/GAS -4.11

 

Top 7 Gainers

Company Pclose Open Close Change % Change
NAHCO 2.51 2.51 2.66 0.15 5.98
ZENITHBANK 16.25 16.25 16.40 0.15 0.92
CAVERTON 1.90 1.90 1.99 0.09 4.74
CHAMPION 0.88 0.88 0.95 0.07 7.95
AIICO 0.90 0.90 0.96 0.06 6.67
ETI 4.65 4.65 4.70 0.05 1.08
FIDELITYBK 1.73 1.73 1.78 0.05 2.89

 

Top 7 Losers

Company Pclose Open Close Change % Change
PZ 4.50 4.50 4.05 -0.45 -10.00
SEPLAT 428.80 428.80 386.00 -42.80 -9.98
INTBREW 4.55 4.55 4.10 -0.45 -9.89
ARBICO 2.09 2.09 1.89 -0.20 -9.57
NEIMETH 1.26 1.26 1.14 -0.12 -9.52
GLAXOSMITH 6.45 6.45 5.85 -0.60 -9.30
GUINNESS 16.50 16.50 15.00 -1.50 -9.09

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
FBNH                            44,445,414                      241,094,639 5.30
ZENITHBANK                            21,345,619                      349,374,624 16.40
ACCESS                            18,872,401                      124,611,634 6.60
JAPAULOIL                            10,837,862                          2,643,165 0.26
UBA                              9,693,091                        61,079,143 6.30
FIDELITYBK                              6,360,417                        11,007,495 1.78
GUINNESS                              6,119,925                        92,184,748 15.00


Top 7 Traders By Value

Company Volume Value(₦) Current Price
ZENITHBANK                            21,345,619                 349,374,624.20 16.40
FBNH                            44,445,414                 241,094,639.15 5.30
SEPLAT                                 624,302                 240,980,572.00 386.00
NB                              5,331,647                 186,452,258.85 34.70
ACCESS                            18,872,401                 124,611,633.90 6.60
DANGCEM                                 888,653                 113,657,541.80 130.00
MTNN                                 888,387                 104,813,589.20 118.00

 

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