Local bourse sustains downtrend as bearish sentiments persist

47 Views

Transactions on the Nigerian equity market today (Monday) closed on a negative note, receding by 0.29%, as the bears further exerted their grip on the market for the third consecutive trading day. The downtrend was buoyed by unrelenting sell pressure witnessed on bellwether stocks like ETI, FBNH, UBA and 8 others. Consequently, the market breadth closed on a negative note, recording 26 losers as against 11 gainers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 72.86 absolute points, representing a dip of 0.29% to close at 24,753.89 points. Similarly, the overall Market Capitalization size shed N38.02 million, representing a decrease of 0.29% to close at N12.91 trillion.

JAPAULOIL emerged as the top gainers while NEIMETH emerged as the top loser.

The downturn was impacted by losses recorded in large and medium capitalized stocks, amongst which are; HONYFLOUR (-8.33%), FLOURMILL (-3.43%), GUINNESS (-2.94%), NB (-2.63%), BUACEMENT (-2.27%), ETI (-2.00%), FBNH (-0.94%) and UBA (-0.78%).

 

Click here for more on NSE Daily Price List

 

MARKET STATISTICS

CAP N12,913,110,145,572.48 One Day (ASI CHG) -0.29%
Index 24,753.89 One Week (ASI CHG) -0.80%
Volume 124,688,442.00 One Month (ASI CHG) -1.79%
Value N1,318,622,425.63 Six Months (ASI CHG) -6.68%
Deals 3,843.00 52 Weeks (ASI CHG) -17.08%
Gainers 11 Losers 26
Unchanged 68 Total 105
YTD -7.78%

Source: NSE, GTI Research

FOREIGN EXCHANGE

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

The Investors and Exporters (I&E) FX window opened at N386.83, traded high at N390.00 and eventually closed at N386.00, representing a 0.13% appreciation against previous day’s closing position. A total of $38.12 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 15.75%, representing a 0.92% depreciation against previous day’s closing position, while Open Buy-Back (OBB) rate closed at 14.50%, representing a 0.67% depreciation against previous day’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 431.90 415.97 -15.93 bps
T.Bills 190.34 190.39 +0.05 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

 The NASD OTC market on Monday closed negatively, as the Unlisted Securities Index (USI) closed at 701.01, representing a 0.53% depreciation against previous day’s closing position. Similarly, Market Capitalization shed N2.75 billion closed at N514.94 billion, representing a 0.53% dip against previous day’s closing position. However, the aggregate volume and value decreased by 62.68% and 749.00% respectively, as investors traded a total of 5,725,510 shares, worth N18.55 million in 7 deal.

Click here for more on NASD Daily Price List

 

Sector Performance

Sector % Change
NSE30 -0.26
BANKING -0.60
CONSUMER GOODS 2.86
INDUSTRIAL -1.50
INSURANCE -0.87
LOTUS ISLAMIC 0.58
OIL/GAS -0.53

 

Top 7 Gainers

Company Pclose Open Close Change % Change
JAPAULOIL 0.23 0.23 0.25 0.02 8.70
NESTLE 1094.50 1094.50 1179.00 84.50 7.72
FIDSON 3.07 3.07 3.30 0.23 7.49
STERLNBANK 1.20 1.20 1.28 0.08 6.67
UNITYBNK 0.57 0.57 0.60 0.03 5.26
AFRIPRUD 4.00 4.00 4.21 0.21 5.25
FCMB 1.72 1.72 1.80 0.08 4.65

 

Top 7 Losers

Company Pclose Open Close Change % Change
NEIMETH 1.54 1.54 1.39 -0.15 -9.74
CUTIX 1.76 1.76 1.60 -0.16 -9.09
STANBIC 33.00 33.00 30.25 -2.75 -8.33
HONYFLOUR 1.08 1.08 0.99 -0.09 -8.33
CHAMS 0.25 0.25 0.23 -0.02 -8.00
PRESTIGE 0.48 0.48 0.45 -0.03 -6.25
TRANSCORP 0.74 0.74 0.70 -0.04 -5.41

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
JAPAULOIL                            13,610,282                          3,303,506 0.25
GUARANTY                            11,347,747                      260,464,933 22.75
ZENITHBANK                            10,426,574                      168,808,905 16.15
UBA                              7,972,458                        50,480,581 6.35
CHAMS                              7,856,800                          1,849,362 0.23
NAHCO                              7,454,422                        18,626,693 2.50
FBNH                              5,062,007                        26,710,505 5.25


Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                            11,347,747                 260,464,933.45 22.75
OKOMUOIL                              2,942,104                 188,405,673.00 64.00
NESTLE                                 154,090                 180,439,049.60 1179.00
ZENITHBANK                            10,426,574                 168,808,905.05 16.15
DANGCEM                              1,040,153                 135,404,077.10 130.00
UBA                              7,972,458                   50,480,581.10 6.35
GUINNESS                              2,244,358                   37,030,293.20 16.50

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.

You may also like...