Local bourse sustains previous negative sentiment, sheds 0.07%

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The Nigeria equity market today (Monday) began the trading week lower with a dip of  0.07%, extending the previous negative sentiment to two consecutive trading days. The downturn was driven by persistent profit-taking on some bellwether stocks like ACCESS, FBNH, ZENITHBANK and 10 other. Consequently, the market breadth closed on a negative note, recording 13 losers as against 12 gainers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 18.08 absolute points, representing a dip of 0.07% to close at 24,269.58 points. Similarly, the overall Market Capitalization size shed N9.43 billion, representing a contraction of 0.07% to close at N12.66 trillion

GLAXOSMITH emerged as the top gainer while NEIMETH emerged as the top loser.

The downturn was impacted by loses recorded in large and medium capitalized stocks, amongst which are; ETI (-2.30%), ACCESS (-1.61%), FBNH (-1.00%), ZENITHBANK (-0.63%) and OANDO (-0.43%).

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MARKET STATISTICS

CAP N12,660,450,297,282.43 One Day (ASI CHG) -0.07%
Index 24,269.58 One Week (ASI CHG) +0.29%
Volume 305,103,325 One Month (ASI CHG) -2.24%
Value N2,100,198,655.28 Six Months (ASI CHG) -18.31%
Deals 3,258 52 Weeks (ASI CHG) -12.90%
Gainers 12 Losers 13
Unchanged 71 Total 96
YTD -9.58%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Monday closed at 381.00/$1, unchanged against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N388.40, traded high at N390.50, and eventually closed at N388.50, unchanged against the previous day’s closing position. A total of $37.04 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 10.67%, representing an 11.08% depreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 9.17%, representing an 11.17% depreciation against the previous day’s position.

 

FIXED INCOME
Securities Close P. Close Change
Bond 320.44 317.39 +3.05 bps
T.Bills 219.27 219.07 +0.20 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

 The NASD OTC market today (Monday) closed on a positive note, as the Unlisted Securities Index (USI) closed at 706.64, representing a 0.03% appreciation against the previous day’s closing position. Similarly, Market Capitalization gained N150.00 million closed at N519.08 billion, representing a 0.03% appreciation against the previous day’s closing position. However, the aggregate volume and value decreased by 91.76% and 95.70% respectively, as investors traded a total of 61,840 shares, worth N6.77 million in 16 deal.

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Sector Performance

Sector % Change
NSE30 -0.10
BANKING -0.45
CONSUMER GOODS 0.00
INDUSTRIAL -0.01
INSURANCE 0.36
LOTUS ISLAMIC 0.04
OIL/GAS 0.32

 

Top 7 Gainers

Company Pclose Open Close Change % Change
GLAXOSMITH 4.75 4.75 5.20 0.45 9.47
FIDSON 2.65 2.65 2.90 0.25 9.43
LINKASSURE 0.32 0.35 0.35 0.03 9.38
UNITYBNK 0.45 0.45 0.49 0.04 8.89
ARDOVA 12.55 12.55 13.45 0.90 7.17
JAPAULOIL 0.22 0.22 0.23 0.01 4.55
REGALINS 0.22 0.22 0.23 0.01 4.55

 

Top 7 Losers

Company Pclose Open Close Change % Change
NEIMETH 1.50 1.50 1.35 -0.15 -10.00
CUTIX 1.82 1.82 1.64 -0.18 -9.89
CHAMS 0.23 0.23 0.22 -0.01 -4.35
LASACO 0.26 0.26 0.25 -0.01 -3.85
STERLNBANK 1.25 1.25 1.21 -0.04 -3.20
ETI 4.35 4.35 4.25 -0.10 -2.30
JAIZBANK 0.56 0.56 0.55 -0.01 -1.79

 

Top 7 Traders By VolumeTop

Company Volume Value(₦) Current Price
GLAXOSMITH                                            5                                        5 5.20
FIDSON                                            3                                        3 2.90
LINKASSURE                                            0                                        0 0.35
UNITYBNK                                            0                                        0 0.49
ARDOVA                                          13                                      13 13.45
JAPAULOIL                                            0                                        0 0.23
REGALINS                                            0                                        0 0.23

 

7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                            36,971,963                 795,131,780.25 21.50
UBA                            70,708,777                 441,887,617.10 6.15
NB                              7,692,207                 230,911,748.35 30.00
ZENITHBANK                            14,190,797                 222,643,702.95 15.65
FLOURMILL                              5,548,732                   94,366,166.80 17.00
FBNH                            10,971,449                   54,723,378.35 4.95
MTNN                                 216,898                   25,835,769.90 118.00

 

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.

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