Local bourse sustains seesaw movement, sheds 0.54%

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The Nigeria equity market today (Tuesday) closed on a negative note with a dip 0.54%, sustaining a seesaw movement of five consecutive days of alternating losses and gains, following value decline on some bellwether stocks like TOTAL, GUARANTY, MTNN and 14 others. Consequently, the market breadth closed on a negative note, recording 17 losers as against 14 gainers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 133.45 absolute points, representing a dip of 0.54% to close at 24,650.16 points. Similarly, the overall Market Capitalization size shed N69.61 billion, representing a contraction of 0.54% to close at N12.86 trillion

BERGER & MBENEFIT emerged as the top gainers while TOTAL emerged as the top loser.

The downturn was impacted by loses recorded in large and medium capitalized stocks, amongst which are; TOTAL (-9.95%), SEPLAT (-7.82%), PZ (-3.70%), GUARANTY (-3.00%), GUINNESS (-1.82%), MTNN (-1.67%), ETI (-1.16%) and FBNH (-1.00%).

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MARKET STATISTICS

CAP N12,858,982,827,133.20 One Day (ASI CHG) -0.54%
Index 24,650.16 One Week (ASI CHG) +1.97%
Volume 150,398,795 One Month (ASI CHG) -0.72%
Value N1,977,994,771.20 Six Months (ASI CHG) -16.09%
Deals 3,780 52 Weeks (ASI CHG) -11.93%
Gainers 14 Losers 17
Unchanged 65 Total 96
YTD -8.17%

Source: NSE, GTI Research

FOREIGN EXCHANGE

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

The Investors and Exporters (I&E) FX window opened at N388.44, traded high at N390.00, and eventually closed at N389.50, representing a 0.06% depreciation against the previous day’s closing position. A total of $38.86 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 2.00%, representing a 0.13% appreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 1.33%, representing a 0.21% appreciation against the previous day’s position.

 

FIXED INCOME
Securities Close P. Close Change
Bond 297.37 308.14 -10.77 bps
T.Bills 175.29 176.60 -1.31 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

 The NASD OTC market today (Tuesday) closed on a positive note as the Unlisted Securities Index (USI) closed at 705.59, representing a 0.41% appreciation against the previous day’s closing position. Similarly, Market Capitalization gained N2.11 billion to close at N516.19 billion, representing a 0.41% appreciation against the previous day’s closing position. However, the aggregate volume and value decreased by 62.83% and 49.21% respectively, as investors traded a total of 419,121 shares, worth N17.09 million in 10 deal.

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Sector Performance

Sector % Change
NSE30 -0.66
BANKING -0.45
CONSUMER GOODS -0.13
INDUSTRIAL 0.00
INSURANCE 0.43
LOTUS ISLAMIC -0.33
OIL/GAS -5.20

 

Top 7 Gainers

Company Pclose Open Close Change % Change
MBENEFIT 0.20 0.20 0.22 0.02 10.00
BERGER 5.50 5.50 6.05 0.55 10.00
UNITYBNK 0.57 0.57 0.62 0.05 8.77
OKOMUOIL 70.50 70.50 74.95 4.45 6.31
OANDO 2.15 2.15 2.27 0.12 5.58
COURTVILLE 0.20 0.20 0.21 0.01 5.00
UCAP 2.77 2.77 2.86 0.09 3.25

 

Top 7 Losers

Company Pclose Open Close Change % Change
TOTAL 97.50 97.50 87.80 -9.70 -9.95
SEPLAT 312.70 312.70 282.00 -30.70 -9.82
NPFMCRFBK 1.42 1.42 1.31 -0.11 -7.75
UACN 7.30 7.30 6.80 -0.50 -6.85
JBERGER 16.00 16.00 15.00 -1.00 -6.25
JAIZBANK 0.60 0.60 0.57 -0.03 -5.00
NAHCO 2.20 2.20 2.10 -0.10 -4.55

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
MBENEFIT                            26,924,061                          5,558,993 0.22
FBNH                            17,036,839                        84,157,812 4.95
ACCESS                            11,238,306                        69,798,078 6.30
WAPCO                            10,612,230                      130,778,452 12.00
GUARANTY                              8,452,972                      190,443,564 22.60
MTNN                              7,957,736                      939,527,773 118.00
ZENITHBANK                              6,632,552                      107,672,808 16.35

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
MTNN                              7,957,736                 939,527,773.30 118.00
GUARANTY                              8,452,972                 190,443,564.30 22.60
WAPCO                            10,612,230                 130,778,452.10 12.00
ZENITHBANK                              6,632,552                 107,672,807.70 16.35
FBNH                            17,036,839                   84,157,812.05 4.95
ACCESS                            11,238,306                   69,798,077.90 6.30
SEPLAT                                 232,195                   67,106,429.60 282.00

 

 


 

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