Local bourse sustains seesaw movement, sheds 0.54%
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 |
