Losses in Dangcem & 14 others push equity index lower by 0.96%

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The Equity Market closed negative on Friday, losing 0.96% to reverse yesterday’s positive sentiment. Market breadth closed negative, recording 14 gainers and 15 losers.

 

NSE Trading Floor

 

In summary, the All Share Index (ASI) was down by 305.90 absolute points, representing a decrease of 0.96%, closing at 31,678.70 points. Similarly, Market Capitalization decreased by N111.68 billion representing a dip of 0.96%, closing at N11.57 trillion.

HONEY FLOUR  emerged the top gainer while IKEJA HOTEL emerged the top loser.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; WAPCO (-6.67%), FLOURMILL (-3.18%), FCMB (-2.65%), DANGCEM (-2.50%), NB (-2.28%), OANDO (-2.04%), ACCESS (-1.99%), FCMB (-0.65%), UBA (-0.64%) and ZENITHBANK (-0.62%).

 

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MARKET STATISTICS

CAP N11,565,169,960,160.11 One Day (ASI CHG) 0.96
Index 31,678.70 One Week (ASI CHG) -1.18
Volume 223,844,856 One Month (ASI CHG) -4.56
Value N2,627,610,184.49 Six Months (ASI CHG) -21.10
Deals 2,819 52 Weeks (ASI CHG) -13.66
Gainers 14 Losers 15
Unchanged 71 Total 100
YTD Returns -17.17

Source: NSE, GTI Research

 

 

FOREIGN EXCHANGE

The Naira at the inter-bank rate remain unchanged to closed at N306.75  against Monday’s closing price.

The Investors and Exporters (I&E) FX window opened at N363.61, traded high at N365.00 and eventually closed at N364.70, representing a 0.16% depreciation against Thursday’s closing price. A total of $374.58 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight (O/N) rate closed at 6.58%, representing a 0.50% appreciation against Thursday’s closing position, while Open Buy-Back (OBB) rate also closed  at 5.83% representing a 0.67% appreciation against Thursday’s closing position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 845.84 843.19 -2.65 bps
T.Bills 446.71 450.06 +3.35 bps
Note: BPS=> Basis Point

Source: FMDQ, GTI Research

 

Sector Performance

Sector %    Change
NSE30 -0.86
BANKING 0.28
CONSUMER GOODS -0.60
INDUSTRIAL -2.78
INSURANCE 0.27
LOTUS ISLAMIC -0.46
OIL/GAS -0.25

 

Top 7 Gainers

Company Pclose Open Close Change % Change
HONYFLOUR 1.01 1.01 1.11 0.10 9.90
PZ 9.7 9.7 10.65 0.95 9.79
CAP 26.6 26.6 29.2 2.60 9.77
PRESTIGE 0.72 0.72 0.79 0.07 9.72
DIAMONDBNK 0.88 0.88 0.95 0.07 7.95
NNFM 5 5 5.3 0.30 6.00
UACN 9.5 9.5 9.9 0.40 4.21

 

Top 7 Losers

Company Pclose Open Close Change % Change
IKEJAHOTEL 1.85 1.85 1.67 -0.18 -9.73
UNIONDAC 0.27 0.27 0.25 -0.02 -7.41
WAPCO 15 15 14 -1.00 -6.67
FLOURMILL 20.45 20.45 19.8 -0.65 -3.18
DANGCEM 200 200 195 -5.00 -2.50
NB 83.4 83.4 81.5 -1.90 -2.28
OANDO 4.9 4.9 4.8 -0.10 -2.04

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
DIAMONDBNK                     113,309,002.00                 102,012,678.13 0.95
NB                       15,297,137.00              1,285,902,141.00 81.5
ZENITHBANK                       13,803,066.00                 331,339,164.05 24
FBNH                       11,846,447.00                   90,049,569.30 7.6
ACCESS                       11,586,333.00                   86,599,180.30 7.4
UBA                       11,279,351.00                   86,063,427.20 7.8
GUARANTY                         9,670,330.00                 351,110,381.35 36.4

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
NB                       15,297,137.00              1,285,902,141.00 81.5
GUARANTY                         9,670,330.00                 351,110,381.35 36.4
ZENITHBANK                       13,803,066.00                 331,339,164.05 24
DIAMONDBNK                     113,309,002.00                 102,012,678.13 0.95
FBNH                       11,846,447.00                   90,049,569.30 7.6
ACCESS                       11,586,333.00                   86,599,180.30 7.4
UBA                       11,279,351.00                   86,063,427.20 7.8

 

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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