Losses in Dangcem & 15 others drag market to shed 0.86%

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The stock market closed lower, shedding 0.86% due to losses in DangCem and 15 others. Market breadth closed positive, recording 30 gainers and 16 losers.

NSE Trading Floor

In summary, the All Share Index (ASI) was down by 274.38 absolute points, representing a decrease of 0.86%, closing at 31,692.63 points. Similarly, Market Capitalization decreased by N100.22 billion representing a dip of 0.86%, closing at N11.58 trillion.

CONOIL emerged the top gainer while UACN emerged the top loser.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; UACN (-10.00%), WEMABANK (-8.20%), FBNH (-4.65%), DANGCEM (-3.25%), ACCESS (-2.78%), FLOURMILL (-2.09%), DANGFLOUR (-0.72%) and DANGSUGAR (-0.32%).

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MARKET STATISTICS

CAP N11,576,320,852,242.88 One Day (ASI CHG) -0.86
Index 31,692.63 One Week (ASI CHG) +2.89
Volume 452,260,727 One Month (ASI CHG) +1.66
Value N2,608,644,671.40 Six Months (ASI CHG) -16.52
Deals 3,520 52 Weeks (ASI CHG) -16.36
Gainers 30 Losers 16
Unchanged 50 Total 96
  YTD Returns -17.13  

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the inter-bank rate depreciated by 0.02% from Monday’s closing position of N306.95 to close at N307.00

The Investors and Exporters (I&E) FX window opened at N364.45, traded high at N365.50 and eventually closed at N364.35, to remain unchanged against Monday’s closing price. A total of $133.50 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 13.25%, representing a 0.50% depreciation against Monday’s closing position, while Open Buy-Back (OBB) rate also closed at 12.50% representing a 0.17% depreciation against Monday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 852.36 850.97 -1.39bps
T.Bills 587.00 586.51 -0.49 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

Sector Performance

Sector %    Change
NSE30 -0.50
BANKING 0.23
CONSUMER GOODS 0.04
INDUSTRIAL -2.11
INSURANCE -0.69
LOTUS ISLAMIC -1.04
OIL/GAS 1.27

Top 7 Gainers

Company Pclose Open Close Change % Change
CONOIL 21 21 23.1 2.10 10.00
MBENEFIT 0.2 0.2 0.22 0.02 10.00
NPFMCRFBK 1.5 1.5 1.65 0.15 10.00
FO 31.25 31.25 34.35 3.10 9.92
TRANSCORP 1.22 1.22 1.34 0.12 9.84
DIAMONDBNK 1.65 1.65 1.81 0.16 9.70
LEARNAFRCA 1.38 1.38 1.51 0.13 9.42

Top 7 Losers

Company Pclose Open Close Change % Change
UACN 12 12 10.8 -1.20 -10.00
NEM 2.95 2.95 2.68 -0.27 -9.15
NIGERINS 0.24 0.24 0.22 -0.02 -8.33
WEMABANK 0.61 0.61 0.56 -0.05 -8.20
UPL 2.12 2.12 2 -0.12 -5.66
NCR 6.3 6.3 6 -0.30 -4.76
FBNH 8.6 8.6 8.2 -0.40 -4.65

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
MEDVIEWAIR                      146,944,985.00                  293,889,970.00 2.00
NEM                        45,990,553.00                  135,556,814.04 2.68
TRANSCORP                        37,501,136.00                    48,948,271.48 1.34
FIDELITYBK                        30,716,433.00                    61,077,956.47 2.04
ACCESS                        30,414,804.00                  212,967,504.65 7.00
FCMB                        29,005,312.00                    54,176,689.97 1.89
ZENITHBANK                        27,934,160.00                  646,186,224.95 23.30

Top 7 Traders By Value

Company Volume Value(₦) Current Price
ZENITHBANK                        27,934,160.00                  646,186,224.95 23.30
GUARANTY                        10,049,878.00                  345,602,958.40 34.40
MEDVIEWAIR                      146,944,985.00                  293,889,970.00 2.00
NB                          2,595,332.00                  214,102,888.00 82.50
ACCESS                        30,414,804.00                  212,967,504.65 7.00
NEM                        45,990,553.00                  135,556,814.04 2.68
FO                          3,574,349.00                  122,778,888.15 34.35

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