Market Capitalization edges lower, Sheds 2.12% to close at N11.85 trillion.

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The Equity Market closed lower today, shedding 2.12% to extend yesterday’s negative sentiment. The sell pressure resulted in the Market capitalization falling to N11.85 trillion against N12.11 trillion recorded yesterday. Market breadth closed negative, recording 15 gainers and 30 losers.

 

NSE Trading Floor

 

In summary, the All Share Index (ASI) was down by 701.61 absolute points, representing a decrease of 2.12%, closing at 33,466.27 points. Similarly, the Market Capitalization decreased by N256.14 billion, representing a dip of 2.12%, closing at N11.85 trillion.

REGALINS emerged the top gainer while STANBIC emerged the top loser.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; DANGFLOUR (-9.77%), HONYFLOUR (-7.76%), NB (-6.36%), GUINNESS (-5.19%), FLOURMILL (-4.20%), PZ (-3.91%), DANGSUGAR (-3.50%), DANGCEM (-3.24%), FBNH (-3.03%), GUARANTY (-1.32%), UBA (-1.25%), UNILEVER (-1.17%), ZENITHBANK (-0.84%) and ACCESS (-0.63%).

 

MARKET STATISTICS

CAP N11,852,696,066,114.15 One Day (ASI CHG) -2.12
Index 32,466.27 One Week (ASI CHG) +0.19
Volume 212,509,350 One Month (ASI CHG) -0.92
Value N3,765,458,924.20 Six Months (ASI CHG) -21.33
Deals 3,211 52 Weeks (ASI CHG) -11.49
Gainers 15 Losers 30
Unchanged 49 Total 94
YTD Returns -15.11

Source: NSE, GTI Research

 

 

 

FOREIGN EXCHANGE

The Naira at the inter-bank rate closed unchanged at N306.60, against yesterday’s closing price.

The Investors and Exporters (I&E) FX window opened at N363.39, traded high at N364.90 and eventually closed at N364.90, representing a 0.07% appreciation against yesterday’s closing price. A total of $449.66 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight (O/N) rate closed at 4.92%, representing a 5.42% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate  closed  at 4.33% representing a 5.17% depreciation against yesterday’s closing position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 839.40 833.12 -6 bps
T.Bills 412.75 414.42 +2 bps
Note: BPS=> Basis Point

Source: FMDQ, GTI Research

 

SECTOR PERFORMANCE

Sector %    Change
NSE30 -2.11
BANKING -0.92
CONSUMER GOODS -1.56
INDUSTRIAL -2.04
INSURANCE -0.39
LOTUS ISLAMIC -1.64
OIL/GAS 0.74

 

TOP 7 GAINERS

Company Pclose Open Close Change % Change
REGALINS 0.2 0.2 0.22 0.02 10.00
INTBREW 30.5 30.5 33.55 3.05 10.00
AIRSERVICE 6 6 6.6 0.6 10.00
LINKASSURE 0.63 0.63 0.69 0.06 9.52
JAIZBANK 0.46 0.46 0.5 0.04 8.70
CILEASING 2.6 2.6 2.8 0.2 7.69
MBENEFIT 0.28 0.28 0.3 0.02 7.14

 

 

TOP 7 LOSERS

Company Pclose Open Close Change % Change
UNIONDAC 0.3 0.3 0.27 -0.03 -10.00
STANBIC 52.5 52.5 47.25 -5.25 -10.00
DANGFLOUR 6.65 6.65 6 -0.65 -9.77
GLAXOSMITH 12.3 12.3 11.1 -1.2 -9.76
FIDSON 5.4 5.4 4.9 -0.5 -9.26
HONYFLOUR 1.16 1.16 1.07 -0.09 -7.76
NIGERINS 0.28 0.28 0.26 -0.02 -7.14

 

TOP 7 TRADERS BY VALUE

Company Volume Value(₦) Current Price
GUARANTY                       43,586,339.00              1,634,740,682.80 37.5
ZENITHBANK                       29,564,439.00                 695,773,662.50 23.5
NB                         6,584,307.00                 572,828,896.20 82.4
NESTLE                            234,411.00                 321,507,796.10 1380
FBNH                       13,980,629.00                 114,517,262.80 8
GUINNESS                         1,072,329.00                   78,314,040.70 73
UNILEVER                            799,340.00                   33,698,854.35 42.1

 

TOP 7 TRADERS BY VOLUME

Company Volume Value(₦) Current Price
GUARANTY                       43,586,339.00              1,634,740,682.80 37.5
ZENITHBANK                       29,564,439.00                 695,773,662.50 23.5
FCMB                       22,185,766.00                   33,640,587.31 1.49
FIDELITYBK                       15,225,498.00                   30,550,831.10 2.04
FBNH                       13,980,629.00                 114,517,262.80 8
HONYFLOUR                       12,203,709.00                   13,046,838.70 1.07
WAPIC                         9,008,373.00                     3,606,049.20 0.4

GTI

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