Market performance index shed 0.48% ahead of MTN Nigeria Listing

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The Nigerian equity market extend its losing streak to eight consecutive trading days, shedding 0.48% ahead of the official listing of telecoms giant, MTN Nigeria Plc tomorrow. Today’s decline in NSE-ASI was driven by dip in all market sectors.  Market breadth also closed  negative, recording 11 gainers and 17 losers.

NSE Trading Floor

The All Share Index (ASI) shed 136.68 absolute points, representing a decline of 0.48% to close at 28,286.08 points. Similarly, Market Capitalization declined by N51.35 billion; representing a dip of 0.48% to close at N10.63 trillion.

CHAMS emerged the top gainer while WAPIC emerged as top loser.

The downtrend was impacted by losses recorded in medium and large capitalized stocks, amongst which are; FO (-9.87%), CCNN (-9.15%), DANGFLOUR (-4.41%), WEMABANK (-2.94%), ACCESS (-0.74%), FIDELITY (-0.55%), and DANGCEM (-0.28%).

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MARKET STATISTICS  

CAP N10,626,801,926,981.12 One Day (ASI CHG) -0.48%
Index 28,286.08 One Week (ASI CHG) -2.35%
Volume 176,741,695 One Month (ASI CHG) -4.10%
Value N2,076,679,999.87 Six Months (ASI CHG) -11.23%
Deals 3,294 52 Weeks (ASI CHG) -30.36%
Gainers 11 Losers 17
Unchanged 71 Total 99
  YTD Returns -10.00%  

Source: NSE, GTI Research

 

FOREIGN EXCHANGE

The Naira exchange rate at the official window remain unchanged to close at  N306.95/$1, against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N360.25, traded high at N361.50 and eventually closed at N360.54 to remain unchanged as against yesterday’s closing position. A total of $399.78 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 10.57%, representing a 2.07% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 9.86%, representing a 1.86% depreciation against yesterday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 976.87 973.33 -3.54 bps
T.Bills 499.30 491.62 -7.68 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

NASD OTC MARKET         

After today’s trading activities, the NASD market extended positive sentiment as the Unlisted Securities Index (USI) grew marginally by 0.01% to close at 765.93 points against yesterday’s index. Market Capitalization also gained by N30 million to closed at N550.27 billion. Conversely, market activities measured by aggregate volume and value declined by 99.36% and 94.18% respectively. Investors traded a total of 10,100 units of shares valued at N1.72 million in 6 deals.

Only Friesland Campina Wamco Nigeria Plc was traded on the OTC Platform today.

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Sector Performance           

Sector %    Change
NSE30 -0.31
BANKING -0.74
CONSUMER GOODS -0.07
INDUSTRIAL -2.31
INSURANCE -1.01
LOTUS ISLAMIC -0.68
OIL/GAS -1.00

Top 7 Gainers    

Company Pclose Open Close Change % Change
CHAMS 0.33 0.33 0.36 0.03 9.09
ABCTRANS 0.25 0.25 0.27 0.02 8.00
THOMASWY 0.27 0.27 0.29 0.02 7.41
VERITASKAP 0.20 0.20 0.21 0.01 5.00
MBENEFIT 0.21 0.21 0.22 0.01 4.76
JAIZBANK 0.46 0.46 0.48 0.02 4.35
UACN 7.30 7.30 7.55 0.25 3.42

Top 7 Losers           

Company Pclose Open Close Change % Change
WAPIC 0.40 0.40 0.36 -0.04 -10.00
FO 34.95 34.95 31.50 -3.45 -9.87
CHAMPION 1.43 1.43 1.29 -0.14 -9.79
CCNN 15.30 15.30 13.90 -1.40 -9.15
COURTVILLE 0.26 0.26 0.24 -0.02 -7.69
JAPAULOIL 0.30 0.30 0.28 -0.02 -6.67
STERLNBANK 2.65 2.65 2.50 -0.15 -5.66

 Top 7 Traders By Volume    

Company Volume Value(₦) Current Price
ACCESS                             35,764,152                       241,687,990 6.75
UACN                             21,513,436                       161,378,475 7.55
UBA                             18,781,253                       114,006,617 6.00
GUARANTY                             17,440,770                       551,130,400 31.60
ZENITHBANK                             12,779,530                       255,594,516 20.00
FIDELITYBK                             10,643,997                         19,406,538 1.81
JAPAULOIL                               5,798,516                           1,663,441 0.28

 Top 7 Traders By Value     

Company Volume Value(₦) Current Price
GUARANTY                             17,440,770                  551,130,400.35 31.60
NESTLE                                  255,225                  360,148,403.50 1430.00
ZENITHBANK                             12,779,530                  255,594,516.45 20.00
ACCESS                             35,764,152                  241,687,990.40 6.75
UACN                             21,513,436                  161,378,475.15 7.55
UBA                             18,781,253                  114,006,616.80 6.00
DANGFLOUR                               5,207,734                    85,037,165.80 16.25

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