MEYER Starts New Week as Top Gainer, Posts 8.77%

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The Nigeria equity market closed the first trading activities of the week (Monday) on a bearish note, to halt the gaining streak from the previous week. The negative sentiment was due to investors’ sell-off in low and large capitalized stocks. Hence, the year-to-date (YTD) stood at -4.28. Consequently, the market indicators (NGX-ASI and capitalization) declined by 0.27%. However, the market breadth closed positively recording 18 gainers against 17 losers.

Nigerian Stock Exchange 2

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 103.61 absolute points, representing a decline of 0.27% to close at 38,545.30 points. Similarly, the overall Market Capitalization value lost N54.00 billion, representing a decrease of 0.27% to close at N20.09 trillion.

MEYER emerged as the top gainer (by percentage points) for today, with a maximum price appreciation of +8.77 while FIDSON emerged as a  top loser (by percentage points) with a maximum price depreciation of -9.80%.

Today’s market downturn was driven by price depreciation in large and medium capitalized stocks amongst which are; FIDSON(9.80%), LASACO(-9.33%), FTNCOCOA(-9.09%), MBENEFIT(-8.89%) ROYALEX(-4.17%), WAPIC(-3.51%), CHIPLC(-2.99%), JAPAULGOLD(-2.00%), OANDO(-1.68%), AFRIPRUD(-1.56%), FCMB(-1.25%), TRANSCORP(-1.09%), ETI(-0.96%) and DANGSUGAR(-0.28%).

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MARKET STATISTICS

CAP N20,089,160,554,147.89 One Day (ASI CHG) -0.27%
Index 38,545.30 One Week (ASI CHG) -1.56%
Volume 209,212,596.00 One Month (ASI CHG) +0.58%
Value N1,763,266,553.62 Six Months (ASI CHG) +2.94%
Deals 3,390.00 52 Weeks (ASI CHG) +55.26%
Gainers 18 Losers 17
Unchanged 68 Total 103
YTD Returns -4.28%

Source: Ngxgroup.com, GTI Research 

Sector Performance

Security Change Percent
NSE30 0.08
NSEBNK 0.11
NSECNSMRGDS 0.06
NSEINDUSTR 0.03
NSEINS -1.13
NSELOTUSISLM 0.00
NSEOILGAS -0.07

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
MEYER 0.57 0.57 0.62 0.05         8.77
CHAMPION 1.98 1.98 2.1 0.12         6.06
JBERGER 19.1 19.1 20 0.9         4.71
REGALINS 0.5 0.5 0.52 0.02         4.00
IKEJAHOTEL 0.94 0.94 0.97 0.03         3.19
HONYFLOUR 1.4 1.45 1.44 0.04         2.86
VITAFOAM 12.1 12.1 12.4 0.3         2.48

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
FIDSON 5.1 5.1 4.6 -0.5 –       9.80
LASACO 1.5 1.5 1.36 -0.14 –       9.33
FTNCOCOA 0.33 0.33 0.3 -0.03 –       9.09
MBENEFIT 0.45 0.45 0.41 -0.04 –       8.89
CORNERST 0.58 0.58 0.55 -0.03 –       5.17
ROYALEX 0.72 0.72 0.69 -0.03 –       4.17
SOVRENINS 0.26 0.26 0.25 -0.01 –       3.85

Top 7 Traders By Volume

Security Close Price  Daily Volume   Daily Value 
ACCESS 8.55   22,719,611   193,988,537.35
MANSARD 0.9   16,700,986     15,046,288.96
ZENITHBANK 23.9   16,144,873   384,583,513.35
MBENEFIT 0.41   14,685,025       6,036,206.91
CHAMS 0.2   13,478,252       2,703,150.40
STERLNBANK 1.61     9,898,910     15,558,820.06
SOVRENINS 0.25     9,507,150       2,570,002.00

Top 7 Traders By Value

Security Close Price  Daily Volume   Daily Value 
ZENITHBANK 23.9   16,144,873   384,583,513.35
ACCESS 8.55   22,719,611   193,988,537.35
SEPLAT 700        230,347   158,943,287.60
DANGSUGAR 17.7     8,368,160   147,684,715.60
STANBIC 39.9     3,596,462   143,438,281.75
NB 59     2,001,001   118,183,551.15
FLOURMILL 29.9     3,339,830     99,791,375.00

 

MONEY MARKET 21062021

MONEY MARKET

The overnight (O/N) rate closed at 19.00%, representing a 0.25% decline against Friday’s position. while Open Buy-Back (OBB) rate closed at 18.50%, representing 0.25% depreciation against Friday’s position.

 

FOREIGN EXCHANGE 21062021

FOREIGN EXCHANGE

The Investors and Exporters (I&E) FX window opened at N411.58, traded high at N413.67, traded low at N396.45, and eventually closed at N411.67 depreciating by 0.16% against Friday’s closing position. However, the naira weakened at the parallel market by N5.00 to N490.00 on Monday from N485.00 on Friday.

 

FOREIGN RESERVE 21062021

FOREIGN RESERVE

Nigeria’s foreign reserve declined by $31.55 million to $33.76 billion on (18/06/2021) from $33.79 billion on (17/06/2021), representing a 0.09% decline.

CRUDE OIL 21062021

CRUDE OIL

The Brent Crude appreciated by $0.54 on Monday to $74.05 from $73.51 it closed with on Friday, representing a 0.73% increase in price. Similarly, Bonny Light increased by $0.68 on Monday to $73.72 from $73.04 on Friday, representing a 0.93% increase in price

 

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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