MTNN & 16 others led Nigerian Stocks to sustain seesaw movement, sheds 0.44%

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The Nigeria equity market today (Monday) closed in the southwards position, shedding 0.44%, to sustain a seesaw movement of alternating gains and losses of four consecutive trading days, following sell pressure on some blue-chip stocks like MTNN, ZENITHBANK, ACCESS and 14 other. Consequently, the market breadth closed on a negative note, recording 17 losers as against 14 gainers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 105.76 absolute points, representing a dip of 0.44% to close at 24,200.60 points. Similarly, the overall Market Capitalization size shed N55.17 billion, representing a decrease of 0.44% to close at N12.62 trillion.

NPFMCRFBK emerged as the top gainer while MOBIL emerged as the top loser.

The downturn was impacted by losses recorded in large and medium capitalized stocks, amongst which are; MOBIL (-9.97%) WAPIC (-5.71%), ZENITHBANK (-2.99%), GUARANTY (-2.00%), ETI (-1.04%), MTNN (-0.95%), UBA (-0.80%) and ACCESS (-0.79%).

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MARKET STATISTICS

CAP N12,624,464,581,540.33 One Day (ASI CHG) -0.44%
Index 24,200.60 One Week (ASI CHG) +0.73%
Volume 231,234,804 One Month (ASI CHG) -3.90%
Value N2,154,759,061.89 Six Months (ASI CHG) -18.33%
Deals 3,950 52 Weeks (ASI CHG) -15.72%
Gainers 14 Losers 17
Unchanged 71 Total 102
YTD -9.84%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Friday closed at 381.00/$1,  unchanged against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N387.46, traded high at N390.00, and eventually closed at N386.00, representing a 0.26% depreciation against the previous day’s closing position. A total of $25.17 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 11.17%, representing a 2.93% depreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 10.33%, representing a 3.47% depreciation against the previous day’s position.

 

FIXED INCOME
Securities Close P. Close Change
Bond 311.54 323.85 -12.31 bps
T.Bills 221.29 224.23 -2.94 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

 The NASD OTC market today (Monday) closed on a positive note, as the Unlisted Securities Index (USI) closed at 710.89, representing a 0.44% appreciation against the previous day’s closing position. Similarly, Market Capitalization shed N2.29 billion closed at N522.19 billion, representing a 0.44% appreciation against the previous day’s closing position. However, the aggregate volume and value decreased by 98.69% and 86.86% aggregated respectively, as investors traded a total of 134,723 shares, worth N5.56 million in 13 deal.

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Sector Performance

Sector % Change
NSE30 -0.50
BANKING -1.70
CONSUMER GOODS 0.00
INDUSTRIAL +0.26
INSURANCE -0.35
LOTUS ISLAMIC -0.11
OIL/GAS -1.91

 

Top 7 Gainers

Company Pclose Open Close Change % Change
NPFMCRFBK 1.20 1.20 1.32 0.12 10.00
NEIMETH 1.39 1.39 1.52 0.13 9.35
LINKASSURE 0.47 0.47 0.51 0.04 8.51
ABCTRANS 0.51 0.51 0.55 0.04 7.84
CAVERTON 1.81 1.81 1.95 0.14 7.73
LIVESTOCK 0.56 0.56 0.60 0.04 7.14
CILEASING 3.95 3.95 4.20 0.25 6.33

 

Top 7 Losers

Company Pclose Open Close Change % Change
MOBIL 192.60 192.60 173.40 -19.20 -9.97
CHAMS 0.24 0.24 0.22 -0.02 -8.33
ETERNA 2.24 2.24 2.09 -0.15 -6.70
WAPIC 0.35 0.35 0.33 -0.02 -5.71
TRANSCORP 0.65 0.65 0.62 -0.03 -4.62
UCAP 2.70 2.70 2.61 -0.09 -3.33
ZENITHBANK 16.70 16.70 16.20 -0.50 -2.99

 

Top 7 Traders By VolumeTop

Company Volume Value(₦) Current Price
STERLNBANK                            77,546,295                        96,765,369 1.27
FCMB                            33,275,024                        63,214,411 1.90
FIDELITYBK                            27,058,204                        48,176,736 1.78
GUARANTY                              9,752,237                      215,017,467 22.00
MTNN                              9,732,133                   1,124,643,228 115.00
ZENITHBANK                              8,664,173                      139,503,669 16.20
UBA                              8,512,695                        52,806,387 6.20

 

7 Traders By Value

Company Volume Value(₦) Current Price
MTNN                              9,732,133              1,124,643,228.20 115.00
GUARANTY                              9,752,237                 215,017,467.10 22.00
ZENITHBANK                              8,664,173                 139,503,669.45 16.20
STERLNBANK                            77,546,295                   96,765,368.56 1.27
FCMB                            33,275,024                   63,214,411.42 1.90
DANGCEM                                 480,630                   59,271,698.50 126.00
UBA                              8,512,695                   52,806,386.70 6.20

 

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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