MTNN and 8 others sustains NSE-ASI bearish sentiment to the sixth consecutive trading day

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The  Nigerian equity market today (Thursday) closed on a negative note, further slipping by 0.12%, extending the bearish sentiment to the sixth consecutive trading day. The downtrend was driven by persistent sell pressure on big-name stocks like MTNN, FBNH, ZENITHBANK and 6 others. However, the market breadth closed on a positive note, recording 9 gainers as against 8 losers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 29.75 absolute points, representing a dip of 0.12% to close at 24,625.24 points. Similarly, the overall Market Capitalization size shed N15.55 million, representing a decrease of 0.12% to close at N12.85 trillion.

NEIMETH emerged as the top gainers while LINKASSURE emerged as the top loser.

The downturn was impacted by losses recorded in large and medium capitalized stocks, amongst which are; JAPAULOIL (-7.69%), ZENITHBANK (-1.52%), FBNH (-0.94%), and MTNN (-0.42%).

 

Click here for more on NSE Daily Price List

 

MARKET STATISTICS

CAP N12,845,979,297,808.44 One Day (ASI CHG) -0.12%
Index 24,625.24 One Week (ASI CHG) -1.24%
Volume 130,279,680 One Month (ASI CHG) -2.30%
Value N1,624,935,192.66 Six Months (ASI CHG) -5.62%
Deals 3,413 52 Weeks (ASI CHG) -17.00%
Gainers 9 Losers 8
Unchanged 74 Total 91
YTD -8.15%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Thursday closed unchanged at 361.00/$1, against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N387.08, traded high at N389.20, and eventually closed at N386.27, representing a 0.03% depreciation against the previous day’s closing position. A total of $90.88 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 16.92%, representing a 1.17% appreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 15.83%, representing a 1.17% appreciation against the previous day’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 388.69 392.77 +4.08 bps
T.Bills 192.32 195.99 +3.67 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

 The NASD OTC market on Thursday closed unchanged, as the Unlisted Securities Index (USI) closed at 709.11,  against the previous day’s closing position. Similarly, Market Capitalization remained unchanged at N520.89 billion, against the previous day’s closing position. Consequently, the aggregate volume decreased by 30.10% while the aggregated value increased by 30.80% respectively, as investors traded a total of 16,740 shares, worth N2.07 million in 7 deal.

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Sector Performance

Sector % Change
NSE30 -0.17
BANKING -0.18
CONSUMER GOODS 0.00
INDUSTRIAL 0.00
INSURANCE -0.34
LOTUS ISLAMIC -0.11
OIL/GAS 0.00

 

Top 7 Gainers

Company Pclose Open Close Change % Change
NEIMETH 1.14 1.14 1.25 0.11 9.65
WEMABANK 0.55 0.55 0.60 0.05 9.09
CHAMS 0.23 0.23 0.24 0.01 4.35
MAYBAKER 2.91 2.91 3.00 0.09 3.09
ETI 4.70 4.70 4.80 0.10 2.13
FCMB 1.80 1.80 1.83 0.03 1.67
AIICO 0.96 0.96 0.97 0.01 1.04

 

Top 7 Losers

Company Pclose Open Close Change % Change
LINKASSURE 0.53 0.53 0.48 -0.05 -9.43
JAPAULOIL 0.26 0.26 0.24 -0.02 -7.69
LIVESTOCK 0.70 0.70 0.68 -0.02 -2.86
ZENITHBANK 16.40 16.40 16.15 -0.25 -1.52
TRANSCORP 0.70 0.70 0.69 -0.01 -1.43
FBNH 5.30 5.30 5.25 -0.05 -0.94
NAHCO 2.66 2.66 2.64 -0.02 -0.75

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
ZENITHBANK                            18,953,884                      308,379,756 16.15
TRANSCORP                            16,064,620                        11,267,634 0.69
FBNH                              9,932,213                        52,511,057 5.25
MBENEFIT                              6,944,330                          1,506,346 0.21
GUINNESS                              6,427,478                        96,647,821 15.00
GUARANTY                              5,082,603                      115,468,797 22.70
UBA                              4,959,576                        31,292,934 6.30


Top 7 Traders By Value

Company Volume Value(₦) Current Price
MTNN                              4,697,753                 552,317,675.90 117.50
ZENITHBANK                            18,953,884                 308,379,755.95 16.15
DANGCEM                              1,312,904                 166,473,871.80 130.00
GUARANTY                              5,082,603                 115,468,796.50 22.70
GUINNESS                              6,427,478                   96,647,821.20 15.00
NESTLE                                   68,615                   81,243,967.70 1179.00
FBNH                              9,932,213                   52,511,057.30 5.25

 

GTI

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