MTNN, TOTAL drags local bourse marginally lower, post 0.05%

125 Views

Amid the absent of brokers on the Nigerian Stock Exchange (NSE) trading floor due to the measure taken by the NSE management to contain the spread of Covid-19, the  Nigerian equity market today (Wednesday), closing marginally lower with a dip of 0.05%, following profit taking on MTNN and TOTAL and 5 other stocks as gains in Banking, Consumer and Industrial goods sectors failed to sustain yesterday’s gain. However, the market breadth closed positively, recording 20 gainers as against 7 losers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 11.68 absolute points, representing a dip of 0.05% to close at 21,729.48 points. Similarly, the overall Market Capitalization size shed N6.09 billion, representing an dip of 0.05% to close at N11.32 trillion.

CUTIX emerged as the top gainer while TOTAL emerged as the top loser.

The downturn was impacted by loses recorded in large and medium capitalized stocks, amongst which are; TOTAL (-10.00%),  AFRIPRUD (-9.87%), FCMB (-3.85%) and MTNN (-2.91%).

Click here for more on NSE Daily Price List

 

MARKET STATISTICS

CAP N11,323,775,081,964.93 One Day (ASI CHG) -0.05%
Index 21,729.48 One Week (ASI CHG) -4.65%
Volume 233,474,577 One Month (ASI CHG) -19.62%
Value N2,239,429,176.35 Six Months (ASI CHG) -20.36%
Deals 3,874 52 Weeks (ASI CHG) -29.52%
Gainers 20 Losers 7
Unchanged 65 Total 92
-19.05%

Source: NSE, GTI Research

 

 

FOREIGN EXCHANGE

The Naira at the official window on Wednesday closed unchanged at 361.00/$1, against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N381.29, traded high at N387.75 and eventually closed at N380.25, representing 0.07% appreciation against yesterday’s closing position. A total of $56.20 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 3.50%, representing a 1.75% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 3.00%, representing 1.83% depreciation against yesterday’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 594.94 591.04 -3.90 bps
T.Bills 672.36 669.25 -3.11 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

The NASD OTC market on Wednesday closed higher as the Unlisted Securities Index (USI) closed at 692.71, representing a 0.25% appreciation against yesterday’s closing position. Similarly, Market Capitalization closed at N508.84 billion, represeting a 0.25% appreciation against yesterday’s position. Consequently, the aggregate volume and value increased by 152.31% and 2.26%, as investors traded a total of 127,417 volume of shares, valued at N15.14 million in 3 deals.

Click here for more on NASD Daily Price List

 

Sector Performance

Sector % Change
NSE30 -0.11
BANKING +2.94
CONSUMER GOODS +0.17
INDUSTRIAL +0.35
INSURANCE +1.43
LOTUS ISLAMIC -0.74
OIL/GAS -1.01

 

Top 7 Gainers

Company Pclose Open Close Change % Change
CUTIX 1.20 1.20 1.32 0.12 10.00
CADBURY 5.15 5.15 5.65 0.50 9.71
NEIMETH 0.44 0.44 0.48 0.04 9.09
PRESTIGE 0.55 0.55 0.60 0.05 9.09
UBA 4.40 4.40 4.80 0.40 9.09
UNIONDAC 0.22 0.22 0.24 0.02 9.09
WAPIC 0.22 0.22 0.24 0.02 9.09

 

Top 7 Losers

Company Pclose Open Close Change % Change
TOTAL 107.00 107.00 96.30 -10.70 -10.00
AFRIPRUD 3.85 3.85 3.47 -0.38 -9.87
JAIZBANK 0.49 0.49 0.45 -0.04 -8.16
FCMB 1.56 1.56 1.50 -0.06 -3.85
MTNN 103.00 103.00 100.00 -3.00 -2.91
NEM 1.60 1.60 1.57 -0.03 -1.88
GLAXOSMITH 3.85 3.85 3.80 -0.05 -1.30

 


Top 7 Traders By Volume

Company Volume Value(₦) Current Price
GUARANTY                            49,679,899                      847,778,496 17.10
ZENITHBANK                            44,703,514                      522,190,207 11.75
ACCESS                            44,175,846                      250,262,436 5.60
UBA                            23,252,149                      109,896,730 4.80
FBNH                            18,566,556                        74,662,653 4.00
FIDELITYBK                              6,964,860                        11,843,647 1.70
UCAP                              4,597,250                          9,918,874 2.00

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                            49,679,899                 847,778,495.60 17.10
ZENITHBANK                            44,703,514                 522,190,206.85 11.75
ACCESS                            44,175,846                 250,262,436.00 5.60
DANGCEM                                 939,948                 112,358,605.90 129.70
UBA                            23,252,149                 109,896,730.10 4.80
MTNN                                 925,649                   92,365,453.80 100.00
FBNH                            18,566,556                   74,662,653.15 4.00

 

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.

You may also like...