Negative Sentiment in Oil & Gas Stocks drag Equity Market Lower

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The Nigerian Stock market began the new week on low, shedding 0.45% to extend losing streak to four (4) successive trading sessions. Today’s loss was mainly driven by decline in the prices of major Oil and Gas Stocks, amidst the developing story between Oando Plc vs Securities and Exchange Commission (SEC).  Consequently, Market breadth closed negative, recording 15 gainers and 28 losers.

NSE Trading Floor

The All Share Index (ASI) shed 138.98 absolute points, representing a decline of 0.45% to close at 30,930.39 points. Similarly, Market Capitalization lost N61.22 billion, representing a dip of 0.45% to close at N13.62 trillion.

CHAMPION emerged the top gainer while GLAXOSMITH emerged as top loser.

The downtrend was impacted by losses recorded in large and medium capitalized stocks, amongst which are; JBERGER (-9.84%), OANDO (-9.52%), SEPLAT (-9.07%), WEMABANK (-3.13%), FO (-2.18%),  DANGFLOUR (-1.48%), FBNH (-1.42%), GUARANTY (-0.95%), HONYFLOUR (-0.91%), TRANSCORP (-0.86%), DANGSUGAR (-0.83%),  and FCMB (-0.62%).

Click here for more on NSE Daily Price List

 

MARKET STATISTICS  

CAP N13,623,404,710,409.27 One Day (ASI CHG) -0.45%
Index 30,930.39 One Week (ASI CHG) +2.44%
Volume 246,091,330 One Month (ASI CHG) +5.88%
Value N2,817,979,536.21 Six Months (ASI CHG) +0.43%
Deals 3,850 52 Weeks (ASI CHG) -15.99%
Gainers 15 Losers 28
Unchanged 59 Total 100
  YTD Returns -1.59%  

Source: NSE, GTI Research

 

FOREIGN EXCHANGE

The Naira exchange rate at the official window remained unchanged at N306.95/$1 against Friday’s position.

The Investors and Exporters (I&E) FX window opened at N360.32, traded high at N361.70 and eventually closed at N360.76 representing a 0.01% depreciation against Friday’s closing position. A total of $213.03 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 10.21%, representing a 5.29% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 9.29%, representing a 5.14% appreciation against Friday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 943.47 965.59 22.12 bps
T.Bills 499.15 535.48 36.33 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

NASD OTC MARKET         

The NASD market closed negatively after today’s trading activities as the Unlisted Securities Index (USI)declined by 0.48% to close at 744.99 points against Fridays index. The Market Capitalization shed N2.61 billion closing at N535.23 billion. Market activities measured by aggregate volume and value shot up by 4,348.46% and 2,064.37% respectively. Investors traded a total of 106,852 units of shares valued at N3.31 million in 5 deals.

 

Sector Performance           

Sector %    Change
NSE30 -0.65
BANKING -0.31
CONSUMER GOODS -0.39
INDUSTRIAL -0.12
INSURANCE -0.56
LOTUS ISLAMIC -0.38
OIL/GAS -5.74

Top 7 Gainers    

Company Pclose Open Close Change % Change
CHAMPION 1.01 1.01 1.11 0.10 9.90
UPL 1.80 1.80 1.97 0.17 9.44
ACADEMY 0.25 0.25 0.27 0.02 8.00
STERLNBANK 2.30 2.30 2.40 0.10 4.35
JAIZBANK 0.46 0.46 0.48 0.02 4.35
FLOURMILL 13.60 13.60 14.00 0.40 2.94
ACCESS 6.10 6.10 6.25 0.15 2.46

Top 7 Losers           

Company Pclose Open Close Change % Change
GLAXOSMITH 8.50 8.50 7.65 -0.85 -10.00
ETI 11.15 11.15 10.05 -1.10 -9.87
JBERGER 21.85 21.85 19.70 -2.15 -9.84
OANDO 4.20 3.80 3.80 -0.40 -9.52
VITAFOAM 4.25 4.25 3.85 -0.40 -9.41
NASCON 16.25 16.25 14.75 -1.50 -9.23
MBENEFIT 0.22 0.22 0.20 -0.02 -9.09

 Top 7 Traders By Volume    

Company Volume Value(₦) Current Price
FCMB                             70,558,374                       112,981,755 1.60
GUARANTY                             33,986,838                    1,069,476,403 31.30
OANDO                             27,145,333                       103,268,852 3.80
UACN                             24,334,114                       157,156,741 6.25
ZENITHBANK                               8,843,607                       178,536,673 20.25
COURTVILLE                               5,441,365                           1,303,384 0.24
JAIZBANK                               5,356,630                           2,315,479 0.48

 Top 7 Traders By Value     

Company Volume Value(₦) Current Price
GUARANTY                             33,986,838               1,069,476,403.30 31.30
DANGCEM                               1,283,534                  256,080,596.50 199.80
MTNN                               1,465,587                  200,508,861.85 136.60
ZENITHBANK                               8,843,607                  178,536,673.15 20.25
NB                               2,710,740                  157,236,550.35 58.00
UACN                             24,334,114                  157,156,741.35 6.25
NESTLE                                  102,616                  149,909,991.90 1460.00

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