Negative sentiment persists, as equity market recedes further by 0.35%

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Transaction activities on the Nigerian equity market on Tuesday extend negative performance to seven consecutive trading days, following a 0.35% decline in the market performance indicators. Consequently, the market breadth closed negatively, recording 7 gainers against 23 losers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 101.13 absolute points, representing a dip of 0.35% to close at 28,5432.27 points, Similarly, the overall Market Capitalization size lost N52.09 billion, representing a decline of 0.35% to close at N14.65 trillion.

UBN & WAPIC emerged as the top gainers while NEM & ROYALEX emerged as top losers.

The downtrend was impacted by losses recorded in large and medium capitalized stocks, amongst which are; DANGSUGAR (-9.78%), CAP (-9.60%), HONYFLOUR (-5.66%), UACN (-5.03%), ZENITHBANK (-3.52%), WEMABANK (-2.99%) FBNH (-1.67%), GUARANTY (-1.36%), ACCESS  (-1.10%), FCMB (-1.09%), and UBA (-0.67%).

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MARKET STATISTICS

CAP N14,645,251,043,162.72 One Day (ASI CHG) -0.35%
Index 28,432.27 One Week (ASI CHG) -3.22%
Volume 254,860,393 One Month (ASI CHG) +5.43%
Value N3,043,761,491.97 Six Months (ASI CHG) +2.90%
Deals 5,199 52 Weeks (ASI CHG) -7.52%
Gainers 7 Losers 23
Unchanged 64 Total 94
YTD Returns +5.92%

Source: NSE, GTI Research

 

 

FOREIGN EXCHANGE

The Naira at the official window on Monday closed unchanged at 307.00/$1, against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N363.63, traded high at N365.25 and eventually closed at N364.43, representing a 0.07% depreciation as against yesterday’s closing position. A total of $128.03 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 15.33%, representing 2.50% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 14.50%, representing 2.00% depreciation against yesterday’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 508.63 509.06 -0.43 bps
T.Bills 604.55 605.91 +1.36 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

NASD OTC MARKET

The NASD OTC market on Tuesday remain unchanged as the Unlisted Securities Index (USI) closed at 697.86. Similarly, Market Capitalization closed at N501.79 billion to remained flat as against yesterday’s position. However, the aggregate volume and value increased by 37.98% and 619.02% respectively, as investors traded a total of 43,740 volume of shares valued at N12.57 million in 11 deals.

NASD Daily Price List

 

Sector Performance

Sector %    Change
NSE30 -0.33
BANKING -1.09
CONSUMER GOODS -0.82
INDUSTRIAL -0.08
INSURANCE -0.65
LOTUS ISLAMIC -0.28
OIL/GAS -0.18

 

Top 7 Gainers

Company Pclose Open Close Change % Change
UBN 6.00 6.00 6.60 0.60 10.00
WAPIC 0.30 0.30 0.33 0.03 10.00
LAWUNION 0.77 0.77 0.84 0.07 9.09
LASACO 0.26 0.26 0.27 0.01 3.85
TRANSCORP 0.97 0.97 0.99 0.02 2.06
CORNERST 0.59 0.59 0.60 0.01 1.69
JBERGER 21.20 21.20 21.50 0.30 1.42

 

Top 7 Losers

Company Pclose Open Close Change % Change
NEM 2.40 2.40 2.16 -0.24 -10.00
ROYALEX 0.30 0.30 0.27 -0.03 -10.00
DANGSUGAR 13.80 13.80 12.45 -1.35 -9.78
CHAMS 0.31 0.31 0.28 -0.03 -9.68
CAP 25.00 25.00 22.60 -2.40 -9.60
CHIPLC 0.35 0.35 0.33 -0.02 -5.71
HONYFLOUR 1.06 1.06 1.00 -0.06 -5.66

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
ZENITHBANK                             68,478,251                    1,307,642,423 19.20
FBNH                             32,655,512                       193,689,579 5.90
ACCESS                             28,828,490                       259,547,268 9.00
UBA                             23,633,921                       174,618,527 7.40
GUARANTY                             13,270,188                       384,700,125 29.00
STERLNBANK                             10,728,156                         17,915,399 1.67
UACN                               9,157,823                         78,470,675 8.50

 

Top 7 Traders By Value 

Company Volume Value(₦) Current Price
ZENITHBANK                             68,478,251               1,307,642,423.45 19.20
GUARANTY                             13,270,188                  384,700,125.35 29.00
ACCESS                             28,828,490                  259,547,267.55 9.00
FBNH                             32,655,512                  193,689,579.05 5.90
UBA                             23,633,921                  174,618,526.95 7.40
DANGCEM                               1,036,906                  172,116,847.30 179.90
NESTLE                                    73,102                    93,996,068.00 1380.00

 

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