NESTLE and 19 other led NSE-ASI to reverse previous dead cat bounce

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Transactions on Customs street on Friday reversed previous dead cat bounce of temporary recovery to close lower at 0.65%, following sell pressure on some highly valued stocks like NESTLE, UBA, ACCESS and 17 others. Consequently, the market breadth closed negative, recording 14 gainers against 20 losers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 180.29 absolute points, representing a decline of 0.65% to close at 27,388.62 points. Similarly, the overall Market Capitalization size shed N93.92 billion, representing a dip of 0.65% to close at N14.27 trillion.

JAIZBANK emerged as the top gainer while LAWUNION emerged as top loser.

The uptrend was impacted by gains recorded in large and medium capitalized stocks, amongst which are; NESTLE (-9.02%), UACN (-6.67%), NB (-5.92%), UBA (-3.27%), ACCESS (-3.09%), HONYFLOUR (-1.94%)  and WAPCO (-1.27%).

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MARKET STATISTICS

CAP N14,268,247,277,020.90 One Day (ASI CHG) -0.65%
Index 27,388.62 One Week (ASI CHG) –1.71%
Volume 421,275,510 One Month (ASI CHG) -7.44%
Value N5,552,493,904.14 Six Months (ASI CHG) -1.48%
Deals 4,423 52 Weeks (ASI CHG) -15.77%
Gainers 14 Losers 20
Unchanged 70 Total 104
YTD Returns +2.04%

Source: NSE, GTI Research

 

 

FOREIGN EXCHANGE

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

The Investors and Exporters (I&E) FX window opened at N364.97, traded high at N368.35 and eventually closed at N364.26, representing a 0.03% appreciation against yesterday’s closing position. A total of $420.91 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 3.83%, representing a 0.25% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 3.00%, representing 0.33% appreciation against yesterday’s position.

 

 

FIXED INCOME
Securities P. Close Close Change
Bond 544.97 522.44 -22.53 bps
T.Bills 536.15 508.39 -27.76 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

The NASD OTC market on Friday closed unchanged as the Unlisted Securities Index (USI) closed at 700.39, against yesterday’s closing position. Similarly, Market Capitalization closed at N503.55 billion, unchanged against yesterday’s position. However, the aggregate volume decreased by 68.70% while the aggregated value increased by 31.44%, as investors traded a total of 83,533 volume of shares, valued at N6.14 million in 5 deals.

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Sector Performance

Sector %    Change
NSE30 -0.78
BANKING +0.34
CONSUMER GOODS -5.39
INDUSTRIAL +0.47
INSURANCE -0.57
LOTUS ISLAMIC -1.34
OIL/GAS +0.15

 

Top 7 Gainers

Company Pclose Open Close Change % Change
JAIZBANK 0.63 0.63 0.69 0.06 9.52
ROYALEX 0.23 0.23 0.25 0.02 8.70
LIVESTOCK 0.62 0.62 0.67 0.05 8.06
UBN 7.10 7.10 7.60 0.50 7.04
JBERGER 22.50 22.50 24.00 1.50 6.67
CUSTODIAN 5.45 5.45 5.65 0.20 3.67
FCMB 1.90 1.90 1.95 0.05 2.63

 

Top 7 Losers

Company Pclose Open Close Change % Change
SKYAVN 2.91 2.91 2.62 -0.29 -9.97
MAYBAKER 2.02 2.02 1.82 -0.20 -9.90
LAWUNION 0.81 0.81 0.73 -0.08 -9.88
PRESTIGE 0.61 0.61 0.55 -0.06 -9.84
NESTLE 1242.00 1242.00 1130.00 -112.00 -9.02
CHAMS 0.30 0.30 0.28 -0.02 -6.67
UACN 9.00 9.00 8.40 -0.60 -6.67

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
ZENITHBANK                          112,476,440                   2,242,752,012 0.45
UCAP                            64,835,942                      231,251,834 -0.09
FCMB                            59,748,555                      113,531,201 0.05
FLOURMILL                            50,078,001                   1,150,862,483 0.00
UBA                            34,840,741                      261,598,400 -0.25
TRANSCORP                            17,671,899                        16,591,473 -0.02
AIICO                            10,081,759                        10,318,274 0.02

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
ZENITHBANK                          112,476,440              2,242,752,012.25 19.85
FLOURMILL                            50,078,001              1,150,862,483.35 23.00
NESTLE                                 612,117                 691,677,871.00 1130.00
UBA                            34,840,741                 261,598,400.00 7.40
GUARANTY                              9,110,052                 260,951,466.85 27.95
UCAP                            64,835,942                 231,251,833.95 3.45
DANGCEM                                 845,316                 129,495,982.20 170.00

 

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.

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