Nigerian equity market extends negative sentiment to three consecutive trading day, shed 0.91%
The Nigeria equity market on Monday began the week on a negative note, extending the negative sentiment to three consecutive trading day with a dip of 0.91%, buoyed by profit-taking on bellwether stocks. Consequently, the market breadth closed on a negative note, recording 25 losers as against 16 gains.
NSE Trading Floor
In summary, the All-Share Index (ASI) decreased by 228.42 absolute points, representing a dip of 0.91% to close at 24,954.25 points. Similarly, the overall Market Capitalization size shed N119.16 million, representing a dip of 0.91% to close at N13.02 trillion.
REDSTAREX and FIDSON emerged as the top gainers while PRESTIGE emerged as the top loser.
The downturn was impacted by losses recorded in large and medium capitalized stocks, amongst which are; HONYFLOUR (-9.78%), UBN (-4.07%), NAHCO (-1.03%) and GUINNESS (-0.29%).
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MARKET STATISTICS
| CAP | N13,017,648,445,844.74 | One Day (ASI CHG) | -0.91% |
| Index | 24,954.25 | One Week (ASI CHG) | -1.17% |
| Volume | 237,652,864 | One Month (ASI CHG) | +4.54% |
| Value | N1,609,494,943.93 | Six Months (ASI CHG) | -5.96% |
| Deals | 4,808 | 52 Weeks (ASI CHG) | -16.95% |
| Gainers | 16 | Losers | 25 |
| Unchanged | 62 | Total | 103 |
| YTD | -6.18% |
Source: NSE, GTI Research
FOREIGN EXCHANGE
The Naira at the official window on Monday closed unchanged at 361.00/$1, against Thursday’s position.
The Investors and Exporters (I&E) FX window opened at N387.46, traded high at N390.00 and eventually closed at N386.50, representing 0.19% depreciation as against Thursday’s closing position. A total of $12.45 million was transacted through the I&E window today.
MONEY MARKET
Overnight(O/N) rate closed at 6.92%, representing a 2.92% depreciation against Thursday’s closing position, while Open Buy-Back (OBB) rate closed at 5.83%, representing a 3.00% depreciation against Thursday’s position.
| FIXED INCOME | |||
| Securities | P. Close | Close | Change |
| Bond | 480.97 | 471.28 | -9.69 bps |
| T.Bills | 216.73 | 210.09 | -6.64 bps |
| Note: BPS=> Basis Points |
Source: FMDQ, GTI Research
NASD OTC MARKET
The NASD OTC market on Monday closed higher, as the Unlisted Securities Index (USI) closed at 692.58, representing a 1.92% appreciation against Thursday’s closing position. Similarly, Market Capitalization closed at N501.95 billion, representing a 1.95% depreciation against yesterday’s closing position. However, the aggregate volume increased by 13.24% while value dipped by 60.47%, as investors traded a total of 12,400 shares, worth N1.29 million in 8 deal.
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Sector Performance
| Sector | % Change |
| NSE30 | -1.09 |
| BANKING | -1.93 |
| CONSUMER GOODS | -0.03 |
| INDUSTRIAL | -1.39 |
| INSURANCE | 0.88 |
| LOTUS ISLAMIC | -0.89 |
| OIL/GAS | -0.33 |
Top 7 Gainers
| Company | Pclose | Open | Close | Change | % Change |
| FIDSON | 3.00 | 3.00 | 3.30 | 0.30 | 10.00 |
| REDSTAREX | 3.30 | 3.30 | 3.63 | 0.33 | 10.00 |
| CORNERST | 0.51 | 0.51 | 0.56 | 0.05 | 9.80 |
| HONYFLOUR | 0.92 | 0.92 | 1.01 | 0.09 | 9.78 |
| UNITYBNK | 0.57 | 0.60 | 0.62 | 0.05 | 8.77 |
| MANSARD | 1.85 | 1.85 | 2.00 | 0.15 | 8.11 |
| LASACO | 0.25 | 0.25 | 0.27 | 0.02 | 8.00 |
Top 7 Losers
| Company | Pclose | Open | Close | Change | % Change |
| PRESTIGE | 0.70 | 0.70 | 0.63 | -0.07 | -10.00 |
| NEIMETH | 2.57 | 2.57 | 2.32 | -0.25 | -9.73 |
| AIICO | 1.18 | 1.18 | 1.07 | -0.11 | -9.32 |
| ETI | 5.45 | 5.45 | 5.05 | -0.40 | -7.34 |
| UAC-PROP | 1.04 | 1.04 | 0.97 | -0.07 | -6.73 |
| GLAXOSMITH | 7.50 | 7.50 | 7.10 | -0.40 | -5.33 |
| UBA | 6.75 | 6.75 | 6.40 | -0.35 | -5.19 |
Top 7 Traders By Volume
| Company | Volume | Value(₦) | Current Price |
| FBNH | 24,351,160 | 128,756,898 | 5.25 |
| ZENITHBANK | 24,136,028 | 392,360,381 | 16.20 |
| FCMB | 19,467,619 | 33,483,048 | 1.71 |
| CAVERTON | 17,374,115 | 39,016,923 | 2.24 |
| UBA | 14,639,272 | 95,740,501 | 6.40 |
| GUARANTY | 14,374,984 | 340,958,699 | 23.60 |
| WAPIC | 11,615,312 | 3,812,219 | 0.32 |
Top 7 Traders By Value
| Company | Volume | Value(₦) | Current Price |
| ZENITHBANK | 24,136,028 | 392,360,380.55 | 16.20 |
| GUARANTY | 14,374,984 | 340,958,699.45 | 23.60 |
| FBNH | 24,351,160 | 128,756,897.85 | 5.25 |
| MTNN | 839,416 | 98,172,832.00 | 116.00 |
| UBA | 14,639,272 | 95,740,500.75 | 6.40 |
| ACCESS | 10,717,228 | 72,605,035.85 | 6.75 |
| DANGSUGAR | 3,487,739 | 51,849,814.05 | 14.80 |
