Nigerian equity market extends negative sentiment to three consecutive trading day, shed 0.91%

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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

GTI

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