Nigerian equity market recedes further, dips marginally by 0.01%

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The  Nigerian bourse today (Tuesday) closed marginally lower, shedding 0.01%, extending the bearish sentiment to the fourth consecutive trading day. The downtrend was driven by persistent sell pressure on big-name stocks like ACCESS, ETI, UBA and 20 others. Consequently, the market breadth closed on a negative note, recording 23 losers as against 9 gainers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 2.57 absolute points, representing a dip of 0.01% to close at 24,751.32 points. Similarly, the overall Market Capitalization size shed N2.02 million, representing a decrease of 0.02% to close at N12.91 trillion.

UAC-PROP emerged as the top gainers while UNITYBNK emerged as the top loser.

The downturn was impacted by losses recorded in large and medium capitalized stocks, amongst which are; DANGSUGAR (-9.85%), ETI (-5.10%), NB (-2.70%), WAPCO (-2.22%), UBN (-1.56%), ACCESS (-1.48%) and UBA (-0.79%).

 

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MARKET STATISTICS

CAP N12,911,093,640,274.76 One Day (ASI CHG) -0.01%
Index 24751.32 One Week (ASI CHG) -0.72%
Volume 167,949,144 One Month (ASI CHG) -0.03%
Value N1,548,187,730.30 Six Months (ASI CHG) -5.22%
Deals 3784 52 Weeks (ASI CHG) -17.08%
Gainers 9 Losers 23
Unchanged 60 Total 92
YTD -7.79%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Monday closed unchanged at 361.00/$1, against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N386.00, traded high at N389.75, and eventually closed at N386.63, representing a 0.16% depreciation against the previous day’s closing position. A total of $90.09 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 15.67%, representing a 0.08% depreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 14.67%, representing a 0.17% appreciation against the previous day’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 415.97 378.67 -37.30 bps
T.Bills 190.39 191.35 +0.96 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

 The NASD OTC market on Tuesday closed unchanged, as the Unlisted Securities Index (USI) closed at 701.01, against previous day’s closing position. Similarly, Market Capitalization shed N2.75 billion closed at N514.94 billion, unchanged against previous day’s closing position. However, the aggregate volume and value decreased by 99.85% and 89.00% respectively, as investors traded a total of 8,525 shares, worth N2.04 million in 5 deal.

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Sector Performance

Sector % Change
NSE30 0.05
BANKING -0.60
CONSUMER GOODS -1.38
INDUSTRIAL -0.18
INSURANCE -1.27
LOTUS ISLAMIC 0.09
OIL/GAS 0.22

 

Top 7 Gainers

Company Pclose Open Close Change % Change
UAC-PROP 0.91 0.91 0.98 0.07 7.69
TRANSCORP 0.70 0.70 0.72 0.02 2.86
OANDO 2.45 2.45 2.50 0.05 2.04
MTNN 116.10 116.10 118.00 1.90 1.64
FLOURMILL 19.70 19.70 20.00 0.30 1.52
UCAP 2.58 2.58 2.61 0.03 1.16
UACN 7.00 7.00 7.05 0.05 0.71

 

Top 7 Losers

Company Pclose Open Close Change % Change
UNITYBNK 0.60 0.60 0.54 -0.06 -10.00
DANGSUGAR 13.20 13.20 11.90 -1.30 -9.85
IKEJAHOTEL 1.15 1.15 1.04 -0.11 -9.57
NEIMETH 1.39 1.39 1.26 -0.13 -9.35
CHAMS 0.23 0.23 0.21 -0.02 -8.70
PZ 4.90 4.90 4.50 -0.40 -8.16
AIICO 0.97 0.97 0.90 -0.07 -7.22

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
JAPAULOIL                            25,012,372                          6,651,601 0.25
FBNH                            12,053,045                        63,238,054 5.25
GUARANTY                            11,171,003                      253,461,773 22.75
FCMB                            10,762,771                        19,356,097 1.80
UBA                              9,745,821                        61,703,768 6.30
TRANSCORP                              9,712,084                          6,804,926 0.72
ZENITHBANK                              8,060,066                      130,581,444 16.25


Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                            11,171,003                 253,461,773.05 22.75
DANGCEM                              1,933,556                 251,221,608.10 130.00
MTNN                              1,301,541                 153,612,472.40 118.00
ZENITHBANK                              8,060,066                 130,581,444.15 16.25
NB                              2,712,579                   97,646,026.05 36.00
FLOURMILL                              4,370,182                   84,316,152.90 20.00
NESTLE                                   59,568                   69,129,422.30 1179.00

 

GTI

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