Nigerian equity market sustains previous negative sentiment, sheds 0.33%

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Transactions on the Nigerian equity market today (Tuesday) closed on a negative note as the All-Share-Index depreciated by 0.33% to extend the previous negative sentiment of two consecutive trading day. The downtrend was supported by value depreciation on some bellwether stocks like ZENITHBANK, ACCESS, ETI and 16 others. Consequently, the market breadth closed on a negative note, recording 19 losers as against 10 gainers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 84.91 absolute points, representing a dip of 0.33% to close at 25,497.32 points. Similarly, the overall Market Capitalization size shed N44.30 billion, representing a contraction of 0.33% to close at N13.30 trillion.

HONYFLOUR emerged as the top gainer while ARBICO emerged as the top loser.

The downturn was impacted by loses recorded in large and medium capitalized stocks, amongst which are; GUARANTY (-6.18%), JAPAULOIL (-4.76%) UBN (-3.92%), GUINNESS (-2.78%), ZENITHBANK (-2.31%), ACCESS (-1.47%), and ETI (-1.19%)

Click here for more on NSE Daily Price List

 

MARKET STATISTICS

CAP N13,301,583,426,360.65 One Day (ASI CHG) -0.33%
Index 25,497.32 One Week (ASI CHG) +0.33%
Volume 251,963,602 One Month (ASI CHG) +1.82%
Value N2,044,089,434.41 Six Months (ASI CHG) -4.55%
Deals 4,185 52 Weeks (ASI CHG) -6.44%
Gainers 10 Losers 19
Unchanged 67 Total 98
    YTD -5.01%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window today (Tuesday) closed at 379.00/$1, unchanged against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N386.48, traded high at N394.63 and eventually closed at N386.21, representing a 0.05% depreciation against the previous day’s closing position. A total of $45.22 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate today (Tuesday) closed at 2.10%, representing a 0.15% depreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 1.30%, representing a 0.08% depreciation against the previous day’s position.

 

FIXED INCOME
Securities Close P. Close Change
Bond 343.26 346.87 -3.61 bps
T.Bills 114.44 120.76 -6.32 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

 The NASD OTC market today (Tuesday) closed on a negative note as the Unlisted Securities Index (USI) closed at 720.54, representing a 0.69% depreciation against the previous day’s closing position. Similarly, Market Capitalization shed N3.65 billion to close at N529.29billion, representing a 1.58% appreciation against the previous day’s closing position. However, the aggregate volume increased by 478.97% while the aggregated value decreased by 65.69%, as investors traded a total of 239,660 shares, worth N3.91 million in 18 deal.

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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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