Nigerian equity market sustains yesterday’s negative sentiment, shed 0.13%

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The Nigeria equity market on Thursday closed on a negative note, sustaining the previous day’s positive sentiment with a dip of 0.13%, buoyed by profit-taking on bellwether stocks. Consequently, the market breadth closed on a negative note, recording 17 losers as against 16 gains.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 32.37 absolute points, representing a dip of 0.13% to close at 25,182.67 points. Similarly, the overall Market Capitalization size shed N16.89 million, representing a dip of 0.13% to close at N13.14 trillion.

NEIMETH emerged as the top gainer while CAVERTON emerged as the top loser.

The downturn was impacted by losses recorded in large and medium capitalized stocks, amongst which are; HONYFLOUR (-5.15%), UACN (-4.00%), WAPCO (-2.16%), NB(-1.18%), ETI (-0.91%), GUARANTY (-0.83%) and UBA (-0.74%).

 

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MARKET STATISTICS

CAP N13,136,806,532,963.95 One Day (ASI CHG) -0.13%
Index 25,182.67 One Week (ASI CHG) -0.51%
Volume 337,129,915 One Month (ASI CHG) +5.14%
Value N3,405,270,895.27 Six Months (ASI CHG) -4.73%
Deals 3,880 52 Weeks (ASI CHG) -16.34%
Gainers 16 Losers 17
Unchanged 65 Total 98
YTD -6.18%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Thursday closed unchanged at 361.00/$1, against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N387.50, traded high at N390.00 and eventually closed at N385.75, representing 0.31% appreciation as against yesterday’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 9.83%, representing a 4.27% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 8.83%, representing a 4.17% depreciation against yesterday’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 483.51 480.97 -2.54 bps
T.Bills 215.31 216.73 +1.42 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

The NASD OTC market on Thursday closed unchanged, as the Unlisted Securities Index (USI) closed at 682.49,  as against previous day’s closing position. Similarly, Market Capitalization closed unchanged at N501.34 billion, against yesterday’s closing position. However, the aggregate volume and value dipped by 87.57% and 64.60% respectively, as investors traded a total of 10,950 shares, worth N3.27 million in 1 deal.

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Sector Performance

Sector % Change
NSE30 -0.06
BANKING -0.28
CONSUMER GOODS -0.24
INDUSTRIAL -0.19
INSURANCE 0.24
LOTUS ISLAMIC -0.01
OIL/GAS -0.81

 

Top 7 Gainers

Company Pclose Open Close Change % Change
NEIMETH 2.34 2.34 2.57 0.23 9.83
UNITYBNK 0.52 0.53 0.57 0.05 9.62
ABCTRANS 0.45 0.45 0.49 0.04 8.89
JAPAULOIL 0.23 0.23 0.25 0.02 8.70
AIICO 1.11 1.22 1.18 0.07 6.31
LINKASSURE 0.50 0.50 0.53 0.03 6.00
LAWUNION 1.01 1.01 1.06 0.05 4.95

 

Top 7 Losers

Company Pclose Open Close Change % Change
CAVERTON 2.50 2.50 2.25 -0.25 -10.00
PRESTIGE 0.77 0.77 0.70 -0.07 -9.09
MBENEFIT 0.24 0.24 0.22 -0.02 -8.33
OANDO 2.80 2.80 2.60 -0.20 -7.14
JBERGER 21.25 21.25 19.85 -1.40 -6.59
CORNERST 0.54 0.54 0.51 -0.03 -5.56
HONYFLOUR 0.97 0.97 0.92 -0.05 -5.15

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
GUARANTY                            81,207,301                   2,019,959,402 24.00
MBENEFIT                            44,835,269                        10,117,003 0.22
FBNH                            25,057,333                      134,086,995 5.35
FCMB                            15,542,896                        26,742,498 1.73
CAVERTON                            14,071,167                        33,883,902 2.25
AIICO                            13,234,557                        15,663,081 1.18
ZENITHBANK                            12,386,306                      206,341,906 16.65

 


Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                            81,207,301              2,019,959,402.45 24.00
STANBIC                              9,015,864                 306,380,850.35 33.00
ZENITHBANK                            12,386,306                 206,341,906.30 16.65
NB                              4,077,357                 171,228,644.60 42.00
FBNH                            25,057,333                 134,086,994.75 5.35
UBA                              9,978,005                   67,104,104.20 6.75
ACCESS                              7,554,045                   51,309,699.05 6.80

 

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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