Nigerian stocks markets extends losses on waning bargains, sheds 0.36%

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Transactions on the Nigeria equity market today (Tuesday) closed in the southwards position with a dip of 0.36%, extending the previous day negative sentiment, following sell pressure on some bellwether stocks like MTNN, ZENITHBANK, ACCESS and 14 other. Consequently, the market breadth closed on a negative note, recording 15 losers as against 8 gainers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 86.01 absolute points, representing a dip of 0.36% to close at 24,114.59 points. Similarly, the overall Market Capitalization size shed N44.87 billion, representing a decrease of 0.36% to close at N12.58 trillion.

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

The downturn was impacted by losses recorded in large and medium capitalized stocks, amongst which are; ZENITHBANK (-3.70%) GUARANTY (-3.18%), ACCESS (-3.17%), UBA (-2.42%), ETI (-1.05%) and FCMB (-0.53%).

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MARKET STATISTICS

CAP N12,579,594,609,545.28 One Day (ASI CHG) -0.36%
Index 24,114.59 One Week (ASI CHG) +0.07%
Volume 208,203,183 One Month (ASI CHG) -4.24%
Value N1,058,925,735.05 Six Months (ASI CHG) -17.65%
Deals 4,174 52 Weeks (ASI CHG) -16.01%
Gainers 8 Losers 15
Unchanged 75 Total 98
YTD -10.16%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Tuesday closed at 381.00/$1, unchanged against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N387.92, traded high at N391.49, and eventually closed at N386.00, unchanged against the previous day’s closing position. A total of $36.28 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 12.92%, representing a 1.75% appreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 11.83%, representing a 1.50% appreciation against the previous day’s position.

 

FIXED INCOME
Securities Close P. Close Change
Bond 309.81 311.54 -1.73 bps
T.Bills 221.53 221.29 -0.24 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

 The NASD OTC market today (Tuesday) closed on a positive note, as the Unlisted Securities Index (USI) closed at 715.82, representing a 0.41% appreciation against the previous day’s closing position. Similarly, Market Capitalization shed N2.29 billion closed at N524.35 billion, representing a 0.41% appreciation against the previous day’s closing position. Consequently, the aggregate volume and value increased by 3,809.75% and 154.65% respectively, as investors traded a total of 5,267,329 shares, worth N14.16 million in 16 deal.

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Sector Performance

Sector % Change
NSE30 -0.41
BANKING -2.80
CONSUMER GOODS 0.44
INDUSTRIAL 0.25
INSURANCE 0.14
LOTUS ISLAMIC 0.29
OIL/GAS 0.00

 

Top 7 Gainers

Company Pclose Open Close Change % Change
UNILEVER 12.45 12.45 13.65 1.20 9.64
CHAMS 0.22 0.22 0.23 0.01 4.55
REGALINS 0.22 0.22 0.23 0.01 4.55
JAPAULOIL 0.24 0.24 0.25 0.01 4.17
JAIZBANK 0.54 0.54 0.56 0.02 3.70
TRANSCORP 0.62 0.62 0.64 0.02 3.23
BUACEMENT 41.20 41.20 41.45 0.25 0.61

 

Top 7 Losers

Company Pclose Open Close Change % Change
ARBICO 1.71 1.71 1.54 -0.17 -9.94
GLAXOSMITH 4.80 4.80 4.35 -0.45 -9.38
ABCTRANS 0.55 0.55 0.50 -0.05 -9.09
STERLNBANK 1.27 1.27 1.21 -0.06 -4.72
AFRIPRUD 4.25 4.25 4.07 -0.18 -4.24
ZENITHBANK 16.20 16.20 15.60 -0.60 -3.70
GUARANTY 22.00 22.00 21.30 -0.70 -3.18

 

Top 7 Traders By VolumeTop

Company Volume Value(₦) Current Price
STERLNBANK                            78,917,069                        98,648,211 1.21
UBA                            15,776,635                        96,028,531 6.05
JAPAULOIL                            12,793,243                          3,215,789 0.25
FBNH                            10,933,254                        56,003,848 5.10
ZENITHBANK                            10,644,850                      167,105,218 15.60
GUARANTY                            10,403,330                      222,916,164 21.30
TRANSCORP                              9,289,855                          5,790,284 0.64

 

7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                            10,403,330                 222,916,163.75 21.30
ZENITHBANK                            10,644,850                 167,105,218.25 15.60
STERLNBANK                            78,917,069                   98,648,210.70 1.21
UBA                            15,776,635                   96,028,531.00 6.05
NESTLE                                   57,769                   64,818,973.70 1175.00
FBNH                            10,933,254                   56,003,847.95 5.10
MTNN                                 313,706                   36,613,901.20 115.00

 

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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