NSE-ASI Decline by 1.89% as MTNN, DANGCEM Halts Rally

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The bullish run on the Nigeria bourse since the listing of MTN Nigeria Communications Plc (MTNN) was put halted after today’s trading activities. The decline was impacted by the market bellwethers, mainly Dangote Cement Plc (DANGCEM), MTN Nigeria Communications Plc (MTNN) and 19 others. Market breadth closed positive, recording 21 gainers and 17 losers.

NSE Trading Floor

The All Share Index (ASI) shed 596.22 absolute points, representing a decline of 1.89% to close at 30,881.29 points. Similarly, Market Capitalization dipped by N262.61 billion, representing a decrease of 1.89% to close at N13.60 trillion.

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

The downturn was impacted by losses recorded in large and medium capitalized stocks, amongst which are; MTNN (-6.04%), NB (-6.00%), FLOURMILL (-4.17%), DANGCEM (-2.44%), WEMABANK (-1.67%),  ACCESS (-0.85%), and DANGSUGAR (-0.37%).

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MARKET STATISTICS  

CAP N13,601,777,957,017.87 One Day (ASI CHG) -1.89%
Index 30,881.29 One Week (ASI CHG) +6.96%
Volume 294,064,586 One Month (ASI CHG) +3.29%
Value N6,628,142,552.32 Six Months (ASI CHG) -2.52%
Deals 4,352 52 Weeks (ASI CHG) -22.26%
Gainers 21 Losers 17
Unchanged 64 Total 102
  YTD Returns -1.75%  

Source: NSE, GTI Research

 

FOREIGN EXCHANGE

The Naira exchange rate at the official window stayed unchanged, closing  at  N306.90/$1, against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N360.26, traded high at N361.50 and eventually closed at N360.39 representing a 0.04% depreciation as against yesterday’s closing position. A total of $342.66 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 12.00%, representing a 1.50% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 11.14%, representing a 1.29% appreciation against yesterday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 944.27 948.74 +4.47 bps
T.Bills 512.00 510.20 -1.80bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

NASD OTC MARKET         

The NASD market today closed negative, as the Unlisted Securities Index (USI) declined 2.05% to close at 749.88 points. Market Capitalization also declined by N11.28 billion to close at N538.74 billion. Conversely, market activities measured by aggregate volume and value grew by 1,297.59% and 105.67% respectively. Investors traded a total of 227,877 units of shares valued at N2.98 million in 22 deals.

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Sector Performance           

Sector %    Change
NSE30 -0.53
BANKING 1.23
CONSUMER GOODS -0.39
INDUSTRIAL -1.29
INSURANCE -0.14
LOTUS ISLAMIC -0.38
OIL/GAS 0.14

Top 7 Gainers    

Company Pclose Open Close Change % Change
ETI 9.15 9.15 10.05 0.90 9.84
FIDSON 4.60 4.60 5.05 0.45 9.78
FIDELITYBK 1.65 1.65 1.81 0.16 9.70
JAPAULOIL 0.24 0.24 0.26 0.02 8.33
ABCTRANS 0.26 0.26 0.28 0.02 7.69
AGLEVENT 0.28 0.28 0.30 0.02 7.14
UCAP 2.10 2.10 2.24 0.14 6.67

Top 7 Losers           

Company Pclose Open Close Change % Change
NEIMETH 0.56 0.56 0.51 -0.05 -8.93
CHIPLC 0.25 0.25 0.23 -0.02 -8.00
ACADEMY 0.27 0.27 0.25 -0.02 -7.41
MTNN 149.00 149.00 140.00 -9.00 -6.04
NB 61.70 61.70 58.00 -3.70 -6.00
STANBIC 44.05 44.05 42.05 -2.00 -4.54
UNITYBNK 0.68 0.68 0.65 -0.03 -4.41

 Top 7 Traders By Volume    

Company Volume Value(₦) Current Price
GUARANTY                             54,759,138                    1,700,948,175 31.10
UBA                             46,173,273                       262,390,583 5.75
ACCESS                             39,977,595                       232,115,824 5.80
ZENITHBANK                             31,693,102                       603,634,755 19.00
FBNH                             18,452,799                       129,896,363 7.05
FIDELITYBK                               9,315,868                         16,149,470 1.81
FLOURMILL                               8,468,501                       118,551,224 13.80

 Top 7 Traders By Value     

Company Volume Value(₦) Current Price
GUARANTY                             54,759,138               1,700,948,175.35 31.10
DANGCEM                               7,755,960               1,536,194,014.50 200.00
MTNN                               7,723,355               1,156,633,845.15 140.00
ZENITHBANK                             31,693,102                  603,634,754.55 19.00
NB                               7,111,578                  413,108,024.10 58.00
UBA                             46,173,273                  262,390,582.60 5.75
ACCESS                             39,977,595                  232,115,823.60 5.80

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