NSE ASI dips by 0.83%, halts 3 days gaining streak

315 Views

The Nigerian Equity Market on Tuesday recorded a decline of 0.83% to halt three days consecutive gaining streak. The decline was driven by profit taking, mostly on bellwether stocks. Consequently, the market breadth closed negative, recording 15 gainers against 16 losers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 247.80 absolute points, representing a decline of 0.83% to close at 29,462.76 points, Similarly, the overall Market Capitalization size decreased by N127.64 billion, representing a growth of 0.83% to close at N15.18 trillion.

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

The downturn was impacted by losses recorded in large and medium capitalized stocks, amongst which are; ETERNA (-9.72%), ACCESS (-6.51%), GUARANTY (-5.29%), FCMB (-4.46%), UBA (-3.95%), ZENITHBANK (-1.76%), BUACEMENT (-1.49%), UACN (-1.40%), and DANGCEM (-1.14%).

Click here for more on NSE Daily Price List

 

MARKET STATISTICS

CAP N15,176,046,821,525.22 One Day (ASI CHG) -0.83%
Index 29,462.76 One Week (ASI CHG) +0.61%
Volume 272,839,922 One Month (ASI CHG) +11.07%
Value N3,713,082,469.78 Six Months (ASI CHG) +5.53%
Deals 4,945 52 Weeks (ASI CHG) -4.13%
Gainers 15 Losers 16
Unchanged 76 Total 100
YTD Returns +9.76%

Source: NSE, GTI Research

 

 

FOREIGN EXCHANGE

The Naira at the official window on Tuesday closed unchanged at 306.95/$1, against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N361.83, traded high at N365.10 and eventually closed at N362.20, representing a 0.05% appreciation as against yesterday’s closing position. A total of $154.85 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 3.10%, representing 0.40% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 2.40%,  representing 0.18% depreciation against yesterday’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 576.70 568.13 -8.57 bps
T.Bills 434.74 435.42 -0.68 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

NASD OTC MARKET

The NASD OTC market on Tuesday closed on negative as the Unlisted Securities Index (USI) dipped by 0.14% to close at 702.69. Similarly, Market Capitalization shed N680 million, closing at N504.84 billion. Consequently, the aggregate volume and value decreased by 94.53% while the aggregated value increased by 131.49%, as investors traded a total of 22,110 volume of shares valued at N3.56 million in 6 deals.

NASD Daily Price List

 

Sector Performance

Sector %    Change
NSE30 -0.88
BANKING -3.58
CONSUMER GOODS 0.34
INDUSTRIAL -0.45
INSURANCE 0.70
LOTUS ISLAMIC -0.59
OIL/GAS 0.29

Top 7 Gainers 

Company Pclose Open Close Change % Change
LAWUNION 0.55 0.55 0.60 0.05 9.09
UNITYBNK 0.65 0.65 0.69 0.04 6.15
WAPCO 16.35 16.35 17.35 1.00 6.12
HONYFLOUR 1.03 1.03 1.08 0.05 4.85
COURTVILLE 0.23 0.23 0.24 0.01 4.35
TRANSCORP 1.03 1.03 1.07 0.04 3.88
LIVESTOCK 0.55 0.55 0.57 0.02 3.64

Top Losers

Company Pclose Open Close Change % Change
ARBICO 3.51 3.51 3.16 -0.35 -9.97
ETERNA 3.60 3.60 3.25 -0.35 -9.72
CHAMPION 0.98 0.98 0.91 -0.07 -7.14
ACCESS 10.75 10.75 10.05 -0.70 -6.51
GUARANTY 34.00 34.00 32.20 -1.80 -5.29
FCMB 2.02 2.02 1.93 -0.09 -4.46
JAIZBANK 0.69 0.69 0.66 -0.03 -4.35

 Top 7 Traders By Volume

Company Volume Value(₦) Current Price
ZENITHBANK                             57,809,636                    1,306,901,298 22.35
ACCESS                             33,001,195                       340,753,691 10.05
UBA                             22,425,192                       193,717,085 8.50
OANDO                             18,206,056                         65,589,810 3.60
FCMB                             16,242,102                         32,327,140 1.93
AUSTINLAZ                             15,000,000                         31,400,000 2.09
FIDELITYBK                             11,285,804                         25,221,334 2.24

Top 7 Traders By Value 

Company Volume Value(₦) Current Price
ZENITHBANK                             57,809,636               1,306,901,298.40 22.35
DANGCEM                               2,392,021                  414,006,048.60 173.00
MTNN                               2,749,116                  351,205,692.70 128.50
ACCESS                             33,001,195                  340,753,691.30 10.05
GUARANTY                               9,361,871                  304,999,403.80 32.20
UBA                             22,425,192                  193,717,084.95 8.50
WAPCO                             10,179,529                  174,414,987.55 17.35

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.

You may also like...