Oil & Gas and Banking Sector Led Equity Market to Another Decline

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The equity market today extend its negative sentiment to six successive trading sessions, as the All Share Index (ASI) declined further by 0.50% from yesterday’s position. Today’s decline was impacted by huge selloff in Oil & Gas and Banking sector while others closed positive. However, market breadth closed positive, recording 24 gainers and 15 losers.

NSE Trading Floor

The All Share Index (ASI) shed 115.53 absolute points, representing a decline of 0.50%, to close at 30,885.31 points. Similarly, Market Capitalization lost N58.00 billion representing a dip of 0.50%, to close at N11.52trillion.

SOVRENINS emerged the top gainer while CHAMPION emerged as the top loser.

The downtrend was impacted by losses recorded in medium and large capitalized stocks, amongst which are; SEPLAT (-5.43%), UCAP (-3.51%), FCMB (-2.04%), GUARANTY (-1.77%), STANBIC (-1.10%), ZENITHBANK (-0.90%), DANGCEM (-0.69%), and FIDELITYBK (-0.41%)

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MARKET STATISTICS

CAP N11,517,611,391,395.07 One Day (ASI CHG) -0.50
Index 30,885.31 One Week (ASI CHG) -1.04
Volume 250,029,269 One Month (ASI CHG) -5.17
Value N2,430,790,570.45 Six Months (ASI CHG) -5.09
Deals 3,869 52 Weeks (ASI CHG) -25.57
Gainers 24 Losers 15
Unchanged 56 Total 95
  YTD Returns -1.73  

 

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the inter-bank rate remain unchanged to closed at N306.90 against yesterday’s closing position.

The Investors and Exporters (I&E) FX window opened at N360.13, traded high at N361.50 and eventually closed at N360.47, representing a 0.02% depreciation against yesterday’s closing position. A total of $129.18 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 17.25%, representing a 6.08% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate also closed at 16.00%, representing a 5.83% appreciation against yesterday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 883.28 898.11 +14.83 bps
T.Bills 558.16 570.59 +12.43 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

Sector Performance       

Sector %    Change
NSE30 -0.66
BANKING -0.35
CONSUMER GOODS 0.13
INDUSTRIAL 1.18
INSURANCE 0.43
LOTUS ISLAMIC 0.46
OIL/GAS -3.28

Top 7 Gainers      

Company Pclose Open Close Change % Change
SOVRENINS 0.20 0.20 0.22 0.02 10.00
IKEJAHOTEL 1.56 1.56 1.71 0.15 9.62
AIICO 0.65 0.65 0.71 0.06 9.23
ETERNA 4.40 4.40 4.80 0.40 9.09
MBENEFIT 0.22 0.22 0.24 0.02 9.09
MCNICHOLS 0.66 0.66 0.71 0.05 7.58
PZ 10.50 10.50 11.25 0.75 7.14

 Top 7 Losers         

Company Pclose Open Close Change % Change
CHAMPION 1.55 1.55 1.40 -0.15 -9.68
ABCTRANS 0.54 0.54 0.49 -0.05 -9.26
CHIPLC 0.29 0.29 0.27 -0.02 -6.90
ROYALEX 0.31 0.31 0.29 -0.02 -6.45
SEPLAT 581.60 581.60 550.00 -31.60 -5.43
WAPIC 0.41 0.41 0.39 -0.02 -4.88
VERITASKAP 0.21 0.21 0.20 -0.01 -4.76

 

Top 7 Traders By Volume      

Company Volume Value(₦) Current Price
ACCESS                            93,471,095                      638,535,880 6.90
ZENITHBANK                            30,752,160                      678,708,553 22.00
UBA                            24,586,905                      192,827,269 7.70
FBNH                            19,842,023                      162,719,252 8.20
FIDELITYBK                            12,159,815                        28,858,842 2.40
TRANSCORP                              8,811,348                        11,096,621 1.27
FCMB                              7,231,861                        13,944,070 1.92

Top 7 Traders By Value       

Company Volume Value(₦) Current Price
ZENITHBANK                            30,752,160                 678,708,553.20 22.00
ACCESS                            93,471,095                 638,535,880.25 6.90
GUARANTY                              6,756,066                 245,939,398.95 36.15
UBA                            24,586,905                 192,827,268.80 7.70
FBNH                            19,842,023                 162,719,251.55 8.20
DANGCEM                                 623,113                 118,006,359.80 188.10
SEPLAT                                 183,018                 101,110,040.00 550.00

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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