Price depreciation in Dangcem and 11 others cause Investors to lose N21 billion

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Activities on the Nigeria bourse sustained free fall as investors lost N21 billion from previous day’s investment. The decline was driven by price depreciation on Dangcem and 11 other stocks. However, market breadth closed positively, recording 18 gainers as against 12 losers. 

NSE Trading Floor

The All Share Index (ASI) decreased by 42.26 absolute points, representing a dip of 0.16% to close at 27,047.58 points. Similarly, the Market Capitalization lost N20.56 billion, representing a decline of 0.16% to close at N13.16 trillion.

UAC-PROP emerged the top gainer  while THOMASWY emerged as top loser.

The downtrend was impacted by losses recorded in large and medium capitalized stocks, amongst which are; CCNN (-6.61%), UACN (-6.06%), NESTLE (-4.93%), FO (-3.45%),  and DANGCEM (-0.45%).

Click here for more on NSE Daily Price List

 

MARKET STATISTICS  

CAP N13,158,351,450,010.70 One Day (ASI CHG) -0.16%
Index 27,047.58 One Week (ASI CHG) -1.95%
Volume 364,217,529 One Month (ASI CHG) -0.95%
Value N4,862,258,923.02 Six Months (ASI CHG) -15.28%
Deals 4,629 52 Weeks (ASI CHG) -19.53%
Gainers 18 Losers 12
Unchanged 68 Total 98
  YTD Returns -13.94%  

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira exchange rate closed at N306.85/$1, representing 0.02% appreciation as against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N361.70, traded high at N366.44 and eventually closed at N361.80 representing a 0.10% appreciation against yesterday’s position. A total of $196.51 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 12.93%, representing a 4.61% appreciation against  yesterday’s position, while Open Buy-Back (OBB) rate closed at 12.14%, representing a 5.00% appreciation against yesterday’s position.

FIXED INCOME
Securities P. Close Close Change
Bond 1031.01 1031.84 +0.83 bps
T.Bills 541.29 538.24 -3.05 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

NASD OTC MARKET         

The NASD market extends positive sentiment with marginal gain, as the Unlisted Securities Index (USI) grew by 0.01% to close at 719.35  points. Similarly, the Market Capitalization gained N50 million to close at N519.81 billion as against yesterday’s position. The aggregate volume and value also grew by  731.51% and 132.39% respectively as investors traded a total of 485,720 units of shares valued at N6.56 million in 3 deals.

NASD Daily Price List

 

Sector Performance      

Sector %    Change
NSE30 -0.19
BANKING 1.00
CONSUMER GOODS -2.22
INDUSTRIAL -1.61
INSURANCE -0.49
LOTUS ISLAMIC -2.14
OIL/GAS -0.19

Top 7 Gainers

Company Pclose Open Close Change % Change
UAC-PROP 1.08 1.18 1.18 0.10 8.47
FBNH 4.65 4.65 5.00 0.35 7.53
DANGFLOUR 21.00 21.00 22.25 1.25 5.95
WAPIC 0.37 0.37 0.39 0.02 5.41
COURTVILLE 0.21 0.21 0.22 0.01 4.76
HONYFLOUR 0.93 0.93 0.97 0.04 4.30
LASACO 0.27 0.27 0.28 0.01 3.70

Top 7 Losers               

Company Pclose Open Close Change % Change
THOMASWY 0.42 0.42 0.38 -0.04 -9.52
CONTINSURE 1.63 1.63 1.51 -0.12 -7.36
CCNN 17.40 17.40 16.25 -1.15 -6.61
UPL 1.12 1.12 1.05 -0.07 -6.25
UACN 6.60 6.60 6.20 -0.40 -6.06
NESTLE 1136.00 1136.00 1080.00 -56.00 -4.93
MAYBAKER 1.99 1.99 1.90 -0.09 -4.52

 Top 7 Traders By Volume 

Company Volume Value(₦) Current Price
GUARANTY                             78,637,195                    2,115,458,063 26.85
COURTVILLE                             49,016,729                         10,704,216 0.22
ACCESS                             43,875,984                       301,920,893 6.95
ZENITHBANK                             40,299,822                       732,934,636 18.20
FBNH                             36,505,752                       179,854,658 5.00
MBENEFIT                             27,444,684                           5,488,937 0.20
TRANSCORP                             16,529,348                         16,688,430 1.01

 Top 7 Traders By Value             

Company Volume Value(₦) Current Price
GUARANTY                             78,637,195               2,115,458,062.75 26.85
ZENITHBANK                             40,299,822                  732,934,635.55 18.20
DANGCEM                               4,440,142                  683,687,954.40 155.00
ACCESS                             43,875,984                  301,920,893.45 6.95
NESTLE                                  213,576                  231,351,403.30 1080.00
FBNH                             36,505,752                  179,854,658.00 5.00
STANBIC                               3,571,909                  128,534,711.10 36.00

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