Price depreciation on 19 stocks drag NSE-ASI down by 0.31%

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Activities on the Nigerian Stock Exchange (NSE) resumed the new week on a bearish note, declining 0.31% from its opening position. The dip was drive by profit taking on 19 stocks across the five major sectors, led by Industrial goods.  Similarly, market breadth closed negative, recording 12 gainers and 19 losers.

NSE Trading Floor

The All Share Index (ASI) dipped by 97.03 absolute points, representing a decline of 0.31%, to close at 31,042.32 points. Similarly, Market Capitalization lost N36.19 billion representing a decrease of 0.31%, to close at N11.58trillion.

REDSTAREX emerged the top gainer while ACADEMY emerged as the top loser.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; ACCESS (-6.57%), NEM (-5.56%), DANGFLOUR (-4.31%), CCNN (-4.31%), OANDO (-3.45%), ZENITHBANK (-2.49%), MOBIL (-1.76%), FCMB (-1.02%), TRANSCORP (-0.79%), DANGCEM (-0.63%), FBNH (-0.61%), and NESTLE (-0.13%)

Click here for more on NSE Daily Price List

 

MARKET STATISTICS

CAP N11,576,161,940,085.70 One Day (ASI CHG) -0.31
Index 31,042.32 One Week (ASI CHG) -0.27
Volume 168,721,911 One Month (ASI CHG) -5.07
Value N3,751,627,631.68 Six Months (ASI CHG) -6.26
Deals 3,048 52 Weeks (ASI CHG) -25.15
Gainers 12 Losers 19
Unchanged 73 Total 104
  YTD Returns -1.24  

 

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the inter-bank rate closed at N306.95 representing a 0.02% depreciation against Friday’s closing position.

The Investors and Exporters (I&E) FX window opened at N360.68, traded high at N363.50 and eventually closed at N360.39, representing a 0.01% appreciation against Friday’s closing position. A total of $231.34 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 24.43%, representing a 9.60% appreciation against Friday’s closing position, while Open Buy-Back (OBB) rate also closed at 22.43%, representing a 8.18% appreciation against Friday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 891.11 890.08 -1.03 bps
T.Bills 560.06 557.64 -2.42 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

Sector Performance       

Sector %    Change
NSE30 -0.19
BANKING -0.78
CONSUMER GOODS -0.20
INDUSTRIAL -1.64
INSURANCE -0.97
LOTUS ISLAMIC -0.76
OIL/GAS -0.74

Top 7 Gainers      

Company Pclose Open Close Change % Change
REDSTAREX 5.00 5.00 5.50 0.50 10.00
UPL 1.85 1.85 2.00 0.15 8.11
STANBIC 45.50 45.50 48.50 3.00 6.59
AIICO 0.72 0.72 0.75 0.03 4.17
WEMABANK 0.77 0.77 0.80 0.03 3.90
UNITYBNK 0.81 0.81 0.84 0.03 3.70
STERLNBANK 2.32 2.32 2.40 0.08 3.45

 Top 7 Losers           

Company Pclose Open Close Change % Change
ACADEMY 0.36 0.36 0.33 -0.03 -8.33
CHIPLC 0.29 0.29 0.27 -0.02 -6.90
ACCESS 6.85 6.85 6.40 -0.45 -6.57
NEM 2.34 2.34 2.21 -0.13 -5.56
FIDELITYBK 2.37 2.37 2.25 -0.12 -5.06
NPFMCRFBK 1.59 1.59 1.51 -0.08 -5.03
NASCON 20.00 20.00 19.00 -1.00 -5.00

Top 7 Traders By Volume        

Company Volume Value(₦) Current Price
GUARANTY                            46,974,914                   1,762,704,302 37.50
ZENITHBANK                            28,643,560                      627,643,895 21.50
ACCESS                            18,508,758                      121,979,451 6.40
FBNH                            16,387,418                      134,410,924 8.20
UBA                              8,111,586                        62,848,811 7.80
FIDELITYBK                              7,903,183                        17,732,304 2.25
UCAP                              3,710,095                        10,510,668 2.82

Top 7 Traders By Value       

Company Volume Value(₦) Current Price
GUARANTY                            46,974,914              1,762,704,302.15 37.50
ZENITHBANK                            28,643,560                 627,643,895.40 21.50
NESTLE                                 175,084                 262,181,167.10 1498.00
PRESCO                              3,330,539                 225,033,379.20 68.00
STANBIC                              3,492,949                 169,328,997.80 48.50
DANGCEM                                 810,884                 152,879,519.60 188.50
FBNH                            16,387,418                 134,410,923.50 8.20

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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