Profit taking in Dangcem and 26 others drags down Equity market by 0.44%

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The Equity Market closed lower today, shedding 0.58%, reversing yesterday’s positive sentiment. The downturn was due to profit taking in Dangote cement,  and 26 others. The Market breadth closed negative, recording 18 gainers against 27 losers.

 

 

In summary, the All Share Index (ASI) was down by 157.27 absolute points, representing an decrease of 0.44%, closing at 35,358.94 points. Similarly, the Market Capitalization was down by N57.42 billion, representing an decrease of 0.44%, closing at N12.91 trillion.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; FBNH (-7.22%), FLOURMILL (-7.06%), WAPCO (-5.56%), UBA (-3.59%), FO (-2.69%), HONEYFLOUR (-1.84%), ZENITHBANK (-0.90%), and DANGCEM (-0.43%).

 

FOREIGN EXCHANGE

The Naira at the inter-bank rate closed unchanged at N306.15 against yesterday’s closing price.

The Investors and Exporters (I&E) FX window opened at N362.53, traded high at N364.00 and eventually closed at N363.06, representing 0.19% depreciation against yesterday’s closing price. A total of $170.37 million was transacted through the I&E window today.

We expect the FX Market to trade within existing range in the next session.

MONEY MARKET

Overnight (O/N) rate closed at 11.75%, representing a 0.92% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate  closed  at 10.58% representing a 0.67% appreciation against yesterday’s closing position.

We expect the Money Market to trade within existing range in the next session.

 

Sector Performance

Sector %    Change
NSE30 -0.52
BANKING 0.18
CONGLOMERATE -0.98
CONSUMER GOODS -0.05
INDUSTRIAL -1.90
INSURANCE -0.31
LOTUS ISLAMIC 0.04
OIL/GAS 0.52

 

Top 7 Gainers                                                                                    Number of Gainer (18)

Company Pclose Open Close Change % Change
PORTPAINT 2.71 2.71 2.98 0.27 9.96
REGALINS 0.21 0.21 0.23 0.02 9.52
SKYEBANK 0.52 0.52 0.56 0.04 7.69
PZ 14.00 14.00 15.00 1.00 7.14
DIAMONDBNK 1.30 1.31 1.39 0.09 6.92
CUSTODIAN 5.10 5.10 5.45 0.35 6.86
SUNUASSUR 0.20 0.20 0.21 0.01 5.00

 

Top 7 Losers                                                                                     Number of Losers (27)

Company Pclose Open Close Change % Change
LIVESTOCK 0.60 0.60 0.54 -0.06 -10.00
STDINSURE 0.42 0.38 0.38 -0.04 -9.52
LASACO 0.33 0.33 0.30 -0.03 -9.09
FIRSTALUM 0.36 0.36 0.33 -0.03 -8.33
FBNH 9.70 9.70 9.00 -0.70 -7.22
FLOURMILL 24.80 24.80 23.05 -1.75 -7.06
WAPIC 0.36 0.36 0.34 -0.02 -5.56

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
NEM                     180,058,077.00                 540,133,482.00 3.00
UBA                       27,198,876.00                 221,463,409.05 8.05
TRANSCORP                       21,747,282.00                   27,364,342.84 1.25
ETI                       19,152,473.00                 383,049,969.05 20.05
FCMB                       11,627,300.00                   21,966,013.48 1.89
GUARANTY                         8,982,400.00                 350,232,693.25 39.05
ZENITHBANK                         8,301,538.00                 184,212,974.00 22.00

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
NEM                     180,058,077.00                 540,133,482.00 3.00
ETI                       19,152,473.00                 383,049,969.05 20.05
GUARANTY                         8,982,400.00                 350,232,693.25 39.05
UBA                       27,198,876.00                 221,463,409.05 8.05
ZENITHBANK                         8,301,538.00                 184,212,974.00 22.00
TOTAL                            342,294.00                   65,388,960.10 192.00
NB                            626,687.00                   62,678,225.00 100.00

 

 

 

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