Sell-Off in 4 out of 5 Sectors Put The ASI in 0.21% Loss

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Activities in the Nigerian equities market today experienced sell-off from four sectors as the consumer goods emerged as the only gainer. Market breadth closed negative, recording 17 gainers and 21 losers.

NSE Trading Floor

In summary, the All Share Index (ASI) was down by 63.73 absolute points, representing a decrease of 0.21%, closing at 30,609.06 points. Similarly, Market Capitalization decreased by N23.27 billion representing a dip of 0.21%, closing at N11.18 trillion.

DIAMONDBANK emerged the top gainer while FORTE OIL emerged the top loser.

The downturn was impacted by loses recorded in medium and large capitalized stocks, amongst which are; WEMABANK (-8.47%), FIDELITY (-3.05%), OANDO (-3.03%), GUARANTY (-2.71%), FBNH (-2.68%), UNILEVER (-2.19%), HONYFLOUR (-0.90%),  and ZENITHBANK (-0.43%).

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MARKET STATISTICS

CAPN11,180,525,890,646.87One Day (ASI CHG)-0.21
Index30,609.06One Week (ASI CHG)-0.02
Volume214,961,742One Month (ASI CHG)-4.52
ValueN1,732,277,871.87Six Months (ASI CHG)-21.37
Deals2,97552 Weeks (ASI CHG)-21.37
Gainers17
Losers20
Unchanged55
Total92
YTD Returns-19.96

Source: NSE, GTI Research

FOREIGN EXCHANGE

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

The Investors and Exporters (I&E) FX window opened at N364.67, traded high at N366.00 and eventually closed at N365.18, representing a 0.01% appreciation against Friday’s closing price. A total of $498.14 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 38.58%,representing a 11.37% appreciation against Friday’s closing position, while OpenBuy-Back (OBB) rate also closed at 36.67%representing a 12.10% appreciation against Friday’s closing position.

FIXED INCOME
SecuritiesP. CloseCloseChange
Bond861.34866.07+4.73 bps
T.Bills608.25608.35
+0.10 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

Sector Performance

Sector%    Change
NSE30-0.26
BANKING-0.32
CONSUMER GOODS0.02
INDUSTRIAL-0.76
INSURANCE-1.17
LOTUS ISLAMIC-0.19
OIL/GAS-1.06


Top 7 Gainers

CompanyPcloseOpenCloseChange% Change
DIAMONDBNK0.950.91.040.099.47
ACCESS7.457.458.150.79.40
CCNN15.717.1517.151.459.24
NPFMCRFBK1.411.411.530.128.51
FIDSON4.64.64.950.357.61
VITAFOAM3.443.443.680.246.98
AFRIPRUD3.513.513.720.215.98


Top 7 Losers

CompanyPcloseOpenCloseChange% Change
FO24.124.121.7-2.4-9.96
IKEJAHOTEL1.871.871.69-0.18-9.63
WEMABANK0.590.590.54-0.05-8.47
LINKASSURE0.60.60.55-0.05-8.33
CAP37.2537.2534.85-2.4-6.44
JOHNHOLT0.480.480.45-0.03-6.25
JAPAULOIL0.220.220.21-0.01-4.55


Top 7 Traders By Volume

CompanyVolumeValue(₦)Current Price
DIAMONDBNK                      70,984,600.00                   72,643,106.08 1.04
MANSARD                      20,028,551.00                   40,056,550.62 2
FBNH                      16,524,566.00                 120,186,082.40 7.25
ACCESS                      13,615,589.00                 108,550,653.75 8.15
TRANSCORP                      12,289,502.00                   14,180,036.05 1.16
GUARANTY                      10,605,415.00                 363,422,213.65 34.05
FIDELITYBK                        8,873,373.00                   17,024,929.86 1.91


Top 7 Traders By Value

CompanyVolumeValue(₦)Current Price
GUARANTY                      10,605,415.00                 363,422,213.65 34.05
NB                        3,693,249.00                 291,598,722.80 79.4
UNILEVER                        4,455,262.00                 169,350,458.30 38.05
FBNH                      16,524,566.00                 120,186,082.40 7.25
ZENITHBANK                        4,893,457.00                 112,359,907.10 22.9
ACCESS                      13,615,589.00                 108,550,653.75 8.15
DIAMONDBNK                      70,984,600.00                   72,643,106.08 1.04


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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