Sell-off persist as market cap fall below N13 trillion

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The negative sentiment of investors on the Nigeria bourse persisted on Wednesday, as 15 stocks dragged the market capitalization below N13 trillion. The decline was impacted by further depreciation of blue chip stocks.  Consequently, the market breadth closed negatively with 12 gainers as against 15 losers.

NSE Trading Floor

In summary, the All Share Index (ASI) shed 210.98 absolute points, representing a slump of 0.79% to close at 26,598.94 points. Similarly, the Market Capitalization lost N102.71 billion representing a decline of 0.79%, to close at N12.95 trillion.

LEARNAFRCA emerged the top gainer  while PZ emerged as top loser.

The downtrend was impacted by losses recorded in large and medium capitalized stocks, amongst which are; PRESCO (4.83%), NB (-4.00%), DANGCEM (-3.91%), NESTLE (-1.22%), FBNH (-0.94%),  DANGFLOUR (-0.67%) and ZENITHBANK (-0.28%).

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MARKET STATISTICS  

CAP N12,948,249,241,005.31 One Day (ASI CHG) -0.79%
Index 26,598.94 One Week (ASI CHG) -2.62%
Volume 591,042,358 One Month (ASI CHG) -1.81%
Value N7,397,857,112.05 Six Months (ASI CHG) -8.78%
Deals 2,907 52 Weeks (ASI CHG) -17.95%
Gainers 12 Losers 15
Unchanged 64 Total 91
  YTD Returns -15.37%  

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira remained unchanged to close at N307.00/$1, as against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N362.30, traded high at N363.70 and eventually closed at N362.50 representing 0.01% depreciation as against yesterday’s position. A total of $465.36 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 5.07%, representing a 1.29% appreciation against  yesterday’s position, while Open Buy-Back (OBB) rate closed at 4.43%, representing a 1.36% appreciation against yesterday’s position.

FIXED INCOME
Securities P. Close Close Change
Bond 1017.42 1028.08 + 10.66 bps
T.Bills 563.18 562.98 – 0.20 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

NASD OTC MARKET         

The NASD OTC market returned back to negative sentiment on Wednesday, as the Unlisted Securities Index (USI) declined 0.08% to close at 697.71 points. Similarly, the Market Capitalization lost N400 million to close at N501.26 billion as against yesterday’s position. However, the aggregate volume and value grew by 7,411.33% and 1,615.92% respectively, as investors traded a total of 394,345 units of shares valued at N11.11 million in 15 deals.

NASD Daily Price List

 

Sector Performance

Sector %    Change
NSE30 -1.19
BANKING 0.35
CONSUMER GOODS -1.80
INDUSTRIAL -1.63
INSURANCE -0.77
LOTUS ISLAMIC -1.72
OIL/GAS 0.10

Top 7 Gainers

Company Pclose Open Close Change % Change
LEARNAFRCA 1.02 1.02 1.12 0.10 9.80
CHAMS 0.24 0.24 0.26 0.02 8.33
CORNERST 0.36 0.36 0.39 0.03 8.33
JAIZBANK 0.47 0.47 0.49 0.02 4.26
ACCESS 7.15 7.15 7.35 0.20 2.80
UACN 7.00 7.00 7.15 0.15 2.14
FO 15.70 15.70 16.00 0.30 1.91

Top 7 Losers

Company Pclose Open Close Change % Change
PZ 7.00 7.00 6.30 -0.70 -10.00
NCR 4.95 4.95 4.50 -0.45 -9.09
GUINNESS 32.50 32.50 30.00 -2.50 -7.69
UCAP 2.15 2.15 2.00 -0.15 -6.98
NEIMETH 0.46 0.46 0.43 -0.03 -6.52
PRESCO 40.35 40.35 38.40 -1.95 -4.83
NB 50.00 50.00 48.00 -2.00 -4.00

 Top 7 Traders By Volume 

Company Volume Value(₦) Current Price
ACCESS                             52,575,025                       383,439,612 7.35
WAPCO                             28,151,810                       450,347,260 16.00
GUARANTY                             21,840,535                       583,115,378 26.70
GUINNESS                             20,233,925                       607,005,092 30.00
TRANSCORP                             18,389,182                         18,373,907 1.00
ZENITHBANK                             15,491,573                       278,588,218 17.95
FBNH                             12,959,154                         69,600,485 5.25

 Top 7 Traders By Value     

Company Volume Value(₦) Current Price
DANGCEM                             12,501,416               1,812,989,631.00 145.00
GUINNESS                             20,233,925                  607,005,092.10 30.00
GUARANTY                             21,840,535                  583,115,377.85 26.70
WAPCO                             28,151,810                  450,347,259.95 16.00
ACCESS                             52,575,025                  383,439,611.55 7.35
NESTLE                                  247,055                  300,109,099.40 1215.00
ZENITHBANK                             15,491,573                  278,588,217.60 17.95

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