Sell-off persist as NSE All Share Index shed 0.04%

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Sell-off in the Nigerian equity market persisted as the All Share Index shed 0.04%. Likewise, all market sectors declined with the Insurance sector posting the highest decline. Market breadth closed negative, recording 12 gainers against 15 losers.

NSE Trading Floor

The All Share Index (ASI) shed 12.78 absolute points, representing a decrease of 0.04% to close at 29,149.46 points. Similarly, Market Capitalization decreased by N4.80 billion representing a decline of 0.04% to close at N10.95 trillion.

GUARANTY emerged the top gainer while NEM emerged as the top losers.

The downtrend was impacted by losses recorded in medium and large capitalized stocks, amongst which are; CHIPLC (-4.00%), OANDO (-3.00%), DANGSUGAR (-2.18%), TRANSCORP (-1.75%), FCMB (-1.60%), FBNH (-1.37%),  DANGCEM (-0.27%),  and ZENITHBANK (-0.25%).

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MARKET STATISTICS  

CAP N10,948,759,970,801.20 One Day (ASI CHG) -0.04
Index 29,149.46 One Week (ASI CHG) -4.51
Volume 374,026,184 One Month (ASI CHG) -8.69
Value N3,057,257,127.99 Six Months (ASI CHG) -10.08
Deals 3,634 52 Weeks (ASI CHG) -27.90
Gainers 12 Losers 15
Unchanged 71 Total 98
  YTD Returns -7.26  

 

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the inter-bank rate remained unchanged to close at N307.00 against yesterday’s closing position.

The Investors and Exporters (I&E) FX window opened at N360.30, traded high at N362.00 and eventually closed at N360.55, representing 0.04% appreciation against yesterday’s closing position. A total of $88.79 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 16.21%, representing an 3.79% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate also closed at 15.43%, representing an 4.00% depreciation against yesterday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 945.47 944.34 -1.13 bps
T.Bills 537.27 534.04 -3.23 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

Sector Performance  

Sector %    Change
NSE30 -0.03
BANKING -0.48
CONSUMER GOODS -0.17
INDUSTRIAL -0.13
INSURANCE -1.76
LOTUS ISLAMIC -0.27
OIL/GAS -0.38

     

  Top 7 Gainers       

Company Pclose Open Close Change % Change
GUARANTY 31.55 31.55 34.00 2.45 7.77
CHAMS 0.26 0.28 0.28 0.02 7.69
STANBIC 43.20 43.20 46.00 2.80 6.48
UNIONDAC 0.22 0.21 0.23 0.01 4.55
SOVRENINS 0.23 0.23 0.24 0.01 4.35
MAYBAKER 2.30 2.30 2.38 0.08 3.48
LASACO 0.29 0.29 0.30 0.01 3.45

 Top 7 Losers      

Company Pclose Open Close Change % Change
NEM 2.33 2.33 2.10 -0.23 -9.87
ETI 11.25 11.25 10.50 -0.75 -6.67
LIVESTOCK 0.53 0.53 0.50 -0.03 -5.66
NIGERINS 0.21 0.21 0.20 -0.01 -4.76
NASCON 20.00 20.00 19.05 -0.95 -4.75
FIDELITYBK 1.94 1.94 1.85 -0.09 -4.64
CHIPLC 0.25 0.25 0.24 -0.01 -4.00

   Top 7 Traders By Volume      

Company Volume Value(₦) Current Price
STERLNBANK                           119,718,964                       311,311,788 2.60
CHAMS                             50,233,524                         14,060,975 0.28
FBNH                             44,585,763                       323,135,169 7.20
UBA                             26,934,117                       161,941,613 6.15
GUARANTY                             24,072,320                       787,994,299 34.00
ZENITHBANK                             23,352,135                       471,286,356 20.15
TRANSCORP                             21,684,436                         24,501,447 1.12

    Top 7 Traders By Value       

Company Volume Value(₦) Current Price
GUARANTY                             24,072,320                  787,994,298.70 34.00
ZENITHBANK                             23,352,135                  471,286,356.10 20.15
FBNH                             44,585,763                  323,135,169.45 7.20
STANBIC                               7,025,290                  323,114,533.40 46.00
STERLNBANK                           119,718,964                  311,311,788.26 2.60
NESTLE                                  171,144                  248,163,017.80 1450.00
NB                               3,045,040                  182,981,705.50 60.20

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