Sell-Off Persist on local bourse as ASI dips further by 0.67%

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The Nigeria equity market today extend it bearish run to a third consecutive session as sell pressure in four of the five sectors erodes N78.74bn from the market capitalization.  Consequently, market breadth closed negative, recording 11 gainers and 19 losers.

NSE Trading Floor

The All Share Index (ASI) dipped by 209.41 absolute points, representing a decline of 0.67%, to close at 30,829.45 points. Similarly, Market Capitalization shed N78.74 billion representing a decrease of 0.67%, to close at N11.59trillion.

UNIONDAC emerged the top gainer while NEM emerged as the top loser.

The downtrend was impacted by losses recorded in medium and large capitalized stocks, amongst which are; STANBIC (-5.15%), FLOURMILL (-5.01%), DANGFLOUR (-3.93%), GUARANTY (-3.74%), WEMABANK (-2.67%), FBNH (-2.42%), PZ (-1.96%), SEPLAT (-1.82%), ACCESS (-0.78%), and STERLNBANK (-0.42%).

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MARKET STATISTICS  

CAP N11,592,394,770,150.35 One Day (ASI CHG) -0.67
Index 30,829.45 One Week (ASI CHG) -0.68
Volume 131,430,329 One Month (ASI CHG) -4.39
Value N1,403,209,301.86 Six Months (ASI CHG) -5.90
Deals 2,786 52 Weeks (ASI CHG) -25.25
Gainers 11 Losers 19
Unchanged 71 Total 101
  YTD Returns -1.97  

 

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the inter-bank rate remain unchanged to closed at N306.95  against yesterday’s closing position.

The Investors and Exporters (I&E) FX window opened at N360.31, traded high at N361.50 and eventually closed at N360.68, representing a 0.12% depreciation against yesterday’s closing position. A total of $307.05 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 15.50%, representing a 1.79% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate also closed at 15.14%, representing a 1.29% depreciation against yesterday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 890.11 888.82 -1.29 bps
T.Bills 556.65 554.00 -2.65 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

Sector Performance        

Sector %    Change
NSE30 -0.79
BANKING -0.98
CONSUMER GOODS -0.39
INDUSTRIAL 0.03
INSURANCE -1.32
LOTUS ISLAMIC -0.13
OIL/GAS -0.84

Top 7 Gainers       

Company Pclose Open Close Change % Change
UNIONDAC 0.30 0.30 0.33 0.03 10.00
CUTIX 1.85 1.85 2.03 0.18 9.73
MEDVIEWAIR 1.70 1.70 1.80 0.10 5.88
CADBURY 10.85 10.85 11.20 0.35 3.23
UBN 6.90 6.90 7.10 0.20 2.90
TRANSCORP 1.21 1.21 1.24 0.03 2.48
ZENITHBANK 21.70 21.70 22.00 0.30 1.38

 Top 7 Losers            

Company Pclose Open Close Change % Change
NEM 2.35 2.35 2.22 -0.13 -5.53
STANBIC 48.50 48.50 46.00 -2.50 -5.15
FLOURMILL 18.95 18.95 18.00 -0.95 -5.01
NIGERINS 0.22 0.22 0.21 -0.01 -4.55
NASCON 19.00 19.00 18.20 -0.80 -4.21
DANGFLOUR 11.45 11.45 11.00 -0.45 -3.93
PRESCO 64.50 64.50 62.00 -2.50 -3.88

Top 7 Traders By Volume       

Company Volume Value(₦) Current Price
ZENITHBANK                            27,925,522                      606,598,780 22.00
STERLNBANK                            25,014,528                        58,718,617 2.39
ACCESS                            16,191,138                      104,107,289 6.40
UBA                            11,402,637                        88,522,724 7.75
FCMB                              7,420,982                        14,437,840 1.94
FBNH                              5,787,255                        46,700,121 8.05
FIDELITYBK                              5,715,481                        13,115,180 2.30

Top 7 Traders By Value       

Company Volume Value(₦) Current Price
ZENITHBANK                            27,925,522                 606,598,779.50 22.00
NB                              2,255,514                 151,269,213.70 67.00
ACCESS                            16,191,138                 104,107,289.35 6.40
UBA                            11,402,637                   88,522,724.05 7.75
STERLNBANK                            25,014,528                   58,718,616.65 2.39
GUARANTY                              1,306,330                   47,759,771.30 36.00
FBNH                              5,787,255                   46,700,121.30 8.05

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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