Sell pressure drags Nigerian stocks down by 0.67%

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Activities on the Nigerian bourse sustain previous negative sentiment by extending the downtrend to three consecutive trading sessions, following profit taking in big-name stocks. Consequently, the market breadth closed negative, recording 11 gainers against 18 losers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 184.93 absolute points, representing a dip of 0.67% to close at 27,570.94 points. Similarly, the overall Market Capitalization size shed N96.31 billion, representing a dip of 0.67% to close at N14.36 trillion.

JAIZBANK emerged as the top gainer while LAWUNION emerged as top loser.

The downtrend was impacted by losses recorded in large and medium capitalized stocks, amongst which are; ETI (-8.57%), DANGSUGAR (-3.89%), GUARANTY (-3.01%), WAPCO (-2.58%), FIDELITYBK (-0.47%) and ZENITHBANK (-0.25%)

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MARKET STATISTICS

CAP N14,359,617,776,210.39 One Day (ASI CHG) -0.67%
Index 27,570.94 One Week (ASI CHG) -0.72%
Volume 134,612,472 One Month (ASI CHG) -6.91%
Value N1,583,741,596.98 Six Months (ASI CHG) +1.68%
Deals 3,302 52 Weeks (ASI CHG) -14.35%
Gainers 11 Losers 18
Unchanged 63 Total 92
YTD Returns +7.72%

Source: NSE, GTI Research

 

 

FOREIGN EXCHANGE

The Naira at the official window on Monday closed unchanged at 306.95/$1, against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N364.93, traded high at N365.75 and eventually closed at N364.95, representing a 0.05% depreciation as against Friday’s closing position. A total of $282.33 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 3.50%, representing a 0.25% appreciation against Friday’s closing position, while Open Buy-Back (OBB) rate closed at 2.92%, representing 0.42% appreciation against Friday’s position.

 

 

FIXED INCOME
Securities P. Close Close Change
Bond 521.44 520.94 -0.5 bps
T.Bills 571.82 562.58 -9.24 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

The NASD OTC market on Monday remained unchanged as the Unlisted Securities Index (USI) closed at 697.67, against Friday’s closing position. Similarly, Market Capitalization closed at N501.59 billion, unchanged against Friday’s position. However, the aggregate volume and value decreased by 97.45% and 98.41%, as investors traded a total of 20,353 volume of shares, valued at N2.58 million in 5 deals.

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Sector Performance

Sector %    Change
NSE30 -0.74
BANKING -1.46
CONSUMER GOODS -1.25
INDUSTRIAL -1.55
INSURANCE -0.76
LOTUS ISLAMIC -0.58
OIL/GAS 0.56

 

Top 7 Gainers

Company Pclose Open Close Change % Change
JAIZBANK 0.64 0.64 0.68 0.04 6.25
JAPAULOIL 0.20 0.20 0.21 0.01 5.00
OANDO 3.45 3.45 3.60 0.15 4.35
CORNERST 0.54 0.54 0.56 0.02 3.70
NPFMCRFBK 1.11 1.11 1.15 0.04 3.60
CHAMS 0.28 0.28 0.29 0.01 3.57
TRANSCORP 0.93 0.93 0.95 0.02 2.15

 

Top 7 Losers

Company Pclose Open Close Change % Change
LAWUNION 1.15 1.15 1.04 -0.11 -9.57
WAPIC 0.33 0.33 0.30 -0.03 -9.09
INTBREW 7.75 7.75 7.05 -0.70 -9.03
UNITYBNK 0.57 0.57 0.52 -0.05 -8.77
ETI 7.00 7.00 6.40 -0.60 -8.57
ABCTRANS 0.34 0.34 0.32 -0.02 -5.88
CAVERTON 2.74 2.74 2.60 -0.14 -5.11

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
ZENITHBANK                            22,451,922                      441,626,828 19.60
UCAP                            17,159,593                        50,984,760 2.88
GUARANTY                            12,424,031                      362,837,030 29.00
UNILEVER                            10,244,641                      153,677,241 15.00
UBA                              8,809,880                        67,253,813 7.70
FBNH                              5,413,807                        32,324,950 5.95
COURTVILLE                              4,122,000                             906,840 0.22

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
ZENITHBANK                            22,451,922                 441,626,828.15 19.60
GUARANTY                            12,424,031                 362,837,030.20 29.00
UNILEVER                            10,244,641                 153,677,241.30 15.00
MTNN                              1,115,190                 126,050,026.70 116.00
UBA                              8,809,880                   67,253,813.00 7.70
WAPCO                              3,499,177                   53,113,567.05 15.10
UCAP                            17,159,593                   50,984,759.54 2.88

 

GTI

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