Sell pressure in DANGCEM, 12 others drag Nigerian stock lower, sheds 2.02%

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The Nigerian equity market today (Monday), began the week on a negative note, with a dip of 2.02%, sustaining previous negative sentiment, following sell-off in DANGCEM & 12 others. However, the market breadth closed positively, recording 21 gainers as against 13 losers.

 

Nigerian Stock Exchange 2

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 425.24 absolute points, representing a dip of 2.02% to close at 20,669.38 points. Similarly, the overall Market Capitalization size shed N221.61 billion, representing dip of 2.02% to close at N10.77 trillion.

ACCESS emerged as the top gainers while CUTIX, LEARNAFRICA & NAHCO emerged as the top losers.

The downturn was impacted by loses recorded in large and medium capitalized stocks, amongst which are; SEPLAT (-9.99%), DANGCEM (-6.40%), UCAP (-3.67%), TRANSCORP (-3.17%) and STANBIC (-0.21%).

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MARKET STATISTICS

CAP N10,771,910,801,102.56 One Day (ASI CHG) -2.02%
Index 20,669.38 One Week (ASI CHG) -2.96%
Volume 336,430,494.00 One Month (ASI CHG) -15.25%
Value N4,127,609,403.58 Six Months (ASI CHG) -22.90%
Deals 4,184.00 52 Weeks (ASI CHG) -29.11%
Gainers 21 Losers 13
Unchanged 48 Total 83
-23.00%

Source: NSE, GTI Research

FMDQ ABOUT

FOREIGN EXCHANGE

The Naira at the official window on Monday closed unchanged at 361.00/$1, against Friday’s position.

The Investors and Exporters (I&E) FX window opened at N388.11, traded high at N401.45 and eventually closed at N383.00, unchanged against Friday’s closing position. A total of $74.51 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 4.80%, representing a 2.20% appreciation against Friday’s closing position, while Open Buy-Back (OBB) rate closed at 4.50%, representing 2.30% appreciation against Friday’s position.

FIXED INCOME
Securities P. Close Close Change
Bond 593.06 585.91 -7.15 bps
T.Bills 566.52 558.13 -8.39 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

The NASD OTC market on Monday closed higher as the Unlisted Securities Index (USI) closed at 694.75, representing a 0.29% increase against Friday’s closing position. Similarly, Market Capitalization closed higher at N510.34 billion, representing a 0.29% increase against Friday’s position. Consequently, the aggregate volume and value increased by 200.86% and 200.52%, as investors traded a total of 1,050,000 volume of shares, valued at N13.11 million in 3 deals.

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Sector Performance

Top 6 Gainers

Company Pclose Open Close Change % Change
ACCESS 6.05 6.05 6.65 0.60 9.92
AIICO 0.73 0.73 0.80 0.07 9.59
WAPCO 8.95 8.95 9.80 0.85 9.50
WEMABANK 0.47 0.47 0.51 0.04 8.51
FIDELITYBK 1.69 1.69 1.83 0.14 8.28
WAPIC 0.26 0.26 0.28 0.02 7.69
FLOURMILL 20.50 20.50 21.50 1.00 4.88

 

Top 7 Losers

Company Pclose Open Close Change % Change
CUTIX 1.40 1.40 1.26 -0.14 -10.00
LEARNAFRCA 1.00 1.00 0.90 -0.10 -10.00
NAHCO 2.60 2.60 2.34 -0.26 -10.00
SEPLAT 544.50 544.50 490.10 -54.40 -9.99
BUACEMENT [BLS] 35.30 35.30 31.80 -3.50 -9.92
BOCGAS 4.05 4.05 3.65 -0.40 -9.88
ACADEMY 0.34 0.34 0.31 -0.03 -8.82


Top 7 Traders By Volume

Company Volume Value(₦) Current Price
FBNH                            98,623,700                      393,421,414 4.00
GUARANTY                            55,658,334                   1,002,960,934 17.85
ZENITHBANK                            32,527,529                      392,767,517 12.05
FCMB                            27,154,792                        40,628,929 1.51
FIDELITYBK                            23,606,947                        41,751,257 1.83
NB                            22,696,243                      504,367,297 22.20
ACCESS                            12,609,121                        81,944,300 6.65

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                            55,658,334              1,002,960,934.10 17.85
NB                            22,696,243                 504,367,297.20 22.20
DANGCEM                              3,741,167                 440,036,555.30 117.00
FBNH                            98,623,700                 393,421,413.55 4.00
ZENITHBANK                            32,527,529                 392,767,516.50 12.05
NESTLE                                 440,638                 336,873,113.00 765.00
MTNN                              3,351,211                 308,981,557.40 92.00

 

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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