Sell pressure persist on local bourse as ASI dip further by 1.85%

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The Nigeria equity market today extend its bearish sentiment to a third successive session. Today’s bearish run was driven by selloff on Banking, Industrial Goods and Insurance sectors while Oil & Gas and Consumer goods sectors posted marginal gains.  Market breadth closed negative, recording 8 gainers against 26 losers.

NSE Trading Floor

The All Share Index (ASI) shed 558.04 absolute points, representing a dip of 1.85%, to close at 29,668.73 points. Similarly, Market Capitalization decreased by N209.60 billion representing a decline of 1.85%, to close at N11.14 trillion.

NB emerged the top gainer while CHIPLC  &  ACCESS emerged as the top losers.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; ACCESS (-10.00%), CCNN (-9.75%), ETERNA (-9.38%), UBA (-8.03%), FCMB (-7.89%), FBNH (-6.96%),  DANGFLOUR (-5.56%) DANGSUGAR  (-5.33%), WEMABANK (-5.19%), ZENITHBANK (-4.23%), GUARANTY (-2.78%), DANGCEM (-1.55%) and UACN (-0.65%).

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MARKET STATISTICS  

CAP N11,143,799,255,823.19 One Day (ASI CHG) -1.85
Index 29,668.73 One Week (ASI CHG) -3.76
Volume 542,579,945 One Month (ASI CHG) -6.78
Value N5,662,757,500.14 Six Months (ASI CHG) -8.58
Deals 4,146 52 Weeks (ASI CHG) -27.38
Gainers 8 Losers 26
Unchanged 64 Total 101
  YTD Returns -5.61  

 

Source: NSE, GTI Research

FOREIGN EXCHANGE

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

The Investors and Exporters (I&E) FX window opened at N360.53, traded high at N361.50 and eventually closed at N360.55, representing a 0.07% depreciation against yesterday’s closing position. A total of $405.12 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 17.50%, representing an 0.07% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate also closed at 16.71%, representing an 0.14% appreciation against yesterday’s closing position..

FIXED INCOME
Securities P. Close Close Change
Bond 941.32 939.01 -2.31 bps
T.Bills 536.26 537.38 +1.12 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

Sector Performance       

Sector %    Change
NSE30 -1.78
BANKING -4.59
CONSUMER GOODS 1.20
INDUSTRIAL -4.42
INSURANCE -1.24
LOTUS ISLAMIC -0.83
OIL/GAS 0.26

  Top 7 Gainers       

Company Pclose Open Close Change % Change
NB 56.90 56.90 60.00 3.10 5.45
CORNERST 0.20 0.20 0.21 0.01 5.00
SOVRENINS 0.22 0.22 0.23 0.01 4.55
STERLNBANK 2.39 2.39 2.48 0.09 3.77
NESTLE 1400.00 1400.00 1450.00 50.00 3.57
FIDELITYBK 1.81 1.81 1.87 0.06 3.31
OANDO 4.70 4.70 4.80 0.10 2.13

 Top 7 Losers      

Company Pclose Open Close Change % Change
CHIPLC 0.30 0.30 0.27 -0.03 -10.00
ACCESS 6.50 6.50 5.85 -0.65 -10.00
AIICO 0.71 0.71 0.64 -0.07 -9.86
CCNN 17.95 17.95 16.20 -1.75 -9.75
NEIMETH 0.62 0.62 0.56 -0.06 -9.68
INTBREW 26.00 26.00 23.50 -2.50 -9.62
ETERNA 4.80 4.80 4.35 -0.45 -9.38

   Top 7 Traders By Volume      

Company Volume Value(₦) Current Price
FCMB                            53,884,249                        99,957,516 1.90
STERLNBANK                            41,401,542                        99,218,482 2.39
UBA                            41,327,818                      316,911,625 7.50
FIDELITYBK                            37,651,954                        66,331,675 1.81
ZENITHBANK                            31,987,504                      694,170,793 21.30
ACCESS                            28,274,533                      183,503,240 6.50
GUARANTY                            19,946,408                      720,792,117 36.00

    Top 7 Traders By Value       

Company Volume Value(₦) Current Price
STERLNBANK                          144,189,060                 348,934,860.27 2.48
FCMB                            68,722,357                 125,634,576.00 1.75
FBNH                            55,015,895                 414,960,762.85 7.35
ZENITHBANK                            35,702,384                 739,003,523.35 20.40
ACCESS                            35,404,469                 207,346,785.65 5.85
UBA                            35,327,175                 225,262,495.15 6.30
GUARANTY                            32,411,172              1,140,266,049.45 35.00

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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