Sell pressure persists, as Nigerian equity market post 1.19% loss

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Trading activities on the Nigerian equity market on Wednesday sustain previous negative sentiment, as downtrend persists to eight consecutive trading days, following a 1.19% decline in the market performance indicators. Consequently, the market breadth closed negatively, recording 18 gainers against 21 losers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 338.51 absolute points, representing a dip of 1.19% to close at 28,093.76 points, Similarly, the overall Market Capitalization size lost N174.37 billion, representing a decline of 1.19% to close at N14.47 trillion.

UBN emerged as the top gainers while CONOIL & NASCON emerged as top losers.

The downtrend was impacted by losses recorded in large and medium capitalized stocks, amongst which are; CONOIL (-10.00%) MOBIL (-9.94%), NB (-6.36%), DANGCEM (-5.50%), UACN (-5.29%), FBNH (-2.54%), OANDO (-1.92%) ETI (-1.39%)

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MARKET STATISTICS

CAP N14,697,338,899,009.59 One Day (ASI CHG) -1.19%
Index 28,533.40 One Week (ASI CHG) -3.23%
Volume 251,591,615 One Month (ASI CHG) +1.84%
Value N3,152,356,229.38 Six Months (ASI CHG) +2.49%
Deals
4,752.00
52 Weeks (ASI CHG) -8.85%
Gainers 18 Losers 21
Unchanged 60 Total 99
YTD Returns +4.66%

Source: NSE, GTI Research

 

 

FOREIGN EXCHANGE

The Naira at the official window on Wednesday closed at 306.95/$1, representing a 0.02% appreciation against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N364.19, traded high at N365.00 and eventually closed at N364.43, representing a 0.03% depreciation as against yesterday’s closing position. A total of $589.06 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed unchanged at 15.33% against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 14.33%, representing 0.17% depreciation against yesterday’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 509.06 540.23 +31.17 bps
T.Bills 605.91 610.26 +4.35 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

NASD OTC MARKET

The NASD OTC market on Wednesday remain unchanged as the Unlisted Securities Index (USI) closed at 697.86. However, Market Capitalization closed at N501.73 billion representing a 0.01% depreciation against yesterday’s position. However, the aggregate volume and value increased by 7,791.31% and 7,517.65% respectively, as investors traded a total of 3,451,661 volume of shares, valued at N957.31 million in 11 deals.

NASD Daily Price List

 

Sector Performance

Sector %    Change
NSE30 -1.29
BANKING 1.46
CONSUMER GOODS -1.37
INDUSTRIAL -1.63
INSURANCE 0.63
LOTUS ISLAMIC -1.55
OIL/GAS -2.19

 

Top 7 Gainers

Company Pclose Open Close Change % Change
UBN 6.60 6.60 7.25 0.65 9.85
LAWUNION 0.84 0.84 0.92 0.08 9.52
CHIPLC 0.33 0.33 0.36 0.03 9.09
CAP 22.60 22.60 24.60 2.00 8.85
LINKASSURE 0.57 0.57 0.62 0.05 8.77
CHAMS 0.28 0.28 0.30 0.02 7.14
AFRIPRUD 4.24 4.24 4.50 0.26 6.13

 

Top 7 Losers

Company Pclose Open Close Change % Change
CONOIL 20.00 20.00 18.00 -2.00 -10.00
NASCON 15.00 15.00 13.50 -1.50 -10.00
MOBIL 147.90 147.90 133.20 -14.70 -9.94
CILEASING 7.35 7.35 6.65 -0.70 -9.52
GLAXOSMITH 5.45 5.45 5.00 -0.45 -8.26
ROYALEX 0.27 0.27 0.25 -0.02 -7.41
CORNERST 0.60 0.60 0.56 -0.04 -6.67

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
ZENITHBANK                            98,133,626                   1,873,844,127 19.20
FBNH                            47,129,635                      277,811,101 5.75
FCMB                            41,213,868                        79,050,301 1.85
UBA                            21,682,279                      162,210,702 7.50
ETI                            19,862,356                      141,099,190 7.10
STERLNBANK                            17,295,789                        28,811,328 1.68
ACCESS                            14,826,537                      133,721,955 9.35

 

Top 7 Traders By Value 

Company Volume Value(₦) Current Price
ZENITHBANK                            98,133,626              1,873,844,126.50 19.20
GUARANTY                            13,622,703                 396,601,844.75 29.10
DANGCEM                              2,037,789                 340,276,035.10 170.00
FBNH                            47,129,635                 277,811,101.25 5.75
NB                              4,149,142                 213,706,640.30 51.50
UBA                            21,682,279                 162,210,701.75 7.50
ETI                            19,862,356                 141,099,189.60 7.10

 

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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