Selloff in Banking and Industrial Stocks Leads Equity Index to 0.78% Loss

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The Equity Market closed lower on Wednesday, shedding 0.78% to reverse Monday’s gain. Market breadth closed negative, recording 10 gainers and 22 losers.

 

NSE Trading Floor

 

In summary, the All Share Index (ASI) was down by 252.45 absolute points, representing a decrease of 0.78%, closing at 31,969.79 points. Similarly, Market Capitalization decreased by N92.17 billion representing a dip of 0.78%, closing at N11.89 trillion.

MOBIL emerged the top gainer while UNITY BANK emerged the top loser.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; WAPCO (-6.25%), CADBURY (-3.66%), ETI (-3.13%), GUARANTY (-2.98%), HONYFLOUR (-2.88%), DANGCEM (-1.72%)  CCNN (-1.36), DANGSUGAR (-0.77%), FBNH (-0.66%), ACCESS (-0.65) and ZENITHBANK (-0.41%).

 

Click here for more on NSE Daily Price List

 

MARKET STATISTICS

CAP N11,671,441,021,351.54 One Day (ASI CHG) -0.78
Index 31,969.79 One Week (ASI CHG) -0.43
Volume 237,746,984 One Month (ASI CHG) -2.65
Value N3,503,007,036.93 Six Months (ASI CHG) -20.92
Deals 3,359 52 Weeks (ASI CHG) -12.65
Gainers 10 Losers 22
Unchanged 61 Total 93
YTD Returns -16.40

Source: NSE, GTI Research

 

 

FOREIGN EXCHANGE

The Naira at the inter-bank rate remain unchanged to closed at N306.75  against Monday’s closing price.

The Investors and Exporters (I&E) FX window opened at N363.80, traded high at N364.75 and eventually closed at N364.26, representing a 0.16% depreciation against Monday’s closing price. A total of $129.06 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight (O/N) rate closed at 10.67%, representing a 0.17% depreciation against Monday’s closing position, while Open Buy-Back (OBB) rate also closed  at 9.67% representing a 0.50% depreciation against Monday’s closing position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 844.65 847.22 +2.57 bps
T.Bills 447.87 448.57 +0.70 bps
Note: BPS=> Basis Point

Source: FMDQ, GTI Research

 

Sector Performance

Sector %    Change
NSE30 -0.68
BANKING -1.55
CONSUMER GOODS 0.18
INDUSTRIAL -2.58
INSURANCE 0.26
LOTUS ISLAMIC -0.49
OIL/GAS 1.10

 

Top 7 Gainers

Company Pclose Open Close Change % Change
MOBIL 150 150 165 15.00 10.00
PRESTIGE 0.61 0.61 0.67 0.06 9.84
UNIONDAC 0.23 0.23 0.25 0.02 8.70
VERITASKAP 0.23 0.23 0.25 0.02 8.70
STANBIC 48 48 50 2.00 4.17
FLOURMILL 18 18 18.6 0.60 3.33
NPFMCRFBK 1.49 1.49 1.53 0.04 2.68

 

Top 7 Losers

Company Pclose Open Close Change % Change
UNITYBNK 0.93 0.93 0.85 -0.08 -8.60
JAIZBANK 0.49 0.49 0.45 -0.04 -8.16
WAPCO 16 16 15 -1.00 -6.25
PRESCO 66.25 66.25 62.15 -4.10 -6.19
CADBURY 9.55 9.55 9.2 -0.35 -3.66
DIAMONDBNK 0.89 0.89 0.86 -0.03 -3.37
ETI 16 16 15.5 -0.50 -3.13

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
OANDO                       58,563,684.00                 298,646,907.95 5.1
ZENITHBANK                       23,990,494.00                 577,592,509.60 24
FCMB                       21,642,196.00                   33,125,020.16 1.51
GUARANTY                       20,834,338.00                 759,558,579.55 35.85
FIDELITYBK                       16,136,937.00                   31,628,942.57 1.98
INTBREW                       14,119,220.00                 434,142,700.00 30.75
FBNH                       11,053,442.00                   82,752,620.75 7.55

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                       20,834,338.00                 759,558,579.55 35.85
ZENITHBANK                       23,990,494.00                 577,592,509.60 24
STANBIC                         9,302,846.00                 477,422,696.00 50
INTBREW                       14,119,220.00                 434,142,700.00 30.75
OANDO                       58,563,684.00                 298,646,907.95 5.1
DANGCEM                            953,866.00                 190,941,296.30 200
UNILEVER                         2,882,639.00                 113,776,375.90 39.5

GTI

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