Selloff pressure extends to 3 consecutive days.

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The Equity market closed the last day of the week in the red shedding 0.43% and extending losses to three consecutive days . Market breadth closed negative, recording 11 gainers against 29 losers.

NSE Trading Floor

The All Share Index (ASI) shed 132.42 absolute points, representing a decline of 0.43%, closing at 30,638.90 points. Similarly, Market Capitalization shed N49.38 billion representing a dip of 0.43%, closing at N11.43trillion.

UPL emerged the top gainer while DIAMONDBNK emerged the top loser.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; DIAMONDBANK (-10.00%), BOCGAS (-9.98%), VITAFOAM (-9.82%), DANGFLOUR (-9.77%), UAC-PROP (-9.38%), ROYALEX (-8.70%), ETERNA (-8.51%), ACCESS (-5.69%),  and ZENITHBANK (-4.41%).

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MARKET STATISTICS

CAP N11,425,522,718,944.67 One Day (ASI CHG) -0.43
Index 30,638.90 One Week (ASI CHG) -1.28
Volume 334,316,959 One Month (ASI CHG) -1.65
Value N1,771,041,652.09 Six Months (ASI CHG) -18.29
Deals 4,082 52 Weeks (ASI CHG) -20.78
Gainers 11 Losers 29
Unchanged 51 Total 91
  YTD Returns -2.50  

 

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the inter-bank rate remained closed unchanged at N306.95 against Thursday’s closing price

The Investors and Exporters (I&E) FX window opened at N364.79, traded high at N366.10 and eventually closed at N365.35, representing a 0.01% depreciation against Thursday’s closing price. A total of $110.31 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 23.75%, representing a 8.83% appreciation against Thursday’s closing position, while Open Buy-Back (OBB) rate also closed at 20.00% representing a 5.92% appreciation against Thursday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 855.33 847.90 -7.43bps
T.Bills 571.24 554.47 -16.77 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

Sector Performance

Sector %    Change
NSE30 -0.44
BANKING -0.93
CONSUMER GOODS -0.08
INDUSTRIAL -0.50
INSURANCE 0.02
LOTUS ISLAMIC -0.04
OIL/GAS -0.76

Top 7 Gainers

Company Pclose Open Close Change % Change
UPL 1.97 1.97 2.14 0.17 8.63
LIVESTOCK 0.49 0.49 0.52 0.03 6.12
SOVRENINS 0.2 0.2 0.21 0.01 5.00
OKOMUOIL 76.2 76.2 80 3.80 4.99
GUARANTY 32.95 32.95 33.5 0.55 1.67
UBA 7.8 7.8 7.90 0.10 1.28
STANBIC 46.00 46.00 46.50 0.50 1.09

Top 7 Losers

Company Pclose Open Close Change % Change
DIAMONDBNK 2 1.97 1.8 -0.20 -10.00
BOCGAS 4.21 4.21 3.79 -0.42 -9.98
VITAFOAM 4.99 4.99 4.5 -0.49 -9.82
DANGFLOUR 6.65 6.65 6 -0.65 -9.77
UAC-PROP 1.92 1.92 1.74 -0.18 -9.38
ROYALEX 0.23 0.23 0.21 -0.02 -8.70
ETERNA 4.7 4.7 4.3 -0.40 -8.51

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
AIICO                       82,723,443.00                   52,945,458.75 0.64
DIAMONDBNK                       71,101,635.00                 131,196,271.25 1.80
ZENITHBANK                       26,313,353.00                 574,338,545.95 21.70
ACCESS                       23,795,112.00                 140,221,752.55 5.80
TRANSCORP                       13,940,930.00                   16,251,342.62 1.16
STERLNBANK                       12,984,835.00                   25,645,513.21 1.97
NAHCO                       12,171,096.00                   42,598,609.99 3.50

Top 7 Traders By Value

Company Volume Value(₦) Current Price
ZENITHBANK                       26,313,353.00                 574,338,545.95 21.70
ACCESS                       23,795,112.00                 140,221,752.55 5.80
GUARANTY                         4,216,755.00                 139,023,552.90 33.50
DIAMONDBNK                       71,101,635.00                 131,196,271.25 1.80
CAP                         2,140,734.00                   67,430,850.30 31.50
NB                            823,297.00                   64,867,172.20 79.50
UNILEVER                         1,698,792.00                   61,311,785.45 36.30

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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