Stock Market Decline further 0.39% as Investor’s Sell-off Persist
Transactions on the Nigeria Equity Market today (Tuesday) closed on a negative note to extend the losing streak to four consecutive trading session, as market performance indices (NSE-ASI and Market Cap) dropped by 0.39%. The negative performance was driven by profit-taking in some recently appreciated stocks like GUINNESS, UACN, BUACEMENT among others. However, the market breadth closed negatively, recording 21 losers against 14 gainers.
NSE Trading Floor
In summary, the All-Share Index (ASI) declined by 150.13 absolute points, representing a decrease of 0.39% to close at 38,766.61 points. While the overall Market Capitalization value lost N78.53 billion, representing a decrease of 0.39% to close at N20.28 trillion.
MRS emerged as the top loser (by percentage points) for today, with a price depreciation of -9.92%, while ETERNA emerged as the top gainer (by percentage points) with a price appreciation of +9.91%.
Today’s market loss was driven by price depreciation in large and medium capitalized stocks amongst which are; MRS(-9.92%), STERLNBANK(-8.65%), GUINNESS(-8.08%), GUARANTY(-3.34%), AIICO(-3.20%), OANDO(-3.13%), INTBREW(-1.72%), UACN(-1.52%), BUACEMENT(–1.09%), AFRIPRUD(-0.94%), ZENITHBANK (-0.90%), UNILEVER (-0.75%), UBA (-0.71%), and WAPCO (-0.15%).
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MARKET STATISTICS
| CAP | N20,282,905,922,718.91 | One Day (ASI CHG) | -0.39% |
| Index | 38,766.61 | One Week (ASI CHG) | -1.27% |
| Volume | 224,594,153 | One Month (ASI CHG) | -1.44% |
| Value | N2,143,445,981.33 | Six Months (ASI CHG) | +34.10% |
| Deals | 4,675 | 52 Weeks (ASI CHG) | +87.56% |
| Gainers | 14 | Losers | 21 |
| Unchanged | 65 | Total | 100 |
| YTD Returns | -3.73% |
Source: NSE, GTI Research
FOREIGN EXCHANGE
The Naira at the official rate remains unchanged to close at N379.00/$1 as against last Thursday’s position.
The Investors and Exporters (I&E) FX window opened at N409.48 traded high at N419.30 and eventually closed at N410.50, representing 0.29% appreciation against Thursday’s position. Also, a total of $40.80 million was transacted through the I&E window today.
MONEY MARKET
Overnight(O/N) rate closed at 13.75%, representing a 18.75% depreciation against last Thursday’s position, while Open Buy-Back (OBB) rate closed at 13.50%, representing a 16.50% depreciation as against yesterday’s position.
Sector Performance
| Security | Change Percent |
| NSE30 | -0.5 |
| NSEBNK | -1.67 |
| NSECNSMRGDS | -0.39 |
| NSEINDUSTR | -0.52 |
| NSEINS | -0.53 |
| NSELOTUSISLM | -0.24 |
| NSEOILGAS | -0.11 |
Top 7 Gainers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| ETERNA | 5.45 | 5.45 | 5.99 | 0.54 | 9.91 |
| LINKASSURE | 0.72 | 0.79 | 0.79 | 0.07 | 9.72 |
| ROYALEX | 0.33 | 0.33 | 0.36 | 0.03 | 9.09 |
| JAPAULGOLD | 0.45 | 0.48 | 0.49 | 0.04 | 8.89 |
| FCMB | 2.83 | 2.83 | 2.96 | 0.13 | 4.59 |
| HONYFLOUR | 1.18 | 1.18 | 1.23 | 0.05 | 4.24 |
| WEMABANK | 0.57 | 0.57 | 0.59 | 0.02 | 3.51 |
Top 7 Losers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| MRS | 12.1 | 12.1 | 10.9 | -1.2 | -9.92 |
| ALEX | 8.1 | 8.1 | 7.3 | -0.8 | -9.88 |
| CHIPLC | 0.32 | 0.32 | 0.29 | -0.03 | -9.38 |
| STERLNBANK | 1.85 | 1.85 | 1.69 | -0.16 | -8.65 |
| GUINNESS | 35.9 | 35.9 | 33 | -2.9 | -8.08 |
| SOVRENINS | 0.25 | 0.25 | 0.23 | -0.02 | -8.00 |
| MBENEFIT | 0.46 | 0.46 | 0.43 | -0.03 | -6.52 |
Top 7 Traders By Volume
| Price | |||
| UACN | 34,049,100.00 | 337,606,748.25 | 9.75 |
| ACCESS | 26,347,367.00 | 214,930,232.35 | 8.1 |
| FBNH | 18,931,842.00 | 137,434,965.75 | 7.3 |
| ZENITHBANK | 16,586,858.00 | 364,334,978.05 | 21.9 |
| FIDELITYBK | 15,305,304.00 | 39,150,896.45 | 2.59 |
| UBA | 13,990,081.00 | 98,687,321.00 | 7 |
| GUARANTY | 11,696,822.00 | 338,593,180.00 | 28.95 |
Top 7 Traders By Value
| Security | Daily Volume | Daily Value | Close Price |
| ZENITHBANK | 16586858 | 364334978.10 | 21.9 |
| GUARANTY | 11696822 | 338593180.00 | 28.95 |
| UACN | 34049100 | 337606748.30 | 9.75 |
| ACCESS | 26347367 | 214930232.40 | 8.1 |
| FBNH | 18931842 | 137434965.80 | 7.3 |
| UBA | 13990081 | 98687321.00 | 7 |
| NESTLE | 51961 | 74036829.40 | 1375 |
| Security | Daily Volume | Daily Value | Close |
