Stock Market Decline further 0.39% as Investor’s Sell-off Persist

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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.

Nigerian Stock Exchange 2

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%).

Click here for more on NSE Daily Price List

 

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 

 

FMDQ ABOUT

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 N410.50representing 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

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