Stock market extends downtrend as ASI dips by 0.37%

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The Nigerian equity market on Wednesday declined by 0.37% to extend downtrend to two consecutive days as the earnings of companies continued to trickle in. This decline was impacted by price depreciation on consumer goods and oil& gas sectors of the market. Market breadth closed at par, recording 20 gainers and 20 losers.

NSE Trading Floor

The All Share Index (ASI) decreased by 102.31 absolute points, representing a dip of 0.37% to close at 27,718.26 points. Similarly, the Market Capitalization shed N50.71 billion, representing a decline of 0.37% and closed at N13.51 trillion.

JBERGER emerged the top gainer  while UPL emerged as top loser

The downturn was impacted by losses recorded in large and medium capitalized stocks, amongst which are; DANGSUGAR (-9.26%), NB (-9.09%), ETERNA (-9.09%), OANDO (-3.90%), NESTLE (-2.27%), WAPCO (-0.68%),  ZENITHBANK (-0.54%) and GUARANTY (-0.35%).

Click here for more on NSE Daily Price List

 

MARKET STATISTICS  

CAP N13,507,668,034,858.13 One Day (ASI CHG) -0.37%
Index 27,718.26 One Week (ASI CHG) -1.32%
Volume 251,930,298 One Month (ASI CHG) -7.50%
Value N4,128,669,875.48 Six Months (ASI CHG) -9.29%
Deals 3,937 52 Weeks (ASI CHG) -25.12%
Gainers 20 Losers 20
Unchanged 64 Total 104
  YTD Returns -11.81%  

Source: NSE, GTI Research

 

FOREIGN EXCHANGE

The Naira exchange rate remain unchanged to close at  N306.85/$1 as against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N361.82, traded high at N362.99 and eventually closed at N361.68 representing 0.20% appreciation as against yesterday’s closing position. A total of $79.32 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 4.00%, representing 1.21% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 3.29%, representing a 1.29% depreciation against yesterday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 867.54 859.88 -7.66 bps
T.Bills 441.84 505.42 -63.58 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

NASD OTC MARKET         

The NASD market reversed yesterday’s negative sentiment, as the Unlisted Securities Index (USI) grew by 0.08% to close at 724.01 points against yesterday’s index. Similarly, the Market Capitalization also rose by 0.08% to close at N520.15 billion. However, the market activities measured by aggregate volume and value fell by 91.19% and 67.71% respectively.

 

Sector Performance       

Sector %Change
NSE30 -0.79
NSEBNK 0.71
NSECNSMRGDS -3.52
NSEINDUSTR 0.27
NSEINS 0.87
NSELOTUSISLM -0.76
NSEOILGAS -0.02

Top 7 Gainers

Security Previous Close Close Price Change Price %Change
JBERGER 18.75 20.60 1.85 9.87
FO 18.00 19.65 1.65 9.17
MBENEFIT 0.22 0.24 0.02 9.09
WAPIC 0.39 0.42 0.03 7.69
JAIZBANK 0.42 0.45 0.03 7.14
PRESTIGE 0.45 0.48 0.03 6.67
WEMABANK 0.60 0.63 0.03 5.00

Top 7 Losers          

Security Previous Close Close Price Change Price %Change
UPL 1.80 1.62 -0.18 -10.00
BERGER 6.30 5.70 -0.60 -9.52
DANGSUGAR 10.80 9.80 -1.00 -9.26
ETERNA 3.30 3.00 -0.30 -9.09
NB 55.00 50.00 -5.00 -9.09
CUSTODIAN 6.10 5.55 -0.55 -9.02
LEARNAFRCA 1.40 1.32 -0.08 -5.71

 Top 7 Traders By Volume    

Security  Daily Volume   Daily Value (₦) Current Price
ZENITHBANK       39,135,634   718,838,457.50 18.30
FBNH       34,757,997   197,501,338.95 5.70
UBA       27,692,377   163,688,572.15 6.00
GUARANTY       23,503,577   667,636,551.60 28.40
TRANSCORP       23,333,795     22,143,228.58 0.96
WAPCO       12,885,650   187,701,446.30 14.50
UACN       10,521,652     61,147,973.00 5.80

 Top 7 Traders By Value    

Security  Daily Volume   Daily Value (₦) Current Price
MTNN         5,703,651   725,208,556.65 127.00
ZENITHBANK       39,135,634   718,838,457.50 18.30
DANGCEM         4,015,616   679,390,172.10 170.00
GUARANTY       23,503,577   667,636,551.60 28.40
NESTLE            246,586   314,844,043.00 1270.00
FBNH       34,757,997   197,501,338.95 5.70
WAPCO       12,885,650   187,701,446.30 14.50
UBA       27,692,377   163,688,572.15 6.00

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