Stock market extends losing streak to four consecutive sessions

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Activities on the Nigerian equity market on Thursday closed lower to extend downtrend to four consecutive trading sessions following price depreciation on Consumer goods and Oil & Gas sectors. Consequently, the market breadth closed negatively, recording 10 gainers against 21 losers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 79.97 absolute points, representing a dip of 0.27% to close at 29,030.93 points, Similarly, the overall Market Capitalization size shed N41.19 billion, representing a decline of 0.27% to close at N14.95 trillion.

CORNERST emerged as the top gainer while UACN emerged as top loser.

The downtrend was impacted by losses recorded in large and medium capitalized stocks, amongst which are; UACN (-10.00%), TRANSCORP (-8.82),  WAPCO (-7.08%), OANDO (-3.74%), UBA (-1.83%), ACCESS (-1.53%) HONYFLOUR (-0.93%).

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MARKET STATISTICS

CAP N14,953,616,290,207.69 One Day (ASI CHG) -0.27%
Index 29,030.93 One Week (ASI CHG) -1.89%
Volume 274,465,838 One Month (ASI CHG) +9.10%
Value N9,095,918,605.21 Six Months (ASI CHG) +4.35%
Deals 4,411 52 Weeks (ASI CHG) -6.79%
Gainers 10 Losers 21
Unchanged 70 Total 101
YTD Returns +8.15%

Source: NSE, GTI Research

 

 

FOREIGN EXCHANGE

The Naira at the official window on Thursday closed unchanged at 307.00/$1, against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N363.05, traded high at N364.00 and eventually closed at N364.60, representing a 0.30% depreciation as against yesterday’s closing position. A total of $108.87 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 5.50%, representing 8.67% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 4.17%, representing 9.33% depreciation against yesterday’s position.

 

FIXED INCOME
Securities P. Close Close Change
Bond 513.08 512.32 -0.76 bps
T.Bills 615.98 616.20 +0.22 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

NASD OTC MARKET

The NASD OTC market on Thursday remained unchanged as the Unlisted Securities Index (USI)  to close at 698.56. Consequently, Market Capitalization gained N420 million to close at N502.29 billion. Similarly, the aggregate volume and value increased by 26.72% and 12.91% respectively, as investors traded a total of 750,265 volume of shares valued at N13.52 million in 6 deals.

NASD Daily Price List

 

Sector Performance

Sector %   Change
NSE30 -0.41
BANKING 0.55
CONSUMER GOODS -0.04
INDUSTRIAL -2.11
INSURANCE 2.07
LOTUS ISLAMIC -0.51
OIL/GAS -0.50

 

Top 7 Gainers

Company Pclose Open Close Change % Change
CORNERST 0.54 0.54 0.59 0.05 9.26
NEM 2.20 2.20 2.40 0.20 9.09
CHIPLC 0.36 0.36 0.39 0.03 8.33
NEIMETH 0.51 0.51 0.55 0.04 7.84
UNITYBNK 0.60 0.60 0.64 0.04 6.67
SOVRENINS 0.20 0.20 0.21 0.01 5.00
LAWUNION 0.68 0.68 0.71 0.03 4.41

 

Top 7 Losers

Company Pclose Open Close Change % Change
UACN 10.00 10.00 9.00 -1.00 -10.00
UNIONDAC 0.22 0.22 0.20 -0.02 -9.09
TRANSCORP 1.02 1.02 0.93 -0.09 -8.82
ABCTRANS 0.37 0.37 0.34 -0.03 -8.11
LASACO 0.28 0.28 0.26 -0.02 -7.14
LIVESTOCK 0.56 0.56 0.52 -0.04 -7.14
WAPCO 16.95 16.95 15.75 -1.20 -7.08

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
GUARANTY                            75,729,678                   2,272,511,292 31.00
MTNN                            37,549,526                   4,550,171,940 120.00
UBA                            26,888,465                      221,042,775 8.05
ZENITHBANK                            23,955,952                      507,257,188 21.15
UNILEVER                            21,797,506                      326,956,223 15.00
FBNH                              8,299,529                        57,623,722 6.95
UACN                              8,273,000                        75,045,672 9.00

 

Top 7 Traders By Value 

Company Volume Value(₦) Current Price
MTNN                            37,549,526              4,550,171,940.30 120.00
GUARANTY                            75,729,678              2,272,511,291.90 31.00
ZENITHBANK                            23,955,952                 507,257,187.95 21.15
DANGCEM                              2,582,989                 452,615,066.40 179.90
UNILEVER                            21,797,506                 326,956,222.95 15.00
NESTLE                                 240,062                 310,950,837.80 1380.00
UBA                            26,888,465                 221,042,775.25 8.05

GTI

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