Stock market maintain bearish trend as market capitalization eased further by N97.93 billion

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The Nigerian Equity Market ends today trading session on a bearish note, shedding 0.73% to extend decline to Seven (7) consecutive sessions. Consequently, market breadth closed negative, recording 10 gainers and 15 losers.

NSE Trading Floor

The All Share Index (ASI) shed 222.36 absolute points, representing a decline of 0.73% to close at 30,099.83 points. Similarly, Market Capitalization lost N97.93 billion, representing a dip of 0.73% to close at N13.26 trillion.

UNILEVER emerged the top gainer while SOVRENINS emerged as top loser.

The downtrend was impacted by losses recorded in large and medium capitalized stocks, amongst which are; DANGSUGAR (-4.35%), MOBIL (-3.82%), WEMABANK (-3.28%), OANDO (-2.60%), DANGCEM (-2.12%), NB (-1.72%), UBA (-1.59%), TRANSCORP (-0.88%), MTNN (-0.37%) and ZENITHBANK (-0.49%)

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MARKET STATISTICS  

CAP N13,256,109,848,026.85 One Day (ASI CHG) -0.73%
Index 30,099.83 One Week (ASI CHG) -2.69%
Volume 233,451,164 One Month (ASI CHG) +4.34%
Value N3,520,433,120.82 Six Months (ASI CHG) -2.01%
Deals 3,169 52 Weeks (ASI CHG) -22.51%
Gainers 10 Losers 15
Unchanged 77 Total 102
  YTD Returns -4.23%  

Source: NSE, GTI Research

 

FOREIGN EXCHANGE

The Naira exchange rate at the official window remain unchanged to closed at N307.00/$1, against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N360.16, traded high at N361.50 and eventually closed at N360.63 to remain unchanged against yesterday’s closing position. A total of $114.83 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 9.50%, representing a 3.21% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 8.71%, representing a 3.57% depreciation against yesterday’s closing position.

FIXED INCOME
Securities P. Close Close Change
Bond 993.36 992.65 -0.71bps
T.Bills 532.18 524.74 -7.44 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research 

 

NASD OTC MARKET         

The NASD market closed positively after today’s trading sessions, as the Unlisted Securities Index (USI) grew by 1.01 point to close at 759.97 points against yesterday’s index. The Market Capitalization gained N5.45 billion closing at N545.97 billion. Similarly, Market activities measured by aggregate volume and value grew by 2,395.64% and 4,747.01% respectively. Investors traded a total of 1.83 million units of shares valued at N300.68 million in 18 deals.

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Sector Performance           

Sector %    Change
NSE30 -0.59
BANKING -0.20
CONSUMER GOODS -0.02
INDUSTRIAL -1.10
INSURANCE 0.47
LOTUS ISLAMIC -0.58
OIL/GAS -0.85

Top 7 Gainers    

Company Pclose Open Close Change % Change
UNILEVER 28.60 28.60 30.95 2.35 8.22
ABCTRANS 0.28 0.28 0.30 0.02 7.14
JAIZBANK 0.46 0.46 0.48 0.02 4.35
WAPIC 0.40 0.40 0.41 0.01 2.50
NEM 2.05 2.05 2.10 0.05 2.44
LINKASSURE 0.47 0.47 0.48 0.01 2.13
ACCESS 6.30 6.30 6.40 0.10 1.59

Top 7 Losers           

Company Pclose Open Close Change % Change
SOVRENINS 0.25 0.25 0.23 -0.02 -8.00
JAPAULOIL 0.27 0.27 0.25 -0.02 -7.41
DANGSUGAR 11.50 11.50 11.00 -0.50 -4.35
MOBIL 170.00 170.00 163.50 -6.50 -3.82
STERLNBANK 2.44 2.44 2.36 -0.08 -3.28
WEMABANK 0.61 0.61 0.59 -0.02 -3.28
CUTIX 1.46 1.46 1.42 -0.04 -2.74

 Top 7 Traders By Volume    

Company Volume Value(₦) Current Price
WAPIC                             50,303,347                         20,127,157 0.41
ZENITHBANK                             28,157,649                       566,465,697 20.15
COURTVILLE                             25,175,208                           5,037,424 0.20
ACCESS                             25,090,305                       157,260,201 6.40
STERLNBANK                             21,087,829                         49,619,000 2.36
NB                             13,406,609                       764,194,076 57.00
MTNN                             11,138,952                    1,512,197,962 135.00

 Top 7 Traders By Value     

Company Volume Value(₦) Current Price
MTNN                             11,138,952               1,512,197,962.10 135.00
NB                             13,406,609                  764,194,076.45 57.00
ZENITHBANK                             28,157,649                  566,465,696.70 20.15
ACCESS                             25,090,305                  157,260,200.65 6.40
GUARANTY                               4,043,909                  123,161,974.35 30.50
STERLNBANK                             21,087,829                    49,619,000.25 2.36
UBA                               6,049,193                    37,882,767.85 6.20

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