Stock market opens new week with 0.40% decline

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The Nigerian Stock Market closed the first trading session of the week on a negative note, as NSE-ASI and Market Capitalization declined by 0.40%. The decline follows the investors profit-taking on some recently appreciated stocks such as GUINNESS, NB OKOMUOIL and 17 others. Resultantly, the market breadth closed negatively, recording 20 losers and 14 gainers.

Nigerian Stock Exchange 2

NSE Trading Floor

In summary, the All-Share Index (ASI) declined by 153.84 absolute points, representing a decrease of 0.40% to close at 38,712.55 points. While the overall Market Capitalization value lost N81.34 billion, representing a drop of 0.37% to close at N20.25 trillion,  following the listing of additional 2.43 billion ordinary shares of eTranzact Plc (the Company) at N1.50 Kobo per share on the basis of ten (10) new ordinary shares for every nine (9) ordinary shares held as at Wednesday, 25 March 2020.

STANBIC emerged as the top loser (by percentage points) for today, with a price depreciation of -9.94%, while JAPAULGOLD emerged as the top gainer (by percentage points) with a maximum price appreciation of +9.52%.

Today’s market loss was driven by price depreciation in large and medium capitalized stocks amongst which are; GUINNESS(-8.70%), CUSTODIAN(-8.62%), PZ(-5.15%), FCMB(-4.11%), OKOMUOIL(-3.23%), INTBREW(-2.63%), DANGSUGAR(-2.06%), ETI(+2.04%),  NB(-1.76%), OANDO(-1.59%),   TRANSCORP(+1.25%), and UBA(-0.71%).

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MARKET STATISTICS

CAP N20,253,767,459,403.00 One Day (ASI CHG) -0.40%
Index 38,712.55 One Week (ASI CHG) -0.52%
Volume 194,020,204 One Month (ASI CHG) +0.17%
Value N1,364,046,379.38 Six Months (ASI CHG) +36.61%
Deals 4,188 52 Weeks (ASI CHG) +81.03%
Gainers 15 Losers 20
Unchanged 73 Total 108
YTD Returns -3.87%

Source: Ngxgroup.com, GTI Research 

 

FMDQ ABOUT

FOREIGN EXCHANGE

The Naira at the official rate remains unchanged to close at N379.00/$1 as against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N410.88 traded high at N420.00 and eventually closed at N409.75representing 0.18% depreciation against Friday’s position. Also, a total of $55.21 million was transacted through the I&E window today.

MONEY MARKET

Overnight (O/N) rate closed at 12.25%, representing a 0.25% depreciation against Friday’s position, while Open Buy-Back (OBB) rate closed at 12.00%,  representing a 0.25% depreciation as against Friday’s position.

Sector Performance

Security Change Percent
NSE30 -0.57
NSEBNK 0.16
NSECNSMRGDS -1.03
NSEINDUSTR 0
NSEINS -0.85
NSELOTUSISLM -0.16
NSEOILGAS -0.12

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
JAPAULGOLD 0.63 0.63 0.69 0.06 9.52
UAC-PROP 0.75 0.75 0.82 0.07 9.33
AFRIPRUD 5.40 5.40 5.85 0.45 8.33
ROYALEX 0.36 0.36 0.39 0.03 8.33
STERLNBANK 1.56 1.56 1.68 0.12 7.69
VERITASKAP 0.20 0.20 0.21 0.01 5.00
JAIZBANK 0.63 0.63 0.65 0.02 3.17

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
STANBIC 48.30 48.30 43.50 -4.80 -9.94
GUINNESS 29.70 29.70 26.75 -2.95 -9.93
CUSTODIAN 6.55 6.55 6.00 -0.55 -8.40
NAHCO 2.20 2.20 2.03 -0.17 -7.73
PZ 4.85 4.85 4.60 -0.25 -5.15
MANSARD 0.98 0.98 0.93 -0.05 -5.10
CHAMS 0.21 0.21 0.20 -0.01 -4.76

Top 7 Traders By Volume

Security  Daily Volume   Daily Value  Close Price
FIDELITYBK    30,879,817.00      77,624,009.35 2.48
CHAMS    29,532,349.00         5,954,544.80 0.20
ACCESS    23,372,353.00    188,989,891.45 8.10
FBNH    11,320,850.00      82,643,046.70 7.30
MBENEFIT    11,081,653.00         4,335,435.08 0.40
UBA      7,336,950.00      51,187,643.75 6.95
TRANSCORP      5,845,522.00         4,669,016.85 0.79

Top 7 Traders By Value

Security  Daily Volume   Daily Value  Close Price
ACCESS    23,372,353.00    188,989,891.45 8.10
GUARANTY      4,171,569.00    120,547,239.30 28.90
TOTAL          761,592.00    102,817,714.00 142.00
ZENITHBANK      4,535,996.00      99,845,876.40 22.00
DANGCEM          438,670.00      94,618,678.10 215.00
STANBIC      1,880,767.00      83,867,993.05 43.50
FBNH    11,320,850.00      82,643,046.70 7.30

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