Stock market reverses gains as index shed 0.31%

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The Nigerian equity market today (Thursday) closed in the negative region to reverse the previous two days positive sentiment, as the market performance indices, the All-Share Index (ASI) and Market Capitalization fell by 0.31% on the back of profit-taking on the Banking and Consumer Goods stocks. Consequently, the market breadth largely negative, recording 14 gainers and 24 losers.

Nigerian Stock Exchange 2

NSE Trading Floor

In summary, the All-Share Index (ASI) dipped by 125.81 absolute points, representing a decrease of 0.31% to close at 40,095.49 points. While the overall Market Capitalization value lost N65.82 billion, representing a decline of 0.31% to close at N20.98 trillion.

CHAMS emerged as the top gainer with a price appreciation of +9.09%, while LASACO emerged as the top loser (by percentage points) for today, with a price depreciation of -9.68%.  

Today’s market gain was driven by price appreciation in large and medium capitalized stocks amongst which are; ETI(-6.31%), UACN(-5.03%),  ACCESS(-4.71%),  UBA(-4.09%), HONYFLOUR(-4.00%), NB(-3.70%), CHAMPION(-3.45%),  FCMB(-3.22%),  JAPAULGOLD(-2.82%), STERLNBNK(-2.26%), TRANSCORP(-2.13%), ZENITHBANK(-1.71%) and OANDO(-1.62%).

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MARKET STATISTICS

CAP N20,978,157,840,462.69 One Day (ASI CHG) -0.31%
Index 40,095.49 One Week (ASI CHG) -0.29%
Volume 326,042,400 One Month (ASI CHG) -2.42%
Value N3,713,147,595.84 Six Months (ASI CHG) +58.53%
Deals 4,567 52 Weeks (ASI CHG) +48.32%
Gainers 14 Losers 24
Unchanged 61 Total 99
YTD Returns -0.44%

Source: NSE, GTI Research 

FMDQ ABOUT

FOREIGN EXCHANGE

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

The Investors and Exporters (I&E) FX window opened at N409.16 traded high at N429.75 and eventually closed at N408.67, representing 0.03% appreciation against Wednesday’s position. A total of $212.43 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 8.30%, representing a 6.47% appreciation against Wednesday’s position, while Open Buy-Back (OBB) rate closed at 7.60%,  representing a 6.10% appreciation as against yesterday’s position.

 

Sector Performance

Security % Change
NSE30 -7.03
NSEBNK -5.61
NSECNSMRGDS -4.52
NSEINDUSTR -0.07
NSEINS 0.49
NSELOTUSISLM -0.67
NSEOILGAS -0.40

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
CHAMS 0.22 0.22 0.24 0.02 9.09
ROYALEX 0.25 0.25 0.27 0.02 8.00
WEMABANK 0.65 0.65 0.7 0.05 7.69
REDSTAREX 3.12 3.12 3.3 0.18 5.77
PRESTIGE 0.44 0.44 0.46 0.02 4.55
WAPIC 0.54 0.54 0.56 0.02 3.70
FIDELITYBK 2.35 2.35 2.42 0.07 2.98

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
LASACO 1.24 1.12 1.12 -0.12 -9.68
FIDSON 5.35 5.35 4.9 -0.45 -8.41
ETI 5.55 5.55 5.2 -0.35 -6.31
MBENEFIT 0.39 0.39 0.37 -0.02 -5.13
UACN 7.95 7.95 7.55 -0.4 -5.03
ACCESS 8.5 8.5 8.1 -0.4 -4.71
UBA 8.55 8.55 8.2 -0.35 -4.09

Top 7 Traders By Volume

Security Daily Volume Daily Value Close Price
TRANSCORP          48,438,670      43,726,631.49 0.92
DANGSUGAR          33,886,770    611,834,426.85 18.10
UBA          27,468,432    229,570,405.45 8.20
ZENITHBANK          24,565,646    637,593,684.45 25.85
UCAP          19,239,478    118,034,581.14 6.00
OANDO          16,029,125      56,247,598.00 3.35
FBNH          15,895,986    116,918,203.40 7.35

Top 7 Traders By Value

Security Daily Volume Daily Value Close Price
ZENITHBANK    24,565,646.00    637,593,684.45 25.85
DANGSUGAR    33,886,770.00    611,834,426.85 18.10
GUARANTY    15,395,138.00    478,751,184.20 31.05
SEPLAT          608,685.00    322,569,906.60 530.00
NB      6,139,857.00    318,887,897.25 52.00
MTNN      1,376,250.00    244,861,218.90 179.90
UBA    27,468,432.00    229,570,405.45 8.20

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