Stock market sustains downtrend with 0.62% loss

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The Nigerian bourse on Thursday extends losing streak to five consecutive trading sessions,  as sell pressure persists. Consequently, the market breadth closed negative, recording 13 gainers against 20 losers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 166.14 absolute points, representing a dip of 0.62% to close at 26,808.24 points. Similarly, the overall Market Capitalization size shed N86.55 billion, representing a dip of 0.62% to close at N13.97 trillion.

JAIZBANK emerged as the top gainer while FLOURMILL emerged as top loser.

The downtrend was impacted by losses recorded in large and medium capitalized stocks, amongst which are; FLOURMILL (-8.70%), FBNH (-5.56%), HONYFLOUR (-4.76%), ETI (-4.00%), ACCESS (-2.78%), GUARANTY (-2.22%), UBA (-2.10%), FIDELITYBK (-0.48%) and ZENITHBANK (-0.26%).

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MARKET STATISTICS

CAP N13,965,894,995,780.27 One Day (ASI CHG) -0.62%
Index 26,808.24 One Week (ASI CHG) -2.76%
Volume 231,528,456 One Month (ASI CHG) -7.91%
Value N4,481,171,355.51 Six Months (ASI CHG) -2.25%
Deals 3,606 52 Weeks (ASI CHG) -15.48%
Gainers 13 Losers 20
Unchanged 61 Total 94
YTD Returns -0.13%

Source: NSE, GTI Research

 

 

FOREIGN EXCHANGE

The Naira at the official window on Thursday closed unchanged at 306.95/$1, against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N365.27, traded high at N366.25 and eventually closed at N365.22, representing a 0.08% appreciation against yesterday’s closing position. A total of $1376.14 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate closed at 2.50%, representing a 0.40% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 2.00%, representing 0.40% depreciation against yesterday’s position.

 

 

FIXED INCOME
Securities P. Close Close Change
Bond 477.54 474.92 -2.62 bps
T.Bills 477.08 539.49 +62.41 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

The NASD OTC market on Thursday closed unchanged as the Unlisted Securities Index (USI) closed at 700.39, against yesterday’s closing position. Similarly, Market Capitalization closed at N503.55 billion, unchanged against yesterday’s position. However, the aggregate volume and value increased by 461,024.17% and 1,070.84% respectively, as investors traded a total of 7,393,070,041 volume of shares, valued at N4.60 billion in 12 deals.

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Sector Performance

Sector % Change
NSE30 -8.46
BANKING -4.73
CONSUMER GOODS -4.18
INDUSTRIAL 0.00
INSURANCE 1.12
LOTUS ISLAMIC 1.16
OIL/GAS -1.33

 

Top 7 Gainers

Company Pclose Open Close Change % Change
JAIZBANK 0.53 0.53 0.58 0.05 9.43
LAWUNION 0.88 0.88 0.95 0.07 7.95
NAHCO 2.70 2.70 2.89 0.19 7.04
MAYBAKER 1.87 1.87 1.96 0.09 4.81
AIICO 0.82 0.82 0.85 0.03 3.66
WAPIC 0.31 0.31 0.32 0.01 3.23
LINKASSURE 0.41 0.41 0.42 0.01 2.44

 

Top 7 Losers

Company Pclose Open Close Change % Change
FLOURMILL 23.00 23.00 21.00 -2.00 -8.70
CHIPLC 0.29 0.29 0.27 -0.02 -6.90
NPFMCRFBK 1.12 1.12 1.05 -0.07 -6.25
STANBIC 38.50 38.50 36.10 -2.40 -6.23
OANDO 3.18 3.18 3.00 -0.18 -5.66
FBNH 5.40 5.40 5.10 -0.30 -5.56
HONYFLOUR 1.05 1.05 1.00 -0.05 -4.76

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
ZENITHBANK                            45,573,480                      868,090,002 -0.05
NB                            39,498,051                   1,777,029,487 -1.00
GUARANTY                            35,616,061                      949,076,610 -0.60
UBA                            25,501,480                      177,203,356 -0.15
FBNH                            18,609,561                        99,209,940 -0.30
UCAP                            11,397,615                        37,031,113 -0.03
TRANSCORP                              9,313,899                          8,371,030 -0.01

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
NB                            39,498,051              1,777,029,487.35 45.00
GUARANTY                            35,616,061                 949,076,609.90 26.40
ZENITHBANK                            45,573,480                 868,090,001.65 19.00
MTNN                              2,518,743                 282,550,960.00 112.10
UBA                            25,501,480                 177,203,356.05 7.00
FBNH                            18,609,561                   99,209,939.55 5.10
DANGCEM                                 374,929                   58,437,152.90 170.00

 

GTI

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