Stocks Nosedives on Customs Street as Inflation Falls Marginally to 18.12%

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Trading activities on the Nigeria Stock Market today (Tuesday) closed on a negative trajectory, to extend the bearish sentiments to two consecutive trading losses, as NGX-ASI and market capitalization dipped by 0.72%. The decline was triggered by investors’ sell-off in bellwether stocks like BUACEMENT, ZENITHBANK, and 13 others. Consequently, the market breadth closed negatively, recording 22 losers against 15 gainers.

Nigerian Stock Exchange 2

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 283.19 absolute points, representing a decline of 0.72% to close at 39,023.28 points. While the overall Market Capitalization value lost N148 billion, representing a dip of 0.72% to close at N20.34 trillion.

ABCTRANSPORT emerged as the top gainer (by percentage points) for today, with a maximum price appreciation of 10.00%, while PORTPAINT emerged as the top loser (by percentage points) with a maximum price depreciation of -9.85%.

Today’s market downturn was driven by price depreciation in large and medium capitalized stocks amongst which are; CHAMPION(-9.68%), REGALINS(-8.11%), LINKASSURE(-5.80%), BUACEMENT(-5.71%), JAPAULGOLD(-5.45%), FIDELITYBANK(-3.78%), STERLINGBANK(-3.75%), SOVRENINS(-3.57%), FBNH(-2.72%), TRANSCORP(-2.27%), UCAP (-1.90%), ZENITHBANK(0.84%), AFRIPRUD(-0.83%), UACN(-0.48%) and FCMB(-0.66%).

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MARKET STATISTICS

CAP N20,339,459,796,589.57 One Day (ASI CHG) -0.72%
Index 39,022.52 One Week (ASI CHG) -0.91%
Volume 204,646,759.00 One Month (ASI CHG) +0.55%
Value N1,839,718,913.56 Six Months (ASI CHG) +12.08%
Deals 3,940 52 Weeks (ASI CHG) +63.47%
Gainers 15 Losers 22
Unchanged 66 Total 103
YTD Returns -3.10%

Source: Ngxgroup.com, GTI Research 

 

 

FMDQ ABOUT

FOREIGN EXCHANGE

The Investors and Exporters (I&E) FX window opened at N410.71 traded high at N425.90, low at N395.00, and eventually closed at N411.63,  representing a 0.04% depreciation against Monday’s closing position. Also, a total of $111.53million was transacted through the I&E window today.

MONEY MARKET

The overnight (O/N) rate closed at 13.25%, representing a 0.05% depreciation as against Monday’s position. while Open Buy-Back (OBB) rate closed at 12.75%, representing a 0.75% depreciation as against Monday’s position.

Sector Performance

Security Change Percent
NSE30 -1
NSEBNK 0.03
NSECNSMRGDS -0.05
NSEINDUSTR -2.57
NSEINS -1.09
NSELOTUSISLM -1.05
NSEOILGAS 0.26

 

Top 7 Gainers

Security Previous Close Open Price Close Price Change Price % Change
ABCTRANS 0.4 0.4 0.44 0.04         10.00
ETERNA 7.25 7.25 7.97 0.72           9.93
TRANSCOHOT 3.25 3.25 3.57 0.32           9.85
WEMABANK 0.55 0.55 0.58 0.03           5.45
UBN 5.7 5.7 6 0.3           5.26
PZ 5.2 5.2 5.3 0.1           1.92
WAPIC 0.52 0.52 0.53 0.01           1.92

 

Top 7 Losers

Security Previous Close Open Price Close Price Change Price % Change
PORTPAINT 2.74 2.74 2.47 -0.27 –        9.85
CHAMPION 2.17 2.17 1.96 -0.21 –        9.68
SCOA 2.15 2.15 1.95 -0.2 –        9.30
REGALINS 0.37 0.37 0.34 -0.03 –        8.11
SUNUASSUR 0.54 0.54 0.5 -0.04 –        7.41
CORNERST 0.55 0.58 0.51 -0.04 –        7.27
LINKASSURE 0.69 0.69 0.65 -0.04 –        5.80

 

Top 7 Traders By Volume

Security Close Price  Daily Volume   Daily Value 
COURTVILLE 0.2    27,122,413.00         5,464,696.73
FIDELITYBK 2.29    23,405,804.00      54,207,200.11
ZENITHBANK 23.5    18,545,383.00    435,531,921.05
ACCESS 8.25    11,498,736.00      94,605,956.90
TRANSCORP 0.86    10,905,810.00         9,598,132.15
UBA 7.35      7,404,822.00      54,445,539.20
FCMB 3      6,657,009.00      19,185,461.27

 

Top 7 Traders By Value

Security Close Price  Daily Volume   Daily Value 
ZENITHBANK 23.5    18,545,383.00    435,531,921.05
BUACEMENT 72.6      3,169,787.00    223,245,181.25
SEPLAT 620          266,716.00    175,796,224.20
ACCESS 8.25    11,498,736.00      94,605,956.90
MTNN 160          541,605.00      86,781,631.00
WAPCO 20.2      3,715,423.00      74,966,550.60
UACN 10.4      5,790,027.00      60,363,761.20

 

 

GTI

GTI is a leading Nigerian Investment Banking group with proven expertise in Financial advisory, Securities Dealing (Fixed Income and Equities), Asset management and Deal Origination. We have strong capacity in financial service delivery.

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