UBA, Access Bank, 17 Others drag ASI lower, Shed 0.03%

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The Equity Market began the week in a lower position today as it shed 0.03%, extending last week’s negative sentiment to four consecutive trading days. The downturn was aided by the profit taking in UBA, ACCESS and 17 other shares. The Market breadth closed negative, recording 18 gainers against 19 losers.

 

NSE Trading Floor

 

In summary, the All Share Index (ASI) was down by 10.95 absolute points, representing an decrease of 0.03%, closing at 34,837.50 points. Similarly, the Market Capitalization was down by N4 billion, representing an decrease of 0.33%, closing at N12.12 trillion.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; FLOURMILL (-9.67%), OANDO (-5.66%), GUINNESS (-5.26%), DANGSUGAR (-4.13%), NB (-2.96%), UBA (-1.25%), ACCESS (-1.05%), and FO (-0.75%).

 

FOREIGN EXCHANGE

The Naira at the inter-bank rate closed unchanged at N306.15 against Friday’s closing price.

The Investors and Exporters (I&E) FX window opened at N362.32, traded high at N364.00 and eventually closed at N362.78, representing 0.04% depreciation against Friday’s closing price. A total of $425.98 million was transacted through the I&E window today.

We expect the FX Market to trade within existing range in the next session.

 

MONEY MARKET

Overnight (O/N) rate closed at 5.42%, representing a 1.42% depreciation against Friday’s closing position, while Open Buy-Back (OBB) rate  closed  at 4.42% representing a 1.58% depreciation against Friday’s closing position.

We expect the Money Market to trade within existing range in the next session.

 

Sector Performance

Sector %    Change
NSE30 -0.32
BANKING 0.57
CONGLOMERATE -0.13
CONSUMER GOODS -1.57
INDUSTRIAL 0.51
INSURANCE 1.91
LOTUS ISLAMIC 0.10
OIL/GAS -0.72

 

Top 7 Gainers

Company Pclose Open Close Change % Change
HMARKINS 0.30 0.30 0.33 0.03 10.00
AIICO 0.82 0.82 0.90 0.08 9.76
CONTINSURE 1.37 1.37 1.50 0.13 9.49
NPFMCRFBK 1.45 1.45 1.58 0.13 8.97
WAPIC 0.36 0.36 0.39 0.03 8.33
UNIONDAC 0.26 0.26 0.28 0.02 7.69
HONYFLOUR 1.49 1.49 1.60 0.11 7.38

 

Top 7 Losers

Company Pclose Open Close Change % Change
JAIZBANK 0.50 0.50 0.45 -0.05 -10.00
FLOURMILL 24.30 24.30 21.95 -2.35 -9.67
TRANSCORP 1.26 1.26 1.16 -0.10 -7.94
PRESTIGE 0.52 0.52 0.48 -0.04 -7.69
VERITASKAP 0.29 0.29 0.27 -0.02 -6.90
MBENEFIT 0.30 0.30 0.28 -0.02 -6.67
DIAMONDBNK 1.23 1.23 1.15 -0.08 -6.50

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
NB                       19,130,589.00              1,815,919,160.80 95.00
STANBIC                       11,807,504.00                 556,590,283.65 48.00
AIICO                       11,241,291.00                   10,096,383.95 0.90
UBA                       10,746,538.00                   86,151,076.50 7.90
NEM                         7,273,264.00                   24,598,102.60 3.45
ACCESS                         6,317,471.00                   59,286,391.20 9.40
FBNH                         6,195,390.00                   54,834,042.50 8.85

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
NB                       19,130,589.00              1,815,919,160.80 95.00
STANBIC                       11,807,504.00                 556,590,283.65 48.00
ZENITHBANK                         5,877,744.00                 125,493,447.10 21.35
DANGCEM                            425,972.00                   96,130,544.80 230.00
UBA                       10,746,538.00                   86,151,076.50 7.90
GUARANTY                         2,138,906.00                   78,095,541.00 36.50
ACCESS                         6,317,471.00                   59,286,391.20 9.40

 

 

 

 

 

 

 

 

 

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