Value depreciation in MTNN, others drag local bourse lower, sheds 0.13%

201 Views

The Nigerian equity market today (Friday), closed on a negative note, with a dip of 0.13%, reversing previous positive sentiment, following a seesaw movement of alternating losses and gain of three consecutive trading days. The downturn was buoyed by value depreciation in MTNN, DANGCEM & 12 others. However, the market breadth closed positively, recording 15 gainers as against 13 gainers.

 

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 26.58 absolute points, representing a dip of 0.13% to close at 21,094.62 points. Similarly, the overall Market Capitalization size shed N13.85 billion, representing an increase of 0.13% to close at N11.00 trillion.

ACCESS & COURTVILLE emerged as the top gainers while SKYAVN emerged as the top loser.

The downturn was impacted by loses recorded in large and medium capitalized stocks, amongst which are; WAPCO (-2.72%), DANGCEM (-2.65%), NB (-2.22%), MTNN (-0.86%) and FIDELITYBK (-0.59%).

Click here for more on NSE Daily Price List

MARKET STATISTICS

CAP N10,993,525,508,506.52 One Day (ASI CHG) -0.13%
Index 21,094.62 One Week (ASI CHG) -3.05%
Volume 235,298,007.00 One Month (ASI CHG) -19.73%
Value N2,978,129,854.35 Six Months (ASI CHG) -22.12%
Deals 3,988.00 52 Weeks (ASI CHG) -28.62%
Gainers 15 Losers 13
Unchanged 57 Total 83
-21.41%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window on Friday closed unchanged at 361.00/$1, against yesterday’s position.

The Investors and Exporters (I&E) FX window opened at N388.40, traded high at N401.45 and eventually closed at N383.00, unchanged against yesterday’s closing position. A total of $74.51 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 2.60%, representing a 0.48% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 2.20%, representing 0.47% depreciation against yesterday’s position.

FIXED INCOME
Securities P. Close Close Change
Bond 584.27 593.06 +8.79 bps
T.Bills 602.33 566.52 -35.81 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

The NASD OTC market on Friday remained unchanged as the Unlisted Securities Index (USI) closed at 692.71, against yesterday’s closing position. Similarly, Market Capitalization closed at N508.84 billion, unchanged against yesterday’s position. However, the aggregate volume and value increased by 348,900.00% and 36,254.17%, as investors traded a total of 349,000 volume of shares, valued at N4.36 million in 3 deals.

Click here for more on NASD Daily Price List

 

Sector Performance

Top 6 Gainers

Company Pclose Open Close Change % Change
ACCESS 5.50 5.50 0.55 10.00 5.72
COURTVILLE 0.20 0.20 0.02 10.00 0.21
ZENITHBANK 11.00 11.75 0.90 8.18 11.62
UACN 6.50 6.50 0.50 7.69 7.00
UNIONDAC 0.26 0.26 0.02 7.69 0.28
FBNH 3.70 3.70 0.25 6.76 3.89
OANDO 2.05 2.05 0.13 6.34 2.17

 

Top 7 Losers

Company Pclose Open Close Change % Change
SKYAVN 2.63 2.63 2.37 -0.26 -9.89
CILEASING 6.20 6.20 5.60 -0.60 -9.68
CORNERST 0.58 0.58 0.54 -0.04 -6.90
WEMABANK 0.49 0.49 0.47 -0.02 -4.08
TRANSCORP 0.65 0.65 0.63 -0.02 -3.08
WAPCO 9.20 9.20 8.95 -0.25 -2.72
DANGCEM 128.40 128.40 125.00 -3.40 -2.65


Top 7 Traders By Volume

Company Volume Value(₦) Current Price
FBNH                            59,680,466                      232,005,123 3.95
GUARANTY                            43,559,474                      768,000,324 17.60
UBA                            31,121,145                      152,968,791 4.95
ZENITHBANK                            27,753,101                      322,530,199 11.90
ACCESS                            15,405,978                        88,110,365 6.05
FIDELITYBK                              8,289,116                        13,948,358 1.69
AIICO                              5,668,730                          4,280,712 0.73

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
GUARANTY                            43,559,474                 768,000,323.65 17.60
DANGCEM                              4,119,848                 487,598,240.10 125.00
NESTLE                                 625,551                 474,761,762.80 765.00
ZENITHBANK                            27,753,101                 322,530,198.65 11.90
MTNN                              2,621,366                 238,144,922.50 92.00
FBNH                            59,680,466                 232,005,123.30 3.95
UBA                            31,121,145                 152,968,790.80 4.95

 

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.

You may also like...