ZENITHBANK & 12 others drag equity market lower, sheds 0.34%
Transactions on the Nigeria equity market on today (Friday) closed on a negative note, shedding 0.34%, reversing the previous positive sentiment, following persistent sell pressure on some big-name stocks like ZENITHBANK, FBNH, BUACEMENT and 10 others. However, the market breadth closed on a positive note, recording 17 gainers as against 13 losers.
NSE Trading Floor
In summary, the All-Share Index (ASI) decreased by 84.54 absolute points, representing a dip of 0.34% to close at 24,427.73 points. Similarly, the overall Market Capitalization size shed N44.10 billion, representing a contraction of 0.34% to close at N12.74 trillion
JBERGER emerged as the top gainer while SEPLAT emerged as the top loser.
The downturn was impacted by loses recorded in large and medium capitalized stocks, amongst which are; SEPLAT (-10.00%), BUACEMENT (-2.50%), UBA (-1.64%), FBNH (-1.00%), WAPCO (-0.45%) and ZENITHBANK (-0.32%).
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MARKET STATISTICS
| CAP | N12,742,950,223,566.93 | One Day (ASI CHG) | -0.34% |
| Index | 24,427.73 | One Week (ASI CHG) | +0.58% |
| Volume | 174,199,020 | One Month (ASI CHG) | -0.92% |
| Value | N2,384,725,703.81 | Six Months (ASI CHG) | -17.55% |
| Deals | 3,723 | 52 Weeks (ASI CHG) | -13.03% |
| Gainers | 17 | Losers | 13 |
| Unchanged | 55 | Total | 85 |
| YTD | -8.99% |
Source: NSE, GTI Research
FOREIGN EXCHANGE
The Naira at the official window on Friday closed at 381.00/$1, unchanged against the previous day’s position.
The Investors and Exporters (I&E) FX window opened at N388.21, traded high at N390.94, and eventually closed at N389.50, representing a 0.39% depreciation against the previous day’s closing position. A total of $43.67 million was transacted through the I&E window today.
MONEY MARKET
Overnight(O/N) rate closed at 2.20%, representing a 0.18% depreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 1.60%, representing a 0.28% depreciation against the previous day’s position.
| FIXED INCOME | |||
| Securities | Close | P. Close | Change |
| Bond | 311.61 | 313.42 | -1.81 bps |
| T.Bills | 182.16 | 191.26 | -9.10 bps |
| Note: BPS=> Basis Points |
Source: FMDQ, GTI Research
NASD OTC MARKET
The NASD OTC market today (Thursday) closed as the Unlisted Securities Index (USI) closed at 706.52, unchanged against the previous day’s closing position. Similarly, Market Capitalization at N518.99 billion, unchanged against the previous day’s closing position. Consequently, the aggregate volume and value increased by 1,852.76% and 782.83% respectively, as investors traded a total of 28,315 shares, worth N961,330 in 7 deal.
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Sector Performance
| Sector | % Change |
| NSE30 | -0.29 |
| BANKING | 0.01 |
| CONSUMER GOODS | -0.08 |
| INDUSTRIAL | -1.01 |
| INSURANCE | 0.29 |
| LOTUS ISLAMIC | -0.41 |
| OIL/GAS | -4.98 |
Top 7 Gainers
| Company | Pclose | Open | Close | Change | % Change |
| JBERGER | 15.50 | 15.50 | 17.05 | 1.55 | 10.00 |
| CUSTODIAN | 5.00 | 5.00 | 5.50 | 0.50 | 10.00 |
| CUTIX | 1.60 | 1.60 | 1.76 | 0.16 | 10.00 |
| HONYFLOUR | 0.95 | 0.95 | 1.04 | 0.09 | 9.47 |
| NAHCO | 2.03 | 2.03 | 2.20 | 0.17 | 8.37 |
| LINKASSURE | 0.38 | 0.38 | 0.41 | 0.03 | 7.89 |
| ROYALEX | 0.29 | 0.29 | 0.31 | 0.02 | 6.90 |
Top 7 Losers
| Company | Pclose | Open | Close | Change | % Change |
| SEPLAT | 386.00 | 386.00 | 347.40 | -38.60 | -10.00 |
| LEARNAFRCA | 1.06 | 1.06 | 1.01 | -0.05 | -4.72 |
| UNILEVER | 12.85 | 12.85 | 12.25 | -0.60 | -4.67 |
| TRANSCORP | 0.65 | 0.65 | 0.62 | -0.03 | -4.62 |
| LASACO | 0.25 | 0.25 | 0.24 | -0.01 | -4.00 |
| BUACEMENT | 40.00 | 40.00 | 39.00 | -1.00 | -2.50 |
| STERLNBANK | 1.20 | 1.20 | 1.18 | -0.02 | -1.67 |
Top 7 Traders By VolumeTop
| Company | Volume | Value(₦) | Current Price |
| ZENITHBANK | 34,572,651 | 537,548,153 | 15.50 |
| FBNH | 28,129,228 | 140,124,046 | 4.95 |
| UBA | 14,495,062 | 87,932,054 | 6.00 |
| ACCESS | 9,761,665 | 60,345,387 | 6.20 |
| NB | 9,718,219 | 301,305,105 | 31.00 |
| FLOURMILL | 6,388,053 | 108,768,925 | 17.00 |
| TRANSCORP | 6,318,356 | 3,961,799 | 0.62 |
7 Traders By Value
| Company | Volume | Value(₦) | Current Price |
| ZENITHBANK | 34,572,651 | 537,548,153.05 | 15.50 |
| DANGCEM | 2,682,700 | 362,795,048.20 | 134.20 |
| NB | 9,718,219 | 301,305,104.80 | 31.00 |
| MTNN | 1,314,339 | 157,964,655.90 | 120.00 |
| STANBIC | 5,108,289 | 153,373,722.40 | 30.00 |
| FBNH | 28,129,228 | 140,124,045.50 | 4.95 |
| GUARANTY | 5,660,596 | 122,589,473.50 | 21.65 |
