ZENITHBANK, ACCESS, FBNH & 20 other drag NSE-ASI lower, sheds 0.28%

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The Nigerian equity market today (Wednesday) closed on a negative note as the All-Share-Index contracted by 0.28% to extend the previous negative sentiment of three consecutive trading day. The downtrend was buoyed by value depreciation on some bellwether stocks like ZENITHBANK, ACCESS, FBNH and 20 others. Consequently, the market breadth closed on a negative note, recording 23 losers as against 7 gainers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 72.41 absolute points, representing a dip of 0.28% to close at 25,424.91 points. Similarly, the overall Market Capitalization size shed N37.77 billion, representing a contraction of 0.28% to close at N13.26 trillion.

FIDSON emerged as the top gainer while ROYALEX emerged as the top loser.

The downturn was impacted by loses recorded in large and medium capitalized stocks, amongst which are; HONYFLOUR (-4.26%), UBA (-3.17%) ACCESS (-2.99%), ZENITHBANK (-2.96%), FBNH (-1.98%) and ETI (-1.20%).

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MARKET STATISTICS

CAP N13,263,809,309,331.16 One Day (ASI CHG) -0.28%
Index 25,424.91 One Week (ASI CHG) +0.14%
Volume 269,629,692 One Month (ASI CHG) +1.59%
Value N2,871,568,140.17 Six Months (ASI CHG) -7.86%
Deals 4,155 52 Weeks (ASI CHG) -6.15%
Gainers 7 Losers 23
Unchanged 65 Total 95
    YTD -5.28%

Source: NSE, GTI Research

FOREIGN EXCHANGE

The Naira at the official window today (Wednesday) closed at 379.00/$1, unchanged against the previous day’s position.

The Investors and Exporters (I&E) FX window opened at N386.46, traded high at N394.63 and eventually closed at N386.00, representing a 0.05% appreciation against the previous day’s closing position. A total of $35.18 million was transacted through the I&E window today.

 

MONEY MARKET

Overnight(O/N) rate today (Wednesday) closed at 2.38%, representing a 0.28% appreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 1.50%, representing a 0.20% appreciation against the previous day’s position.

 

FIXED INCOME
Securities Close P. Close Change
Bond 332.97 343.26 -10.29 bps
T.Bills 112.74 114.44 -1.70 bps
Note: BPS=> Basis Points

Source: FMDQ, GTI Research

 

NASD OTC MARKET

 The NASD OTC market today (Wednesday) closed on a positive note as the Unlisted Securities Index (USI) closed at 721.93, representing a 0.19% appreciation against the previous day’s closing position. Similarly, Market Capitalization gained N1.02 billion closed at N530.31 billion, representing a 0.19% appreciation against the previous day’s closing position. However, the aggregate volume and value decreased by 49.41% and 9.45% respectively, as investors traded a total of 121,250 shares, worth N3.54 million in 10 deal.

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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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