Equity Market Summary: Five Premium Stocks, 17 Others Drag Down ASI to 0.40% Loss.

Equity Market Summary: Five Premium Stocks, 17 Others Drag Down ASI to 0.40% Loss.

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The equity market closed lower today, shedding 0.40% to extend downtrend to three consecutive trading days. The dip was aided by losses in five Premium stocks (UBA, ZENITHBANK, ACCESS, WAPCO and SEPLAT) and 17 others. Market breadth closed positive, recording 22 gainers against 21 losers.

In summary, the All Share Index (ASI) was down by 145.62 absolute points, representing a dip of 0.40%, closing at 36,333.80 points. Similarly, the market capitalization decreased by N53.16 billion, representing a dip of 0.40%, closing at N13.26 trillion.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; SEPLAT (-8.45%), MAYBAKER (-3.83%), FO (-2.34%), GUARANTY (-2.13%), WAPCO (-1.97%), FIDELITYBK (-1.60%), DIAMONDBNK (-1.60%), DANGCEM (-1.20%), UBA (-0.87%), ZENITHBANK (-0.84%) and ACCESS (-0.50%).

MARKET STATISTICS 

CAPN13,261,926,521,848.87One Day (ASI CHG)-0.40
Index36,333.80One Week (ASI CHG)-1.85
Volume243,869,734One Month (ASI CHG)-3.43
ValueN2,222,572,695.02Six Month (ASI CHG)-16.14
Deals3,83052 Weeks (ASI CHG)-4.38
Gainers22Losers21
Unchanged70Total113
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YTD:    -4.99

FOREIGN EXCHANGE

The Naira at the inter-bank rate closed unchanged at N306.90, against yesterday’s closing price.

The Investors and Exporters (I&E) FX window opened at N362.09, traded high at N363.75 and eventually closed at N362.30, representing a 0.09% depreciation against yesterday’s closing price. A total of $138.53 million was transacted through the I&E window today.

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

MONEY MARKET

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Overnight (O/N) rate closed at 8.42%, representing a 0.08% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 7.58% representing a 0.33% appreciation against yesterday’s closing position.

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

FIXED INCOME

SECURITIESPrev. CloseCloseChange
BOND699.86693.77-6 bps
T.BILLS365.05369.13+4 bps
Note: BPS => Basis Points
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