Stock market reverses previous gain, Posts 0.39% Loss.

Stock market reverses previous gain, Posts 0.39% Loss.

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The Equity Market began the trading week lower on Monday, shedding 0.39%. Market breadth closed negative, recording 18 gainers against 23 losers.

In summary, the All Share Index (ASI) was down by 125.61 absolute points, representing a decrease of 0.39%, closing at 32,201.98 points. Similarly, the Market Capitalization was down N45.68 billion,  representing a decrease of 0.39%, closing at N11.76 trillion.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; UBA (-2.70%),  GUARANTY (-2.30%), GUINNESS (-2.16%), NESTLE (-1.46%), MOBIL (-0.56%), and NB (-0.54%).

FOREIGN EXCHANGE

The Naira at the inter-bank rate closed at N306.30, representing a 0.02% depreciation against Friday’s closing price.

The Investors and Exporters (I&E) FX window opened at N362.87, traded high at N364.50 and eventually closed at N362.93, representing a 0.07% appreciation against Friday’s closing price. A total of $223.45 million was transacted through the I&E window today.

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

MONEY MARKET

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Overnight (O/N) rate closed at 12.67%, representing a 0.67% appreciation against Friday’s closing position, while Open Buy-Back (OBB) rate closed at 11.83% representing a 1.17% appreciation against Friday’s closing position.

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

Sector Performance

Sector%    Change
NSE30-0.44
BANKING-0.55
CONGLOMERATE-0.53
CONSUMER GOODS-0.81
INDUSTRIAL0.00
INSURANCE-0.61
LOTUS ISLAMIC-0.36
OIL/GAS0.33

Top 7 Gainers                                                          Number of Gainers (18)

Read:  Equity Market postS 0.26% gain, sustaining prior uptrend
CompanyPcloseOpenCloseChange% Change
CILEASING2.902.903.150.258.62
FO17.5017.5019.001.508.57
PRESTIGE0.480.480.520.048.33
UNIONDAC0.300.300.320.026.67
HONYFLOUR1.391.391.480.096.47
NPFMCRFBK1.461.461.550.096.16
LIVESTOCK0.600.600.630.035.00

 

Top 7 Losers                                                          Number of Losers (23)

Read:  Equity Market postS 0.26% gain, sustaining prior uptrend
CompanyPcloseOpenCloseChange% Change
CHAMPION1.801.801.62-0.18-10.00
REDSTAREX5.455.454.95-0.50-9.17
ROYALEX0.230.230.21-0.02-8.70
JOHNHOLT0.580.580.53-0.05-8.62
UNITYBNK0.930.930.85-0.08-8.60
STDINSURE0.250.250.23-0.02-8.00
NIGERINS0.330.330.31-0.02-6.06

Top 7 Traders By Volume

CompanyVolumeValue(₦)Current Price
ACCESS                      24,009,373.00                185,393,856.958.10
GUARANTY                      23,691,142.00                805,451,303.0533.95
SKYEBANK                      14,995,036.00                    9,296,649.210.67
ZENITHBANK                      10,326,366.00                208,948,206.8520.25
CILEASING                        8,257,249.00                  25,981,990.573.15
INTBREW                        6,911,767.00                221,176,544.0032.00
FBNH                        6,911,660.00                  56,422,414.808.20

Top 7 Traders Value

CompanyVolumeValue(₦)Current Price
ACCESS                      24,009,373.00 185,393,856.958.10
GUARANTY                      23,691,142.00 805,451,303.0533.95
SKYEBANK                      14,995,036.00 9,296,649.210.67
ZENITHBANK                      10,326,366.00 208,948,206.8520.25
CILEASING                        8,257,249.00 25,981,990.573.15
INTBREW                        6,911,767.00 221,176,544.0032.00
FBNH                        6,911,660.00 6,422,414.808.20
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