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
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 |
| INDUSTRIAL | 0.00 |
| INSURANCE | -0.61 |
| LOTUS ISLAMIC | -0.36 |
| OIL/GAS | 0.33 |
Top 7 Gainers Number of Gainers (18)
| Company | Pclose | Open | Close | Change | % Change |
| CILEASING | 2.90 | 2.90 | 3.15 | 0.25 | 8.62 |
| FO | 17.50 | 17.50 | 19.00 | 1.50 | 8.57 |
| PRESTIGE | 0.48 | 0.48 | 0.52 | 0.04 | 8.33 |
| UNIONDAC | 0.30 | 0.30 | 0.32 | 0.02 | 6.67 |
| HONYFLOUR | 1.39 | 1.39 | 1.48 | 0.09 | 6.47 |
| NPFMCRFBK | 1.46 | 1.46 | 1.55 | 0.09 | 6.16 |
| LIVESTOCK | 0.60 | 0.60 | 0.63 | 0.03 | 5.00 |
Top 7 Losers Number of Losers (23)
| Company | Pclose | Open | Close | Change | % Change |
| CHAMPION | 1.80 | 1.80 | 1.62 | -0.18 | -10.00 |
| REDSTAREX | 5.45 | 5.45 | 4.95 | -0.50 | -9.17 |
| ROYALEX | 0.23 | 0.23 | 0.21 | -0.02 | -8.70 |
| JOHNHOLT | 0.58 | 0.58 | 0.53 | -0.05 | -8.62 |
| UNITYBNK | 0.93 | 0.93 | 0.85 | -0.08 | -8.60 |
| STDINSURE | 0.25 | 0.25 | 0.23 | -0.02 | -8.00 |
| NIGERINS | 0.33 | 0.33 | 0.31 | -0.02 | -6.06 |
Top 7 Traders By Volume
| Company | Volume | Value(₦) | Current Price |
| ACCESS | 24,009,373.00 | 185,393,856.95 | 8.10 |
| GUARANTY | 23,691,142.00 | 805,451,303.05 | 33.95 |
| SKYEBANK | 14,995,036.00 | 9,296,649.21 | 0.67 |
| ZENITHBANK | 10,326,366.00 | 208,948,206.85 | 20.25 |
| CILEASING | 8,257,249.00 | 25,981,990.57 | 3.15 |
| INTBREW | 6,911,767.00 | 221,176,544.00 | 32.00 |
| FBNH | 6,911,660.00 | 56,422,414.80 | 8.20 |
Top 7 Traders Value
| Company | Volume | Value(₦) | Current Price |
| ACCESS | 24,009,373.00 | 185,393,856.95 | 8.10 |
| GUARANTY | 23,691,142.00 | 805,451,303.05 | 33.95 |
| SKYEBANK | 14,995,036.00 | 9,296,649.21 | 0.67 |
| ZENITHBANK | 10,326,366.00 | 208,948,206.85 | 20.25 |
| CILEASING | 8,257,249.00 | 25,981,990.57 | 3.15 |
| INTBREW | 6,911,767.00 | 221,176,544.00 | 32.00 |
| FBNH | 6,911,660.00 | 6,422,414.80 | 8.20 |