The Equity Market closed lower on Wednesday, shedding 0.78% to reverse Monday’s gain. Market breadth closed negative, recording 10 gainers and 22 losers.
In summary, the All Share Index (ASI) was down by 252.45 absolute points, representing a decrease of 0.78%, closing at 31,969.79 points. Similarly, Market Capitalization decreased by N92.17 billion representing a dip of 0.78%, closing at N11.89 trillion.
MOBIL emerged the top gainer while UNITY BANK emerged the top loser.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; WAPCO (-6.25%), CADBURY (-3.66%), ETI (-3.13%), GUARANTY (-2.98%), HONYFLOUR (-2.88%), DANGCEM (-1.72%) CCNN (-1.36), DANGSUGAR (-0.77%), FBNH (-0.66%), ACCESS (-0.65) and ZENITHBANK (-0.41%).
MARKET STATISTICS
| CAP | N11,671,441,021,351.54 | One Day (ASI CHG) | -0.78 |
| Index | 31,969.79 | One Week (ASI CHG) | -0.43 |
| Volume | 237,746,984 | One Month (ASI CHG) | -2.65 |
| Value | N3,503,007,036.93 | Six Months (ASI CHG) | -20.92 |
| Deals | 3,359 | 52 Weeks (ASI CHG) | -12.65 |
| Gainers | 10 | Losers | 22 |
| Unchanged | 61 | Total | 93 |
| YTD Returns | -16.40 |
FOREIGN EXCHANGE
The Naira at the inter-bank rate remains unchanged to close at N306.75 against Monday’s closing price.
The Investors and Exporters (I&E) FX window opened at N363.80, traded high at N364.75 and eventually closed at N364.26, representing a 0.16% depreciation against Monday’s closing price. A total of $129.06 million was transacted through the I&E window today.
MONEY MARKET
Overnight (O/N) rate closed at 10.67%, representing a 0.17% depreciation against Monday’s closing position, while Open Buy-Back (OBB) rate also closed at 9.67% representing a 0.50% depreciation against Monday’s closing position.
| FIXED INCOME | |||
| Securities | P. Close | Close | Change |
| Bond | 844.65 | 847.22 | +2.57 bps |
| T.Bills | 447.87 | 448.57 | +0.70 bps |
| Note: BPS=> Basis Point | |||
Source: FMDQ, GTI Research
Sector Performance
| Sector | % Change |
| NSE30 | -0.68 |
| BANKING | -1.55 |
| CONSUMER GOODS | 0.18 |
| INDUSTRIAL | -2.58 |
| INSURANCE | 0.26 |
| LOTUS ISLAMIC | -0.49 |
| OIL/GAS | 1.10 |
Top 7 Gainers
| Company | Pclose | Open | Close | Change | % Change |
| MOBIL | 150 | 150 | 165 | 15.00 | 10.00 |
| PRESTIGE | 0.61 | 0.61 | 0.67 | 0.06 | 9.84 |
| UNIONDAC | 0.23 | 0.23 | 0.25 | 0.02 | 8.70 |
| VERITASKAP | 0.23 | 0.23 | 0.25 | 0.02 | 8.70 |
| STANBIC | 48 | 48 | 50 | 2.00 | 4.17 |
| FLOURMILL | 18 | 18 | 18.6 | 0.60 | 3.33 |
| NPFMCRFBK | 1.49 | 1.49 | 1.53 | 0.04 | 2.68 |
Top 7 Losers
| Company | Pclose | Open | Close | Change | % Change |
| UNITYBNK | 0.93 | 0.93 | 0.85 | -0.08 | -8.60 |
| JAIZBANK | 0.49 | 0.49 | 0.45 | -0.04 | -8.16 |
| WAPCO | 16 | 16 | 15 | -1.00 | -6.25 |
| PRESCO | 66.25 | 66.25 | 62.15 | -4.10 | -6.19 |
| CADBURY | 9.55 | 9.55 | 9.2 | -0.35 | -3.66 |
| DIAMONDBNK | 0.89 | 0.89 | 0.86 | -0.03 | -3.37 |
| ETI | 16 | 16 | 15.5 | -0.50 | -3.13 |
Top 7 Traders By Volume
| Company | Volume | Value(₦) | Current Price |
| OANDO | 58,563,684.00 | 298,646,907.95 | 5.1 |
| ZENITHBANK | 23,990,494.00 | 577,592,509.60 | 24 |
| FCMB | 21,642,196.00 | 33,125,020.16 | 1.51 |
| GUARANTY | 20,834,338.00 | 759,558,579.55 | 35.85 |
| FIDELITYBK | 16,136,937.00 | 31,628,942.57 | 1.98 |
| INTBREW | 14,119,220.00 | 434,142,700.00 | 30.75 |
| FBNH | 11,053,442.00 | 82,752,620.75 | 7.55 |
Top 7 Traders By Value
| Company | Volume | Value(₦) | Current Price |
| GUARANTY | 20,834,338.00 | 759,558,579.55 | 35.85 |
| ZENITHBANK | 23,990,494.00 | 577,592,509.60 | 24 |
| STANBIC | 9,302,846.00 | 477,422,696.00 | 50 |
| INTBREW | 14,119,220.00 | 434,142,700.00 | 30.75 |
| OANDO | 58,563,684.00 | 298,646,907.95 | 5.1 |
| DANGCEM | 953,866.00 | 190,941,296.30 | 200 |
| UNILEVER | 2,882,639.00 | 113,776,375.90 | 39.5 |
