Selloff in Seplat and Dangote Cement Cause Equity Market to Shed 1.14%

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The Equity Market dipped further on Tuesday, losing 1.14% to continue Monday’s bearish sentiment. Market breadth closed negative, recording 14 gainers and 23 losers.

In summary, the All Share Index (ASI) was down by 359.79 absolute points, representing a decrease of 1.14%, closing at 31,173.71 points. Similarly, Market Capitalization decreased by N130.86 billion representing a dip of 1.14%, closing at N11.38 trillion.

BETAGLAS  emerged the top gainer while AGLEVENT emerged the top loser.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; SEPLAT (-9.61%), DIAMONDBNK (-5.812%), WAPCO (-5.45%), FLOURMILL(-4.88%), ACCESS (-2.74%), TRANSCORP (-2.52%), GUARANTY (-2.51%), FBNH (-2.00%),  ZENITHBANK (-1.46%) and DANGCEM (-1.03%).

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MARKET STATISTICS

CAP N11,380,809,593,697.52 One Day (ASI CHG) -1.14
Index 31,173.71 One Week (ASI CHG) -3.25
Volume 182,228,953 One Month (ASI CHG) -5.27
Value N2,754,300,158.78 Six Months (ASI CHG) -20.73
Deals 3,121 52 Weeks (ASI CHG) -16.31
Gainers 14 Losers 23
Unchanged 55 Total 92
YTD Returns -18.49

Source: NSEGTI Research

FOREIGN EXCHANGE

The Naira at the inter-bank rate remains unchanged to closed at N306.80  against Monday’s closing price.

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The Investors and Exporters (I&E) FX window opened at N363.74, traded high at N365.00 and eventually closed at N364.22, representing a 0.10% appreciation against Monday’s closing price. A total of $147.30 million was transacted through the I&E window today.

MONEY MARKET

Overnight (O/N) rate closed at 17.21%, representing a 1.46% appreciation against Monday’s closing position, while Open Buy-Back (OBB) rate also closed at 16.29% representing a 1.12% appreciation against Monday’s closing position.

Read Also:  Weekly Economic & Market Update - Equity market Outlook (Sept 10th - 14th)

MARKET STATISTICS

FIXED INCOME
Securities P. Close Close Change
Bond 844.32 847.13 +2.81 bps
T.Bills 448.72 482.96 +34.24 bps
Note: BPS=> Basis Point
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Source: FMDQGTI Research

Sector Performance

Sector %    Change
NSE30 -1.32
BANKING -1.65
CONSUMER GOODS -0.09
INDUSTRIAL -0.93
INSURANCE 1.17
LOTUS ISLAMIC -0.30
OIL/GAS -5.68

Top 7 Gainers

Company Pclose Open Close Change % Change
BETAGLAS 62.1 62.1 68.3 6.20 9.98
CONTINSURE 1.55 1.7 1.7 0.15 9.68
CAP 31.95 31.95 34.95 3.00 9.39
CADBURY 9.2 9.2 9.75 0.55 5.98
WEMABANK 0.54 0.54 0.57 0.03 5.56
MCNICHOLS 0.45 0.45 0.47 0.02 4.44
OANDO 4.85 4.85 4.95 0.10 2.06

Top 7 Losers

Company Pclose Open Close Change % Change
AGLEVENT 0.3 0.3 0.27 -0.03 -10.00
FO 19.2 19.2 17.3 -1.90 -9.90
PZ 11.7 11.7 10.55 -1.15 -9.83
SEPLAT 652.7 652.7 590 -62.70 -9.61
PRESTIGE 0.85 0.85 0.77 -0.08 -9.41
VERITASKAP 0.23 0.23 0.21 -0.02 -8.70
DIAMONDBNK 0.86 0.86 0.81 -0.05 -5.81

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
CCNN 37,937,901.00  682,874,617.10 18
ACCESS  29,286,818.00  212,249,262.40 7.1
TRANSCORP  22,388,500.00 25,870,007.86 1.16
UBA  12,466,165.00  93,914,406.90 7.5
FBNH 12,060,630.00 88,210,352.70 7.35
FCMB 8,206,396.00 12,218,413.13 1.5
FIDELITYBK 7,721,395.00 14,983,854.95 1.92
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Top 7 Traders By Value

Company Volume Value(₦) Current Price
CCNN 37,937,901.00 682,874,617.10 18
NESTLE 371,324.00 551,416,062.00 1485
NB 3,749,318.00 297,699,572.30 79.4
ACCESS 29,286,818.00  212,249,262.40 7.1
UNILEVER  4,945,449.00  195,315,980.45 39.5
GUARANTY  5,253,931.00 184,946,794.70 35
SEPLAT 211,574.00 124,801,416.00 590
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