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

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%).

MARKET STATISTICS

CAPN11,380,809,593,697.52One Day (ASI CHG)-1.14
Index31,173.71One Week (ASI CHG)-3.25
Volume182,228,953One Month (ASI CHG)-5.27
ValueN2,754,300,158.78Six Months (ASI CHG)-20.73
Deals3,12152 Weeks (ASI CHG)-16.31
Gainers14Losers23
Unchanged55Total92
YTD Returns-18.49

Source: NSEGTI Research

Read:  Nigeria’s Non-Oil Sector Records $1.16 Billion Revenue in Q4’18

FOREIGN EXCHANGE

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

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:  NSE Presents Facts Behind the Sustainability Report to improve ESG Reporting​

MARKET STATISTICS

FIXED INCOME
SecuritiesP. CloseCloseChange
Bond844.32847.13+2.81 bps
T.Bills448.72482.96+34.24 bps
Note: BPS=> Basis Point

Source: FMDQGTI Research

Sector Performance

Sector%    Change
NSE30-1.32
BANKING-1.65
CONSUMER GOODS-0.09
INDUSTRIAL-0.93
INSURANCE1.17
LOTUS ISLAMIC-0.30
OIL/GAS-5.68

Top 7 Gainers

CompanyPcloseOpenCloseChange% Change
BETAGLAS62.162.168.36.209.98
CONTINSURE1.551.71.70.159.68
CAP31.9531.9534.953.009.39
CADBURY9.29.29.750.555.98
WEMABANK0.540.540.570.035.56
MCNICHOLS0.450.450.470.024.44
OANDO4.854.854.950.102.06
Read:  Equity Market Sheds 0.77%, Extends Bearish Run To Three Days in a Row

Top 7 Losers

CompanyPcloseOpenCloseChange% Change
AGLEVENT0.30.30.27-0.03-10.00
FO19.219.217.3-1.90-9.90
PZ11.711.710.55-1.15-9.83
SEPLAT652.7652.7590-62.70-9.61
PRESTIGE0.850.850.77-0.08-9.41
VERITASKAP0.230.230.21-0.02-8.70
DIAMONDBNK0.860.860.81-0.05-5.81

Top 7 Traders By Volume

CompanyVolumeValue(₦)Current Price
CCNN37,937,901.00 682,874,617.1018
ACCESS 29,286,818.00 212,249,262.407.1
TRANSCORP 22,388,500.0025,870,007.861.16
UBA 12,466,165.00 93,914,406.907.5
FBNH12,060,630.0088,210,352.707.35
FCMB8,206,396.0012,218,413.131.5
FIDELITYBK7,721,395.0014,983,854.951.92

Top 7 Traders By Value

CompanyVolumeValue(₦)Current Price
CCNN37,937,901.00682,874,617.1018
NESTLE371,324.00551,416,062.001485
NB3,749,318.00297,699,572.3079.4
ACCESS29,286,818.00 212,249,262.407.1
UNILEVER 4,945,449.00 195,315,980.4539.5
GUARANTY 5,253,931.00184,946,794.7035
SEPLAT211,574.00124,801,416.00590
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