Investors’ wealth declines further by N60 billion

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Trading activities on the Nigerian Stock Exchange (NSE) sustained bearish sentiment to five consecutive trading sessions, following price depreciation on Seplat, Dangcem and 14 others. Consequently, the market breadth closed positively with 17 gainers as against 16 losers.

In summary, the All-Share Index (ASI) shed 121.04 absolute points, representing a decline of 0.45% to close at 26,866.41 points. Similarly, the Market Capitalization lost N58.93 billion representing a dip of 0.45%, to close at N13.08 trillion.

COURTVILLE emerged the top gainer while CORNERST emerged as top loser.

The downtrend was impacted by losses recorded in large and medium capitalized stocks, amongst which are; SEPLAT (-6.85%), OANDO (-2.70%), STANBIC (-2.50%), NESTLE (-2.03%), UBA (-1.63%), WAPCO (-1.54%), ACCESS (-1.39%), TRANSCORP (-0.99%), DANGSUGAR (-0.47%), and DANGCEM (-0.07%).

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MARKET STATISTICS

CAP N13,078,453,242,669.60 One Day (ASI CHG) -0.45%
Index 26,866.41 One Week (ASI CHG) -2.77%
Volume 151,714,943 One Month (ASI CHG) -1.03%
Value N1,504,247,538.13 Six Months (ASI CHG) -9.29%
Deals 2,854 52 Weeks (ASI CHG) -17.04%
Gainers 17 Losers 16
Unchanged 68 Total 101
YTD Returns -14.52%

Source: NSEGTI Research

FOREIGN EXCHANGE

The Naira remained flat to close at N307.00/$1, as against Friday’s position.

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The Investors and Exporters (I&E) FX window opened at N362.27, traded high at N364.00 and eventually closed at N362.37 representing 0.11% appreciation as against last Friday’s position. A total of $315.64 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 4.79%, representing a 1.36% appreciation against  last Friday’s position, while Open Buy-Back (OBB) rate closed at 4.00%, representing a 1.29% appreciation against last Friday’s position.

FIXED INCOME
Securities P. Close Close Change
Bond 1034.98 1033.68 – 1.30 bps
T.Bills 543.22 573.32 + 30.10 bps
Note: BPS=> Basis Points

Source: FMDQGTI Research 

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NASD OTC MARKET         

After three consecutive days of unchanged sentiment, the NASD OTC market closed negatively, as the Unlisted Securities Index (USI) shed 0.24% to close at 697.97 points. Similarly, the Market Capitalization lost N1.19 billion to close at N501.45 billion as against last Friday’s position. However, the aggregate volume and value grew by 14,494.29% and 76,415.52% respectively, as investors traded a total of 102,306 units of shares valued at N19.09 million in 13 deals.

Read Also:  Investors gain N37billion amid bargain-hunting

Sector Performance

Sector %    Change
NSE30 -0.94
BANKING -0.13
CONSUMER GOODS -1.18
INDUSTRIAL 0.10
INSURANCE -0.22
LOTUS ISLAMIC -0.40
OIL/GAS -4.18

Top 7 Gainers

Company Pclose Open Close Change % Change
COURTVILLE 0.20 0.20 0.22 0.02 10.00
AFRIPRUD 3.52 3.52 3.87 0.35 9.94
ABCTRANS 0.34 0.34 0.37 0.03 8.82
WEMABANK 0.58 0.58 0.63 0.05 8.62
UACN 6.55 6.55 7.10 0.55 8.40
CHAMS 0.24 0.24 0.26 0.02 8.33
NEIMETH 0.44 0.44 0.46 0.02 4.55

Top 7 Losers 

Company Pclose Open Close Change % Change
CORNERST 0.40 0.40 0.36 -0.04 -10.00
SEPLAT 555.00 555.00 517.00 -38.00 -6.85
CADBURY 10.45 10.45 9.85 -0.60 -5.74
CAVERTON 2.60 2.60 2.46 -0.14 -5.38
OANDO 3.70 3.70 3.60 -0.10 -2.70
STANBIC 38.00 38.00 37.05 -0.95 -2.50
FIDELITYBK 1.67 1.67 1.63 -0.04 -2.40

 Top 7 Traders By Volume    

Company Volume Value(₦) Current Price
FCMB                             55,672,474                         89,061,945 1.60
TRANSCORP                             17,154,141                         17,208,435 1.00
FBNH                             14,393,568                         76,238,105 5.30
ACCESS                               7,357,417                         52,351,344 7.10
ZENITHBANK                               6,866,512                       123,543,463 18.00
GUARANTY                               6,469,487                       172,078,865 26.55
WEMABANK                               4,991,108                           2,955,132 0.63
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Top 7 Traders By Value

Company Volume Value(₦) Current Price
NESTLE                                  395,265                  486,070,361.20 1230.00
DANGCEM                               1,800,344                  270,013,241.30 150.90
GUARANTY                               6,469,487                  172,078,865.30 26.55
ZENITHBANK                               6,866,512                  123,543,463.40 18.00
FCMB                             55,672,474                    89,061,945.07 1.60
FBNH                             14,393,568                    76,238,104.55 5.30
ACCESS                               7,357,417                    52,351,344.35 7.10
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Investors’ wealth declines further by N60 billion - Brand SpurInvestors’ wealth declines further by N60 billion - Brand Spur

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