Investors’ wealth declines further by N60 billion

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%).

MARKET STATISTICS

CAPN13,078,453,242,669.60One Day (ASI CHG)-0.45%
Index26,866.41One Week (ASI CHG)-2.77%
Volume151,714,943One Month (ASI CHG)-1.03%
ValueN1,504,247,538.13Six Months (ASI CHG)-9.29%
Deals2,85452 Weeks (ASI CHG)-17.04%
Gainers17Losers16
Unchanged68Total101
YTD Returns-14.52%

Source: NSEGTI Research

FOREIGN EXCHANGE

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

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.

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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
SecuritiesP. CloseCloseChange
Bond1034.981033.68– 1.30 bps
T.Bills543.22573.32+ 30.10 bps
Note: BPS=> Basis Points

Source: FMDQGTI Research 

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.

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Sector Performance

Sector%    Change
NSE30-0.94
BANKING-0.13
CONSUMER GOODS-1.18
INDUSTRIAL0.10
INSURANCE-0.22
LOTUS ISLAMIC-0.40
OIL/GAS-4.18

Top 7 Gainers

CompanyPcloseOpenCloseChange% Change
COURTVILLE0.200.200.220.0210.00
AFRIPRUD3.523.523.870.359.94
ABCTRANS0.340.340.370.038.82
WEMABANK0.580.580.630.058.62
UACN6.556.557.100.558.40
CHAMS0.240.240.260.028.33
NEIMETH0.440.440.460.024.55
Read:  Stanbic IBTC maintains strong liquidity, grows FY 2018 PAT by 54%.

Top 7 Losers 

CompanyPcloseOpenCloseChange% Change
CORNERST0.400.400.36-0.04-10.00
SEPLAT555.00555.00517.00-38.00-6.85
CADBURY10.4510.459.85-0.60-5.74
CAVERTON2.602.602.46-0.14-5.38
OANDO3.703.703.60-0.10-2.70
STANBIC38.0038.0037.05-0.95-2.50
FIDELITYBK1.671.671.63-0.04-2.40

 Top 7 Traders By Volume    

CompanyVolumeValue(₦)Current Price
FCMB                            55,672,474                        89,061,9451.60
TRANSCORP                            17,154,141                        17,208,4351.00
FBNH                            14,393,568                        76,238,1055.30
ACCESS                              7,357,417                        52,351,3447.10
ZENITHBANK                              6,866,512                      123,543,46318.00
GUARANTY                              6,469,487                      172,078,86526.55
WEMABANK                              4,991,108                          2,955,1320.63

Top 7 Traders By Value

CompanyVolumeValue(₦)Current Price
NESTLE                                 395,265                 486,070,361.201230.00
DANGCEM                              1,800,344                 270,013,241.30150.90
GUARANTY                              6,469,487                 172,078,865.3026.55
ZENITHBANK                              6,866,512                 123,543,463.4018.00
FCMB                            55,672,474                   89,061,945.071.60
FBNH                            14,393,568                   76,238,104.555.30
ACCESS                              7,357,417                   52,351,344.357.10
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