Bellwether Stocks Drags Equity Market to Marginal Loss

Bellwether Stocks Drags Equity Market to Marginal Loss

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The Nigerian Equity Market on Wednesday lurched lower to sustain yesterday’s downtrend, as the ASI dipped marginally by 0.03%. The decline was impacted by profit-taking, mostly on big-name stocks. Consequently, the market breadth closed negative, recording 15 gainers against 18 losers.

In summary, the All-Share Index (ASI) decreased by 4.55 absolute points, representing a decline of 0.02% to close at 29,458.21 points, Similarly, the overall Market Capitalization size decreased by N2.34 billion, representing a growth of 0.02% to close at N15.17 trillion.

LAW UNION emerged as the top gainer while  JBERGER emerged as top loser.

The downturn was impacted by losses recorded in large and medium capitalized stocks, amongst which are; FLOURMILL (-3.62%), WAPCO (-3.17%), FIDELITYBK (-1.79%), ZENITHBANK (-1.57%), MTNN (-0.23%), and DANGCEM (-0.12%).

MARKET STATISTICS

CAP N15,173,703,384,696.21 One Day (ASI CHG) -0.02%
Index 29,458.21 One Week (ASI CHG) +1.36%
Volume 312,410,549 One Month (ASI CHG) +11.05%
Value N3,585,916,628.79 Six Months (ASI CHG) +5.93%
Deals 4,334 52 Weeks (ASI CHG) -4.16%
Gainers 15 Losers 18
Unchanged 63 Total 96
YTD Returns +9.75%

Source: NSEGTI Research

FOREIGN EXCHANGE

The Naira at the official window on Wednesday closed unchanged at 306.95/$1, against yesterday’s position.

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The Investors and Exporters (I&E) FX window opened at N362.18, traded high at N357.50 and eventually closed at N362.88representing a 0.19% depreciation as against yesterday’s closing position. A total of $181.99 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 2.86%, representing 0.24% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 2.14%, representing 0.26% depreciation against yesterday’s position.

FIXED INCOME
Securities P. Close Close Change
Bond 568.13 566.64 -1.49 bps
T.Bills 435.42 434.49 -0.93 bps
Note: BPS=> Basis Points
Read:  Equity Market sheds 0.48%, beginning the week in the red.

Source: FMDQGTI Research 

NASD OTC MARKET

The NASD OTC market on Wednesday closed unchanged as the Unlisted Securities Index (USI)  close at 702.69. Similarly, Market Capitalization shed closed unchanged at N504.84 billion against yesterday’s position. Consequently, the aggregate volume and value increased by 1,174.04% and 973.74% respectively, as investors traded a total of 281,690 volume of shares valued at N38.50 million in 2 deals.

NASD Daily Price List

Sector %    Change
NSE30 -0.08
BANKING 0.13
CONSUMER GOODS -0.22
INDUSTRIAL 0.41
INSURANCE 0.86
LOTUS ISLAMIC 0.21
OIL/GAS 0.36

 

Sector Performance

Top 7 Gainers 

Company Pclose Open Close Change % Change
LAWUNION 0.60 0.60 0.66 0.06 10.00
AIICO 0.81 0.81 0.88 0.07 8.64
HONYFLOUR 1.08 1.08 1.17 0.09 8.33
CUTIX 1.36 1.36 1.43 0.07 5.15
ABBEYBDS 1.00 1.00 1.05 0.05 5.00
JAIZBANK 0.66 0.66 0.68 0.02 3.03
UBA 8.50 8.50 8.75 0.25 2.94
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Top Losers

Company Pclose Open Close Change % Change
JBERGER 21.45 21.45 20.00 -1.45 -6.76
NASCON 15.70 15.70 15.00 -0.70 -4.46
COURTVILLE 0.24 0.24 0.23 -0.01 -4.17
TRANSCORP 1.07 1.07 1.03 -0.04 -3.74
LASACO 0.27 0.27 0.26 -0.01 -3.70
FLOURMILL 23.50 23.50 22.65 -0.85 -3.62
WAPCO 17.35 17.35 16.80 -0.55 -3.17

 

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
AUSTINLAZ                            85,000,000                      174,410,000 2.03
ACCESS                            60,521,226                      600,916,920 10.10
GUARANTY                            26,459,047                      849,982,262 32.20
ZENITHBANK                            25,730,021                      564,761,655 22.00
UBA                            16,856,589                      144,050,588 8.75
FIDELITYBK                            13,542,253                        29,879,441 2.20
WAPCO                              9,952,426                      168,506,980 16.80

 

Top 7 Traders By Value

GUARANTY                            26,459,047                 849,982,262.20 32.20
ACCESS                            60,521,226                 600,916,919.65 10.10
DANGCEM                              3,317,311                 573,205,153.60 172.80
ZENITHBANK                            25,730,021                 564,761,654.85 22.00
AUSTINLAZ                            85,000,000                 174,410,000.00 2.03
WAPCO                              9,952,426                 168,506,980.45 16.80
UBA                            16,856,589                 144,050,587.55 8.75
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