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: NSE, GTI Research
FOREIGN EXCHANGE
The Naira at the official window on Wednesday closed unchanged at 306.95/$1, against yesterday’s position.
The Investors and Exporters (I&E) FX window opened at N362.18, traded high at N357.50 and eventually closed at N362.88, representing 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 |
Source: FMDQ, GTI 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.
| 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 |
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 |
