Nigeria: Market Hedge low by 3.72%

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Transactions on the local bourse today (Thursday) closed negative with a 3.72% decline in the market performance index. Consequently, the market breadth closed negative, recording 3 gainers against 44 losers.

In summary, the All-Share Index (ASI) decreased by 815.91 absolute points, representing a dip of 3.72% to close at 22,695.88 points. Similarly, the overall Market Capitalization size shed N456.96 billion, representing a dip of 3.72% to close at N11.83 trillion.

CAVERTON emerged as the top gainer while NB & 7 others emerged as top losers.

The downtrend was impacted by loses recorded in large and medium capitalized stocks, amongst which are; NB (-10.00%), FIDELITYBK (-10.00%), ZENITHBANK (-9.96%), MTNN (-9.95%), HONYFLOUR (-9.78%), WAPCO (-9.70%), UBA (-9.70%), ACCESS (-9.30%), ETI (-9.28%), and FBNH (-9.09%).

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MARKET STATISTICS

CAP N11,827,388,268,411.42 One Day (ASI CHG) -3.72%
Index 22,695.88 One Week (ASI CHG) -14.12%
Volume 1,058,914,902 One Month (ASI CHG) -18.59%
Value N9,806,233,825.28 Six Months (ASI CHG) -17.25%
Deals 5,501 52 Weeks (ASI CHG) -27.28%
Gainers 3 Losers 44
Unchanged 86 Total 85
-15.45%

Source: NSE, GTI Research

FOREIGN EXCHANGE

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

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The Investors and Exporters (I&E) FX window opened at N368.00, traded high at N368.50 and eventually closed at N368.33representing a 0.43% depreciation against yesterday’s closing position. A total of $498.13 million was transacted through the I&E window today.

MONEY MARKET

Overnight(O/N) rate closed at 13.83%, representing a 0.57% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 12.83%, representing 0.97% depreciation against yesterday’s position.

FIXED INCOME
Securities P. Close Close Change
Bond 560.12 608.31 +48.19 bps
T.Bills 652.39 665.68 +13.29 bps
Note: BPS=> Basis Points
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Source: FMDQ, GTI Research

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NASD OTC MARKET

The NASD OTC market on Thursday closed unchanged as the Unlisted Securities Index (USI) closed at 707.65, against yesterday’s closing position. Similarly, Market Capitalization closed unchanged at N508.76 billion, against yesterday’s position. Similarly, the aggregate volume and value increased by 130.82% and 758.34% respectively, as investors traded a total of 1,647,933 volume of shares, valued at N158.38 million in 14 deals.

Sector Performance

Sector % Change
NSE30 -4.37
BANKING -8.51
CONSUMER GOODS -2.74
INDUSTRIAL -0.93
INSURANCE -5.22
LOTUS ISLAMIC -2.73
OIL/GAS -0.82

Top 7 Gainers

Company Pclose Open Close Change % Change
CAVERTON 2.10 2.10 2.31 0.21 10.00
SKYAVN 2.34 2.34 2.57 0.23 9.83
STANBIC 28.35 28.35 29.30 0.95 3.35

Top 7 Losers

Company Pclose Open Close Change % Change
AFRIPRUD 4.00 4.00 3.60 -0.40 -10.00
FIDELITYBK 1.70 1.70 1.53 -0.17 -10.00
FLOURMILL 22.00 22.00 19.80 -2.20 -10.00
NB 33.00 33.00 29.70 -3.30 -10.00
OANDO 2.10 2.10 1.89 -0.21 -10.00
UPL 1.00 1.00 0.90 -0.10 -10.00
WAPIC 0.30 0.30 0.27 -0.03 -10.00

Top 7 Traders By Volume

Company Volume Value(₦) Current Price
ZENITHBANK                          433,157,412                   4,700,004,638 -1.20
UBA                          371,339,102                   2,085,236,560 -0.60
GUARANTY                            62,183,618                   1,136,156,253 -1.80
FBNH                            31,947,943                      128,213,066 -0.40
WAPIC                            20,642,809                          5,789,926 -0.03
ACCESS                            17,446,720                      105,593,398 -0.60
OANDO                            13,885,962                        26,513,541 -0.21
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Top 7 Traders By Value

Company Volume Value(₦) Current Price
ZENITHBANK                          433,157,412              4,700,004,638.05 10.85
UBA                          371,339,102              2,085,236,560.05 5.60
GUARANTY                            62,183,618              1,136,156,253.35 18.10
MTNN                              9,164,897                 855,946,378.50 93.20
NB                              6,912,591                 205,310,132.35 29.70
OKOMUOIL                              3,459,216                 193,393,625.30 55.30
FBNH                            31,947,943                 128,213,065.75 4.00
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Nigeria: Market Hedge low by 3.72% - Brand SpurNigeria: Market Hedge low by 3.72% - Brand Spur

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