Local Bourse Nosedives by 2.24% as COVID-19 Cases in Nigeria Rises

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At the close of Friday’s trade, the local bourse All Share Index (ASI) rebounded by 0.54% to close at 22,198.43 points on renewed bullish activities even as the Exchange recorded 18 gainers as against 13 losers.

 

Consequently, the year to date loss of the NSE ASI declined to 17.3%. Bellwether stocks such as GUARANTY, MTNN, CAP, JBERGER, DANGCEM rose by 1.64%, 3.52%, 8.33%, 6.28% and 0.54% respectively.

Hence, the NSE Banking, NSE Insurance and NSE Industrial indices rose by 0.24%, 0.37% and 0.19% respectively.

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However, the volume and value of stocks traded declined by 27.83% and 27.81% to 0.38 billion units and N3.42 billion respectively. Meanwhile, NIBOR moved in different directions; while NITTY declined for most maturities amid sustained buy pressure.

In the OTC bonds market, the values of FGN bonds were mostly flattish; however, FGN Eurobond rose for most maturities tracked amid buy pressure.

MARKET STATISTICS

CAP One Day (ASI CHG) -2.24%
Index 21700.98 One Week (ASI CHG) -4.42%
Volume One Month (ASI CHG) -19.75%
Value Six Months (ASI CHG) -21.52%
Deals 52 Weeks (ASI CHG) -30.09%
Gainers 9 Losers 25
Unchanged 62 Total 96
-19.15%

Source: NSEGTI Research

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FOREIGN EXCHANGE

The Naira at the official window on Monday closed at 360.00/$1, representing a 0.28% appreciation Friday’s position.

The Investors and Exporters (I&E) FX window opened at N380.55, traded high at N382.00 and eventually closed at N380.75representing 2.35% depreciation against Friday’s closing position. A total of $501.03 million was transacted through the I&E window today.

MONEY MARKET

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Overnight(O/N) rate closed at 6.93%, representing a 1.63% appreciation against Friday’s closing position, while Open Buy-Back (OBB) rate closed at 6.00%, representing 1.20% appreciation against Friday’s position.

FIXED INCOME
Securities P. Close Close Change
Bond 611.73 602.82 -8.91 bps
T.Bills 682.12 683.39 +1.27 bps
Note: BPS=> Basis Points
Read Also:  Equity Market surge as Covid-19 Lockdown eases

Source: FMDQGTI Research

NASD OTC MARKET

The NASD OTC market on Monday closed higher as the Unlisted Securities Index (USI) closed at 690.98, against Friday’s closing position. Similarly, Market Capitalization closed higher at N507.57 billion, against Friday’s position. Consequently, the aggregate volume and value increased by 548.23% and 4,719.66%, as investors traded a total of 472,305 volume of shares, valued at N20.37 in 19 deals.

Sector Performance

Sector % Change
NSE30 -2.63
BANKING -9.00
CONSUMER GOODS -3.61
INDUSTRIAL -0.79
INSURANCE -1.47
LOTUS ISLAMIC -0.44
OIL/GAS -0.83

 

Top 7 Gainers

Company Pclose Open Close Change % Change
NEIMETH 0.40 0.44 0.04 10.00 0.44
MAYBAKER 1.79 1.79 0.16 8.94 1.91
CUSTODIAN 5.20 5.20 0.45 8.65 5.56
FLOURMILL 19.30 19.30 1.50 7.77 19.36
CAP 19.50 19.50 1.50 7.69 20.61
CUTIX 1.16 1.16 0.04 3.45 1.10
FIDELITYBK 1.69 1.69 0.05 2.96 1.69

 

Top 7 Losers

Company Pclose Open Close Change % Change
DANGSUGAR 10.00 10.00 9.00 -1.00 -10.00
NB 30.00 30.00 27.00 -3.00 -10.00
STANBIC 26.50 26.50 23.85 -2.65 -10.00
WEMABANK 0.50 0.50 0.45 -0.05 -10.00
UBA 5.00 5.00 4.50 -0.50 -10.00
UCAP 2.41 2.41 2.17 -0.24 -9.96
GUARANTY 18.60 18.60 16.75 -1.85 -9.95
Read Also:  Equity Market sheds 0.15%, halts four day bullish rally.


Top 7 Traders By Volume

Company Volume Value(₦) Current Price
ZENITHBANK                          120,456,307                   1,302,219,999 10.70
GUARANTY                            63,272,926                   1,062,648,920 16.75
FBNH                            46,675,185                      176,055,185 3.85
ACCESS                            31,009,236                      173,184,345 5.40
UBA                            29,162,562                      136,019,415 4.50
TRANSCORP                            24,570,849                        13,413,524 0.56
FCMB                            20,622,828                        31,821,915 1.55

 

Top 7 Traders By Value

Company Volume Value(₦) Current Price
ZENITHBANK                          120,456,307              1,302,219,999.35 10.70
GUARANTY                            63,272,926              1,062,648,919.75 16.75
MTNN                              2,424,029                 242,011,286.40 103.00
STANBIC                              8,275,165                 197,876,028.20 23.85
FBNH                            46,675,185                 176,055,184.95 3.85
ACCESS                            31,009,236                 173,184,344.70 5.40
UBA                            29,162,562                 136,019,415.05 4.50
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Local Bourse Nosedives by 2.24% as COVID-19 Cases in Nigeria Rises - Brand SpurLocal Bourse Nosedives by 2.24% as COVID-19 Cases in Nigeria Rises - Brand Spur

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Local Bourse Nosedives by 2.24% as COVID-19 Cases in Nigeria Rises - Brand SpurLocal Bourse Nosedives by 2.24% as COVID-19 Cases in Nigeria Rises - Brand Spur

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