Stock Market Decline further 0.39% as Investor’s Sell-off Persist
Transactions on the Nigeria Equity Market today (Tuesday) closed on a negative note to extend the losing streak to four consecutive trading session, as market performance indices (NSE-ASI and Market Cap) dropped by 0.39%. The negative performance was driven by profit-taking in some recently appreciated stocks like GUINNESS, UACN, Buacement among others.
However, the market breadth closed negatively, recording 21 losers against 14 gainers.
In summary, the All-Share Index (ASI) declined by 150.13 absolute points, representing a decrease of 0.39% to close at 38,766.61 points. While the overall Market Capitalization value lost N78.53 billion, representing a decrease of 0.39% to close at N20.28 trillion.
MRS emerged as the top loser (by percentage points) for today, with a price depreciation of -9.92%, while ETERNA emerged as the top gainer (by percentage points) with a price appreciation of +9.91%.
Today’s market loss was driven by price depreciation in large and medium capitalized stocks amongst which are; MRS (-9.92%), STERLNBANK (-8.65%), GUINNESS (-8.08%), GUARANTY (-3.34%), AIICO (-3.20%), OANDO (-3.13%), INTBREW (-1.72%), UACN (-1.52%), BUACEMENT (–1.09%), AFRIPRUD (-0.94%), ZENITHBANK (-0.90%), UNILEVER (-0.75%), UBA (-0.71%), and WAPCO (-0.15%).
MARKET STATISTICS
| CAP | N20,282,905,922,718.91 | One Day (ASI CHG) | -0.39% |
| Index | 38,766.61 | One Week (ASI CHG) | -1.27% |
| Volume | 224,594,153 | One Month (ASI CHG) | -1.44% |
| Value | N2,143,445,981.33 | Six Months (ASI CHG) | +34.10% |
| Deals | 4,675 | 52 Weeks (ASI CHG) | +87.56% |
| Gainers | 14 | Losers | 21 |
| Unchanged | 65 | Total | 100 |
| YTD Returns | -3.73% |
Source: NSE, GTI Research
Sector Performance
| Security | Change Percent |
| NSE30 | -0.5 |
| NSEBNK | -1.67 |
| NSECNSMRGDS | -0.39 |
| NSEINDUSTR | -0.52 |
| NSEINS | -0.53 |
| NSELOTUSISLM | -0.24 |
| NSEOILGAS | -0.11 |
Top 7 Gainers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| ETERNA | 5.45 | 5.45 | 5.99 | 0.54 | 9.91 |
| LINKASSURE | 0.72 | 0.79 | 0.79 | 0.07 | 9.72 |
| ROYALEX | 0.33 | 0.33 | 0.36 | 0.03 | 9.09 |
| JAPAULGOLD | 0.45 | 0.48 | 0.49 | 0.04 | 8.89 |
| FCMB | 2.83 | 2.83 | 2.96 | 0.13 | 4.59 |
| HONYFLOUR | 1.18 | 1.18 | 1.23 | 0.05 | 4.24 |
| WEMABANK | 0.57 | 0.57 | 0.59 | 0.02 | 3.51 |
Top 7 Losers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| MRS | 12.1 | 12.1 | 10.9 | -1.2 | -9.92 |
| ALEX | 8.1 | 8.1 | 7.3 | -0.8 | -9.88 |
| CHIPLC | 0.32 | 0.32 | 0.29 | -0.03 | -9.38 |
| STERLNBANK | 1.85 | 1.85 | 1.69 | -0.16 | -8.65 |
| GUINNESS | 35.9 | 35.9 | 33 | -2.9 | -8.08 |
| SOVRENINS | 0.25 | 0.25 | 0.23 | -0.02 | -8.00 |
| MBENEFIT | 0.46 | 0.46 | 0.43 | -0.03 | -6.52 |
Top 7 Traders By Volume
| Price | |||
| UACN | 34,049,100.00 | 337,606,748.25 | 9.75 |
| ACCESS | 26,347,367.00 | 214,930,232.35 | 8.1 |
| FBNH | 18,931,842.00 | 137,434,965.75 | 7.3 |
| ZENITHBANK | 16,586,858.00 | 364,334,978.05 | 21.9 |
| FIDELITYBK | 15,305,304.00 | 39,150,896.45 | 2.59 |
| UBA | 13,990,081.00 | 98,687,321.00 | 7 |
| GUARANTY | 11,696,822.00 | 338,593,180.00 | 28.95 |
Top 7 Traders By Value
| Security | Daily Volume | Daily Value | Close Price |
| ZENITHBANK | 16586858 | 364334978.10 | 21.9 |
| GUARANTY | 11696822 | 338593180.00 | 28.95 |
| UACN | 34049100 | 337606748.30 | 9.75 |
| ACCESS | 26347367 | 214930232.40 | 8.1 |
| FBNH | 18931842 | 137434965.80 | 7.3 |
| UBA | 13990081 | 98687321.00 | 7 |
| NESTLE | 51961 | 74036829.40 | 1375 |
| Security | Daily Volume | Daily Value | Close |