Financial Sector Extends Local Bourse Decline, Plunge 0.92%

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Newly Listed Geregu Top NGX Gainers Chat, Amidst Negative Market Performance
Newly Listed Geregu Top NGX Gainers Chat, Amidst Negative Market Performance

Transactions on the Nigeria Local Bourse today (Wednesday) closed in the negative region to extend the previous day’s bearish sentiment, as NGX-ASI shed 0.92%. The price depreciation was sustained by sell-off in four major market sectors, led by stocks in the banking sector.

Accordingly, the market breadth closed negatively, recording 22 losers and 16 gainers.

In summary, the All-Share Index (ASI) declined by 367.97 absolute points, representing a dip of 0.92% to close at 39,433.81 points. While the overall Market Capitalization value lost N192.67 billion, representing a decrease of 0.93% to close at N20.64 trillion. The discrepancy between the ASI and Market Capitalization was a result of price adjustment of MTNN and SEPLAT shares.

LASACO emerged as the top gainer (by percentage points) for today, with a maximum price appreciation of 9.62%, while STANBIC emerged as the top loser (by percentage points) with a maximum price depreciation of -10.00%.

Today’s market loss was driven by price depreciation in large and medium capitalized stocks amongst which are; STANBIC (-10.00%), UNILEVER (-8.21%), COURTEVILLE (-8.00%), INTBREW (-7.02%), VERITASKAP (-4.76%), AIICO (-3.91%), PZ (-3.77%), GUARANTY (-3.65%), NPFMCRFBK (-3.50%), ZENITHBANK (-3.180%), UAC-PROP (-2.56%), FTNCOCOA (-2.50%), GLAXOSMITH (-2.34%)JBERGER (-2.33%), OANDO (-1.96%), UCAP (-1.72%), JAPAULGOLD (-1.69%), WEMABANK (-1.64%), NEM (-1.48%), FBNH (-1.35%), and  FIDELITYBK (-0.44%).

MARKET STATISTICS

CAPN20,637,467,686,883.86One Day (ASI CHG)-0.92%
Index39,433.81One Week (ASI CHG)+1.68%
Volume349,558,809One Month (ASI CHG)+1.33%
ValueN3,501,054,326.00Six Months (ASI CHG)+28.29%
Deals4,55452 Weeks (ASI CHG)+65.62%
Gainers16Losers22
Unchanged67Total105
YTD Returns-2.08%

Source: Ngxgroup.comGTI Research 

FOREIGN EXCHANGE

The Naira at the official rate remains unchanged to close at N379.00/$1 as at Friday’s position.

The Investors and Exporters (I&E) FX window opened at N410.25 traded high at N422.00, and low at N395.00 and eventually closed at N410.50,  representing a 0.12% appreciation against Tuesday’s position. Also, a total of $42.59 million was transacted through the I&E window today.

MONEY MARKET

Overnight (O/N) rate closed at 15.50%, remain unchanged against Tuesday’s position, while Open Buy-Back (OBB) rate closed at 15.00%,  representing a 0.50% appreciation as against Tuesday’s position.

Sector Performance

Security% Change 
NSE30-1.10
NSEBNK-1.69
NSECNSMRGDS-0.52
NSEINDUSTR0.29
NSEINS-0.05
NSELOTUSISLM-0.65
NSEOILGAS-0.15

Top 7 Gainers

SecurityPrevious CloseOpen PriceClose PriceChange Price% Change
LASACO1.561.561.710.159.62
LINKASSURE0.530.530.580.059.43
CAVERTON1.761.761.920.169.09
STERLNBANK1.481.481.60.128.11
REGALINS0.30.30.320.026.67
GUINNESS27.127.128.71.65.90
ROYALEX0.570.570.60.035.26

Top 7 Losers

SecurityPrevious CloseOpen PriceClose PriceChange Price% Change
STANBIC505045-5.00-10.00
CWG2.292.292.07-0.22-9.61
UNILEVER13.413.412.3-1.10-8.21
COURTVILLE0.250.250.23-0.02-8.00
INTBREW5.75.75.3-0.40-7.02
VERITASKAP0.210.210.2-0.01-4.76
AIICO1.281.281.23-0.05-3.91

Top 7 Traders By Volume

SecurityDaily VolumeDaily ValueClose Price
FBNH           71,284,716   523,783,677.657.30
ACCESS           40,878,905   309,952,391.457.70
EKOCORP           40,000,000   235,999,882.005.90
ZENITHBANK           25,025,933   544,351,648.0521.30
UBA           18,047,166   130,312,910.507.20
GUARANTY           15,949,489   464,675,074.1529.00
JAIZBANK           15,137,688        9,084,146.470.60

Top 7 Traders By Value

SecurityDaily VolumeDaily ValueClose Price
ZENITHBANK           25,025,933   544,351,648.0521.3
FBNH           71,284,716   523,783,677.657.30
GUARANTY           15,949,489   464,675,074.1529.00
ACCESS           40,878,905   309,952,391.457.70
MTNN              1,593,262   265,530,281.40169.90
EKOCORP           40,000,000   235,999,882.005.90
BUACEMENT              2,791,029   195,790,684.3577.90