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
| CAP | N20,637,467,686,883.86 | One Day (ASI CHG) | -0.92% |
| Index | 39,433.81 | One Week (ASI CHG) | +1.68% |
| Volume | 349,558,809 | One Month (ASI CHG) | +1.33% |
| Value | N3,501,054,326.00 | Six Months (ASI CHG) | +28.29% |
| Deals | 4,554 | 52 Weeks (ASI CHG) | +65.62% |
| Gainers | 16 | Losers | 22 |
| Unchanged | 67 | Total | 105 |
| YTD Returns | -2.08% |
Source: Ngxgroup.com, GTI 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 |
| NSEINDUSTR | 0.29 |
| NSEINS | -0.05 |
| NSELOTUSISLM | -0.65 |
| NSEOILGAS | -0.15 |
Top 7 Gainers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| LASACO | 1.56 | 1.56 | 1.71 | 0.15 | 9.62 |
| LINKASSURE | 0.53 | 0.53 | 0.58 | 0.05 | 9.43 |
| CAVERTON | 1.76 | 1.76 | 1.92 | 0.16 | 9.09 |
| STERLNBANK | 1.48 | 1.48 | 1.6 | 0.12 | 8.11 |
| REGALINS | 0.3 | 0.3 | 0.32 | 0.02 | 6.67 |
| GUINNESS | 27.1 | 27.1 | 28.7 | 1.6 | 5.90 |
| ROYALEX | 0.57 | 0.57 | 0.6 | 0.03 | 5.26 |
Top 7 Losers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| STANBIC | 50 | 50 | 45 | -5.00 | -10.00 |
| CWG | 2.29 | 2.29 | 2.07 | -0.22 | -9.61 |
| UNILEVER | 13.4 | 13.4 | 12.3 | -1.10 | -8.21 |
| COURTVILLE | 0.25 | 0.25 | 0.23 | -0.02 | -8.00 |
| INTBREW | 5.7 | 5.7 | 5.3 | -0.40 | -7.02 |
| VERITASKAP | 0.21 | 0.21 | 0.2 | -0.01 | -4.76 |
| AIICO | 1.28 | 1.28 | 1.23 | -0.05 | -3.91 |
Top 7 Traders By Volume
| Security | Daily Volume | Daily Value | Close Price |
| FBNH | 71,284,716 | 523,783,677.65 | 7.30 |
| ACCESS | 40,878,905 | 309,952,391.45 | 7.70 |
| EKOCORP | 40,000,000 | 235,999,882.00 | 5.90 |
| ZENITHBANK | 25,025,933 | 544,351,648.05 | 21.30 |
| UBA | 18,047,166 | 130,312,910.50 | 7.20 |
| GUARANTY | 15,949,489 | 464,675,074.15 | 29.00 |
| JAIZBANK | 15,137,688 | 9,084,146.47 | 0.60 |
Top 7 Traders By Value
| Security | Daily Volume | Daily Value | Close Price |
| ZENITHBANK | 25,025,933 | 544,351,648.05 | 21.3 |
| FBNH | 71,284,716 | 523,783,677.65 | 7.30 |
| GUARANTY | 15,949,489 | 464,675,074.15 | 29.00 |
| ACCESS | 40,878,905 | 309,952,391.45 | 7.70 |
| MTNN | 1,593,262 | 265,530,281.40 | 169.90 |
| EKOCORP | 40,000,000 | 235,999,882.00 | 5.90 |
| BUACEMENT | 2,791,029 | 195,790,684.35 | 77.90 |
