Consumer Goods Sector Downs Equity Market, as Inflation Declines to 17.93%

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consumer goods Stock market halts two days downtrend, gains 1.04%

June 15, 2021 – Transactions on Local Bourse closed today (Tuesday) on a bearish note. The negative performance was a result of investor’s profit-taking sentiments in recently appreciated bellwether stocks like AIRTELAFRICA, OKOMUOIL, and 24 others, as inflation declines for the second consecutive month to 17.93% in May.

Consequently, the market capitalization declined by 1.66% while the NGX-ASI reduced by 1.67%. However, the market breadth closed positively recording 26 gainers against 19 losers.

inflation consumer goods Stock market halts two days downtrend, gains 1.04%

In summary, the All-Share Index (ASI) dropped by 648.99 absolute points, representing a decline of 1.66% to close at 38,507.29 points. However, the overall Market Capitalization value shed N339.85 billion, representing a decrease of 1.67%. 

The discrepancy between the NGX-ASI and the market capitalization was a result of the delisting of four companies, namely:  Evans Medical Plc, Nigerian-German Plc, Roads Nigeria Plc, Unic Diversified Holdings Plc to close at N20.07trillion.

CWG emerged as the top gainer (by percentage points) for today, with a maximum price appreciation of +9.73%, while AIRTELAFRICA emerged as a  top loser (by percentage points) with a maximum price depreciation of -10.00%.

Today’s market downturn was driven by price depreciation in large and medium capitalized stocks amongst which are; AIRTELAFRICA(-10.00), OKOMUOIL(-9.44%), AFRIPRUD(-8.33%), PZ(-3.33%), PRESCO(-2.50%), STANBIC(-2.44%), UACN(-2.06%), GUARANTY(-1.38%), TRANSCORP(-1.11%), FLOURMILLS(-1.00%), FCMB(-0.96%), UBA(-0.70%), VITAFOAM(-0.42%), NASSCON(-0.34%), DANGSUGAR(-0.28%), and GUINNESS(-0.17%).

MARKET STATISTICS

CAPN20,069,351,938,036.25One Day (ASI CHG)-1.66%
Index38,507.29One Week (ASI CHG)-0.96%
Volume297,346,399.00One Month (ASI CHG)-2.47%
ValueN3,649,933,851.61Six Months (ASI CHG)+9.32%
Deals4,402.0052 Weeks (ASI CHG)+54.31%
Gainers26Losers19
Unchanged60Total105
YTD Returns-4.38%

Source: Ngxgroup.comGTI Research 

FOREIGN EXCHANGE

The Investors and Exporters (I&E) FX window opened at N411.46, traded high at N430.00, traded low at N400.00, and eventually closed at N411.75, depreciating by 0.23% against Friday’s closing position.

MONEY MARKET

The overnight (O/N) rate closed at 15.17%, representing a 7.77% depreciation against Friday’s position. while Open Buy-Back (OBB) rate closed at 15.00%, representing 7.33% depreciation against Friday’s position.

Sector Performance

 Security  Change Percent 
 NSE30          -0.22
 NSEBNK          +0.16
 NSECNSMRGDS          -0.18
 NSEINDUSTR               –
 NSEINS         +0.41
 NSELOTUSISLM         -0.28
 NSEOILGAS        +0.13

 

Top 7 Gainers

 Security  Previous Close  Open Price  Close Price  Change Price  % Change 
 CWG          1.13                      1.13                        1.24          0.11          9.73
 BERGER          6.70                      6.70                        7.15          0.45          6.72
 REDSTAREX          3.10                      3.10                        3.23          0.13          4.19
 NEM          1.80                      1.80                        1.87          0.07          3.89
 WAPIC          0.55                      0.55                        0.57          0.02          3.64
 NEIMETH          1.72                      1.72                        1.78          0.06          3.49
 ACCESS          8.20                      8.20                        8.45          0.25          3.05

 

Top 7 Losers

 Security  Previous Close  Open Price  Close Price  Change Price  % Change 
 AIRTELAFRI      837.00                 837.00                    753.30–      83.70–      10.00
 OKOMUOIL      116.50                 116.50                    105.50–      11.00–        9.44
 CORNERST          0.55                      0.55                        0.50–        0.05–        9.09
 LEARNAFRCA          1.00                      1.00                        0.92–        0.08–        8.00
 LIVESTOCK          1.90                      1.90                        1.81–        0.09–        4.74
 VERITASKAP          0.24                      0.23                        0.23–        0.01–        4.17
 AFRIPRUD          6.30                      6.30                        6.05–        0.25–        3.97

 

Top 7 Traders By Volume

 Security  Close Price  Daily Volume  Daily Value 
 ACCESS          8.45   43,138,885.00   359,541,444.40
 STERLNBANK          1.60   33,208,485.00     52,131,077.09
 ZENITHBANK        23.35   25,903,188.00   602,184,250.55
 UACN          9.50   22,925,319.00   216,791,783.15
 UHOMREIT        36.60   19,013,000.00   695,875,800.00
 UBA          7.10   15,463,474.00   110,621,796.00
 MANSARD          0.90   12,597,897.00     11,315,012.84

 

Top 7 Traders By Value

 Security  Close Price  Daily Volume  Daily Value 
 UHOMREIT        36.60   19,013,000.00   695,875,800.00
 ZENITHBANK        23.35   25,903,188.00   602,184,250.55
 MTNN      163.00     2,343,633.00   381,484,870.10
 ACCESS          8.45   43,138,885.00   359,541,444.40
 PRESCO        74.00     3,814,047.00   268,227,965.10
 UACN          9.50   22,925,319.00   216,791,783.15
 DANGSUGAR        17.70   11,508,336.00   203,597,614.95