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.
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
| CAP | N20,069,351,938,036.25 | One Day (ASI CHG) | -1.66% |
| Index | 38,507.29 | One Week (ASI CHG) | -0.96% |
| Volume | 297,346,399.00 | One Month (ASI CHG) | -2.47% |
| Value | N3,649,933,851.61 | Six Months (ASI CHG) | +9.32% |
| Deals | 4,402.00 | 52 Weeks (ASI CHG) | +54.31% |
| Gainers | 26 | Losers | 19 |
| Unchanged | 60 | Total | 105 |
| YTD Returns | -4.38% |
Source: Ngxgroup.com, GTI 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 |