MEYER Starts New Week as Top Gainer, Posts 8.77%

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The Nigeria equity market closed the first trading activities of the week (Monday) on a bearish note, to halt the gaining streak from the previous week. The negative sentiment was due to investors’ sell-off in low and large capitalized stocks. Hence, the year-to-date (YTD) stood at -4.28.

Consequently, the market indicators (NGX-ASI and capitalization) declined by 0.27%. However, the market breadth closed positively recording 18 gainers against 17 losers.

In summary, the All-Share Index (ASI) decreased by 103.61 absolute points, representing a decline of 0.27% to close at 38,545.30 points. Similarly, the overall Market Capitalization value lost N54.00 billion, representing a decrease of 0.27% to close at N20.09 trillion.

MEYER

MEYER emerged as the top gainer (by percentage points) for today, with a maximum price appreciation of +8.77 while FIDSON emerged as a  top loser (by percentage points) with a maximum price depreciation of -9.80%. MEYER PLC is the Manufacturers and Marketer of high quality Paints, including Architectural Paints, Wood Paints, Auto refinishes, Industrial and Marine, Road lining Paints, Roof coatings, Tube coatings, HP coatings and Adhesives.

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Today’s market downturn was driven by price depreciation in large and medium capitalized stocks amongst which are; FIDSON(9.80%), LASACO(-9.33%), FTNCOCOA(-9.09%), MBENEFIT(-8.89%) ROYALEX(-4.17%), WAPIC(-3.51%), CHIPLC(-2.99%), JAPAULGOLD(-2.00%), OANDO(-1.68%), AFRIPRUD(-1.56%), FCMB(-1.25%), TRANSCORP(-1.09%), ETI(-0.96%) and DANGSUGAR(-0.28%).

MARKET STATISTICS

CAPN20,089,160,554,147.89One Day (ASI CHG)-0.27%
Index38,545.30One Week (ASI CHG)-1.56%
Volume209,212,596.00One Month (ASI CHG)+0.58%
ValueN1,763,266,553.62Six Months (ASI CHG)+2.94%
Deals3,390.0052 Weeks (ASI CHG)+55.26%
Gainers18Losers17
Unchanged68Total103
YTD Returns-4.28%

Source: Ngxgroup.com, GTI Research 

Sector Performance

SecurityChange Percent
NSE300.08
NSEBNK0.11
NSECNSMRGDS0.06
NSEINDUSTR0.03
NSEINS-1.13
NSELOTUSISLM0.00
NSEOILGAS-0.07

 

Top 7 Gainers

SecurityPrevious CloseOpen PriceClose PriceChange Price% Change
MEYER0.570.570.620.05        8.77
CHAMPION1.981.982.10.12        6.06
JBERGER19.119.1200.9        4.71
REGALINS0.50.50.520.02        4.00
IKEJAHOTEL0.940.940.970.03        3.19
HONYFLOUR1.41.451.440.04        2.86
VITAFOAM12.112.112.40.3        2.48

 

Top 7 Losers

SecurityPrevious CloseOpen PriceClose PriceChange Price% Change
FIDSON5.15.14.6-0.5–       9.80
LASACO1.51.51.36-0.14–       9.33
FTNCOCOA0.330.330.3-0.03–       9.09
MBENEFIT0.450.450.41-0.04–       8.89
CORNERST0.580.580.55-0.03–       5.17
ROYALEX0.720.720.69-0.03–       4.17
SOVRENINS0.260.260.25-0.01–       3.85
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Top 7 Traders By Volume

SecurityClose Price Daily Volume  Daily Value 
ACCESS8.55  22,719,611  193,988,537.35
MANSARD0.9  16,700,986    15,046,288.96
ZENITHBANK23.9  16,144,873  384,583,513.35
MBENEFIT0.41  14,685,025      6,036,206.91
CHAMS0.2  13,478,252      2,703,150.40
STERLNBANK1.61    9,898,910    15,558,820.06
SOVRENINS0.25    9,507,150      2,570,002.00

 

Top 7 Traders By Value

SecurityClose Price Daily Volume  Daily Value 
ZENITHBANK23.9  16,144,873  384,583,513.35
ACCESS8.55  22,719,611  193,988,537.35
SEPLAT700       230,347  158,943,287.60
DANGSUGAR17.7    8,368,160  147,684,715.60
STANBIC39.9    3,596,462  143,438,281.75
NB59    2,001,001  118,183,551.15
FLOURMILL29.9    3,339,830    99,791,375.00

MONEY MARKET

The overnight (O/N) rate closed at 19.00%, representing a 0.25% decline against Friday’s position. while Open Buy-Back (OBB) rate closed at 18.50%, representing 0.25% depreciation against Friday’s position.

FOREIGN EXCHANGE

The Investors and Exporters (I&E) FX window opened at N411.58, traded high at N413.67, traded low at N396.45, and eventually closed at N411.67 depreciating by 0.16% against Friday’s closing position. However, the naira weakened at the parallel market by N5.00 to N490.00 on Monday from N485.00 on Friday.

FOREIGN RESERVE

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Nigeria’s foreign reserve declined by $31.55 million to $33.76 billion on (18/06/2021) from $33.79 billion on (17/06/2021), representing a 0.09% decline.

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