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 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.
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
| CAP | N20,089,160,554,147.89 | One Day (ASI CHG) | -0.27% |
| Index | 38,545.30 | One Week (ASI CHG) | -1.56% |
| Volume | 209,212,596.00 | One Month (ASI CHG) | +0.58% |
| Value | N1,763,266,553.62 | Six Months (ASI CHG) | +2.94% |
| Deals | 3,390.00 | 52 Weeks (ASI CHG) | +55.26% |
| Gainers | 18 | Losers | 17 |
| Unchanged | 68 | Total | 103 |
| YTD Returns | -4.28% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| NSE30 | 0.08 |
| NSEBNK | 0.11 |
| NSECNSMRGDS | 0.06 |
| NSEINDUSTR | 0.03 |
| NSEINS | -1.13 |
| NSELOTUSISLM | 0.00 |
| NSEOILGAS | -0.07 |
Top 7 Gainers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| MEYER | 0.57 | 0.57 | 0.62 | 0.05 | 8.77 |
| CHAMPION | 1.98 | 1.98 | 2.1 | 0.12 | 6.06 |
| JBERGER | 19.1 | 19.1 | 20 | 0.9 | 4.71 |
| REGALINS | 0.5 | 0.5 | 0.52 | 0.02 | 4.00 |
| IKEJAHOTEL | 0.94 | 0.94 | 0.97 | 0.03 | 3.19 |
| HONYFLOUR | 1.4 | 1.45 | 1.44 | 0.04 | 2.86 |
| VITAFOAM | 12.1 | 12.1 | 12.4 | 0.3 | 2.48 |
Top 7 Losers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| FIDSON | 5.1 | 5.1 | 4.6 | -0.5 | – 9.80 |
| LASACO | 1.5 | 1.5 | 1.36 | -0.14 | – 9.33 |
| FTNCOCOA | 0.33 | 0.33 | 0.3 | -0.03 | – 9.09 |
| MBENEFIT | 0.45 | 0.45 | 0.41 | -0.04 | – 8.89 |
| CORNERST | 0.58 | 0.58 | 0.55 | -0.03 | – 5.17 |
| ROYALEX | 0.72 | 0.72 | 0.69 | -0.03 | – 4.17 |
| SOVRENINS | 0.26 | 0.26 | 0.25 | -0.01 | – 3.85 |
Top 7 Traders By Volume
| Security | Close Price | Daily Volume | Daily Value |
| ACCESS | 8.55 | 22,719,611 | 193,988,537.35 |
| MANSARD | 0.9 | 16,700,986 | 15,046,288.96 |
| ZENITHBANK | 23.9 | 16,144,873 | 384,583,513.35 |
| MBENEFIT | 0.41 | 14,685,025 | 6,036,206.91 |
| CHAMS | 0.2 | 13,478,252 | 2,703,150.40 |
| STERLNBANK | 1.61 | 9,898,910 | 15,558,820.06 |
| SOVRENINS | 0.25 | 9,507,150 | 2,570,002.00 |
Top 7 Traders By Value
| Security | Close Price | Daily Volume | Daily Value |
| ZENITHBANK | 23.9 | 16,144,873 | 384,583,513.35 |
| ACCESS | 8.55 | 22,719,611 | 193,988,537.35 |
| SEPLAT | 700 | 230,347 | 158,943,287.60 |
| DANGSUGAR | 17.7 | 8,368,160 | 147,684,715.60 |
| STANBIC | 39.9 | 3,596,462 | 143,438,281.75 |
| NB | 59 | 2,001,001 | 118,183,551.15 |
| FLOURMILL | 29.9 | 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
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.
