The Nigerian Local Market closed the trading activities for today (Wednesday) same as the previous day, thereby stretching the negative sentiment to three consecutive days. The decline in the Index was buoyed by investors’ sell-off sentiment, particularly in the Financial and the Oil & Gas sectors, as market capitalization recedes to 19 trillion.
Hence, the year-to-date (YTD) slipped to -6.12%. Resultantly, the market indicators (NGX-ASI and capitalization) declined by 0.11%. Furthermore, the market breadth closed negatively, recording 23 losers as against 11 gainers.
In summary, the All-Share Index (ASI) dipped by 42.61 absolute points, representing a decline of 0.11% to close at 37,804.46 points. Similarly, the overall Market Capitalization value lost N22.21 billion, representing a decrease of 0.11% to close at N19.70 trillion.
FTNCOCOA emerged as the top gainer (by percentage points) for today, with a maximum price appreciation of +10.00 while ROYALEX 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; JAPAULGOLD (-9.80%), UPL (-9.52%), REGALINS (-5.77%), MANSARD(-3.33%) ACCESS (-2.34%), ETI (-1.94%), FCMB (-1.90%), AIICO (-1.82%), OANDO (-1.36%), ZENITHBANK (-1.26%), STERLNBANK (-1.24%), TRANSCORP (-1.11%), FBNH (-0.70%), and UACN (-0.05%).
MARKET STATISTICS
| CAP | N19,703,041,158,420.64 | One Day (ASI CHG) | -0.11% |
| Index | 37,804.46 | One Week (ASI CHG) | -1.97% |
| Volume | 208,356,245 | One Month (ASI CHG) | -1.36% |
| Value | N1,602,520,410.91 | Six Months (ASI CHG) | -2.58% |
| Deals | 3,365 | 52 Weeks (ASI CHG) | +52.74% |
| Gainers | 11 | Losers | 23 |
| Unchanged | 65 | Total | 99 |
| YTD Returns | -6.12% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| NSE30 | -0.14 |
| NSEBNK | -0.75 |
| NSECNSMRGDS | 0.16 |
| NSEINDUSTR | 0.00 |
| NSEINS | -0.51 |
| NSELOTUSISLM | 0.02 |
| NSEOILGAS | -0.10 |
Top 7 Gainers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| FTNCOCOA | 0.30 | 0.30 | 0.33 | 0.03 | 10.00 |
| IKEJAHOTEL | 0.91 | 0.91 | 1.00 | 0.09 | 9.89 |
| CORNERST | 0.51 | 0.51 | 0.56 | 0.05 | 9.80 |
| LINKASSURE | 0.55 | 0.55 | 0.60 | 0.05 | 9.09 |
| MBENEFIT | 0.38 | 0.38 | 0.40 | 0.02 | 5.26 |
| VITAFOAM | 13.60 | 13.60 | 14.25 | 0.65 | 4.78 |
| VERITASKAP | 0.24 | 0.24 | 0.25 | 0.01 | 4.17 |
Top 7 Losers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| ROYALEX | 0.70 | 0.70 | 0.63 | -0.07 | -10.00 |
| JAPAULGOLD | 0.51 | 0.51 | 0.46 | -0.05 | -9.80 |
| UPL | 1.68 | 1.68 | 1.52 | -0.16 | -9.52 |
| CHIPLC | 0.64 | 0.64 | 0.58 | -0.06 | -9.38 |
| ETRANZACT | 2.25 | 2.25 | 2.06 | -0.19 | -8.44 |
| REGALINS | 0.52 | 0.52 | 0.49 | -0.03 | -5.77 |
| JAIZBANK | 0.60 | 0.60 | 0.57 | -0.03 | -5.00 |
Top 7 Traders By Volume
| Security | Daily Volume | Daily Value | Close Price |
| ZENITHBANK | 33,681,963.00 | 795,026,910.10 | 23.50 |
| ETRANZACT | 20,950,266.00 | 43,157,547.96 | 2.06 |
| FIDELITYBK | 13,679,744.00 | 31,382,887.41 | 2.30 |
| ROYALEX | 13,116,970.00 | 8,278,285.20 | 0.63 |
| JAPAULGOLD | 13,002,096.00 | 6,126,016.25 | 0.46 |
| TRANSCORP | 12,100,557.00 | 10,542,362.48 | 0.89 |
| FBNH | 9,885,269.00 | 70,622,596.85 | 7.10 |
Top 7 Traders By Value
| Security | Daily Volume | Daily Value | Close Price |
| ZENITHBANK | 33,681,963.00 | 795,026,910.10 | 23.50 |
| FLOURMILL | 3,564,209.00 | 106,160,634.65 | 29.80 |
| ACCESS | 8,845,135.00 | 75,140,312.05 | 8.35 |
| FBNH | 9,885,269.00 | 70,622,596.85 | 7.10 |
| MTNN | 318,338.00 | 52,324,364.70 | 165.00 |
| VITAFOAM | 3,398,468.00 | 48,246,900.40 | 14.25 |
| JBERGER | 2,420,749.00 | 47,910,770.40 | 20.00 |
MONEY MARKET
The overnight (O/N) rate closed at 21.00%, representing 1.75% appreciation against Tuesday’s position. while Open Buy-Back (OBB) rate closed at 20.00%, representing 1.25% appreciation against Tuesday’s position.
FOREIGN EXCHANGE
The Investors and Exporters (I&E) FX window opened at N410.95, traded high at N420.88, traded low at N387.67, and eventually closed at N411.50 depreciating by 0.37% against Tuesday’s closing position. However, the naira remains unchanged at the parallel market.
FOREIGN RESERVE
Nigeria’s foreign reserve declined by $36.34 million to $33.63 billion on (22/06/2021) from $33.67 billion on (21/06/2021), representing a 0.0.11% decline.
CRUDE OIL
The Brent Crude appreciated by $1.69 on Wednesday to $75.77 from $74.08 it closed with on Tuesday, representing a 2.28% increase in price. Similarly, Bonny Light increased by $0.54 on Tuesday to $74.26 from $73.72 on Monday, representing a 0.73% increase in price.