Trading activities on the Nigerian bourse began the week (Monday) on a negative note. Taking the trading losses to two consecutive trading sessions.
The bearish performance was due to investors’ sell-offs on large and medium stocks like ZENITH BANK, FBNH and 16 others. Hence, the year-to-date (YTD) stood at -6.67%. As a result, the market indicators (NGX-ASI) shed by 0.19%.
Furthermore, the market breadth closed negatively, recording 18 losers as against 13 gainers.
In summary, the All-Share Index (ASI) decreased by 73.01 absolute points, representing a dip of 0.19% to close at 37,585.25 points. Similarly, the overall Market Capitalization value lost N34.32 billion, representing a decline of 0.17% to close at N19.59 trillion. The discrepancy in the ASI and Market Cap was due to the listing of additional 8,888,888,889 ordinary shares of MBENEFIT.
IKEJA HOTEL emerged as the top gainer (by percentage points) for today, with a maximum price appreciation of +10.00 while BOCGAS emerged as a top loser (by percentage points) with a maximum price depreciation of -9.95%.
Today’s market downturn was driven by price depreciation in large and medium capitalized stocks amongst which are; BOCGAS (-9.95%), ROYALEX (-7.94%) MBENEFIT (-4.76%), HONYFLOUR (-4.52%) CONOIL (-4.31%), WEMABANK (-3.33%), STERLINGBNK (-3.09%), AFRIPRUD (-2.42%), TRANSCORP (2.25%), PRESCO (-1.84%), FBNH (-0.69%), and ZENITHBANK (-0.63%).
MARKET STATISTICS
| CAP | N19,592,515,120,326.94 | One Day (ASI CHG) | -0.19% |
| Index | 37,585.25 | One Week (ASI CHG) | -2.49% |
| Volume | 163,502,582.00 | One Month (ASI CHG) | -1.76% |
| Value | N3,436,621,181.73 | Six Months (ASI CHG) | -3.13% |
| Deals | 3,562.00 | 52 Weeks (ASI CHG) | +51.38% |
| Gainers | 13 | Losers | 18 |
| Unchanged | 66 | Total | 97 |
| YTD Returns | -6.67% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| NGX30 | -0.03 |
| NGXBNK | -0.02 |
| NGXCNSMRGDS | 0.01 |
| NGXINDUSTR | 0.07 |
| NGXINS | 0.22 |
| NGXLOTUSISLM | 0.01 |
| NGXOILGAS | -0.35 |
Top 7 Gainers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| IKEJAHOTEL | 1.00 | 1.00 | 1.10 | 0.10 | 10.00 |
| FIDSON | 5.56 | 5.56 | 6.00 | 0.44 | 7.91 |
| LINKASSURE | 0.65 | 0.65 | 0.70 | 0.05 | 7.69 |
| CHAMS | 0.20 | 0.20 | 0.21 | 0.01 | 5.00 |
| FCMB | 3.00 | 3.00 | 3.10 | 0.10 | 3.33 |
| VITAFOAM | 14.25 | 14.25 | 14.65 | 0.40 | 2.81 |
| UCAP | 6.06 | 6.06 | 6.16 | 0.10 | 1.65 |
Top 7 Losers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| BOCGAS | 10.55 | 10.55 | 9.50 | -1.05 | -9.95 |
| ROYALEX | 0.63 | 0.63 | 0.58 | -0.05 | -7.94 |
| UNITYBNK | 0.58 | 0.58 | 0.55 | -0.03 | -5.17 |
| MBENEFIT | 0.42 | 0.42 | 0.40 | -0.02 | -4.76 |
| HONYFLOUR | 1.55 | 1.55 | 1.48 | -0.07 | -4.52 |
| CONOIL | 20.90 | 20.90 | 20.00 | -0.90 | -4.31 |
| VERITASKAP | 0.26 | 0.26 | 0.25 | -0.01 | -3.85 |
Top 7 Traders By Value
| Security | Close Price | Daily Volume | Daily Value |
| MTNN | 163.00 | 9,207,699 | 1,500,941,027.60 |
| NESTLE | 1400.00 | 428,790 | 600,310,807.00 |
| GTCO | 30.00 | 11,845,318 | 355,409,991.95 |
| ZENITHBANK | 23.65 | 8,811,667 | 208,623,326.75 |
| FBNH | 7.20 | 18,141,262 | 130,423,009.20 |
| DANGCEM | 221.00 | 450,770 | 99,214,479.70 |
| UBA | 7.35 | 13,006,161 | 94,239,063.30 |
Top 7 Traders By Volume
| Security | Close Price | Daily Volume | Daily Value |
| FBNH | 7.20 | 18,141,262 | 130,423,009.20 |
| UBA | 7.35 | 13,006,161 | 94,239,063.30 |
| GTCO | 30.00 | 11,845,318 | 355,409,991.95 |
| MTNN | 163.00 | 9,207,699 | 1,500,941,027.60 |
| ZENITHBANK | 23.65 | 8,811,667 | 208,623,326.75 |
| WAPIC | 0.55 | 7,289,160 | 3,914,789.23 |
| INTBREW | 5.40 | 6,583,267 | 35,545,788.80 |
The overnight (O/N) rate closed at 19.25%, representing 3.75% depreciation against Friday’s position. while Open Buy-Back (OBB) rate closed at 18.50%, representing 3.50% depreciation against Friday’s position.
The Investors and Exporters (I&E) FX window opened at N411.08, traded high at N412.56, traded low at N400.00, and eventually closed at N411.28, representing 0.09% appreciation against Friday’s closing position. However, the naira depreciated from N5.00 to N500.00 from N495.00 at the BDC.
Nigeria’s foreign reserve weakened by $27.29 million to $33.52 billion on (25/06/2021) from $33.55 billion on (24/06/2021), representing a 0.08% decline.
The Brent crude increased by $0.31 to $74.81 on (24/06/2021) from $74.50 (23/06/2021), representing a 0.42% increase in price. While Bonny Light declined by $0.34 to $74.74 on (24/06/2021) from $75.08 on (23/06/2021).
