Gains in ACCESS, WAPCO & UBA failed to lift Equity market as NGX-ASI sheds 0.19%

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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.

Equity market Equities market closed south as bears dominated banking stocks
Photo by Mark Finn on Unsplash

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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

CAPN19,592,515,120,326.94One Day (ASI CHG)-0.19%
Index37,585.25One Week (ASI CHG)-2.49%
Volume163,502,582.00One Month (ASI CHG)-1.76%
ValueN3,436,621,181.73Six Months (ASI CHG)-3.13%
Deals3,562.0052 Weeks (ASI CHG)+51.38%
Gainers13Losers18
Unchanged66Total97
YTD Returns-6.67%

Source: Ngxgroup.com, GTI Research 

Sector Performance

SecurityChange Percent
NGX30-0.03
NGXBNK-0.02
NGXCNSMRGDS0.01
NGXINDUSTR0.07
NGXINS0.22
NGXLOTUSISLM0.01
NGXOILGAS-0.35

Top 7 Gainers

SecurityPrevious CloseOpen PriceClose PriceChange Price% Change
IKEJAHOTEL1.001.001.100.1010.00
FIDSON5.565.566.000.447.91
LINKASSURE0.650.650.700.057.69
CHAMS0.200.200.210.015.00
FCMB3.003.003.100.103.33
VITAFOAM14.2514.2514.650.402.81
UCAP6.066.066.160.101.65

 

Top 7 Losers

SecurityPrevious CloseOpen PriceClose PriceChange Price% Change
BOCGAS10.5510.559.50-1.05-9.95
ROYALEX0.630.630.58-0.05-7.94
UNITYBNK0.580.580.55-0.03-5.17
MBENEFIT0.420.420.40-0.02-4.76
HONYFLOUR1.551.551.48-0.07-4.52
CONOIL20.9020.9020.00-0.90-4.31
VERITASKAP0.260.260.25-0.01-3.85

Top 7 Traders By Value

SecurityClose PriceDaily VolumeDaily Value
MTNN163.00            9,207,699   1,500,941,027.60
NESTLE1400.00               428,790       600,310,807.00
GTCO30.00         11,845,318       355,409,991.95
ZENITHBANK23.65            8,811,667       208,623,326.75
FBNH7.20         18,141,262       130,423,009.20
DANGCEM221.00               450,770         99,214,479.70
UBA7.35         13,006,161         94,239,063.30

Top 7 Traders By Volume

SecurityClose Price Daily Volume  Daily Value 
FBNH7.20         18,141,262       130,423,009.20
UBA7.35         13,006,161         94,239,063.30
GTCO30.00         11,845,318       355,409,991.95
MTNN163.00            9,207,699   1,500,941,027.60
ZENITHBANK23.65            8,811,667       208,623,326.75
WAPIC0.55            7,289,160           3,914,789.23
INTBREW5.40            6,583,267         35,545,788.80
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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.

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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).

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