Trading activities on the Nigerian equity market resumed for the week on a negative note, taking the negative sentiments to three consecutive trading sessions. The performance was buoyed by investors’ profit-taking sentiments in all the major sectors except oil& gas stocks.
Hence, the ASI and Market Capitalization plunged by 0.36%. However, the market breadth closed positively, recording 16 gainers as against 13 losers.
In summary, the All-Share Index (ASI) declined by 136.30 absolute points, representing a loss of 0.36% to close at 37,857.89 points. Similarly, the overall Market Capitalization value shed N71.01 billion, representing a decrease of 0.36% to close at N19.72 trillion.
TRIPPLEG emerged as the top gainer (by percentage points) for today, with a maximum price appreciation of +9.89 while CWG emerged as a top loser (by percentage points) with a maximum price depreciation of -9.52%.
Today’s market downturn was driven by price depreciation in large and medium capitalized stocks amongst which are; CWG(-9.52%), INTBREW (-5.66%) CHAMPION (-3.23%), FBNH (-2.60%), ZENITHBANK (-2.20%), ETI (-1.92%), PZ (-1.69%), GLAXOSMITH (-1.60%), WAPCO (-1.15%), BUACEMENT (-0.70%), MTNN (-0.61%), and HONYFLOUR (-0.61%)
MARKET STATISTICS
| CAP | N19,724,511,316,193.33 | One Day (ASI CHG) | -0.36% |
| Index | 37,857.89 | One Week (ASI CHG) | -0.95% |
| Volume | 187,243,716.00 | One Month (ASI CHG) | -3.32% |
| Value | N2,890,268,851.88 | Six Months (ASI CHG) | -6.05% |
| Deals | 4,017.00 | 52 Weeks (ASI CHG) | +55.75% |
| Gainers | 16 | Losers | 13 |
| Unchanged | 77 | Total | 101 |
| YTD Returns | -5.99% |
Source: Ngxgroup.com, GTI Research
Sector Performance
| Security | Change Percent |
| NGX30 | -0.44 |
| NGXBNK | -1.02 |
| NGXCNSMRGDS | -0.37 |
| NGXINDUSTR | -0.35 |
| NGXINS | -0.03 |
| NGXLOTUSISLM | -0.29 |
| NGXOILGAS | 0.05 |
Top 7 Gainers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| TRIPPLEG | 0.91 | 0.91 | 1.00 | 0.09 | 9.89 |
| REGALINS | 0.45 | 0.45 | 0.49 | 0.04 | 8.89 |
| UPDC | 1.21 | 1.21 | 1.30 | 0.09 | 7.44 |
| FTNCOCOA | 0.34 | 0.34 | 0.36 | 0.02 | 5.88 |
| MBENEFIT | 0.40 | 0.40 | 0.42 | 0.02 | 5.00 |
| COURTVILLE | 0.22 | 0.22 | 0.23 | 0.01 | 4.55 |
| NAHCO | 2.34 | 2.34 | 2.40 | 0.06 | 2.56 |
Top 7 Losers
| Security | Previous Close | Open Price | Close Price | Change Price | % Change |
| CWG | 1.26 | 1.26 | 1.14 | – 0.12 | – 9.52 |
| INTBREW | 5.30 | 5.30 | 5.00 | – 0.30 | – 5.66 |
| CHAMPION | 2.17 | 2.17 | 2.10 | – 0.07 | – 3.23 |
| FBNH | 7.70 | 7.70 | 7.50 | – 0.20 | – 2.60 |
| MANSARD | 0.89 | 0.89 | 0.87 | – 0.02 | – 2.25 |
| ZENITHBANK | 24.95 | 24.95 | 24.40 | – 0.55 | – 2.20 |
| ETI | 5.20 | 5.20 | 5.10 | – 0.10 | – 1.92 |
Top 7 Traders By Volume
| Security | Close Price | Daily Volume | Daily Value |
| ZENITHBANK | 24.40 | 35,318,861 | 870,866,230.90 |
| SOVRENINS | 0.30 | 14,154,506 | 3,945,605.69 |
| UBA | 7.50 | 14,109,502 | 106,098,082.45 |
| MBENEFIT | 0.42 | 13,543,995 | 5,565,658.80 |
| TRANSCORP | 0.93 | 11,465,642 | 10,419,719.71 |
| ACCESS | 9.10 | 8,234,432 | 74,915,976.25 |
| UPDC | 1.30 | 6,057,211 | 7,824,618.19 |
Top 7 Traders By Value
| Security | Close Price | Daily Volume | Daily Value |
| ZENITHBANK | 24.40 | 35,318,861 | 870,866,230.90 |
| MTNN | 163.00 | 4,745,030 | 777,735,974.80 |
| AIRTELAFRI | 601.00 | 690,309 | 414,718,129.50 |
| GTCO | 29.55 | 5,583,625 | 165,198,025.40 |
| UBA | 7.50 | 14,109,502 | 106,098,082.45 |
| ACCESS | 9.10 | 8,234,432 | 74,915,976.25 |
| FLOURMILL | 29.85 | 1,804,129 | 53,783,935.35 |
NASD OTC
Trading activities on the NASD OTC closed on a flat note. The NASD Security Index (NSI) and Market Capitalisation gained by 2.25% to close at 761.13 points and N541.02 billion respectively. The total volume of securities traded stood at 2,533,744 valued at N96,883410.50.
SDCSCSPLC, emerged as the top gainer with a percentage of 8.85%, followed by SDNDEP, SDUBNPROP with 6.50% and 1.67%. While SDNGXGROUP declined by -1.75%
FMDQ
The overnight (O/N) rate closed at 15.00%, depreciating by 5.50% against Friday’s position. while Open Buy-Back (OBB) rate closed at 14.50%, appreciating by 5.25% against Friday’s position.
The I&E FX window opened at N411.75, traded high at N420.86, traded low at N400.00, and eventually closed at N411.75, depreciating by 0.12% against Thursday’s closing position. However, at the BDC, the naira remains unchanged at N500.00.
Nigeria’s foreign reserve weakened by $21.03 million to $33.01 billion on (09/07/2021) from $33.12 billion on (08/07/2021).
The Brent crude declined by $1.1 to $73.43 on (07/07/2021) from $74.53 (06/07/2021), representing a 1.48% decrease in price. While Bonny Light remained unchanged at $74.16.
