The Equity Market today shed 1.49% to reverse yesterday’s gains. The downtrend was driven by a decline in six out of seven sectors, especially the oil/gas and industrial sectors.
In summary, the All Share Index (ASI) was down by 519.31 absolute points, representing a decrease of 1.49%, closing at 34,414.37 points. Similarly, the Market Capitalization was down by N189.59 billion, representing a decrease of 1.49%, closing at N12.56 trillion.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; SEPLAT (-7.23%), FLOURMILL (-3.64%), DANGCEM (-3.04%),STANBIC (-2.08%), ZENITHBANK (-2.05%), WAPCO (-1.91%), FBNH (-1.64%),ACCESS (-1.60%) GUARANTY (-1.08%) UBA (-0.62%) and FO (-0.75%).
FOREIGN EXCHANGE
The Naira at the inter-bank rate closed unchanged at N306.20 against yesterday’s closing price.
The Investors and Exporters (I&E) FX window opened at N362.41, traded high at N364.00 and eventually closed at N363.04, representing 0.26% depreciation against yesterday’s closing price. A total of $174.25 million was transacted through the I&E window today.
We expect the FX Market to trade within an existing range in the next session.
MONEY MARKET
Overnight (O/N) rate closed at 4.00%, representing a 0.08% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 3.17% representing a 0.08% appreciation against yesterday’s closing position.
We expect the Money Market to trade within an existing range in the next session.
Sector Performance
| Sector | % Change |
| NSE30 | -1.32 |
| BANKING | -1.20 |
| CONGLOMERATE | -1.22 |
| CONSUMER GOODS | 0.25 |
| INDUSTRIAL | -2.30 |
| INSURANCE | -1.59 |
| LOTUS ISLAMIC | -1.00 |
| OIL/GAS | -3.21 |
Top 7 Gainers Number of Gainers (20)
| Company | Pclose | Open | Close | Change | % Change |
| CILEASING | 2.72 | 2.72 | 2.99 | 0.27 | 9.93 |
| HMARKINS | 0.35 | 0.35 | 0.38 | 0.03 | 8.57 |
| JAIZBANK | 0.49 | 0.49 | 0.53 | 0.04 | 8.16 |
| STERLNBANK | 1.37 | 1.37 | 1.45 | 0.08 | 5.84 |
| FO | 19.00 | 19.00 | 20.00 | 1.00 | 5.26 |
| WEMABANK | 0.60 | 0.60 | 0.63 | 0.03 | 5.00 |
| REGALINS | 0.22 | 0.22 | 0.23 | 0.01 | 4.55 |
Top 7 Losers Number of Losers (26)
| Company | close | Open | Close | Change | % Change |
| MBENEFIT | 0.30 | 0.30 | 0.27 | -0.03 | -10.00 |
| LEARNAFRCA | 1.12 | 1.12 | 1.01 | -0.11 | -9.82 |
| CHAMS | 0.31 | 0.31 | 0.28 | -0.03 | -9.68 |
| LAWUNION | 0.73 | 0.73 | 0.66 | -0.07 | -9.59 |
| AIICO | 0.99 | 0.99 | 0.90 | -0.09 | -9.09 |
| NIGERINS | 0.44 | 0.44 | 0.40 | -0.04 | -9.09 |
| UNIVINSURE | 0.36 | 0.36 | 0.33 | -0.03 | -8.33 |
Top 7 Traders By Volume
| Company | Volume | Value(₦) | Current Price |
| UBA | 22,483,737.00 | 180,351,887.30 | 8.00 |
| STANBIC | 19,243,175.00 | 904,224,168.00 | 47.00 |
| FCMB | 19,129,339.00 | 34,928,525.77 | 1.86 |
| SKYEBANK | 18,503,956.00 | 9,672,531.01 | 0.52 |
| AIICO | 15,234,108.00 | 14,369,762.46 | 0.90 |
| JAIZBANK | 13,332,165.00 | 7,015,847.05 | 0.53 |
| TRANSCORP | 9,917,715.00 | 12,452,432.26 | 1.26 |
Top 7 Traders By Value
| Company | Volume | Value(₦) | Current Price |
| STANBIC | 19,243,175.00 | 904,224,168.00 | 47.00 |
| GUARANTY | 7,284,621.00 | 268,262,720.30 | 36.65 |
| SEPLAT | 431,977.00 | 260,813,672.00 | 603.00 |
| UBA | 22,483,737.00 | 180,351,887.30 | 8.00 |
| NB | 725,981.00 | 67,900,103.10 | 93.50 |
| FBNH | 5,847,203.00 | 52,786,269.20 | 9.00 |
| ZENITHBANK | 2,379,421.00 | 51,200,232.85 | 21.45 |
GTI Capital
