Investors’ Wealth Sheds 0.01% To Extend Profit-Taking

Transactions on Lagos Custom Street closed for today (Wednesday) in the negative region to extend the previous day’s negative sentiment, as NGX-ASI dipped marginally by 0.01%. The marginal decline was sustained, as a result of losses in four major market, save for the Oil and Gas sector that gained 5.26%. Consequently, the market breadth closed negatively, recording 22 losers as against 19 gainers.

In summary, the All-Share Index (ASI) dropped by 2.39 absolute points, representing a decline of 0.01% to close at 39,303.09 points. While the overall Market Capitalization value lost N2.06 billion, representing a decrease of 0.01% to close at N20.57 trillion.

CHIPLC emerged as the top gainer (by percentage points) for today, with a maximum price appreciation of 10.00%, while FTNCOCOA emerged as the top loser (by percentage points) with a maximum price depreciation of -10.00%.

Today’s market loss was driven by price depreciation in large and medium capitalized stocks amongst which are; FTNCOCOA(-10.00%), NEIMETH(-8.95%), INTBREW(-8.77%), PZ(-7.41%), GINNNESS(-5.75%), AIICO(-4.69%), UACN(-3.65%), CUSTODIAN(-3.33%), ARDOVA(-3.24%), WEMABANK(-3.23%), NEM(-2.43%), LASACO(-2.22%), WAPIC(-1.89%), NAHCO(-1.82%), ACCESS(-1.34%), UNILEVER(-0.77%), GUARANTY(-0.48%), WAPCO(-0.44%), and FCMB(-0.34%).

MARKET STATISTICS

CAP	N 20,568,326,351,784.30	One Day (ASI CHG)	-0.01%
Index	39,303.09	One Week (ASI CHG)	+0.45%
Volume	259,512,043	One Month (ASI CHG)	+0.22%
Value	N1,910,403,086.24	Six Months (ASI CHG)	+33.51%
Deals	3,456	52 Weeks (ASI CHG)	+72.93%
Gainers	19	Losers	22
Unchanged	62	Total	103
	YTD Returns	-2.40%

Source: Ngxgroup.com, GTI Research 

FOREIGN EXCHANGE

The Naira at the official rate remains unchanged to close at N379.00/$1 as against today’s position.

The Investors and Exporters (I&E) FX window opened at N410.19 traded high at N436.55, and low at N401.10 and eventually closed at N411.25, representing a 0.10% depreciation against Tuesday’s position. Also, a total of $48.42 million was transacted through the I&E window today.

MONEY MARKET

Overnight (O/N) rate closed at 15.25%, representing a 0.50% appreciation against Tuesday’s position, while Open Buy-Back (OBB) rate closed at 15.00%,  representing a 0.75% appreciation as against Tuesday’s position.

Sector Performance

Security	% Change
NSE30	0.62
NSEBNK	-0.69
NSECNSMRGDS	-0.64
NSEINDUSTR	-0.48
NSEINS	-3.23
NSELOTUSISLM	-0.87
NSEOILGAS	5.26

Top 7 Gainers

Security	Previous Close	Open Price	Close Price	Change Price	% Change
CHIPLC	0.3	0.3	0.33	0.03	10.00
PORTPAINT	2.4	2.4	2.6	0.20	8.33
ROYALEX	0.42	0.42	0.45	0.03	7.14
ABCTRANS	0.29	0.29	0.31	0.02	6.90
JAPAULGOLD	0.58	0.58	0.61	0.03	5.17
UAC-PROP	0.77	0.77	0.8	0.03	3.90
NB	52	52	54	2.00	3.85

Top 7 Losers

Security	Previous Close	Open Price	Close Price	Change Price	% Change
FTNCOCOA	0.4	0.4	0.36	-0.04	-10.00
NEIMETH	1.9	1.9	1.73	-0.17	-8.95
INTBREW	5.7	5.7	5.2	-0.50	-8.77
PZ	5.4	5.4	5	-0.40	-7.41
CORNERST	0.57	0.57	0.53	-0.04	-7.02
GUINNESS	28.7	28.7	27.05	-1.65	-5.75
AIICO	1.28	1.28	1.22	-0.06	-4.69

Top 7 Traders By Volume

Security	Daily Volume	Daily Value	Close Price
FBNH	69,478,098	514,303,535.25	7.4
TRANSCORP	36,723,531	32,972,126.94	0.90
ZENITHBANK	16,580,249	366,424,776.75	22.10
SOVRENINS	12,579,800	2,878,836.00	0.23
UCAP	8,886,235	50,221,731.08	5.74
NEM	8,529,256	17,148,444.05	2.01
ACCESS	8,420,444	62,471,935.05	7.35

Top 7 Traders By Value

Security	Daily Volume	Daily Value	Close Price
FBNH	69,478,098	514,303,535.25	7.40
ZENITHBANK	16,580,249	366,424,776.75	22.10
NESTLE	119,069	170,093,550.90	1420.00
SEPLAT	224,720	128,109,017.00	570.00
NB	1,924,892	103,433,597.60	54.00
DANGCEM	358,178	76,453,647.80	204.00
GUARANTY	2,206,717	68,499,350.15	31.00