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Investors’ Wealth Sheds 0.01% To Extend Profit-Taking

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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.

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Afolabi Sotunde Illustration Naira

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.comGTI 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 N411.25representing a 0.10% depreciation against Tuesday’s position. Also, a total of $48.42 million was transacted through the I&E window today.

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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
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