Investors at NSE lost N158.0 bn as ASI down 1.2%

Investor at the Nigerian Stock Exchange lost N158 billion after the day’s trading. The bears continued to dominate in today’s trading session as the All Share Index fell 1.2 per cent to 38,152.60 points. Thus, the market’s YTD return slipped back into the negative territory (-0.2%) after staying positive for two weeks. Profit taking in bellwethers – DANGCEM (-3.6%), SEPLAT (-4.5%) and GUARANTY (-1.5%) were the major drags to today’s performance and as a result, investors lost N158.0 billion in value as market capitalisation fell to N13.8 trillion. However, activity level increased as volume and value traded advanced 1.4% and 7.2% to 271.4m units and N4.1 billion respectively. The top traded stocks by volume were FBNH (37.3m), FIDELITY (29.5m) and GUARANTY (28.4m) while GUARANTY (N1.2bn), DANGCEM (N492.8m) and NIGERIAN BREWERIES (N466.5m) were the top traded stocks by value.

Result of the trading activities show that Seplat Petroleum, for the second day running topped the losers’ table dropping by N32.20 to close at N685 per share, amid profit taking. Mr Ambrose Omordion, the Chief Operating Officer, InvestData Ltd, attributed the development to profit taking. Omordion said that the stock was undervalued considering its fundamentals and rise in the price of crude oil. Further analysis of Thursday trading shows that Dangote Cement trailed with N8.70 to close at N230.30 per share. Cement Company of Northern Nigeria went down by N1.20 to close at N24, while PZ industries dropped by 80k to close at N19.95 per share. 

The Oil & Gas index fell for the fourth consecutive trading day as profit taking in SEPLAT (-4.5%) and ETERNA (-1.4%) dragged the index 2.4% lower. In the same vein, the Banking and Industrial Goods indices shed 0.5% apiece as investors sold off on GUARANTY (-1.5%) which has been on a losing streak for 3 consecutive sessions, ZENITH (-1.2%) and DANGCEM (-3.6%). On the contrary, the Insurance and Consumer Goods indices closed in the green, up 1.5% and 0.5% respectively as a result of buying interest in CUSTODIAN (+5.0%), MANSARD (+4.9%), NEM (+4.7%), NIGERIAN BREWERIES (+2.8%) and GUINNESS (+0.5%).

Guaranty Trust Bank declined by 60k to close at N40.05 per share. Consequently, the NSE market indicators declined further by 1.17 per cent with the All-Share Index losing 452.47 points to close at 38,152.60 against 38,605.07 on Wednesday. Also, the market capitalisation which opened at N13. 984 trillion shed N164 billion or 1.17 per cent to close at N13.820 trillion. On the other hand, Nigerian Breweries led the gainers’ table during the day, appreciating by N3 to close at N112 per share.

Presco followed with a gain of N1.50 to close at N73.50, while Lafarge Africa garnered N1 to close at N40 per share. Guinness Nigeria added 50k to close at N97.50, while Custodian and Allied Insurance advanced by 25k to close at N5.20 per share. FBN Holdings topped the activity chart with a turnover of 37.29 million shares worth N394.88 million. Fidelity Bank followed with an account of 29.52 million shares valued at N66.44 million, while Guaranty Trust Bank sold 28.43 million shares worth N1.15 billion. Sterling Bank traded 18.07 million shares valued at N24.59 million, while Prestige Insurance exchanged 16.99 million shares worth N11.21 million. In all, investors bought and sold 271.40 million shares valued at N4.10 billion achieved in 3,766 deals against 267.76 million shares worth N3.83 billion transacted in 4,786 deals on Wednesday.

Market Statistics Thursday, 21st June 2018

Market Cap (N’bn)                                    13,826.7

Market Cap (US$’bn)                                      45.2

NSE All-Share Index                                38,152.60

Daily Performance %                                       (1.2)

Week Performance %                                      (2.0)

YTD Performance %                                       (0.2)

Daily Volume (Million)                                   271.4

Daily Value (N’bn)                                             4.1

Daily Value (US$’m)                                       13.4