Stock Market Persist in Decline, Records Loss at -0.90%

Enterprise Network -Nineteen Stocks Drowns in Negativity, Records a Downtrend at -0.22% Nigerian Stock Exchange

Stock Market Persist in Decline, Records Loss at -0.90%

The market, which gained N36 billion last week, compared to the N325 billion loss of the previous week, saw a decline in market participation as volume and value of trade dropped by 31.42 per cent and 39.46 per cent, respectively. Also, the All Share Index advanced by 0.31 per cent to settle at 32,049.73 basis points.

However, the market persists in decline as it close negative at -0.90 per cent. Noting FBNH, ZENITHBANK, UBA, ACCESS and GUARANTY as the most active and major contributor to the day’s trading.

Fourteen (14) advancers led by CADBURY at 10 per cent to close at N12.10 per share, MBENEFIT followed at 8.70 per cent to close at 0.25 kobo per share, NASCON at 8.50 per cent to close at N21.70 per share, UNIONDAC at 3.45 per cent to close at 0.30 kobo per share and NPFMCRFBK at 3.23 per cent to close at N1.60 per share.

CORNERST led other decliners at -8.70 per cent to close at 0.21 kobo per share, STERLNBANK at -8.51 per cent to close at N2.15 per share, ABBEYBDS declined at -8.16 per cent to close at 0.90 per share, JAPAULOIL at -4.76 per cent to close at 0.20 kobo per share and WAPIC at -4.76 per cent to close at 0.40 kobo per share.

SNAPSHOT

ASI 31,636.66
DEALS 2,752.00
VOLUME 128,374,226.00
VALUE N2,386,097,305.43
EQUITY CAP N11,797,801,153,626.34
BOND CAP N10,375,574,493,870.70
ETF CAP N6,096,874,537.64

TOP 5 ADVANCERS

S/N SYMBOL 8/3/2019 11/3/2019 GAIN(N) %
CLOSING PRICE (N) CLOSING PRICE (N) CHANGE
1 CADBURY 11 12.1 1.1 10
2 MBENEFIT 0.23 0.25 0.02 8.7
3 NASCON 20 21.7 1.7 8.5
4 UNIONDAC 0.29 0.3 0.01 3.45
5 NPFMCRFBK 1.55 1.60 0.05 3.23

 

TOP 5 DECLINERS

S/N SYMBOL 8/3/2019 11/3/2019 LOSS (N) %
CLOSING PRICE (N) CLOSING PRICE (N) CHANGE
1 CORNERST 0 0.21 -0.02 -8.7
2 STERLNBANK 2.35 2.15 -0.2 -8.51
3 ABBEYBDS 0.98 0.9 -0.08 -8.16
4 JAPAULOIL 0.21 0.20 -0.01 -4.76
5 WAPIC 0.42 0.4 -0.02 -4.76

TOP 5 TRADES

S/N SYMBOL VOLUME VALUE
1 FBNH 34,058,848 N279,192,103.05
2 ZENITHBANK 21,300,036 N484,399,420.35
3 UBA 17,529,263 N134,249,299.15
4 ACCESS 11,462,570 N69,220,295.25
5 GUARANTY 5,663,756 N211,840,919.30

 

EXCHANGE RATE ON PARALLEL MARKET
NGN USD GBP EUR YEN AED RAND
Buy/Sell Buy/Sell Buy/Sell Buy/Sell Buy/Sell Buy/Sell
11/3/2019 357 / 360 467 / 472 403 / 407 47 / 54 100 / 110 22 / 30

 

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