Before it's here, it's on InfoWARE Market Data Terminal; Years of Fundamentals, Analytics and more...
Get IDIA - the stock trading app for the modern investor
Market Summary 28-09-2023
(Source: CardinalStone Research, Date: 28-Sep-2023)

Equities

ASI declines for the sixth consecutive session

The bears retained their grip on the domestic bourse for the sixth consecutive session as the benchmark index fell by 31bps to settle at 66,448.6 points. Today's loss puts the index on track for the third successive weekly decline. Renewed selloffs in DANGSUGAR (-6.00%), UBA (-3.59%), TRANSCOHOT (-3.27%) and OANDO (-9.84%) masked gains in ZENITHBANK (+0.81%) and FIDELITYBK (+2.50%). Expectedly, the session resulted in a negative market breadth of 0.62x, with 16 gainers and 26 losers, led by RTBRISCOE (+9.76%) and VITAFOAM (-9.92%), respectively.

 

Analysis of trade metrics revealed a downtick in volume (-24.78%) and value traded (-24.67%) to 273.8 million units and N3.4 billion apiece. ACCESSCORP led the volume and value charts, trading 45.9 million units (16.76% of total volumes) in deals worth N710.6 million (20.83% of total value).

 

Mixed Sectoral Performance

 

Sectorally, the Banking (-1.01%) and Consumer Goods (-0.68%) indices contracted due to declines in UBA (-3.59%) and DANGSUGAR (-6.00%), respectively. On the flipside, the Insurance (+0.83%) index was supported by gains in CORNERST (+7.88%); the Oil & Gas and Industrial Goods indices closed flat.

 

Bonds

 

Another quiet session in the FGN bonds market

 

It was another quiet day in the FGN bonds secondary market as the average yield rose marginally by 1bp to close at 14.48%. Sale pressures were seen at the mid-segment (+2bps) of the curve, especially on the July 2030 (+3bps) and April 2032 (+8bps) papers, while the short and long ends of the curve closed flat.

Money market

Interbank rates declined as the OPR and O/N shed 2.89ppts and 2.72ppts to close at 7.61% and 8.33%, respectively.

Kindly click here for the summary of activities in the market today

CardinalStone Research 



Lagos Office: 5 Okotie Eboh Street 

                        South-West Ikoyi, Lagos

                        Nigeria

Abuja Office: 4 Misratah Street

                        Wuse II, Abuja, Nigeria

Tel: +234(1) 7100433, 7100434

Email: research@cardinalstone.com 

Website: www.cardinalstone.com  

---------------------------------------------------------------------------------------------------------------------------------

CardinalStone is an investment management firm located in Nigeria and registered with the Securities and Exchange Commission (SEC).

Facebook  Twitter  Instagram  Linkedin  Youtube  
Top News

Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (08-Oct-2024 15:07:18.503)

INFOWARE TERMINAL
08-Oct-2024 15:07:18.000

InfoWARE Analyst Daily Market Report (08-Oct-2024 15:07:14.246)

INFOWARE TERMINAL
08-Oct-2024 15:07:14.000

[MEYER]>>Notice of Meeting -<MEYER PLC>

NGX
08-Oct-2024 13:50:14.000

[CONOIL]>>Corporate Disclosures-<CONOIL PLC>

NGX
08-Oct-2024 13:50:09.000

[GUINEAINS]>>Notice of Meeting -<GUINEA INSURANCE PLC.>

NGX
08-Oct-2024 13:50:09.000

[XNSA]>> RETAIL INVESTORS' WORKSHOP AND CGC FOR THE IOSCO WORLD INVESTOR WEEK 2

NGX
08-Oct-2024 13:15:56.000

[XNSA]>> : LISTING OF FLOUR MILLS OF NIGERIA PLC'S BOND

NGX
08-Oct-2024 12:40:41.000

[PRESCO]>>Notice of Meeting -<PRESCO PLC>

NGX
08-Oct-2024 12:00:08.000

[XNSA]>> CORDROS MILESTONE FUNDS' BID & OFFER PRICES

NGX
08-Oct-2024 11:15:15.000

[MERGROWTH]>> DAILY INDICATIVE PRICES

NGX
08-Oct-2024 11:14:09.000

[XNSA]>> EMERGING AFRICA DAILY MUTUAL FUND PRICES

NGX
08-Oct-2024 11:13:13.000

[XNSA]>> NGX FIXED INCOME INDICATIVE PRICE LIST FOR OCT 08, 2024

NGX
08-Oct-2024 10:22:29.000

[VSPBONDETF]>> DAILY INDICATIVE PRICES

NGX
08-Oct-2024 10:22:29.000

[LOTUSHAL15]>> DAILY INDICATIVE PRICES

NGX
08-Oct-2024 10:22:29.000

[PRESCO]>>Corporate Disclosures-<PRESCO PLC>

NGX
08-Oct-2024 10:15:08.000

[XNSA]>> CIS: 28TH ANNUAL STOCKBROKERS' CONFERENCE

NGX
08-Oct-2024 09:28:10.000

[XNSA]>> CIS EXECUTIVE CAPACITY DEVELOPMENT ON THE NIGERIAN CAPITAL MARKET ON TH

NGX
08-Oct-2024 09:22:56.000

[AIRTELAFRI]>>Corporate Disclosures-<Airtel Africa Plc>

NGX
08-Oct-2024 09:20:07.000

[GEREGU]>>Notice of Meeting -<GEREGU POWER PLC>

NGX
08-Oct-2024 07:50:07.000

[NPFMCRFBK]>>Notice of Meeting -<NPF MICROFINANCE BANK PLC>

NGX
08-Oct-2024 07:50:07.000

[XNSA]>> NOTIFICATION OF PRICE ADJUSTMENT

NGX
08-Oct-2024 07:16:11.000

[NAHCO]>>Notice of Meeting -<NIGERIAN AVIATION HANDLING COMPANY PLC>

NGX
07-Oct-2024 14:10:11.000

[GUINNESS]>>Notice of Meeting -<GUINNESS NIG PLC>

NGX
07-Oct-2024 14:10:11.000

Chart Of The Day - ASI Chart Vs ASI Advance Decline Line (YTD) (07-Oct-2024 15:09:51.662)

INFOWARE TERMINAL
07-Oct-2024 15:09:51.000

InfoWARE Analyst Daily Market Report (07-Oct-2024 15:09:47.053)

INFOWARE TERMINAL
07-Oct-2024 15:09:47.000

[XNSA]>> EMERGING AFRICA DAILY MUTUAL FUND PRICES

NGX
07-Oct-2024 11:36:49.000

Media Highlights 07-10-2024

CARDINALSTONE RESEARCH
07-Oct-2024 12:20:46.000

Daily Business News Brief

GLOBALVIEW CAPITAL LIMITED
07-Oct-2024 12:11:22.000

CSL Nigeria Daily - 07 October 2024

CSL RESEARCH
07-Oct-2024 12:06:38.000

Afrinvest Stock Recommendation | "ACCUMULATE" on FBNH and DANGSUGAR... "HOLD" FIDELITYBK

AFRINVEST RESEARCH
07-Oct-2024 12:04:46.000
Get IDIA - the stock trading app for the modern investor
Company
Contacts
  • 8th Floor,
  • South Atlantic Petroleum Towers,
  • 1 Adeola Odeku Street,
  • Victoria Island,
  • Lagos, Nigeria.

  • Email: solutions@infowarelimited.com
Follow Us
 
facebook twitter skype youtube
Market data may be delayed up to 15 minutes