ASI Nosedived to a New Sixteen Month Low, Post 3.46% Loss.
The Equity Market closed lower today, shedding 3.46% and extend downtrend to six consecutive trading sessions. Market breadth closed negative, recording 10 gainers against 37 losers.
NSE Trading Floor
In summary, the All Share Index (ASI) was down by 1156.38 absolute points, representing an decrease of 3.46%, closing at 32,292.79 points. Similarly, the Market Capitalization was down by N422.17 billion, representing an decrease of 3.46%, closing at N11.79 trillion.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; CCNN (-9.87%), FIDELITY (-9.58%), ACCESS (-8.57%), HONEYFLOUR (-8.55%), FBNH (-7.95%), FLOURMILL (-7.91%), CADBURY (-6.47%), DANGCEM (-5.83%), UBA (-2.76%) and ZENITHBANK (-1.01%).
The Naira at the inter-bank rate closed unchanged at N306.25 against yesterday’s closing price.
The Investors and Exporters (I&E) FX window opened at N362.71, traded high at N365.00 and eventually closed at N363.10, representing 0.01% depreciation against yesterday’s closing price. A total of $220.61 million was transacted through the I&E window today.
We expect the FX Market to trade within existing range in the next session.
Overnight (O/N) rate closed at 8.92%, representing a 1.67% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 8.33% representing a 2.00% appreciation against yesterday’s closing position.
We expect the Money Market to trade within existing range in the next session.
Top 7 Gainers Number of Gainers (10)
Top 7 Losers Number of Losers (37)
Top 7 Traders By Volume
Top 7 Traders By Value