Banking Stocks Lead Equity Market to Close Positive
Activities in the Nigeria equity market today witnessed positive sentiment, as market performance index (NSE-ASI) rose by 0.12% to halt previous two days losing trend. The bull win was impacted by a 0.62% gain in the banking sector. Consequently, market breadth closed positive, recording 24 gainers against 18 losers.
NSE Trading Floor
The All Share Index (ASI) gained 34.85 absolute points, representing an increase of 0.12% to close at 29,193.42 points. Similarly, Market Capitalization increased by N13.09 billion representing a growth of 0.12% to close at N10.97 trillion.
LIVESTOCK emerged the top gainer while CUTIX emerged as the top losers.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; HONYFLOUR (+4.55%), TRANSCORP (+3.57%), ACCESS (+2.63%), UBA (+2.44%), ETERNA (+2.35%), ZENITHBANK (+2.23%), FCMB (+2.17%), FBNH (+2.08%), WEMABANK (+1.45%), DANGSUGAR (+0.74%), and DANGCEM (+0.54%).
|CAP||N10,965,271,282,700.82||One Day (ASI CHG)||+0.12|
|Index||29,193.42||One Week (ASI CHG)||-3.42|
|Volume||481,626,004||One Month (ASI CHG)||-8.55|
|Value||N2,877,778,743.49||Six Months (ASI CHG)||-9.85|
|Deals||3,559||52 Weeks (ASI CHG)||-27.92|
The Naira at the inter-bank rate remained unchanged to close at N307.00 against yesterday’s closing position.
The Investors and Exporters (I&E) FX window opened at N360.25, traded high at N362.50 and eventually closed at N360.33, representing 0.06% appreciation against yesterday’s closing position. A total of $132.88 million was transacted through the I&E window today.
Overnight(O/N) rate closed at 16.29%, representing an 0.07% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate also closed at 15.14%, representing an 0.29% depreciation against yesterday’s closing position.
|Note: BPS=> Basis Points|
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