Bear rule Nigeria bourse for a third consecutive session
The Nigeria Equity market today extend its loosing streak to three consecutive trading sessions, shedding 1.63% from yesterday’s position. The significant dip was impacted by the loss in Banking, Consumer goods and Oil/Gas sectors. Market breadth closed negative, recording 9 gainers and 30 losers.
NSE Trading Floor
The All Share Index (ASI) shed 525.54 absolute points, representing a dip of 1.62%, to close at 31,718.70 points. Similarly, Market Capitalization declined by N195.99 billion representing a decreased of 1.63%, to close at N11.83 trillion.
LIVESTOCK emerged the top gainer while OANDO emerged as the top loser.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; OANDO (-9.92%), DANGFLOUR (-8.79%), DIAMONDBANK (-7.76%), GUARANTY (-6.85%), WEMABANK (-5.13%), HONYFLOUR (-5.07%), ACCESS (-5.00%), UBA (-4.49%), NB (-4.45%), STANBIC (-4.23%), ZENITHBANK (-4.02%), TRANSCORP (-2.99%), NESTLE (-2.00%), FBNH (-1.92%), and FLOURMILL (-0.25%).
|CAP||N11,828,393,558,358.43||One Day (ASI CHG)||-1.63|
|Index||31,718.70||One Week (ASI CHG)||-2.61|
|Volume||411,694,543||One Month (ASI CHG)||+1.19|
|Value||N5,266,249,859.75||Six Months (ASI CHG)||-10.69|
|Deals||5,320||52 Weeks (ASI CHG)||-26.80|
The Naira at the inter-bank rate remain unchanged to closed at N306.85 against yesterday’s closing price.
The Investors and Exporters (I&E) FX window opened at N361.50, traded high at N362.50 and eventually closed at N360.99, to represent a 0.05% appreciation against yesterday’s closing price. A total of $1.26 billion was transacted through the I&E window today.
Overnight(O/N) rate closed at 14.25%, representing a 3.67% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate also closed at 13.17%, representing a 3.67% appreciation against yesterday’s closing position.
|Note: BPS=> Basis Points|
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