Bears continue to rule as Equity index sheds 0.48%
The Equity Market closed lower on Wednesday, shedding 0.48% to extends losing streak to four consecutive trading days. Market breadth closed negative, recording 12 gainers and 23 losers.
NSE Trading Floor
In summary, the All Share Index (ASI) was down by 150.24 absolute points, representing a decrease of 0.48%, closing at 31,023.47 points. Similarly, Market Capitalization decreased by N54.83 billion representing a dip of 0.48%, closing at N11.33 trillion.
CONTINSURE emerged the top gainer while DIAMONDBNK emerged the top loser.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; OANDO (-9.06%), FBNH (-4.00%), UBA (-2.00%), DANGCEM (-1.55%), ZENITHBANK (-1.48%), ACCESS (-1.41%), HONYFLOUR (-0.90%), and DANGFLOUR (-0.80%), NB (-0.50%).
|CAP||N11,325,981,212,086.55||One Day (ASI CHG)||-0.48|
|Index||31,023.47||One Week (ASI CHG)||-2.96|
|Volume||220,396,007||One Month (ASI CHG)||-5.72|
|Value||N2,726,745,882.46||Six Months (ASI CHG)||-21.11|
|Deals||3,252||52 Weeks (ASI CHG)||-17.28|
The Naira at the inter-bank rate remain unchanged to closed at N306.80 against Tuesday’s closing price.
The Investors and Exporters (I&E) FX window opened at N363.87, traded high at N365.50 and eventually closed at N364.15, representing a 0.02% appreciation against Tuesday’s closing price. A total of $134.90 million was transacted through the I&E window today.
Overnight (O/N) rate closed at 18.00%, representing a 0.79% appreciation against Tuesday’s closing position, while Open Buy-Back (OBB) rate also closed at 17.17% representing a 0.88% appreciation against Tuesday’s closing position.
|Note: BPS=> Basis Point|
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