DANGCEM, ZENITHBANK, UBA and 18 Others drag ASI lower, Post 0.12% Loss.
The Equity Market closed lower on today, shedding 0.12% to extend downtrend to four consecutive trading days. The downtrend was majorly aided by sell-off Dangote Cement, Zenith bank, UBA among others. Market breadth closed positive, recording 21 gainers and 15 losers.
In summary, the All Share Index (ASI) was down by 40.42 absolute points, representing a decrease of 0.12%, closing at 32,383.15 points. Similarly, the Market Capitalization decreased by N14.76 billion, representing a dip of 0.12%, closing at N11.82 trillion.
WAPIC emerged the top gainer while LAWUNION emerged the top loser.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; ZENITHBANK (-3.79%), WEMABANK (-3.45%), FBNH (-2.20%), UBA (-0.61%), and DANGCEM (-0.05%).
|CAP||N11,822,351,171,082.32||One Day (ASI CHG)||-0.12|
|Index||32,383.15||One Week (ASI CHG)||-1.17|
|Volume||166,645,843||One Month (ASI CHG)||-5.90|
|Value||N1,485,183,329.83||Six Months (ASI CHG)||-20.78|
|Deals||2,431||52 Weeks (ASI CHG)||-10.84|
The Naira at the inter-bank rate closed unchanged at N306.40, yesterday’s closing price.
The Investors and Exporters (I&E) FX window opened at N363.65, traded high at N365.00 and eventually closed at N363.82, representing a 0.07% depreciation against yesterday’s closing price. A total of $313.30 million was transacted through the I&E window today.
Overnight (O/N) rate closed at 22.50%, representing a 9.92% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 20.86% representing a 9.19% appreciation against yesterday’s closing position.
|Note: BPS=> Basis Point|
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