Dangote Cement, Dangote Flour, 12 others drag Equity Market lower, Posts 0.32% loss
The Equity Market today closed in the southward direction, shedding 0.32%, to reverse the positive sentiment it closed with in the last two trading sessions. Market breadth closed positive, recording 26 gainers against 14 losers.
In summary, the All Share Index (ASI) shed by 114.81 absolute points, representing an decrease of 0.32%, closing at 35,311.36 points. Similarly, the Market Capitalization was down by N41.92 billion, representing an decrease of 0.32%, closing at N12.89 trillion.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; JAPAULOIL (-7.69%), VERITASKAP (-3.57%), UNILEVER (-2.86%), DANGCEM (-2.13%), FBNH (-1.55%), DANGFLOUR (-0.61%) and MAYBAKER (-0.44%).
Top 7 Gainers
Top 7 Losers
Top 7 Traders By Volume
Top 7 Traders By Value
The Naira at the inter-bank rate closed unchanged at N306.10 against Friday’s closing price.
The Investors and Exporters (I&E) FX window opened at N362.53, traded high at N364.00 and eventually closed at N363.00 representing 0.18% depreciation against Friday’s closing price.
A total of $601.64 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 at13.92%, representing a 6.00% appreciation against Friday’s closing position, while Open Buy-Back (OBB) rate closed at 12.83% representing a 6.08% appreciation against Friday’s closing position.
We expect the Money Market to trade within existing range in the next session.