Decline in 21 Stocks Reverses Previous Day’s Gain.
The equity market today reversed yesterday’s positive sentiment to record 0.69% loss as the market awaited the presidential election result. The decline was impacted by losses in the consumer goods and banking sectors. Market breadth closed negative, recording 20 gainers and 21 losers.
NSE Trading Floor
The All Share Index (ASI) declined 226.30 absolute points, representing a dip of 0.69%, to close at 32,473.82 points. Similarly, Market Capitalization decreased by N84.39 billion representing a decline of 0.69%, to close at N12.11 trillion.
AFRIPRUD emerged the top gainer while NPFMRFBK emerged as the top loser.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; WEMABANK (-6.59%), NESTLE (-4.43%), FBNH (-3.61%), TRANSCORP (-3.38%), FCMB (-3.00%), UBA (-2.44%), ACCESS (-1.57%), ZENITHBANK (-0.77%), HONYFLOUR (-0.71%), DANGSUGAR (-0.65%), and GUARANTY (-0.13%),
|CAP||N12,109,988,341,057.93||One Day (ASI CHG)||-0.69|
|Index||32,473.82||One Week (ASI CHG)||+0.21|
|Volume||322,180,542||One Month (ASI CHG)||+3.33|
|Value||N2,434,181,527.20||Six Months (ASI CHG)||-8.83|
|Deals||4,066||52 Weeks (ASI CHG)||-23.78|
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 N361.67, traded high at N362.50 and eventually closed at N361.50, to represent a 0.01% appreciation against yesterday’s closing price. A total of $73.88 million was transacted through the I&E window today.
Overnight(O/N) rate closed at 14.71%, representing a 4.07% depreciation against Monday’s closing position, while Open Buy-Back (OBB) rate also closed at 13.79%, representing a 3.88% depreciation against Monday’s closing position.
|Note: BPS=> Basis Points|
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