Equity Market Extends Downtrend to Four Trading Days. Post 1.25% Loss.
The Equity Market started the week in the lower today, shedding 1.25% and extend downtrend to four consecutive trading sessions. Market breadth closed negative, recording 11 gainers against 21 losers.
NSE Trading Floor
In summary, the All Share Index (ASI) was down by 426.22 absolute points, representing an decrease of 1.25%, closing at 33,611.69 points. Similarly, the Market Capitalization was down by N155.60 billion, representing an decrease of 1.25%, closing at N12.27 trillion.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; NESTLE (-9.67%), FO (-9.29%), ZENITHBANK (-1.91%), ACCESS (-1.66%), GUARANTY (-1.43%), UBA (-1.27%), and NB (-0.43%).
The Naira at the inter-bank rate closed at N306.25, representing a 0.02% against Friday’s closing price.
The Investors and Exporters (I&E) FX window opened at N362.67, traded high at N364.50 and eventually closed at N364.50, representing 0.09% depreciation against Friday’s closing price. A total of $249.84 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 at 5.00%, representing a 1.58% appreciation against Friday’s closing position, while Open Buy-Back (OBB) rate closed at 4.17% representing a 1.33% appreciation against Friday’s closing position.
We expect the Money Market to trade within existing range in the next session.
Top 7 Gainers Number of Gainers (11)
Top 7 Losers Number of Losers (21)
Top 7 Traders By Volume
Top 7 Traders By Value