Equity Market Extends Loosing Streak to Three Consecutive Trading Sessions
The equity market today shed 0.27%, extending its loosing streak to three consecutive trading sessions. The decline was driven by losses experienced in banking, consumer goods and industrial sectors of the market. Consequently, Market breadth closed negative, recording 14 gainers and 15 losers.
NSE Trading Floor
The All Share Index (ASI) declined by 85.55 absolute points, representing a decrease of 0.27%, to close at 31,924.51 points. Similarly, Market Capitalization shed N31.91 billion representing a dip of 0.27%, to close at N11.91trillion.
WAPIC emerged the top gainer while ACADEMY emerged as the top loser.
The downtrend was impacted by losses recorded in medium and large capitalized stocks, amongst which are; DANGFLOUR (-7.93%), NB (-4.03%), UBA (-1.29%), GUARANTY (-0.93%), FBNH (-0.61%), WAPCO (-0.38%) and DANGSUGAR (-0.34%).
|CAP||N11,905,141,991,290.93||One Day (ASI CHG)||-0.27|
|Index||31,924.51||One Week (ASI CHG)||+0.31|
|Volume||233,293,742||One Month (ASI CHG)||+1.25|
|Value||N2,270,798,795.08||Six Months (ASI CHG)||-6.21|
|Deals||3,110||52 Weeks (ASI CHG)||-25.48|
The Naira at the inter-bank rate remain unchanged to closed at N306.90 against yesterday’s closing price.
The Investors and Exporters (I&E) FX window opened at N360.29, traded high at N362.00 and eventually closed at N360.42, to represent a 0.02% appreciation against yesterday’s closing price. A total of $563.61million was transacted through the I&E window today.
Overnight(O/N) rate closed at 10.08%, representing a 0.50% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate also closed at 9.17%, representing a 0.67% depreciation against yesterday’s closing position.
|Note: BPS=> Basis Points|
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