Equity market extends losses to 2nd day of the New Year.
The Equity market extended yesterdays down turn shedding 0.96% . The downturn was caused majorly by losses in the industrial goods and banking sector. Market breadth closed negative, recording 13 gainers and 24 losers.
NSE Trading Floor
In summary, the All Share Index (ASI) was down by 298.74 absolute points, representing a decline of 0.96%, closing at 30,771.32 points. Similarly, Market Capitalization decrease by N111.41 billion representing a dip of 0.96%, closing at N11.47trillion.
FO emerged the top gainer while GLAXOSMITH emerged the top loser.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; FCMB (-8.33%), DIAMONDBANK (-6.98%), TRANSCORP (-6.20%), ACCESS (-5.38%), GUARANTY (-4.49%), STANBIC (-4.07%) FBNH (-2.50%), DANGSUGAR (-1.69%), FLOURMILL (-1.58%), and ZENITHBANK (-1.52%).
|CAP||N11,474,904,153,373.09||One Day (ASI CHG)||-0.96|
|Index||30,771.32||One Week (ASI CHG)||-2.91|
|Volume||169,190,206||One Month (ASI CHG)||-0.76|
|Value||N1,128,040,262.68||Six Months (ASI CHG)||-18.17|
|Deals||3,683||52 Weeks (ASI CHG)||-19.42|
The Naira at the inter-bank rate remain unchanged to closed at N306.95 against Wednesday’s closing price
The Investors and Exporters (I&E) FX window opened at N364.32, traded high at N365.50 and eventually closed at N365.30, representing a 0.24% depreciation against Wednesday’s closing price. A total of $29.38 million was transacted through the I&E window today.
Overnight(O/N) rate closed at 14.92%, representing a 4.50% depreciation against Wednesday’s closing position, while Open Buy-Back (OBB) rate also closed at 14.08% representing a 4.25% depreciation against Wednesday’s closing position.
|Note: BPS=> Basis Points|
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