Equity Market Further Recedes. Sheds 0.68%
The Equity Market closed lower today, shedding 0.68%, extending downtrend to three consecutive trading days. The Market breadth closed negative, recording 18 gainers against 22 losers.
NSE Trading Floor
In summary, the All Share Index (ASI) was down by 238.22 absolute points, representing an decrease of 0.68%, closing at 34,848.45 points. Similarly, the Market Capitalization was down by N99.40 billion, representing an decrease of 0.68%, closing at N12.72 trillion.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; HONEYFLOUR (-9.09%), GUARANTY (-5.26%), FBNH (-3.30%), ZENITHBANK (-3.00%), NB (-2.10%), UBA (-1.23%), TOTAL (-1.20%), WAPCO (-0.84%), FIDELITYBK (-0.60%), and NASCON (-0.25%).
The Naira at the inter-bank rate closed unchanged at N306.15 against yesterday’s closing price.
The Investors and Exporters (I&E) FX window opened at N362.50, traded high at N364.80 and eventually closed at N362.64, representing 0.09% depreciation against yesterday’s closing price. A total of $252.66 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 6.83%, representing a 4.83% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 6.00% representing a 4.67% depreciation against yesterday’s closing position.
We expect the Money Market to trade within existing range in the next session.
Top 7 Gainers Number of Gainers (18)
Top 7 Losers Number of Losers (22)
Top 7 traders By Volume
Top 7 Traders By Value