Equity Market halts last week bullish sentiment, posts 0.03% decline
The Equity Market resumed the trading week on a bearish note, recording a 0.03% decline to halt last week’s bullish sentiment. Market breadth closed positive recording 20 gainers as against 17 losers.
NSE Trading Floor
The All Share Index (ASI) declined 10.31 absolute points, representing a decrease of 0.03% to close at 30,076.00 points. Conversely, Market Capitalization increased by N2.42 billion representing a growth of 0.02% to close at N11.30 trillion as result of SAHCO listing on the Mainboard of the Nigerian Stock Exchange.
JAPAULOIL emerged the top gainer while GUINNESS emerged as the top loser.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; FO (-9.83%), UNILEVER (-8.82%), AFRIPRUD (-3.50%), GUARANTY (-2.01%), TRANSCORP (-1.68%), NB (-1.54%), FLOURMILL (-0.61%), and WAPCO (-0.43%).
|CAP||N11,303,066,288,901.37||One Day (ASI CHG)||-0.03|
|Index||30,076.00||One Week (ASI CHG)||+1.11|
|Volume||316,117,755||One Month (ASI CHG)||-3.41|
|Value||N3,645,405,085.84||Six Months (ASI CHG)||-9.39|
|Deals||3,888||52 Weeks (ASI CHG)||-26.22|
The Naira exchange rate at the official window remained unchanged from last Thursday’s position of N306.90/$1.
The Investors and Exporters (I&E) FX window opened at N360.20, traded high at N362.50 and eventually closed at N360.52, representing a 0.06% depreciation against last Thursday’s closing position. A total of $265.59 million was transacted through the I&E window today.
Overnight(O/N) rate closed at 18.21%, representing a 7.64% appreciation against last Thursday’s closing position, while Open Buy-Back (OBB) rate closed at 17.29%, representing a 7.43% appreciation against last Thursday’s closing position.
|Note: BPS=> Basis Points|
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