Equity Market halts Positive Momentum
The equity market today shed 0.14%, halting prior positive momentum of two trading sessions. This was driven by sell off in some insurance, banking and consumer goods stocks. However, market breadth closed positive, recording 21 gainers and 15 losers.
NSE Trading Floor
The All Share Index (ASI) lost 45.40 absolute points, representing a dip of 0.14%, to close at 32,568.66 points. Similarly, Market Capitalization declined by N16.93 billion representing a dip of 0.14%, to close at N12.15 trillion.
IKEJAHOTEL emerged the top gainer while LINKASSURE emerged as the top loser.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; INTBREW (-9.48%), UCAP (-5.76%), DANGFLOUR (-2.51%), UACN (-2.22%), ZENITHBANK (-1.94%), and FLOURMILL (-0.24%),
|CAP||N12,145,358,725,079.98||One Day (ASI CHG)||-0.14|
|Index||32,568.65||One Week (ASI CHG)||+0.35|
|Volume||220,609,260||One Month (ASI CHG)||+5.97|
|Value||N2,240,819,545.47||Six Months (ASI CHG)||-6.04|
|Deals||4,327||52 Weeks (ASI CHG)||-22.75|
The Naira at the inter-bank rate remain unchanged to closed at N306.80 against yesterday’s closing price.
The Investors and Exporters (I&E) FX window opened at N361.83, traded high at N363.25 and eventually closed at N361.48, representing a 0.15% appreciation against yesterday’s closing price. A total of $545.06 million was transacted through the I&E window today.
Overnight(O/N) rate closed at 14.58%, representing a 0.92% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate also closed at 13.67%, representing a 1.33% depreciation against yesterday’s closing position.
|Note: BPS=> Basis Points|
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