Equity Market recedes further, sheds 1.89% as profit-taking ensues
The equity market performance index (NSE-ASI) shed 1.89% to continue its downward trend since the week began. This was driven by profit-taking in-view of the upcoming 2019 elections slated to hold on February 16th, 2019, causing all sub-indices to record negative performances. The market breadth closed negative, recording 32 gainers and 10 losers.
NSE Trading Floor
The All Share Index (ASI) dropped 588.14 absolute points to represent a decline of 1.89%, and close at 30,557.20 points. Similarly, Market Capitalization decreased by N219.32 billion representing a decline of 1.89%, to close at N11.39 trillion.
MCNICHOLS & SUNUASSUR emerged the top gainers while REDSTAREX emerged as the top loser.
The downtrend was impacted by losses recorded in medium and large capitalized stocks, amongst which are; HONTFLOUR (-7.69%), ETI (-6.67%), NB (-5.13%), ACESS (-4.17%), STANBIC(-3.83%), FLOURMILL (-2.37%), DIAMONDBNK (-2.17%), ZENITHBANK (-2.17%), DANGCEM (-2.06%), GUARANTY (-1.62%), UCAP (-1.55%), FBNH (-1.35%) and DANSUGAR (-0.71%).
|CAP||N11,394,932,844,444.03||One Day (ASI CHG)||-1.89|
|Index||30,557.20||One Week (ASI CHG)||-1.40|
|Volume||349,307,090||One Month (ASI CHG)||-2.78|
|Value||N3,491,694,362.43||Six Months (ASI CHG)||-17.45|
|Deals||4,228||52 Weeks (ASI CHG)||-31.09|
The Naira at the inter-bank rate remained unchanged to closed at N306.75 against yesterday’s closing price.
The Investors and Exporters (I&E) FX window closed at N363.03, representing a 0.08% appreciation against yesterday’s closing price. A total of $160.08 million was transacted through the I&E window today.
Top 7 Gainers
Top 7 Losers
Top 7 Traders By Volume
Top 7 Traders By Value