Equity Market Shook off Previous Losses, Post Gain of 0.19%
The Equity Market shook off previous losses to close higher on Monday, October 8, gaining 0.19%. Today’s gain halted downtrend of four consecutive trading days. Market breadth closed positive, recording 16 gainers and 11 losers.
In summary, the All Share Index (ASI) was up by 61.81 absolute points, representing an increase of 0.19%, closing at 32,444.96 points. Similarly, the Market Capitalization increased by N22.56 billion, representing a growth of 0.19%, closing at N11.84 trillion.
UNITYBNK emerged the top gainer while JOHNHOLT emerged the top loser.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; HONEYFLOUR (+2.13%), FBNH (+1.69%), STANBIC (+1.06%), ZENITHBANK (+0.93%), GUARANTY (+0.41) and NB (+0.33%).
|CAP||N11,844,914,235,478.44||One Day (ASI CHG)||+0.19|
|Index||32,444.96||One Week (ASI CHG)||-0.98|
|Volume||120,822,125||One Month (ASI CHG)||-4.68|
|Value||N1,337,704,320.71||Six Months (ASI CHG)||-20.56|
|Deals||2,662||52 Weeks (ASI CHG)||-11.91|
The Naira at the inter-bank rate closed at N306.45, representing a 0.02% depreciation against Friday’s closing price.
The Investors and Exporters (I&E) FX window opened at N363.75, traded high at N365.00 and eventually closed at N363.61, representing a 0.22% depreciation against Friday’s closing price. A total of $62.54 million was transacted through the I&E window today.
Overnight (O/N) rate closed at 10.58%, representing a 11.92% depreciation against Friday’s closing position, while Open Buy-Back (OBB) rate closed at 9.50% representing a 11.36% depreciation against Friday’s closing position.
|Note: BPS=> Basis Point|
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