Equity Market YTD Index turns negative after five consecutive bearish trading sessions
The equity market today shed 1.02%, extending losses to five consecutive trading sessions.Consequently, the declining All Share YTD Index slid to a negative territory, five weeks after initial uptick. The decline was driven by losses experienced in all but the Oil and Gas sector. Market breadth closed negative, recording 8 gainers and 29 losers.
NSE Trading Floor
The All Share Index (ASI) declined by 323.30 absolute points, representing a decrease of 1.02%, to close at 31,313.36 points. Similarly, Market Capitalization shed N120.56billion representing a dip of 1.02%, to close at N11.68trillion.
LAWUNION emerged the top gainer while INTBREW emerged as the top loser.
The downtrend was impacted by losses recorded in medium and large capitalized stocks, amongst which are; INTBREW (-9.93%), PZ (-5.58%), GUARANTY (-4.83%), NASCON (-4.61%), FCMB (-3.85%), DANGSUGAR (-3.78%), MOBIL (-3.00%), DANGFLOUR (-2.91%), FIDELITYBK(-1.32%), ZENITHBANK (-0.88%), and ACCESS (-0.83%).
|CAP||N11,677,236,637,982.03||One Day (ASI CHG)||-1.02|
|Index||31,313.36||One Week (ASI CHG)||-2.67|
|Volume||219,369,104||One Month (ASI CHG)||-3.54|
|Value||N2,927,336,775.64||Six Months (ASI CHG)||-3.03|
|Deals||3,345||52 Weeks (ASI CHG)||-27.27|
The Naira at the inter-bank rate closed unchanged at N306.95 against yesterdays closing position.
The Investors and Exporters (I&E) FX window opened at N360.60, traded high at N363.00 and eventually closed at N360.44, representing a 0.04% depreciation against yesterdays closing position. A total of $510.65 million was transacted through the I&E window today.
Overnight(O/N) rate closed at 10.33%, representing a 1.25% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate also closed at 9.67%, representing a 1.17% depreciation against yesterday’s closing position.
|Note: BPS=> Basis Points|
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