Local bourse extends downtrend to 3 consecutive days, sheds 0.94%
Transactions on the Nigerian equity market today (Wednesday), closed on a negative note, extending negative sentiment to three consecutive trading days, with a dip of 0.94%, following sell-off on DANGCEM, ACCESS, ZENITHBANK among others. Consequently, the market breadth closed negatively, recording 26 losers as against 6 gainers.
NSE Trading Floor
In summary, the All-Share Index (ASI) decreased by 199.93 absolute points, representing a dip of 0.94% to close at 21,100.54 points. Similarly, the overall Market Capitalization size shed N104.19 billion, representing a dip of 0.94% to close at N11.00 trillion.
MTNN emerged as the top gainer while UNILEVER emerged as the top loser.
The downturn was impacted by loses recorded in large and medium capitalized stocks, amongst which are; DANGCEM (-9.95%), GUINNESS (-9.92%), FLOURMILL (-9.88%), ETI (-8.99%), ACCESS (-3.56%), ZENITHBANK (-2.56%), FBNH (-1.27%), DANGSUGAR (-1.11%), UBA (-1.00%) and GUARANTY (-0.85%).
|CAP||N10,996,610,237,603.31||One Day (ASI CHG)||-0.94%|
|Index||21,100.54||One Week (ASI CHG)||-2.89%|
|Volume||154,550,658||One Month (ASI CHG)||-20.12%|
|Value||N1,767,437,961.87||Six Months (ASI CHG)||-23.63%|
|Deals||3,415||52 Weeks (ASI CHG)||-30.19%|
The Naira at the official window on Wednesday closed unchanged at 361.00/$1, against yesterday’s position.
The Investors and Exporters (I&E) FX window opened at N386.01, traded high at N395.95 and eventually closed at N385.55, unchangedd against yesterday’s closing position. A total of $79.94 million was transacted through the I&E window today.
Overnight(O/N) rate closed at 6.08%, representing a 3.75% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 5.50%, representing 3.00% depreciation against yesterday’s position.
|Note: BPS=> Basis Points|
The NASD OTC market on Tuesday remained unchanged as the Unlisted Securities Index (USI) closed at 692.71, against Friday’s closing position. Similarly, Market Capitalization closed at N508.84 billion, unchanged against Friday’s position. Consequently, the aggregate volume and value decreased by 78.67% and 71.78%, as investors traded a total of 8,359,549 volume of shares, valued at N6.43 million in 3 deals.
Top 6 Gainers
Top 7 Losers
Top 7 Traders By Volume
Top 7 Traders By Value