Local bourse halts uptrend of six consecutive trading days, sheds 0.09%
The Nigerian equity market today (Monday) began the trading week on a negative note as the All-Share-Index depreciated by 0.09% to halt previous positive sentiment of six consecutive trading day. The downtrend was supported by value depreciation on some bellwether stocks like ZENITHBANK, GUARANTY, FBNH and 13 others. However, the market breadth closed on a positive note, recording 16 gainers as against 15 losers.
NSE Trading Floor
In summary, the All-Share Index (ASI) decreased by 23.41 absolute points, representing a dip of 0.09% to close at 25,582.23 points. Similarly, the overall Market Capitalization size shed N12.22 billion, representing a contraction of 0.09% to close at N13.35 trillion.
ETERNA emerged as the top gainer while HONYFLOUR emerged as the top loser.
The downturn was impacted by loses recorded in large and medium capitalized stocks, amongst which are; HONYFLOUR (-6.25%), DANGSUGAR (-3.60%) GUARANTY (-2.45%), UBA (-2.33%), FBNH (-1.00%), ZENITHBANK (-0.57%) and GUINNESS (-0.35%)
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MARKET STATISTICS
| CAP | N13,345,879,166,754.12 | One Day (ASI CHG) | -0.09% |
| Index | 25,582.23 | One Week (ASI CHG) | +1.01% |
| Volume | 254,973,889 | One Month (ASI CHG) | +2.16% |
| Value | N2,000,332,242.91 | Six Months (ASI CHG) | -3.19% |
| Deals | 4,699 | 52 Weeks (ASI CHG) | -6.13% |
| Gainers | 16 | Losers | 15 |
| Unchanged | 66 | Total | 98 |
| YTD | -4.69% |
Source: NSE, GTI Research
FOREIGN EXCHANGE
The Naira at the official window today (Monday) closed at 379.00/$1, unchanged against the previous day’s position.
The Investors and Exporters (I&E) FX window opened at N386.19, traded high at N394.63 and eventually closed at N386.0, representing a 0.03% appreciation against the previous day’s closing position. A total of $45.22 million was transacted through the I&E window today.
MONEY MARKET
Overnight(O/N) rate today (Monday) closed at 2.25%, unchanged against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 1.38%, representing a 0.25% depreciation against the previous day’s position.
| FIXED INCOME | |||
| Securities | Close | P. Close | Change |
| Bond | 346.87 | 351.52 | -4.65 bps |
| T.Bills | 120.76 | 121.59 | -0.83 bps |
| Note: BPS=> Basis Points |
Source: FMDQ, GTI Research
NASD OTC MARKET
The NASD OTC market today (Monday) closed on a positive note as the Unlisted Securities Index (USI) closed at 725.51, representing a 1.58% appreciation against the previous day’s closing position. Similarly, Market Capitalization gained N8.30 billion closed at N532.94 billion, representing a 1.58% appreciation against the previous day’s closing position. Consequently, the aggregate volume and value increased by 830.20% and 872.29% respectively, as investors traded a total of 41,394 shares, worth N11.41 million in 6 deal.
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