Losses in Dangcem & 14 others push equity index lower by 0.96%
The Equity Market closed negative on Friday, losing 0.96% to reverse yesterday’s positive sentiment. Market breadth closed negative, recording 14 gainers and 15 losers.
NSE Trading Floor
In summary, the All Share Index (ASI) was down by 305.90 absolute points, representing a decrease of 0.96%, closing at 31,678.70 points. Similarly, Market Capitalization decreased by N111.68 billion representing a dip of 0.96%, closing at N11.57 trillion.
HONEY FLOUR emerged the top gainer while IKEJA HOTEL emerged the top loser.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; WAPCO (-6.67%), FLOURMILL (-3.18%), FCMB (-2.65%), DANGCEM (-2.50%), NB (-2.28%), OANDO (-2.04%), ACCESS (-1.99%), FCMB (-0.65%), UBA (-0.64%) and ZENITHBANK (-0.62%).
|CAP||N11,565,169,960,160.11||One Day (ASI CHG)||–0.96|
|Index||31,678.70||One Week (ASI CHG)||-1.18|
|Volume||223,844,856||One Month (ASI CHG)||-4.56|
|Value||N2,627,610,184.49||Six Months (ASI CHG)||-21.10|
|Deals||2,819||52 Weeks (ASI CHG)||-13.66|
The Naira at the inter-bank rate remain unchanged to closed at N306.75 against Monday’s closing price.
The Investors and Exporters (I&E) FX window opened at N363.61, traded high at N365.00 and eventually closed at N364.70, representing a 0.16% depreciation against Thursday’s closing price. A total of $374.58 million was transacted through the I&E window today.
Overnight (O/N) rate closed at 6.58%, representing a 0.50% appreciation against Thursday’s closing position, while Open Buy-Back (OBB) rate also closed at 5.83% representing a 0.67% appreciation against Thursday’s closing position.
|Note: BPS=> Basis Point|
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