Losses in Dangcem & 15 others drag market to shed 0.86%
The stock market closed lower, shedding 0.86% due to losses in DangCem and 15 others. Market breadth closed positive, recording 30 gainers and 16 losers.
NSE Trading Floor
In summary, the All Share Index (ASI) was down by 274.38 absolute points, representing a decrease of 0.86%, closing at 31,692.63 points. Similarly, Market Capitalization decreased by N100.22 billion representing a dip of 0.86%, closing at N11.58 trillion.
CONOIL emerged the top gainer while UACN emerged the top loser.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; UACN (-10.00%), WEMABANK (-8.20%), FBNH (-4.65%), DANGCEM (-3.25%), ACCESS (-2.78%), FLOURMILL (-2.09%), DANGFLOUR (-0.72%) and DANGSUGAR (-0.32%).
|CAP||N11,576,320,852,242.88||One Day (ASI CHG)||-0.86|
|Index||31,692.63||One Week (ASI CHG)||+2.89|
|Volume||452,260,727||One Month (ASI CHG)||+1.66|
|Value||N2,608,644,671.40||Six Months (ASI CHG)||-16.52|
|Deals||3,520||52 Weeks (ASI CHG)||-16.36|
The Naira at the inter-bank rate depreciated by 0.02% from Monday’s closing position of N306.95 to close at N307.00
The Investors and Exporters (I&E) FX window opened at N364.45, traded high at N365.50 and eventually closed at N364.35, to remain unchanged against Monday’s closing price. A total of $133.50 million was transacted through the I&E window today.
Overnight(O/N) rate closed at 13.25%, representing a 0.50% depreciation against Monday’s closing position, while Open Buy-Back (OBB) rate also closed at 12.50% representing a 0.17% depreciation against Monday’s closing position.
|Note: BPS=> Basis Points|
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