Market Performance Indicator Slides Amidst Selloff in Three Sectors
Activities on the Local bourse today closed negative, with sell pressure mostly prevailing in Oil & Gas, Industrial and Consumer goods sectors. The market performance indicator – NSE ASI, shed 0.16% to reverse the gains recorded in the previous two sessions. Consequently, Market breadth also closed negative, recording 8 gainers and 20 losers.
NSE Trading Floor
The All Share Index (ASI) declined by 51.92 absolute points, representing a decrease of 0.16%, to close at 32,121.74 points. Similarly, Market Capitalization shed N19.36 billion representing a dip of 0.16%, to close at N11.98trillion.
CHIPLC emerged the top gainer while MCNICHOLS emerged as the top loser.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; CCNN (-5.00%), HONYFLOUR (-3.70%), SEPLAT (-3.57%), CADBURY (-1.92%), FCMB (-1.44%), DANGFLOUR (-0.91%), ZENITHBANK (-0.81%), PZ (-0.41%), and DIAMONDBANK (-0.40%).
|CAP||N11,978,695,573,466.43||One Day (ASI CHG)||-0.16|
|Index||32,121.74||One Week (ASI CHG)||-0.38|
|Volume||208,604,112.00||One Month (ASI CHG)||+4.22|
|Value||N2,784,932,412.10||Six Months (ASI CHG)||-5.83|
|Deals||3,246||52 Weeks (ASI CHG)||-26.34|
The Naira at the inter-bank rate remain unchanged to closed at N306.90 against yesterday’s closing price.
The Investors and Exporters (I&E) FX window opened at N360.70, traded high at N362.50 and eventually closed at N360.19, to represent a 0.16% appreciation against yesterday’s closing price. A total of $91.66 million was transacted through the I&E window today.
Overnight(O/N) rate closed at 9.75%, representing a 0.67% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate also closed at 8.83%, representing a 0.50% depreciation against yesterday’s closing position.
|Note: BPS=> Basis Points|
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