MTNN and 8 others sustains NSE-ASI bearish sentiment to the sixth consecutive trading day
The Nigerian equity market today (Thursday) closed on a negative note, further slipping by 0.12%, extending the bearish sentiment to the sixth consecutive trading day. The downtrend was driven by persistent sell pressure on big-name stocks like MTNN, FBNH, ZENITHBANK and 6 others. However, the market breadth closed on a positive note, recording 9 gainers as against 8 losers.
NSE Trading Floor
In summary, the All-Share Index (ASI) decreased by 29.75 absolute points, representing a dip of 0.12% to close at 24,625.24 points. Similarly, the overall Market Capitalization size shed N15.55 million, representing a decrease of 0.12% to close at N12.85 trillion.
NEIMETH emerged as the top gainers while LINKASSURE emerged as the top loser.
The downturn was impacted by losses recorded in large and medium capitalized stocks, amongst which are; JAPAULOIL (-7.69%), ZENITHBANK (-1.52%), FBNH (-0.94%), and MTNN (-0.42%).
|CAP||N12,845,979,297,808.44||One Day (ASI CHG)||-0.12%|
|Index||24,625.24||One Week (ASI CHG)||-1.24%|
|Volume||130,279,680||One Month (ASI CHG)||-2.30%|
|Value||N1,624,935,192.66||Six Months (ASI CHG)||-5.62%|
|Deals||3,413||52 Weeks (ASI CHG)||-17.00%|
The Naira at the official window on Thursday closed unchanged at 361.00/$1, against the previous day’s position.
The Investors and Exporters (I&E) FX window opened at N387.08, traded high at N389.20, and eventually closed at N386.27, representing a 0.03% depreciation against the previous day’s closing position. A total of $90.88 million was transacted through the I&E window today.
Overnight(O/N) rate closed at 16.92%, representing a 1.17% appreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 15.83%, representing a 1.17% appreciation against the previous day’s position.
|Note: BPS=> Basis Points|
NASD OTC MARKET
The NASD OTC market on Thursday closed unchanged, as the Unlisted Securities Index (USI) closed at 709.11, against the previous day’s closing position. Similarly, Market Capitalization remained unchanged at N520.89 billion, against the previous day’s closing position. Consequently, the aggregate volume decreased by 30.10% while the aggregated value increased by 30.80% respectively, as investors traded a total of 16,740 shares, worth N2.07 million in 7 deal.
Top 7 Gainers
Top 7 Losers
Top 7 Traders By Volume
Top 7 Traders By Value