Negative sentiment returns as investors wealth declined by 0.51%
The local bourse on Tuesday, nosedived by 0.51% after Monday’s positive rally. This sell pressure was experienced by Insurance, Oil & Gas, Banking and Consumer Goods sectors. Consequently, Market breath closed negative, recording 6 gainers and 23 losers.
NSE Trading Floor
The All Share Index (ASI) decreased by 141.98 absolute points, representing a decline of 0.51% to close at 27,527.40 points. Similarly, the Market Capitalization lost N69.19 billion, representing a dip of 0.51% and closed at N13.41 trillion.
MAYBAKER emerged the top gainer while BETAGLAS emerged as top loser
The downturn was impacted by losses recorded in large and medium capitalized stocks, amongst which are; CADBURY (-9.65%), OANDO (-6.33%), FO (-5.91%), HONYFLOUR (-5.00%), FBNH (-3.70%), WEMABANK (-3.33%), DANGFLOUR (-1.72%), UBA (-1.67%), ZENITHBANK (-1.37%), DANGCEM (-1.18%), TRANSCORP (-1.08%), GUARANTY (-1.07%), and MTNN (-0.19%).
|CAP||N13,414,658,303,554.10||One Day (ASI CHG)||-0.51%|
|Index||27,527.40||One Week (ASI CHG)||-1.05%|
|Volume||170,722,788||One Month (ASI CHG)||-5.96%|
|Value||N2,262,453,672.96||Six Months (ASI CHG)||-10.69%|
|Deals||3,614||52 Weeks (ASI CHG)||-24.54%|
The Naira exchange rate remain unchanged to close N306.90/$1 as against yesterday’s position.
The Investors and Exporters (I&E) FX window opened at N362.43, traded high at N364.25 and eventually closed at N362.92 representing a 0.20% depreciation as against yesterday’s closing position. A total of $123.98 million was transacted through the I&E window today.
Overnight(O/N) rate closed at 5.21%, representing a 0.79% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 4.64%, representing a 0.79% depreciation against yesterday’s closing position.
|Note: BPS=> Basis Points|
NASD OTC MARKET
The NASD market extends negative sentiment at the close of today’s trading activities, as the Unlisted Securities Index (USI) declined further by 1.25% to close at 711.58 points against yesterday’s index. Similarly, the Market Capitalization lost by N6.45 billion to close at N511.23 billion. Also, market activities measured by aggregate volume and value decline by 92.99% and 87.50% respectively. Investors traded a total of 70,271 units of shares valued at N2.83 million in 7 deals.
Top 6 Gainers
Top 7 Losers
Top 7 Traders By Volume
Top 7 Traders By Value