Negative Sentiment returns as NSE ASI sheds 1.07%
The Equity Market declined by 1.07% after two consecutive days of 1.15% gains. Market breadth closed negative, recording 17 gainers and 22 losers.
NSE Trading Floor
In summary, the All Share Index (ASI) was down by 332.58 absolute points, representing a decline of 1.07%, closing at 30,819.10 points. Similarly, Market Capitalization decreased by N121.42 billion representing a dip of 1.07%, closing at N11.25 trillion.
CHAMPION emerged the top gainer while NIGERINS emerged the top loser.
The downturn was impacted by loses recorded in medium and large capitalized stocks, amongst which are; WEMABANK (-3.64%), ACCESS (-2.67%), DANGCEM (-2.63%), UNILEVER (-1.52%), ZENITHBANK (-1.47%), STANBIC (-1.05%), TRANSCORP (-0.86%), FBNH (-0.65%), and NESTLE (-0.34%).
|CAP||N11,251,368,583,093.15||One Day (ASI CHG)||-1.07|
|Index||30,819.10||One Week (ASI CHG)||+0.68|
|Volume||280,939,009||One Month (ASI CHG)||-4.15|
|Value||N2,490,161,522.88||Six Months (ASI CHG)||-19.82|
|Deals||3,030||52 Weeks (ASI CHG)||-21.13|
The Naira at the inter-bank rate remain unchanged to closed at N306.85 against Wednesday’s closing price.
The Investors and Exporters (I&E) FX window opened at N364.23, traded high at N365.905 and eventually closed at N365.16, representing a 0.14% depreciation against Wednesday’s closing price. A total of $410.65 million was transacted through the I&E window today.
Overnight (O/N) rate closed at 8.71%, representing a 4.37% depreciation against Wednesday’s closing position, while Open Buy-Back (OBB) rate also closed at 7.79% representing a 4.21% depreciation against Wednesday’s closing position.
|Note: BPS=> Basis Points|
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