NESTLE and 19 other led NSE-ASI to reverse previous dead cat bounce
Transactions on Customs street on Friday reversed previous dead cat bounce of temporary recovery to close lower at 0.65%, following sell pressure on some highly valued stocks like NESTLE, UBA, ACCESS and 17 others. Consequently, the market breadth closed negative, recording 14 gainers against 20 losers.
NSE Trading Floor
In summary, the All-Share Index (ASI) decreased by 180.29 absolute points, representing a decline of 0.65% to close at 27,388.62 points. Similarly, the overall Market Capitalization size shed N93.92 billion, representing a dip of 0.65% to close at N14.27 trillion.
JAIZBANK emerged as the top gainer while LAWUNION emerged as top loser.
The uptrend was impacted by gains recorded in large and medium capitalized stocks, amongst which are; NESTLE (-9.02%), UACN (-6.67%), NB (-5.92%), UBA (-3.27%), ACCESS (-3.09%), HONYFLOUR (-1.94%) and WAPCO (-1.27%).
|CAP||N14,268,247,277,020.90||One Day (ASI CHG)||-0.65%|
|Index||27,388.62||One Week (ASI CHG)||–1.71%|
|Volume||421,275,510||One Month (ASI CHG)||-7.44%|
|Value||N5,552,493,904.14||Six Months (ASI CHG)||-1.48%|
|Deals||4,423||52 Weeks (ASI CHG)||-15.77%|
The Naira at the official window on Friday closed unchanged at 307.00/$1, against yesterday’s position.
The Investors and Exporters (I&E) FX window opened at N364.97, traded high at N368.35 and eventually closed at N364.26, representing a 0.03% appreciation against yesterday’s closing position. A total of $420.91 million was transacted through the I&E window today.
Overnight(O/N) rate closed at 3.83%, representing a 0.25% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 3.00%, representing 0.33% appreciation against yesterday’s position.
|Note: BPS=> Basis Points|
NASD OTC MARKET
The NASD OTC market on Friday closed unchanged as the Unlisted Securities Index (USI) closed at 700.39, against yesterday’s closing position. Similarly, Market Capitalization closed at N503.55 billion, unchanged against yesterday’s position. However, the aggregate volume decreased by 68.70% while the aggregated value increased by 31.44%, as investors traded a total of 83,533 volume of shares, valued at N6.14 million in 5 deals.
Top 7 Gainers
Top 7 Losers
Top 7 Traders By Volume
Top 7 Traders By Value