Nigerian equity market halts previous positive momentum, dips by 0.03%
The Nigerian equity market today (Tuesday) closed on a negative note as the All-Share-Index contracted by 0.03%, to halt the previous positive momentum of three consecutive trading days. The downtrend was supported by value depreciation on some bellwether stocks like DANGSUGAR, FBNH, SEPLAT, and 12 others. Consequently, the market breadth closed on a negative note, recording 15 losers as against 13 gainers.
NSE Trading Floor
In summary, the All-Share Index (ASI) decreased by 7.63 absolute points, representing a dip of 0.03% to close at 25,597.96 points. Similarly, the overall Market Capitalization size shed N3.98 billion, representing a contraction of 0.03% to close at N13.35 trillion.
IKEJAHOTEL emerged as the top gainer while NPFMCRFBK emerged as the top loser.
The downturn was impacted by loses recorded in large and medium capitalized stocks, amongst which are; OANDO (-5.46%), FBNH (-1.96%) SEPLAT (-1.28%), DANGSUGAR (-1.24%), ETI (-1.20%), FIDELITYBK (-1.12%) and UBA (-0.81%).
|CAP||N13,354,088,167,445.31||One Day (ASI CHG)||-0.03%|
|Index||25,597.96||One Week (ASI CHG)||+0.39%|
|Volume||245,139,497||One Month (ASI CHG)||+1.58%|
|Value||N3,013,027,932.60||Six Months (ASI CHG)||+13.55%|
|Deals||3,597||52 Weeks (ASI CHG)||-6.67%|
NASD OTC MARKET
The NASD OTC market today (Tuesday) closed on a positive note as the Unlisted Securities Index (USI) closed at 727.12, representing a 1.15% appreciation against the previous day’s closing position. Similarly, Market Capitalization gained N6.06 billion closed at N534.12 billion, representing a 1.15% appreciation against the previous day’s closing position. Consequently, the aggregate volume and value increased by 3,628.84% and 5,367.26% respectively, as investors traded a total of 1.02 million shares, worth N74.43 million in 11 deals.