Nigerian equity market halts previous positive momentum, dips by 0.03%

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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%).

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MARKET STATISTICS

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%
Gainers 13 Losers 15
Unchanged 78 Total 106
    YTD -4.63%

Source: NSE, GTI Research

 

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.

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GTI

GTI is a leading Nigerian Investment Banking group with proven expertise in Financial advisory, Securities Dealing (Fixed Income and Equities), Asset management and Deal Origination. We have strong capacity in financial service delivery.

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