Nigerian equity market sustains previous negative sentiment, dips by 0.19%

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The Nigerian equity market today (Wednesday) closed on a negative note as the All-Share-Index contracted by 0.19%, to sustain the previous negative sentiment to two consecutive trading days. The downtrend was supported by value depreciation on some bellwether stocks like ACCESS, FBNH, ZENITHBANK, and 12 others. Consequently, the market breadth closed on a negative note, recording 19 losers as against 17 gainers.

NSE Trading Floor

In summary, the All-Share Index (ASI) decreased by 47.65 absolute points, representing a dip of 0.19% to close at 25,550.31 points. Similarly, the overall Market Capitalization size shed N1.16 billion, representing a contraction of 0.19% to close at N13.35 trillion.

LEARNAFRCA emerged as the top gainer while ROYALEX emerged as the top loser.

The downturn was impacted by loses recorded in large and medium capitalized stocks, amongst which are; WAPCO (-3.70%), ACCESS (-1.49%) ETI (1.22%), ZENITHBANK (-1.16%), FBNH (-1.00%), and UBA (-0.83%).

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MARKET STATISTICS

CAP N13,352,926,046,427.02 One Day (ASI CHG) -0.19%
Index 25,550.31 One Week (ASI CHG) +0.49%
Volume 211,816,446.00 One Month (ASI CHG) +1.66%
Value N2,417,710,833.80 Six Months (ASI CHG) +12.11%
Deals 3,651 52 Weeks (ASI CHG) -7.34%
Gainers 17 Losers 16
Unchanged 70 Total 106
    YTD -4.81%

Source: NSE, GTI Research

 

NASD OTC MARKET

 The NASD OTC market today (Wednesday) closed on a negative note as the Unlisted Securities Index (USI) closed at 722.13, representing a 0.69% depreciation against the previous day’s closing position. Similarly, Market Capitalization shed N3.67 billion closed at N530.45 billion, representing a 0.69% depreciation against the previous day’s closing position. Consequently, the aggregate volume and value decreased by 20.65% and 89.02% respectively, as investors traded a total of 812,166 shares, worth N8.17 million in 9 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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