Nigerian equity market sustains previous negative sentiment, sheds 0.33%
Transactions on the Nigerian equity market today (Tuesday) closed on a negative note as the All-Share-Index depreciated by 0.33% to extend the previous negative sentiment of two consecutive trading day. The downtrend was supported by value depreciation on some bellwether stocks like ZENITHBANK, ACCESS, ETI and 16 others. Consequently, the market breadth closed on a negative note, recording 19 losers as against 10 gainers.
NSE Trading Floor
In summary, the All-Share Index (ASI) decreased by 84.91 absolute points, representing a dip of 0.33% to close at 25,497.32 points. Similarly, the overall Market Capitalization size shed N44.30 billion, representing a contraction of 0.33% to close at N13.30 trillion.
HONYFLOUR emerged as the top gainer while ARBICO emerged as the top loser.
The downturn was impacted by loses recorded in large and medium capitalized stocks, amongst which are; GUARANTY (-6.18%), JAPAULOIL (-4.76%) UBN (-3.92%), GUINNESS (-2.78%), ZENITHBANK (-2.31%), ACCESS (-1.47%), and ETI (-1.19%)
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MARKET STATISTICS
| CAP | N13,301,583,426,360.65 | One Day (ASI CHG) | -0.33% |
| Index | 25,497.32 | One Week (ASI CHG) | +0.33% |
| Volume | 251,963,602 | One Month (ASI CHG) | +1.82% |
| Value | N2,044,089,434.41 | Six Months (ASI CHG) | -4.55% |
| Deals | 4,185 | 52 Weeks (ASI CHG) | -6.44% |
| Gainers | 10 | Losers | 19 |
| Unchanged | 67 | Total | 98 |
| YTD | -5.01% |
Source: NSE, GTI Research
FOREIGN EXCHANGE
The Naira at the official window today (Tuesday) closed at 379.00/$1, unchanged against the previous day’s position.
The Investors and Exporters (I&E) FX window opened at N386.48, traded high at N394.63 and eventually closed at N386.21, representing a 0.05% depreciation against the previous day’s closing position. A total of $45.22 million was transacted through the I&E window today.
MONEY MARKET
Overnight(O/N) rate today (Tuesday) closed at 2.10%, representing a 0.15% depreciation against the previous day’s closing position, while Open Buy-Back (OBB) rate closed at 1.30%, representing a 0.08% depreciation against the previous day’s position.
| FIXED INCOME | |||
| Securities | Close | P. Close | Change |
| Bond | 343.26 | 346.87 | -3.61 bps |
| T.Bills | 114.44 | 120.76 | -6.32 bps |
| Note: BPS=> Basis Points |
Source: FMDQ, GTI Research
NASD OTC MARKET
The NASD OTC market today (Tuesday) closed on a negative note as the Unlisted Securities Index (USI) closed at 720.54, representing a 0.69% depreciation against the previous day’s closing position. Similarly, Market Capitalization shed N3.65 billion to close at N529.29billion, representing a 1.58% appreciation against the previous day’s closing position. However, the aggregate volume increased by 478.97% while the aggregated value decreased by 65.69%, as investors traded a total of 239,660 shares, worth N3.91 million in 18 deal.
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