Oil & Gas and Banking Sector Led Equity Market to Another Decline
The equity market today extend its negative sentiment to six successive trading sessions, as the All Share Index (ASI) declined further by 0.50% from yesterday’s position. Today’s decline was impacted by huge selloff in Oil & Gas and Banking sector while others closed positive. However, market breadth closed positive, recording 24 gainers and 15 losers.
NSE Trading Floor
The All Share Index (ASI) shed 115.53 absolute points, representing a decline of 0.50%, to close at 30,885.31 points. Similarly, Market Capitalization lost N58.00 billion representing a dip of 0.50%, to close at N11.52trillion.
SOVRENINS emerged the top gainer while CHAMPION emerged as the top loser.
The downtrend was impacted by losses recorded in medium and large capitalized stocks, amongst which are; SEPLAT (-5.43%), UCAP (-3.51%), FCMB (-2.04%), GUARANTY (-1.77%), STANBIC (-1.10%), ZENITHBANK (-0.90%), DANGCEM (-0.69%), and FIDELITYBK (-0.41%)
|CAP||N11,517,611,391,395.07||One Day (ASI CHG)||-0.50|
|Index||30,885.31||One Week (ASI CHG)||-1.04|
|Volume||250,029,269||One Month (ASI CHG)||-5.17|
|Value||N2,430,790,570.45||Six Months (ASI CHG)||-5.09|
|Deals||3,869||52 Weeks (ASI CHG)||-25.57|
The Naira at the inter-bank rate remain unchanged to closed at N306.90 against yesterday’s closing position.
The Investors and Exporters (I&E) FX window opened at N360.13, traded high at N361.50 and eventually closed at N360.47, representing a 0.02% depreciation against yesterday’s closing position. A total of $129.18 million was transacted through the I&E window today.
Overnight(O/N) rate closed at 17.25%, representing a 6.08% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate also closed at 16.00%, representing a 5.83% appreciation against yesterday’s closing position.
|Note: BPS=> Basis Points|
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