Positive Earnings Result Stirs Market to a 0.76% Gain
The local bourse today sustain yesterday’s positive momentum as news of the positive earnings result of Nigeria’s three biggest lenders stirred investors sentiment. Notable, price appreciation was recorded on Access Bank, Nestle, Dangote Flour and Thirteen (13) others as the All Share Index (ASI) gained further traction by 0.76% . Nonetheless, market breadth closed negative, recording 16 gainers against 17 losers.
NSE Trading Floor
The All Share Index (ASI) gained 224.62 absolute points, representing an increase of 0.76% to close at 29,970.86 points. Similarly, Market Capitalization surged by N84.37 billion representing a growth of 0.76% to close at N11.26 trillion.
ACCESS emerged the top gainers while TRANSEXPR emerged as the top losers.
The uptrend was impacted by gains recorded in medium and large capitalized stocks, amongst which are; ACCESS (+9.92%), NESTLE (+5.31%), DANGFLOUR (+2.97%), FCMB (+2.69%), OANDO (+2.08%), FBNH (+1.34%), NB (+1.33%), DANGCEM (+1.08%), and DANGSUGAR (+0.36%).
|CAP||N11,257,282,793,093.64||One Day (ASI CHG)||+0.76|
|Index||29,970.86||One Week (ASI CHG)||+2.79|
|Volume||216,012,863||One Month (ASI CHG)||-3.76|
|Value||N3,227,709,025.25||Six Months (ASI CHG)||-7.60|
|Deals||4,025||52 Weeks (ASI CHG)||-26.52|
The Naira at the inter-bank rate remained unchanged closing at N306.95 against yesterday’s closing position.
The Investors and Exporters (I&E) FX window opened at N360.25, traded high at N362.00 and eventually closed at N360.42, representing a 0.05% depreciation against yesterday’s closing position. A total of $403.79 million was transacted through the I&E window today.
Overnight(O/N) rate closed at 16.57%, representing a 0.86% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate also closed at 15.71%, representing a 0.43% depreciation against yesterday’s closing position.
|Note: BPS=> Basis Points|
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