Price depreciation on 19 stocks drag NSE-ASI down by 0.31%
Activities on the Nigerian Stock Exchange (NSE) resumed the new week on a bearish note, declining 0.31% from its opening position. The dip was drive by profit taking on 19 stocks across the five major sectors, led by Industrial goods. Similarly, market breadth closed negative, recording 12 gainers and 19 losers.
NSE Trading Floor
The All Share Index (ASI) dipped by 97.03 absolute points, representing a decline of 0.31%, to close at 31,042.32 points. Similarly, Market Capitalization lost N36.19 billion representing a decrease of 0.31%, to close at N11.58trillion.
REDSTAREX emerged the top gainer while ACADEMY emerged as the top loser.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; ACCESS (-6.57%), NEM (-5.56%), DANGFLOUR (-4.31%), CCNN (-4.31%), OANDO (-3.45%), ZENITHBANK (-2.49%), MOBIL (-1.76%), FCMB (-1.02%), TRANSCORP (-0.79%), DANGCEM (-0.63%), FBNH (-0.61%), and NESTLE (-0.13%)
|CAP||N11,576,161,940,085.70||One Day (ASI CHG)||-0.31|
|Index||31,042.32||One Week (ASI CHG)||-0.27|
|Volume||168,721,911||One Month (ASI CHG)||-5.07|
|Value||N3,751,627,631.68||Six Months (ASI CHG)||-6.26|
|Deals||3,048||52 Weeks (ASI CHG)||-25.15|
The Naira at the inter-bank rate closed at N306.95 representing a 0.02% depreciation against Friday’s closing position.
The Investors and Exporters (I&E) FX window opened at N360.68, traded high at N363.50 and eventually closed at N360.39, representing a 0.01% appreciation against Friday’s closing position. A total of $231.34 million was transacted through the I&E window today.
Overnight(O/N) rate closed at 24.43%, representing a 9.60% appreciation against Friday’s closing position, while Open Buy-Back (OBB) rate also closed at 22.43%, representing a 8.18% appreciation against Friday’s closing position.
|Note: BPS=> Basis Points|
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