Sell-Off in 4 out of 5 Sectors Put The ASI in 0.21% Loss
Activities in the Nigerian equities market today experienced sell-off from four sectors as the consumer goods emerged as the only gainer. Market breadth closed negative, recording 17 gainers and 21 losers.
NSE Trading Floor
In summary, the All Share Index (ASI) was down by 63.73 absolute points, representing a decrease of 0.21%, closing at 30,609.06 points. Similarly, Market Capitalization decreased by N23.27 billion representing a dip of 0.21%, closing at N11.18 trillion.
DIAMONDBANK emerged the top gainer while FORTE OIL emerged the top loser.
The downturn was impacted by loses recorded in medium and large capitalized stocks, amongst which are; WEMABANK (-8.47%), FIDELITY (-3.05%), OANDO (-3.03%), GUARANTY (-2.71%), FBNH (-2.68%), UNILEVER (-2.19%), HONYFLOUR (-0.90%), and ZENITHBANK (-0.43%).
|CAP||N11,180,525,890,646.87||One Day (ASI CHG)||-0.21|
|Index||30,609.06||One Week (ASI CHG)||-0.02|
|Volume||214,961,742||One Month (ASI CHG)||-4.52|
|Value||N1,732,277,871.87||Six Months (ASI CHG)||-21.37|
|Deals||2,975||52 Weeks (ASI CHG)||-21.37|
The Naira at the inter-bank rate closed at N306.95 representing 0.02% depreciation against Friday’s closing price
The Investors and Exporters (I&E) FX window opened at N364.67, traded high at N366.00 and eventually closed at N365.18, representing a 0.01% appreciation against Friday’s closing price. A total of $498.14 million was transacted through the I&E window today.
Overnight(O/N) rate closed at 38.58%,representing a 11.37% appreciation against Friday’s closing position, while OpenBuy-Back (OBB) rate also closed at 36.67%representing a 12.10% appreciation against Friday’s closing position.
|Note: BPS=> Basis Points|
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