Sell-Off Persist on local bourse as ASI dips further by 0.67%
The Nigeria equity market today extend it bearish run to a third consecutive session as sell pressure in four of the five sectors erodes N78.74bn from the market capitalization. Consequently, market breadth closed negative, recording 11 gainers and 19 losers.
NSE Trading Floor
The All Share Index (ASI) dipped by 209.41 absolute points, representing a decline of 0.67%, to close at 30,829.45 points. Similarly, Market Capitalization shed N78.74 billion representing a decrease of 0.67%, to close at N11.59trillion.
UNIONDAC emerged the top gainer while NEM emerged as the top loser.
The downtrend was impacted by losses recorded in medium and large capitalized stocks, amongst which are; STANBIC (-5.15%), FLOURMILL (-5.01%), DANGFLOUR (-3.93%), GUARANTY (-3.74%), WEMABANK (-2.67%), FBNH (-2.42%), PZ (-1.96%), SEPLAT (-1.82%), ACCESS (-0.78%), and STERLNBANK (-0.42%).
|CAP||N11,592,394,770,150.35||One Day (ASI CHG)||-0.67|
|Index||30,829.45||One Week (ASI CHG)||-0.68|
|Volume||131,430,329||One Month (ASI CHG)||-4.39|
|Value||N1,403,209,301.86||Six Months (ASI CHG)||-5.90|
|Deals||2,786||52 Weeks (ASI CHG)||-25.25|
The Naira at the inter-bank rate remain unchanged to closed at N306.95 against yesterday’s closing position.
The Investors and Exporters (I&E) FX window opened at N360.31, traded high at N361.50 and eventually closed at N360.68, representing a 0.12% depreciation against yesterday’s closing position. A total of $307.05 million was transacted through the I&E window today.
Overnight(O/N) rate closed at 15.50%, representing a 1.79% depreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate also closed at 15.14%, representing a 1.29% depreciation against yesterday’s closing position.
|Note: BPS=> Basis Points|
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