Sell pressure drags Nigerian stocks down by 0.67%
Activities on the Nigerian bourse sustain previous negative sentiment by extending the downtrend to three consecutive trading sessions, following profit taking in big-name stocks. Consequently, the market breadth closed negative, recording 11 gainers against 18 losers.
NSE Trading Floor
In summary, the All-Share Index (ASI) decreased by 184.93 absolute points, representing a dip of 0.67% to close at 27,570.94 points. Similarly, the overall Market Capitalization size shed N96.31 billion, representing a dip of 0.67% to close at N14.36 trillion.
JAIZBANK emerged as the top gainer while LAWUNION emerged as top loser.
The downtrend was impacted by losses recorded in large and medium capitalized stocks, amongst which are; ETI (-8.57%), DANGSUGAR (-3.89%), GUARANTY (-3.01%), WAPCO (-2.58%), FIDELITYBK (-0.47%) and ZENITHBANK (-0.25%)
|CAP||N14,359,617,776,210.39||One Day (ASI CHG)||-0.67%|
|Index||27,570.94||One Week (ASI CHG)||-0.72%|
|Volume||134,612,472||One Month (ASI CHG)||-6.91%|
|Value||N1,583,741,596.98||Six Months (ASI CHG)||+1.68%|
|Deals||3,302||52 Weeks (ASI CHG)||-14.35%|
The Naira at the official window on Monday closed unchanged at 306.95/$1, against yesterday’s position.
The Investors and Exporters (I&E) FX window opened at N364.93, traded high at N365.75 and eventually closed at N364.95, representing a 0.05% depreciation as against Friday’s closing position. A total of $282.33 million was transacted through the I&E window today.
Overnight(O/N) rate closed at 3.50%, representing a 0.25% appreciation against Friday’s closing position, while Open Buy-Back (OBB) rate closed at 2.92%, representing 0.42% appreciation against Friday’s position.
|Note: BPS=> Basis Points|
NASD OTC MARKET
The NASD OTC market on Monday remained unchanged as the Unlisted Securities Index (USI) closed at 697.67, against Friday’s closing position. Similarly, Market Capitalization closed at N501.59 billion, unchanged against Friday’s position. However, the aggregate volume and value decreased by 97.45% and 98.41%, as investors traded a total of 20,353 volume of shares, valued at N2.58 million in 5 deals.
Top 7 Gainers
Top 7 Losers
Top 7 Traders By Volume
Top 7 Traders By Value