Sell pressure in DANGCEM, 12 others drag Nigerian stock lower, sheds 2.02%
The Nigerian equity market today (Monday), began the week on a negative note, with a dip of 2.02%, sustaining previous negative sentiment, following sell-off in DANGCEM & 12 others. However, the market breadth closed positively, recording 21 gainers as against 13 losers.
NSE Trading Floor
In summary, the All-Share Index (ASI) decreased by 425.24 absolute points, representing a dip of 2.02% to close at 20,669.38 points. Similarly, the overall Market Capitalization size shed N221.61 billion, representing dip of 2.02% to close at N10.77 trillion.
ACCESS emerged as the top gainers while CUTIX, LEARNAFRICA & NAHCO emerged as the top losers.
The downturn was impacted by loses recorded in large and medium capitalized stocks, amongst which are; SEPLAT (-9.99%), DANGCEM (-6.40%), UCAP (-3.67%), TRANSCORP (-3.17%) and STANBIC (-0.21%).
|CAP||N10,771,910,801,102.56||One Day (ASI CHG)||-2.02%|
|Index||20,669.38||One Week (ASI CHG)||-2.96%|
|Volume||336,430,494.00||One Month (ASI CHG)||-15.25%|
|Value||N4,127,609,403.58||Six Months (ASI CHG)||-22.90%|
|Deals||4,184.00||52 Weeks (ASI CHG)||-29.11%|
The Naira at the official window on Monday closed unchanged at 361.00/$1, against Friday’s position.
The Investors and Exporters (I&E) FX window opened at N388.11, traded high at N401.45 and eventually closed at N383.00, unchanged against Friday’s closing position. A total of $74.51 million was transacted through the I&E window today.
Overnight(O/N) rate closed at 4.80%, representing a 2.20% appreciation against Friday’s closing position, while Open Buy-Back (OBB) rate closed at 4.50%, representing 2.30% appreciation against Friday’s position.
|Note: BPS=> Basis Points|
NASD OTC MARKET
The NASD OTC market on Monday closed higher as the Unlisted Securities Index (USI) closed at 694.75, representing a 0.29% increase against Friday’s closing position. Similarly, Market Capitalization closed higher at N510.34 billion, representing a 0.29% increase against Friday’s position. Consequently, the aggregate volume and value increased by 200.86% and 200.52%, as investors traded a total of 1,050,000 volume of shares, valued at N13.11 million in 3 deals.
Top 6 Gainers
Top 7 Losers
Top 7 Traders By Volume
Top 7 Traders By Value