Sell pressure persist on local bourse as ASI dip further by 1.85%
The Nigeria equity market today extend its bearish sentiment to a third successive session. Today’s bearish run was driven by selloff on Banking, Industrial Goods and Insurance sectors while Oil & Gas and Consumer goods sectors posted marginal gains. Market breadth closed negative, recording 8 gainers against 26 losers.
NSE Trading Floor
The All Share Index (ASI) shed 558.04 absolute points, representing a dip of 1.85%, to close at 29,668.73 points. Similarly, Market Capitalization decreased by N209.60 billion representing a decline of 1.85%, to close at N11.14 trillion.
NB emerged the top gainer while CHIPLC & ACCESS emerged as the top losers.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; ACCESS (-10.00%), CCNN (-9.75%), ETERNA (-9.38%), UBA (-8.03%), FCMB (-7.89%), FBNH (-6.96%), DANGFLOUR (-5.56%) DANGSUGAR (-5.33%), WEMABANK (-5.19%), ZENITHBANK (-4.23%), GUARANTY (-2.78%), DANGCEM (-1.55%) and UACN (-0.65%).
|CAP||N11,143,799,255,823.19||One Day (ASI CHG)||-1.85|
|Index||29,668.73||One Week (ASI CHG)||-3.76|
|Volume||542,579,945||One Month (ASI CHG)||-6.78|
|Value||N5,662,757,500.14||Six Months (ASI CHG)||-8.58|
|Deals||4,146||52 Weeks (ASI CHG)||-27.38|
The Naira at the inter-bank rate remain unchanged to closed at N307.00 against yesterday’s closing position.
The Investors and Exporters (I&E) FX window opened at N360.53, traded high at N361.50 and eventually closed at N360.55, representing a 0.07% depreciation against yesterday’s closing position. A total of $405.12 million was transacted through the I&E window today.
Overnight(O/N) rate closed at 17.50%, representing an 0.07% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate also closed at 16.71%, representing an 0.14% appreciation against yesterday’s closing position..
|Note: BPS=> Basis Points|
Top 7 Gainers
Top 7 Losers
Top 7 Traders By Volume
Top 7 Traders By Value