Selloff in Banking and Industrial Stocks Leads Equity Index to 0.78% Loss
The Equity Market closed lower on Wednesday, shedding 0.78% to reverse Monday’s gain. Market breadth closed negative, recording 10 gainers and 22 losers.
NSE Trading Floor
In summary, the All Share Index (ASI) was down by 252.45 absolute points, representing a decrease of 0.78%, closing at 31,969.79 points. Similarly, Market Capitalization decreased by N92.17 billion representing a dip of 0.78%, closing at N11.89 trillion.
MOBIL emerged the top gainer while UNITY BANK emerged the top loser.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; WAPCO (-6.25%), CADBURY (-3.66%), ETI (-3.13%), GUARANTY (-2.98%), HONYFLOUR (-2.88%), DANGCEM (-1.72%) CCNN (-1.36), DANGSUGAR (-0.77%), FBNH (-0.66%), ACCESS (-0.65) and ZENITHBANK (-0.41%).
|CAP||N11,671,441,021,351.54||One Day (ASI CHG)||-0.78|
|Index||31,969.79||One Week (ASI CHG)||-0.43|
|Volume||237,746,984||One Month (ASI CHG)||-2.65|
|Value||N3,503,007,036.93||Six Months (ASI CHG)||-20.92|
|Deals||3,359||52 Weeks (ASI CHG)||-12.65|
The Naira at the inter-bank rate remain unchanged to closed at N306.75 against Monday’s closing price.
The Investors and Exporters (I&E) FX window opened at N363.80, traded high at N364.75 and eventually closed at N364.26, representing a 0.16% depreciation against Monday’s closing price. A total of $129.06 million was transacted through the I&E window today.
Overnight (O/N) rate closed at 10.67%, representing a 0.17% depreciation against Monday’s closing position, while Open Buy-Back (OBB) rate also closed at 9.67% representing a 0.50% depreciation against Monday’s closing position.
|Note: BPS=> Basis Point|
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