EQUITY MARKET SUMMARY: DANGOTE CEMENT, ZENITH BANK & 28 OTHERS DRAG MARKET TO 0.90% LOSS.

Must Read

15 Wool Braid Hairstyles You Should Try

Wool braid hairstyles have been popular for years and show no signs of slowing down. Wool braids allow you...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is...
EQUITY MARKET SUMMARY: DANGOTE CEMENT, ZENITH BANK & 28 OTHERS DRAG MARKET TO 0.90% LOSS.EQUITY MARKET SUMMARY: DANGOTE CEMENT, ZENITH BANK & 28 OTHERS DRAG MARKET TO 0.90% LOSS.

The equity market closed negative today as Dangote Cement, Zenith Bank and 28 other dragged the market to shed 0.90%. Market breadth closed negative, recording 13 gainers against 30 losers.

In summary, the All Share Index (ASI) decreased by 341.80 absolute points, representing a dip of 0.90% to close at 37,605.12 points. Similarly, the market capitalization was down by N123.81 billion, representing a dip of 0.90% to close at N13.22 trillion.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; FIDELITY (-5.91%), CADBURY (-5.38%), HONEYFLOUR (-5.31%), MOBIL (-4.95%), NESTLE (-4.13%), WAPCO (-3.66%), DANGSUGAR (-2.63%), ZENITH (-2.44%), OANDO (-2.27%), FO  (-2.19%), UBA (-1.52%), GUARANTY (-1.00%), DANGFLOUR (-0.99) and DANGCEM (-0.58%).

MARKET STATISTICS

CAP N13,622,475,697,344.11 One Day (ASI CHG) -0.90      
Index 37,605.12 One Week (ASI CHG) -1.01
Volume 257,389,294 One Month (ASI CHG) -0.66
Value N2,647,761,087.08 Six Month (ASI CHG) -1.72
Deals 3,932 52 Weeks (ASI CHG) +16.03
Gainers 13 Losers 30
Unchanged 69 Total 112
YTD:    -1.67
- Advertisement -

FOREIGN EXCHANGE

The Naira at the inter-bank closed at N305.70, representing a 0.02% appreciation against yesterday’s closing price.  

The Investors and Exporters (I&E) FX window opened at N361.40, traded high at N363.00 and eventually closed at N361.28, representing a 0.03% appreciation against yesterday’s closing price. A total of $198.30 million was transacted through the I&E window today.

We expect the FX Market to trade within existing range in the next session.

Read Also:  Zenith Bank begins Verve Card Issuance to Customers
- Advertisement -

MONEY MARKET 

O/N rate closed at 20.08%, representing a 12.42% depreciation against yesterday’s closing position, while OBB rate closed at 19.33% representing a 10.67% depreciation against yesterday’s closing position.

We expect the Money Market to trade within existing range in the next session.

FIXED INCOME

SECURITIES Prev. Close Close Change
BOND 675.61 678.3 +3
T.BILLS 424.56 421.46 -3

Note: BPS => Basis Points

- Advertisement -
EQUITY MARKET SUMMARY: DANGOTE CEMENT, ZENITH BANK & 28 OTHERS DRAG MARKET TO 0.90% LOSS.EQUITY MARKET SUMMARY: DANGOTE CEMENT, ZENITH BANK & 28 OTHERS DRAG MARKET TO 0.90% LOSS.

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

EQUITY MARKET SUMMARY: DANGOTE CEMENT, ZENITH BANK & 28 OTHERS DRAG MARKET TO 0.90% LOSS.EQUITY MARKET SUMMARY: DANGOTE CEMENT, ZENITH BANK & 28 OTHERS DRAG MARKET TO 0.90% LOSS.

Latest News

Jaiz Bank Boosts SMES Through FOREX

Jaiz Bank Plc, the premier non-interest bank in Nigeria has resumed selling of foreign exchange to operators of Small...

LASG Begins Periodic Fumigation of Ministries and Agencies

As part of continuing measures to control the spread of Coronavirus, the Lagos State Government has commenced the periodic disinfection of its Ministries, Departments...

EQUITIES MARKET: NSE ASI Rises Marginally by 0.25% as the Rally in Crude Oil Prices Slows

In the just concluded week, the Lagos bourse revved, howbeit mildly, to close in green territory as rally in crude oil prices market slowed....

Oil Prices Slide As U.S.-China Tensions Spike – Report

OilPrice.com Oil prices have held onto the gains from the last few weeks, but the recent rally seems to have stalled as demand shows signs...

CBN approves relief on OFI loans

The Central Bank of Nigeria has approved moratoriums on CBN facilities managed by Other Financial Institutions (OFIs). It reduced the interest rates on these...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -EQUITY MARKET SUMMARY: DANGOTE CEMENT, ZENITH BANK & 28 OTHERS DRAG MARKET TO 0.90% LOSS.EQUITY MARKET SUMMARY: DANGOTE CEMENT, ZENITH BANK & 28 OTHERS DRAG MARKET TO 0.90% LOSS.