The Equity market today closed higher, rising by 0.34% to halt a previous losing streak of three consecutive trading sessions. All sectors with exception of the insurance sector recorded gains which consequently drove the market to its positive performance. Market breadth closed at par, recording 19 gainers and 19 losers.
The All Share Index (ASI) gained 108.54 absolute points, representing an increase of 0.34%, to close at 31,827.24points. Similarly, Market Capitalization grew by N40.48 billion representing a growth of 0.34%, to close at N11.87 trillion.
CILEASING emerged the top gainer while NPFMCRFBK emerged as the top loser.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; UCAP (+5.35%), TOTAL (+5.26%), WEMABANK (+4.05%), ACCESS (+3.51%), HONYFLOUR (+3.05%), NESTLE (+2.72%), DIAMONDBANK(+2.21%), UBA (+2.01%), FBNH (+1.31%), DANGCEM (+0.67%), NB (+0.63%), GUARANTY (+0.42%), ZENITHBANK (+0.21%), and STANBIC (+0.11%).
|CAP||N11,868,869,903,544.65||One Day (ASI CHG)||+0.34|
|Index||31,827.24||One Week (ASI CHG)||-2.12|
|Volume||341,954,379||One Month (ASI CHG)||+1.54|
|Value||N3,751,553,346.40||Six Months (ASI CHG)||-10.39|
|Deals||4,513||52 Weeks (ASI CHG)||-26.55|
The Naira at the inter-bank rate remains unchanged to closed at N306.85 against yesterday’s closing price.
The Investors and Exporters (I&E) FX window opened at N361.71, traded high at N364.00 and eventually closed at N361.33, to represent a 0.01% depreciation against yesterday’s closing price. A total of $377.93 million was transacted through the I&E window today.
Overnight(O/N) rate closed at 17.42%, representing a 3.17%appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate also closed at 16.33%, representing a 3.17% appreciation against yesterday’s closing position.
|Note: BPS=> Basis Points|
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