Equities market remains flat as nationwide protest continues

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The All Share Index (ASI) closed at 28,344.04 while market capitalization lost N151m to close at 14.82 trillion with a slight increase in volume and value of transactions.

Sector performance was bearish as 3 sectors under coverage closed negative. Banking, insurance and oil and gas indices declined by 0.74%, 0.45% and 0.29% as a result of loss in the shares of GUARANTY (-1.67%) and  (AIICO (-3.70%). Conversely, Consumer Goods and Industrial indices advanced by 0.40% and 0.30% on the back of bargain hunting in GUINNESS (+3.23%) and WAPCO (+5.00%).

Equities market remains flat as nationwide protest continues Brandspurng1
Photo by Tobi Oshinnaike

Bond market continued on a positive note as average yield compressed across different maturities. The yield on mid and long-dated maturities declined by 0.12% and 0.17% respectively.

Equities market remains flat as nationwide protest continues Brandspurng
Equities market remains flat as nationwide protest continues Brandspurng

Market Snapshot

  • Equities market closed flat for 3 consecutive trading session
  • Headline Inflation Ticked up by 49 bps to 13.71% in September
  • Bonds market traded on a positive note across short and long-dated maturities
  • Stocks drop in the global market with virus spikes threatening growth
  • Naira gains in the I&E window with stability in the parallel market
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Equities market remains flat as nationwide protest continues - Brand SpurEquities market remains flat as nationwide protest continues - Brand Spur

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Equities market remains flat as nationwide protest continues - Brand SpurEquities market remains flat as nationwide protest continues - Brand Spur

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