The Nigerian Bourse close faith as investors await third-quarter earnings. The All Share Index (ASI) closed at 28,659.45 while market capitalization lost N598.23 to close at N14.98 trillion.
Performance across sectors was mixed as 3 sectors under coverage closed positive. insurance, consumer goods and oil and gas indices advanced by 1.09%, 0.88% and 0.54% as a result of bargained hunting in the shares of AIICO (3.75%), GUINNESS (4.75%) and ARDOVA (5.8%). Conversely, Banking and Industrial indices declined by 0.34% and 0.14% on the back of negative sentiment ZENITHBANK (-2.55%) and WAPCO (-1.86%).
Positive sentiment in the bond market continues as the yield on longer-term maturities compressed by 0.32%. The average yield on mid-dated maturities also declined by 0.12%.
Market Snapshot
- Nigerian equities space closed flat as activity level declines
- Positive sentiment in the bond market persist as the yield on longer-term instruments compressed
- U.S. Stocks Fluctuate With Stimulus Talks Looming
- Oil Holds Steady Before OPEC+ Meets to Assess State of Market
- Naira depreciated against USD in the I&E window while maintaining stability in the parallel market.