Marginal Decline In The Stock Market, NSE ASI Sheds 77 Points

Must Read

Burger King Announces Grand Entry In To Nigerian Market, Promises First Restaurant In August 2021

Allied Food and Confectionary Services Limited announced exciting plans to launch and grow the Burger King® brand in Nigeria,...

List of First Bank of Nigeria Sort Codes in Nigeria

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

List of United Bank for Africa (UBA) 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 held. The sort...
- Advertisement -

The Stock Market declined by 0.20% at the close of today’s trading session. At 39,216.20 points, the market is down by 2.62% from year to date. The market capitalization reduced by the same magnitude from ₦20.56tn to ₦20.52tn.

The Consumer Goods sector advanced by 0.51%, following price gains in stocks like GUINNESS (9.89%). The Industrial and Banking sectors also grew today by 0.08% and 0.48% respectively. There were losses in the Insurance sector on the back of price drops in stocks like WAPIC (-7.27%) and AFRINSURE (-4.76%); as well as in the Oil and Gas sector which declined by 0.20%.

The market breadth fell from 1.92x. to 1.54x, signaling a less positive investor sentiment in today’s market.  The volume and the value of trades in the market moved in different directions: the volumes grew by 9.37%, while the value declined by 26.21%, as investors traded a total of 250.32 million units of shares valued at ₦2.79bn in 3,746 deals.

Marginal Decline In The Stock Market, NSE ASI Sheds 77 Points - Brand Spur

- Advertisement -

Fixed Income Market

The bond market saw a lot of activity today in both directions. The FGN-APR-2024 bond yield compressed by 46bps to 7.51%, while the FGN-FEB-2028 increased by 37bps to 10.50%. Most longer-term bonds saw their yields increase, for instance, the FGN-APR-2037 increased by 11bps to 11.57%

Read Also:  Traders' Voice: Lagos Traffic At Sea

Treasury bill yields remained stable for the 91-day, 180-day, and 365-day instruments at 2.80%, 4.62%, and 6.65%

Market Snapshot

  • Marginal Decline in the Stock Market, NSE ASI sheds 77 Points
  • Mixed Activity Along the Yield Curve, Long Term Bond Yields Sustain Rise
  • Dow Rises Amid Data Showing Subdued Inflation
  • Brent Crude Maintains Steady Rise, Closes at $64.70 Per Barrel
  • Parallel Market Exchange Rate Moves from ₦486/$ to ₦485/$
- Advertisement -
Marginal Decline In The Stock Market, NSE ASI Sheds 77 Points - Brand SpurMarginal Decline In The Stock Market, NSE ASI Sheds 77 Points - Brand Spur
- Advertisement -

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.

Marginal Decline In The Stock Market, NSE ASI Sheds 77 Points - Brand SpurMarginal Decline In The Stock Market, NSE ASI Sheds 77 Points - Brand Spur

Latest News

Sony Music Africa Set To Empower Upcoming Female Artistes

Sony Music Africa has partnered with a not-for-profit pan-African women empowerment platform, The Women of Music Business (WOMB), to...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Marginal Decline In The Stock Market, NSE ASI Sheds 77 Points - Brand SpurMarginal Decline In The Stock Market, NSE ASI Sheds 77 Points - Brand Spur