GTI CAPITAL LAGOS – The equity market closed lower today, shedding 2.17% to extend downtrend to six straight sessions. Market breadth closed negative, recording 14 gainers against 25 losers.
In summary, the All Share Index (ASI) was down by 786.19 absolute points, representing a dip of 2.17%, closing at 35,446.47 points. Similarly, the Market Capitalization decreased by N287.03 billion, representing a dip of 2.17%, closing at N12.94 trillion.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; STERLNBANK (-8.05%), WAPCO (-6.35%), DANGCEM (-6.14%), ETI (-4.97%), FCMB (-4.02%), FLOURMIL; (-3.53%), DANGSUGAR (-3.13%), WEMABANK (-2.86%), DANGFLOUR (-1.20%), HONEYFLOUR (-0.59%) and FIDELITYBK (-0.55%).
|CAP||N12,941,176,541,248.48||One Day (ASI CHG)||-2.17|
|Index||35,446.47||One Week (ASI CHG)||-2.89|
|Volume||192,995,348||One Month (ASI CHG)||-5.28|
|Value||N2,032,790,659.39||Six Month (ASI CHG)||-17.81|
|Deals||3,025||52 Weeks (ASI CHG)||-7.20|
The Naira at the inter-bank rate closed unchanged at N306.00, against yesterday’s closing price.
The Investors and Exporters (I&E) FX window opened at N361.75, traded high at N363.50 and eventually closed at N362.00, representing a 0.05% appreciation against yesterday’s closing price. A total of $164.86 million was transacted through the I&E window today.
We expect the FX Market to trade within an existing range in the next session.
Overnight (O/N) rate closed at 9.25%, representing a 0.33% appreciation against yesterday’s closing position, while Open Buy-Back (OBB) rate closed at 8.42% representing a 0.42% appreciation against yesterday’s closing position.
We expect the Money Market to trade within an existing range in the next session.
|Note: BPS => Basis Points|