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NSE index drops 0.96% with FBN Holdings, Diamond Bank, Stanbic IBTC most traded
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By Staff Reporter
November 14, 2017 14:07:13pm GMT      |      Views: 218
Nigerian Stock Exchange

WorldStage Newsonline-- The equity market reversed previous gains as The Nigerian Stock Exchange All Share Index (NSE ASI) depreciated by 0.96% to close at 36,953.41 points compared with the appreciation of 0.52% recorded yesterday

The depreciation recorded in the share prices of Lafarge Africa, Unilever, Zenith Bank, Dangote Cement, and FBN Holdings was mainly responsible for the loss recorded in the Index

Year-to-date, the Index appreciated by 37.50%

Similarly, the Market Capitalization depreciated today by 0.96% to close at N12.79trn, compared with the appreciation of 0.52% recorded yesterday to close at N12.91trn

The total value of stocks traded on the floors of The NSE was N3.42bn, down by 88.62% from N30.02bn recorded yesterday

The total volume of stocks traded was 238.36mn in 4,238 deals

The three most actively traded stocks were:  FBN Holdings (75.80mn), Diamond Bank (33.81mn) and  Stanbic IBTC (14.41mn)

The most actively traded sectors were: Financial Services (183.92mn), Consumer Goods (14.60mn), and Conglomerates (14.03mn). 

MONEY AND FIXED INCOME SECURITIES MARKET

The 30-Day, 90-Day and 180-Day NIBOR decreased to 17.79%, 20.17% and 22.47% respectively

The discount rates on the Nigerian Treasury Bills (NTBs) depreciated today by an average of about 25 basis points across most of the maturities traded in the 2-way-quote market

In the Bond market, prices closed higher than opening levels, as there was continued demand across the curve especially on the March 2024, March 2027, March 2036 and April 2037 bonds.                                                                                        

FOREIGN EXCHANGE MARKET

Activity at the interbank foreign exchange market remained low, with quotes ranging between N305.50/US$ and N306.50/US$

The foreign exchange rate at the interbank market opened at N305.50/306.00 and closed at N306.00/306.50, with a high of N306.00/306.50 and a low of N305.50/306.00 to the US$.

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