MON JAN 13 2025-theGBJournal| The naira fell by 0.4% to N1,548.89 against the U.S dollar on Monday at the Nigerian Autonomous Foreign Exchange Market (NAFEM), as FX demand increases further.
The naira traded last 0.6% down to N1,543.03 against the dollar despite the intervention from the CBN, selling c.USD50.00 million to authorized dealers.
On the stock market, profit-taking activities in TRANSCORP (-3.9%) and sell pressures on FBNH (-5.6%) drove the NGX All-Share Index lower by 0.1% to 105,367.25 points.
The Year-to-Date return printed +2.4% at close of trading.
The total volume of trades declined by 65.9% to 505.80 million units, valued at N8.13 billion, and exchanged in 14,259 deals.
TANTALIZER was the most traded stock by volume at 48.00 million units, while GTCO was the most traded stock by value at N1.42 billion.
On sectors, the Insurance (-2.7%), Banking (-0.4%) and Consumer Goods (-0.2%) indices declined, while the Oil & Gas (+0.3%) index advanced. The Industrial Goods index remained unchanged.
As measured by market breadth, market sentiment was negative (0.7x), as 33 tickers lost relative to 24 gainers.
LASACO (-10.0%) and NNFM (-10.0%) posted the most significant losses of the day, while CAP (+10.0%) and NEIMETH (+10.0%) topped the gainers’ list.
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