Home Business NGX All-Share Index falls 0.1 with sectors performance mixed, Naira bounces

NGX All-Share Index falls 0.1 with sectors performance mixed, Naira bounces

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Naira Vs Dollar
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On sectors, performance was mixed as the Consumer Goods (-0.9%), Banking (-0.5%) and Industrial Goods (-0.3%) indices declined, while the Insurance (+7.9%), and Oil & Gas (+0.1%) indices advanced.

As measured by market breadth, market sentiment was positive (2.4x), as 50 tickers gained relative to 21 losers.

CAVERTON (+10.0%) and FTNCOCOA (+10.0%) led the gainers, while THOMASWY (-10.0%) and UPDC (-7.9%) recorded the most significant losses of the day.

In today’s NASD session, the NASD Securities Index (NSI) and market capitalisation continued its downward trend, falling by 0.63%, closing at 3,591.9 points and N2.15trn, respectively.

Market activity was mixed, with the volume declining by 61.25%, while transaction value advanced by 715.52%.

SDIGIPLCB (+9.43%) topped the market gainers, while SDMIXREAL (-9.78%) led the market laggards.

Meanwhile, the naira bounced 1.4% at the official FX market with the currency exchanging at NGN1,523.42 to US dollar after days of stutter.

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