Nigeria’s equity market advanced further today as the share price of Dangote Cement helped sustain an upward trend in the market. Consequently, The Nigerian Stock Exchange All Share Index (NSE ASI) appreciated by 0.52% to close at 37,312.28 points compared with the appreciation of 0.19% recorded last Friday
Other stocks that recorded appreciation in their share prices were Forte Oil, FCMB Group, Okomu Oil, and NASCON
Year-to-date, the Index appreciated by 38.84%
Similarly, the Market Capitalization appreciated today by 0.52% to close at N12.91trn, compared with the appreciation of 0.19% recorded last Friday to close at N12.85trn
The total value of stocks traded on the floors of The NSE was N30.02bn, up by 1,034.65% from N2.65bn recorded last Friday
Dangote Cement accounted for 90.2% of the value traded in the market today
The total volume of stocks traded was 336.33mn in 3,778 deals
The three most actively traded stocks were: Dangote Cement (128.92mn), FBN Holdings (77.56mn) and Fidelity Bank (15.90mn)
The most actively traded sectors were: Financial Services (154.70mn), Industrial Goods (132.93mn), and Consumer Goods (21.57mn).
MONEY AND FIXED INCOME SECURITIES MARKET
The 30-Day, 90-Day and 180-Day NIBOR decreased to 18.64%, 20.49% and 22.56% respectively
The discount rates on the Nigerian Treasury Bills (NTBs) depreciated slightly today by an average of about 1 basis point across most of the maturities traded in the 2-way-quote market.
The Bond market opened today with some demand on the March 2024 and March 2027 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$.