NSE index drops 0.52% with Tantalizers, Fidelity Bank, FCMB most traded

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The Nigerian Stock Exchange All Share Index (NSE ASI) depreciated by 0.52% to close at 36,600.07 points compared with the appreciation of 0.24% recorded yesterday

The depreciation recorded in the share prices of FBN Holdings, Nigerian Breweries, PZ Cussons, GT Bank, and Zenith Bank was mainly responsible for the loss recorded in the Index

Year-to-date, the index appreciated by 36.19%

Similarly, the Market Capitalization depreciated today by 0.52% to close at N12.74trn, compared with the appreciation of 0.24% recorded yesterday  to close at N12.81trn

The total value of stocks traded on the floors of The NSE was N3.29bn, up by 34.33% from N2.45bn recorded yesterday

The total volume of stocks traded was 257.92mn in 3,423 deals

The three most actively traded stocks were: Tantalizers (43.81mn), Fidelity Bank (35.38mn) and  FCMB  (29.73mn)

The most actively traded sectors were: Financial Services (158.85mn), Services (49.52mn), and Consumer Goods (36.44mn).

MONEY AND FIXED INCOME SECURITIES MARKET

The 30-Day, 90-Day and 180-Day NIBOR increased to 17.99%, 19.93% and 22.28%  respectively

The discount rates on the Nigerian Treasury Bills (NTBs) depreciated today by an average of about 7 basis points across most of the maturities traded in the 2-way-quote market

Activity in the Bond market was primarily on the July 2021, March 2027 and April 2037 bonds. The buying interest continued as prices closed an average of 50 kobo higher than opening levels.

Foreign Exchange Market

Activity at the interbank foreign exchange market remained low, with quotes ranging between N305.40/US$ and N306.40/US$

The foreign exchange rate at the interbank market opened at N305.40/305.90 and closed at N305.90/306.40, with a high of N305.90/306.40 and a low of N305.40/305.90 to the US$.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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