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Business > Capital Market
NSE index up 0.22%, as Int Breweries, FBNH, Access Bank, UBA, Zenith Bank lift growth
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By Staff Reporter
November 23, 2017 14:05:56pm GMT      |      Views: 269
Nigerian Stock Exchange

WorldStage Newsonline-- The Nigerian Stock Exchange All Share Index (NSE ASI) appreciated by 0.22% to close at 36,688.75 points compared with the marginal appreciation of 0.02% recorded yesterday

The appreciation recorded in the share prices of International Breweries, FBNH, Access Bank, UBA, and Zenith Bank was mainly responsible for the gain recorded in the Index

Year-to-date, the index appreciated by 36.52%

Similarly, the Market Capitalization appreciated today by 0.22% to close at N12.77trn, compared with the appreciation of 0.06% recorded yesterday  to close at N12.75trn

The total value of stocks traded on the floors of The NSE was N6.45bn, up by 15.94% from N5.56bn recorded yesterday

The total volume of stocks traded was 513.80mn in 4,243 deals

The three most actively traded stocks were: UBA (116.63mn), Access Bank (98.33mn) and Zenith Bank (90.28mn)

The most actively traded sectors were: Financial Services (417.78mn), Services (45.43mn), and Conglomerates (22.48mn). 

MONEY AND FIXED INCOME SECURITIES MARKET

The 30-Day, 90-Day and 180-Day NIBOR decreased to 17.73%, 19.51% and 21.95% respectively

The discount rates on the Nigerian Treasury Bills (NTBs) depreciated further today by an average of about 10 basis points across most of the maturities traded in the 2-way-quote market

In the Bond market, there was minimal trading activity in reaction to the results of the Bond auction held yesterday. However, there was some selling interest on the March 2027 Bond at yields above the auction stop rate.

FOREIGN EXCHANGE MARKET

Activity at the interbank foreign exchange market remained low, with quotes ranging between N305.35/US$ and N306.35/US$

The foreign exchange rate at the interbank market opened at N305.35/305.85 and closed at N305.85/306.35, with a high of N305.85/306.35 and a low of N305.35/305.85 to the US$.

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