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NSE index up 1.85% with Wapic, Dangote Sugar, Fidelity Bank most traded
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By Theo Adegoke
November 24, 2017 12:22:26pm GMT      |      Views: 240
Nigerian Stock Exchange

WorldStage Newsonline-- The Nigerian Stock Exchange All Share Index (NSE ASI) appreciated by 1.85% to close at 37,365.91 points compared with the appreciation of 0.22% recorded yesterday

The appreciation recorded in the share prices of International Breweries, Dangote Cement, ETI, UBA, and Nestle was mainly responsible for the gain recorded in the Index

Week-on-week, the Index appreciated by 1.80% while Year-to-date, it appreciated by 39.04%

Similarly, the Market Capitalization appreciated today by 1.85% to close at N13.01trn, compared with the appreciation of 0.22% recorded yesterday  to close at N12.77trn

The total value of stocks traded on the floors of The NSE was N5.04bn, down by 21.85% from N6.45bn recorded yesterday

The total volume of stocks traded was 870.57mn in 3,126 deals

The three most actively traded stocks were: Wapic Insurance (650.33mn), Dangote Sugar (46.99mn) and Fidelity Bank (22.73mn)

The most actively traded sectors were: Financial Services (754.91mn), Consumer Goods (86.18mn), and Conglomerates (22.86mn). 

 MONEY AND FIXED INCOME SECURITIES MARKET

The 30-Day, 90-Day and 180-Day NIBOR increased to 17.99%, 19.84% and 22.18% 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

Activity in the Bond market was minimal with a few trades executed on the June 2019, February 2020, January 2026 and March 2027 bonds.

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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