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Daily Market Wrap
Equities: Banking bellwethers hovering around support
NSE All-Share Index declines by 13bps
Nigerian equities opened the week on a tepid note with the NSE All-Share Index edging lower by 0.13% to close at 42,357.90 points. Sustained sell-offs for banking and consumer goods tickers suppressed broad market performance. For specifics, NESTLE declined by 3.65% while FLOURMILL and NNFM edged lower by 3.17% and 0.93% respectively. On the banking counter, FBNH lost 1.32% while ACCESS and UBN slipped by 1.61% and 0.82% apiece. On the flip side, UACN (-7.19%), INTBREW (-6.67%), and CADBURY (-4.55%) dropped points to close in the reds.
| Indicators | Current | Change (%) | YTD | |
|---|---|---|---|---|
| All-Share Index | 42,357.90 | -0.13% | 5.18% | |
| Volume(millions) | 586.81 | -12.40% | 13.48 bn units | |
| Value(₦ ‘b) | 6.02 | -8.61% | ₦110.64 billion | |
| Market Cap.(₦ ‘tr) | 22.16 | -0.13% | 5.23% |
Updated:Thu, 4th February, 2021 10:38am
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