Sign up to get our Insights delivered to your inbox
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.
|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
Updated: Wed, 3rd July, 2019 at 7:30am
Interested in joining us?
Whether you are just starting out or looking to take that next step in your career, Coronation Merchant Bank offers you an opportunity to make meaningful impact and achieve your ambitions. Do you have what it takes?