The equities market of the Nigerian Stock Exchange (NSE) closed on Wednesday with N168 billion gain on market capitalisation.
The SEPLAT and Dangote Cement lead the gainers as the market capitalisation closed positive at N11.299tr after the market on Tuesday, halted a 9 straight days of positive postings.
The NSE All Share Index (ASI) appreciated by +1.5 per cent to close at 32,686.72 basis points, as against -1.1 per cent depreciation recorded previously. Its Year-to-Date (YTD) returns currently standsat +21.63 per cent.
Market breadth closed negative as INTBREW led 26 Gainers against 27 Losers topped by FBNH at the end of today’s session-an unimproved performance when compared with previous outlook.
Market turnover closes negative as volume moved down by -33.00 per cent against +16.33 per cent uptick recorded in the previous session.
The Nigerian Autonomous Foreign Exchange Rate Fixing (NAFEX) mechanism, commonly referred to as the ‘Investors and Exporters’ FX Window’ appears to be boosting FC supply and the flow of Foreign Currency liquidity into the banking system.