Activities on the Nigerian Bourse Market today (Wednesday) closed on a positive note to halt the four consecutive days of bearish run, as market performance indices (NSE-ASI and Market Cap) grew marginally by 0.02%.
The performance was driven by investors renewed posItive sentiments in blue-chip stocks like NESTLE, MTNN, STANBIC, FLOUR MILLS and 9 others. However, the market breadth closed negatively, recording 26 losers against 13 gainers.

In summary, the All-Share Index (ASI) grew by 7.12 absolute points, representing an increase of 0.02% to close at 38,774.03 points. While the overall Market Capitalization value gained N3.87billion, representing a growth of 0.02% to close at N20.29 trillion.

STERLING BANK emerged as the top loser (by percentage points) for today, with a price depreciation of -9.47%, while JAIZBANK emerged as the top gainer (by percentage points) with a maximum price appreciation of +10.00%.

Today’s market gain was driven by price appreciation in large and medium capitalized stocks amongst which are; INITSPLC (+9.52%), ROYALEX (+8.33%), JAPAULGOLD (+8.16%), CHIPLC (+6.90%), FLOURMILLS (+6.90%), LINKASSURE (6.33%), NESTLE (+3.27%), STANBIC (+3.14%), AFRIPRUD (+2.86%), WEMABANK (+1.69%), and MTNN (+1.12).

FOREIGN EXCHANGE
The Naira at the official rate remains unchanged to close at N379.00/$1 as against last Thursday’s position.

The Investors and Exporters (I&E) FX window opened at N409.74 traded high at N419.30 and eventually closed at N411, representing 0.12% depreciation against Tuesday’s position. Also, a total of $40.80 million was transacted through the I&E window today.

MONEY MARKET
Overnight(O/N) rate closed at 13.50%, representing a 0.25% depreciation against last Thursday’s position, while Open Buy-Back (OBB) rate closed at 12.67%, representing a 0.83% depreciation as against yesterday’s position.

SOURCE:https://brandspurng.com/2021/04/08/nestle-mtn-nigeria-pushes-nse-asi-up-by-0-02/

Mtn still got us, as other networks can't deliver. Nestle keep getting money on their diversified marketing strategies, they give us good milk and other good quality products.