Transactions on the Nigerian Equity market closed for today (Tuesday) on a positive trajectory as the market recovers by N29 billion. The positive performance was buoyed by investors’ buying interest on recently depreciated medium and large-scale stocks.
Consequently, the market indicators (NGX-ASI) increased by 0.15%. Furthermore, the market breadth closed positively, recording 28 gainers as against 13 losers.

In summary, the All-Share Index (ASI) grew by 55.50 absolute points, representing an increase of 0.15% to close at 37,640.75 points. Similarly, the overall Market Capitalization value gained N28.93 billion, representing a surge of 0.15% to close at N19.62 trillion.

IKEJA HOTEL and LINKASSURE emerged as the joint-top gainer (by percentage points) for today, with a maximum price appreciation of +10.00 while BOCGAS emerged as a top loser (by percentage points) with a maximum price depreciation of -5.17%.

Today’s market upturn was driven by price appreciation in large and medium capitalized stocks amongst which are; CADBURY (+9.62%), HONYFLOUR (+9.46%) FCMB (+8.06%), ROYALEX (+5.17%) OKOMUOIL (+4.27%), JAPAULGOLD(+4.17%), DANGSUGAR (+4.17%), UBN (+3.74%), TRANSCORP(+3.45%), OANDO (+3.09%), STERLNBANK (+2.55%), VITAFOAM (+2.05%), FBNH (+1.39%), AIICO (+0.96%), STANBIC (+0.50%), ZENITHBANK (+0.42%), and NB (+0.25%).

The overnight (O/N) rate closed at 17.25%, representing 2.00% depreciation against Monday’s position. while Open Buy-Back (OBB) rate closed at 16.75%, representing 1.75% depreciation against Monday’s position at N420.90, traded low at N400.00, and eventually closed at N410.83, representing 0.11% appreciation against Monday’s closing position. However, at the BDC, the naira remains unchanged at N500.00.

Nigeria’s foreign reserve weakened by $103.02 million to $33.42 billion on (28/06/2021) from $33.52 billion on (25/06/2021), representing a 0.31% decline.

The Brent crude increased by $0.31 to $74.81 on (24/06/2021) from $74.50 (23/06/2021), representing a 0.42% increase in price. While Bonny Light declined by $0.34 to $74.74 on (24/06/2021) from $75.08 on (23/06/2021)

SOURCE:https://brandspurng.com/2021/06/29/financial-consumer-good-sectors-ngx-asi/