Daily Market Wrap

Wednesday, 16 September 2020

EQUITIES

  • The All-Share Index fell 0.19% to 25,550.31, with market capitalization at 13.35 trillion naira.
  • The top 5 losers were Cadbury, WAPCO, NEM, Interbrew and Zenith Bank
  • Top gainers were Nigerian Breweries,  Berger Paints, Union Bank, Chemical & Allied Products and United Capital.
  • The top 5 trades were on FCMB, Access Bank, UBA, Zenith Bank and First Bank.

MONEY MARKET 

  • Overnight rates fell 1.2% to 4%; Open Buy Back rates were down 0.9% to 3.5%
  • NIBOR: Overnight rates down 3.48% to 5.1500, 1month rates rose 0.24% to 2.6602%, 3months gained 0.39% to 2.9804%, while 6months rose 0.44% to 3.2910%

FMDQ BOND YIELDS 

  • Index level: 602.65
  • 1day: 0.19%
  • Month-to-date: 2.34%
  • Quarter-to-date: 7.08%
  • Year-to-date: 25.25%

FOREX 

  • CBN Official rate: 379/$
  • Importers & Exporters Window: 386/$
  • Parallel Market: 465/$

Compiled by Charles Ogbonna