Daily Market Report 24th April 2024. | InfoWARE Finance
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Daily Market Report 24th April 2024.
(Source: Arthur Stevens Asset Management , Date: 24-Apr-2024)
MARKET REVIEW
The Nigerian Equity Market dipped in red in today's trading session. This led to a 1.20% decline in the All-Share Index contributing to a year-to-date return of 31.22%. The bearish outings were a result of sell-offs which reduced the market capitalization to settle at #55.49trn. Market Breadth which is the measure of investors' sentiment was 0.11x compared to the previous day market breadth of 0.64x.
GAINERS & LOSERS, VOLUME&VALUE DRIVERS, COMMODITIES RATES
The total number of gainers were 21, chiefly led by stocks of NEIMETH, SUNUASSUR and TIP with 10.00%, 10.00%, and 10.00%, gains each. Whereas, the number of losers stood at 19 led by MTNN, TRANSCOHOT and OANDO with -10.00%, -10.00%, and -9.90%, loss independently. The Volume and Value drivers of the day's market trend were led by stocks of GTCO, ZENITHBANK and UBA etc.
Transaction Volume for the day recorded 395.75 million, compared to the previous day volume of 574.43 million trades valued at ₦9.57billion from the 7,907 deals executed. The number of stocks engaged at the end of today's trading session closed at 120.
At the time of writing this report, Brent Crude was trading at $88.16/barrel, WTI at $82.96/barrel, OPECBASKET was trading at $86.52/barrel while Gold was trading at $2,320.85/ounce on the international Commodities Market. The U.S Dollar Index which is a measure of the value of the U.S. dollar relative to a basket of foreign currencies closed at 105.69 index points.
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