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Home Business & Economy Equity market sustains uptrend with a gain of 0.76%
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Equity market sustains uptrend with a gain of 0.76%

By
Brand Spur
-
June 1, 2017
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    The Nigerian equity market on Wednesday gained 0.76%, extending the bullish run to six trading days in a row. Similarly, market breadth closed positive recording 31 gainers against 19 losers.
    In summary, the All Share Index (ASI) gained 221.72 absolute points, representing a growth of 0.76% to close at 29,498.31 points. Similarly, the Market Capitalization gained N76.64 billion, representing a growth of 0.76% to close at N10.20 trillion.
    The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; UNILEVER (+4.87%), DANGCEM (+4.73%),   NB (+2.40%), TOTAL (+1.92%),  ACCESS (+0.76%), NESTLE (+0.58%) and FBNH (+0.38%).

    MARKET STATISTICS- May 31, 2017           

    YTD:   +9.76%
    Cap (N) 10,197,729,667,498.41 One Day(ASI CHG)  +0.76%
    Index 29,498.31 One Week(ASI CHG)  +4.28%
    Volume 343,192,321 One Month(ASI CHG)  +14.52%
    Value (N) 3,338,701,460.15 Six Months(ASI CHG)  +14.73%
    Deals 4,905 52 Weeks(ASI CHG)  +0.65%
    Gainers 31 Losers 19
    Un-Changed 50 Total 100
    Also, find in the ‘link’ Corporate Benefits & Relevant Dates reported thus far in 2017.
     
    Foreign Exchange
    In the interbank market, the Naira traded within the band of N305.50 and N305.40 for extended period and eventually closed at N305.40, representing a flat close. The I&E FX window closed at 380.67, representing an appreciation of 0.12% against previous close.
    We expect the FX market to trade at its current range tomorrow.
    Money Market
    OBB and Overnight rates closed at an average of 11.67% and 12.33%, representing a marginal dip from yesterday’s position of 11.86% and 12.43% respectively. There were no auction today.
    We expect money market to trade in mixed zone tomorrow.
    GTICapital

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