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%).
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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