The Nigerian equity market on Monday gained 3.85% to extend bullrun to nine days in a row.This was on the back of enormous trading activity experienced in the market. Similarly, market breadth closed positive recording 44 gainers against 13 losers.
In summary, the All Share Index (ASI) gained 1206.75 absolute points, representing a growth of 3.85% to close at 32,578.38 points. Similarly, the Market Capitalization gained N417.18 billion, representing a growth of 3.85% to close at N11.26 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; MOBIL (+10.25%), FLOURMILLS (+10.19%), FBNH (+10.12%), DANGCEM (+8.85%), ACCESS (+5.82%), OKOMU (+5.00%), PRESCO (+5.00%), WAPCO (+4.29%), NESTLE (+3.94%), FO (+2.17%),TOTAL (+1.89%) ZENITH (+0.95%) and GTB(+0.32%).
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MARKET STATISTICS- June 05, 2017 YTD: +21.22%
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Cap (N)
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11,262,526,136,498.84
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One Day(ASI CHG)
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+3.85%
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Index
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32,578.38
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One Week(ASI CHG)
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+12.09%
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Volume
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640,439,207
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One Month(ASI CHG)
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+24.18%
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Value (N)
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7,675,245,294.72
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Six Months(ASI CHG)
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+21.87%
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Deals
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7,024
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52 Weeks(ASI CHG)
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+15.40%
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Gainers
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44
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Losers 13
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Un-Changed
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56
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Total 113
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Also, find in the ‘link’ Corporate Benefits & Relevant Dates reported thus far in 2017.
Foreign Exchange
The Naira at the inter-bank market close at N305.55, representing 0.02% depreciation from previous reading. The Investors and Exporters (I&E) FX window closed at 377.42, representing an appreciation of 0.30% over previous close.
We expect the FX market to continue at its current range in next session.
Money Market
OBB and Overnight rates closed at an average of 9.33% and 9.67%, representing a moderate increase from Friday’s position of 8.33% and 9.08% respectively.
The CBN conducted an OMO auction to mop up excess liquidity, selling a total of N300 million of 192-day and N9.988 billion of 346-day maturities at a stop rate of 17.90% and 18.60%.
We expect money market to trade in mixed zone next session.
(Gticapitalltd)