The Nigerian equity market on Tuesday gained 1.51%, reversing yesterdays downtrend. However, market breadth closed negative recording 26 gainers with against 27 losers.
In summary, the All Share Index (ASI) gained 486.34 absolute points, representing a growth of 1.51% to close at 32,686.72 points. Similarly, the Market Capitalization gained N168.13 billion, representing a growth of 1.51% to close at N11.30 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; INTBREW (+10.22%), FO (+10.20%), SEPLAT (+5.00%), FLOURMILL (+4.79%), DANGCEM (+4.75%),STANBIC (+3.57%), 7UP (+2.63%), TOTAL (+1.86%), ACCESS (+0.74%), UBA (+0.71%) and OANDO (+0.12%).
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MARKET STATISTICS – June 07, 2017 YTD: +21.63%
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Cap (N)
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11,299,981,809,591.05
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One Day(ASI CHG)
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+1.51%
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Index
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32,200.38
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One Week(ASI CHG)
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+10.81%
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Volume
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744,992,196
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One Month(ASI CHG)
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+24.59%
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Value (N)
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4,074,066,535.54
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Six Months(ASI CHG)
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+21.87%
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Deals
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6,424
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52 Weeks(ASI CHG)
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+15.40%
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Gainers
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26
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Losers
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27 |
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Un-Changed
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63
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Total
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116
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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 N305.60 against the US Dollar, representing a growth of 0.02% over the previous close. The CBN maintained its daily intervention of N1.5million to the Greenback at N305.05. The Investors and Exporters (I&E) FX window closed at N377.14, representing a marginal appreciation of 0.40% over previous close.
We expect the FX market to trade at its current range in next session.
Money Market
OBB and Overnight rates closed at an average of 25.00% and 27.50%, representing a steep increase from Tuesday’s closing position of 11.91% and 12.50%. This sharp uptrend was on the ground of increased tightening by the CBN.
The CBN conducted a further OMO auction today to mop up excess liquidity, selling a total of N234.2 million of 190-day at a stop rate of 18.00%.
We expect money market to trade in mixed zone next session.
(GTICapitalLtd)