The Nigerian equity market on Friday gained 1.03%, ending the week in the green and also extending bull-run to three trading sessions in a row. Similarly, market breadth closed positive recording 44 gainers against 17 losers.
In summary, the All Share Index (ASI) gained 338.70 absolute points, representing a growth of 1.03% to close at 33,276.68 points. Similarly, the Market Capitalization gained N117.09 billion, representing a growth of 1.03% to close at N11.50 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; SEPLAT (+10.25%), FO (+10.23%), INTBREW (+10.23%), FBNH (+5.74%), PRESCO (+4.99%), WAPCO (+2.58%), UBA (+1.81%), ACCESS (+1.27%), ZENITH (+1.12%), ETI (+0.96%) and TOTAL (+0.89%).
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MARKET STATISTICS- June 09, 2017 YTD: +23.82%
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Cap (N)
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11,503,932,152,713.68
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One Day(ASI CHG)
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+1.03%
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Index
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33,276.68
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One Week(ASI CHG)
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+6.07%
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Volume
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686,304,237
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One Month(ASI CHG)
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+24.37%
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Value (N)
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6,070,338,628.87
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Six Months(ASI CHG)
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+28.89%
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Deals
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6,785
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52 Weeks(ASI CHG)
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+21.96%
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Gainers
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44
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Losers 17
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17 |
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Un-Changed
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51
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Total 112
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112
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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, extending flat position to day three in a row. The CBN continued its daily intervention of N1.5million to the Greenback at N305.05. The Investors and Exporters (I&E) FX window closed at N373.28, representing a marginal appreciation of 0.45% over previous close.
We expect the FX market to trade at its current range next week.
Money Market
OBB and Overnight rates closed at an average of 17.67% and 18.50%, representing a steep decrease from Thursday’s closing position of 78.33% and 81.67%.
The CBN conducted a further OMO auction today to mop up excess liquidity, selling a total of N3.5 billion of 181-day and N14.97 billion of 342-day bills at a stop rate of 18.00% and 18.60% respectively.
We expect money market to trade in mixed zone next week.
GTICapitalLtd.