The Nigerian equity market on Monday shed 0.12% to begin the week in the red. Similarly, market breadth closed negative recording 20 gainers against 30 losers.
In summary, the All Share Index (ASI) shed 41.40 absolute points, representing a decline of 0.12% to close at 33,235.28 points. Similarly, the Market Capitalization shed N14.31 billion, representing a decline of 0.12% to close at N11.49 trillion.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; INTBREW (-8.63%), 7UP (-4.80%), NESTLE (-4.15%), TOTAL (-3.90%), FBNH (-3.57%), OANDO (-2.63%), FLOURMILLS (-2.17%), UBA (-0.78%), SEPLAT (-0.46%), ZENITH (-0.29%)
and FO (-0.25%),
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MARKET STATISTICS- June 12, 2017 YTD: +23.67%
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Cap (N)
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11,489,620,398,061.92
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One Day(ASI CHG)
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-0.12%
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Index
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33,235.28
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One Week(ASI CHG)
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+2.02%
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Volume
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501,081,775
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One Month(ASI CHG)
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+17.89%
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Value (N)
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6,111,783,952.33
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Six Months(ASI CHG)
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+28.89%
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Deals
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6,635
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52 Weeks(ASI CHG)
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+21.96%
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Gainers
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20
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Losers
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30 |
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Un-Changed
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56
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Total
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106
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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 N305.65 against the US Dollar, representing a marginal depreciation of 0.016%. The Investors and Exporters (I&E) FX window closed at N373.25, representing a marginal appreciation of 0.008% over previous close.
We expect the FX market to trade within the current range in the next session.
Money Market
OBB and Overnight rates closed at an average of 116.67% and 126.67%, representing a large increase from Friday’s closing position of 17.67% and 18.50%.
The CBN conducted a further OMO auction today to mop up excess liquidity, selling a total of N5.31 billion of 353-day bills at a stop rate of 18.60%.
The volatility in money market rates would likely drop in the next trading session, as such, we expect lower rates.