Equity market extends downtrend to two trading sessions.

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The Nigerian equity market on Tuesday shed 0.28% to extend downtrend to two trading sessions. However, market breadth closed positive recording 31 gainers against 28 losers.
 
In summary, the All Share Index (ASI) shed 93.43 absolute points, representing a decline of 0.28% to close at 33,141.85 points. Similarly, the Market Capitalization shed N29.07 billion, representing a decline of 0.28% to close at N11.46 trillion.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; FO (-9.57%), CONOIL (-3.80%), ACCESS (-3.72%), MOBIL (-3.27%), NESTLE (-2.60%), OANDO (-1.84%), UBA (-1.68%), SEPLAT (-1.37%),  FBNH (-0.69%) and DANGCEM (-0.15%).
MARKET STATISTICS- June 13, 2017                                            YTD: +23.32%
 Cap (N)
11,460,545,757,828.34
One Day(ASI CHG)
 -0.28%
Index
33,141.85
One Week(ASI CHG)
 +2.92%
Volume
410,223,496
One Month(ASI CHG)
 +17.56%
Value (N)
5,545,886,112.78
Six Months(ASI CHG)
 +28.89%
Deals
6,167      
52 Weeks(ASI CHG)
 +21.96%
Gainers
31                          
Losers                             
 28
Un-Changed
55
Total                            
114

Also, find in the ‘link’ Corporate Benefits & Relevant Dates reported thus far in 2017. 

Foreign Exchange
The Naira at the inter-bank market closed at N305.70 against the US Dollar, representing a marginal depreciation of 0.02%. The Investors and Exporters (I&E) FX window opened at N373.19 and closed at N372.71, representing a marginal appreciation of 0.14% 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 24.17% and 26.92%, representing a steep drop from Monday’s closing position of 116.67% and 126.67%.

The CBN conducted a further OMO auction today to mop up excess liquidity, selling a total of N324 million of 184-day and N1.80 billion of 352-day bills at a stop rate of 18.0% and 18.60% respectively.

Read Also:  Equity Market Review: A bearish start to the week
We expect money market rates to trade within the existing range.
GTISecurities
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Equity market extends downtrend to two trading sessions. - Brand SpurEquity market extends downtrend to two trading sessions. - Brand Spur
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Equity market extends downtrend to two trading sessions. - Brand SpurEquity market extends downtrend to two trading sessions. - Brand Spur

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- Advertisement -Equity market extends downtrend to two trading sessions. - Brand SpurEquity market extends downtrend to two trading sessions. - Brand Spur