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%).
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MARKET STATISTICS- June 13, 2017 YTD: +23.32%
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Cap (N)
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11,460,545,757,828.34
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One Day(ASI CHG)
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-0.28%
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Index
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33,141.85
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One Week(ASI CHG)
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+2.92%
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Volume
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410,223,496
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One Month(ASI CHG)
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+17.56%
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Value (N)
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5,545,886,112.78
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Six Months(ASI CHG)
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+28.89%
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Deals
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6,167
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52 Weeks(ASI CHG)
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+21.96%
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Gainers
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31
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Losers
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28 |
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Un-Changed
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55
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Total
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114
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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 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.
We expect money market rates to trade within the existing range.
GTISecurities