Equity market reverses downtrend to end in a positive position.

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The Nigerian equity market on Wednesday gained 1.38% reversing previous downtrend to close in a positive position. Similarly, market breadth closed positive recording 36 gainers against 22 losers.

 

In summary, the All Share Index (ASI) gained 456.35 absolute points, representing a growth of 1.38% to close at 33,598.20 points. Similarly, the Market Capitalization gained N157.80 billion, representing a growth of 1.38% to close at N11.62 trillion.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; OANDO (+8.13%), FBNH (+5.07%), OKOMUOIL (+5.00%), ZENITH (+4.99%), GTB (+4.98%), PRESCO (+4.14%), FLOURMILLS (+3.70%), STANBIC (+3.37%),  NB (+1.85%), WAPCO (+1.83%), SEPLAT (+1.20%)and UBA (+0.57%).
MARKET STATISTICS – June 14, 2017                                        YTD: +25.02%
 Cap (N)
11,618,354,460,873.78
One Day(ASI CHG)
 +1.38%
Index
33,598.20
One Week(ASI CHG)
 +2.79%
Volume
759,046,475
One Month(ASI CHG)
 +19.17%
Value (N)
6,295,123,668.63
Six Months(ASI CHG)
 +28.89%
Deals
7,357      
52 Weeks(ASI CHG)
 +21.96%
Gainers
36                           
Losers   
 22
Un-Changed
48   
Total     
 106     
Also, find in the ‘link’ Corporate Benefits & Relevant Dates reported thus far in 2017.
Foreign Exchange
The Naira at the inter-bank market remained flat at N305.70 against the US Dollar. The Investors and Exporters (I&E) FX window opened at N373.68 and closed at N367.17, representing an appreciation of 1.49% 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 16.33% and 17.33%, representing a decrease from Tuesday’s closing position of 24.17% and 26.92%.
We expect money market rates to trade within the existing range.
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Equity market reverses downtrend to end in a positive position. - Brand SpurEquity market reverses downtrend to end in a positive position. - Brand Spur

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Equity market reverses downtrend to end in a positive position. - Brand SpurEquity market reverses downtrend to end in a positive position. - Brand Spur

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