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%).
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MARKET STATISTICS – June 14, 2017 YTD: +25.02%
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Cap (N)
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11,618,354,460,873.78
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One Day(ASI CHG)
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+1.38%
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Index
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33,598.20
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One Week(ASI CHG)
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+2.79%
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Volume
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759,046,475
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One Month(ASI CHG)
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+19.17%
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Value (N)
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6,295,123,668.63
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Six Months(ASI CHG)
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+28.89%
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Deals
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7,357
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52 Weeks(ASI CHG)
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+21.96%
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Gainers
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36
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Losers
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22 |
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Un-Changed
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48
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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 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.
We expect money market rates to trade within the existing range.
