The Nigerian equity market on Wednesday gained 0.59% extending yesterdays uptrend. Similarly,market breadth closed positive recording 32 gainers against 25 losers.
In summary, the All Share Index (ASI) gained 199.64 absolute points, representing a growth of 0.59% to close at 33,797.68 points. Similarly, the Market Capitalization gained N69.04 billion, representing a growth of 0.59% to close at N11.69 trillion.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; UNILEVER (+5.65%), ZENITH (+4.61%), NB (+2.34%), FLOURMILLS (+1.79%), GTB (+1.67%), 7UP (+1.66%) and OANDO (+0.35%)
MARKET STATISTICS- June 15, 2017 YTD: +25.76% | |||
Cap (N) | 11,687,390,037,399.22 | One Day(ASI CHG) | +0.59% |
Index | 33,797.84 | One Week(ASI CHG) | +2.61% |
Volume | 573,603,902 | One Month(ASI CHG) | +22.86% |
Value (N) | 7,852,237,456.92 | Six Months(ASI CHG) | +28.89% |
Deals | 6,584 | 52 Weeks(ASI CHG) | +21.96% |
Gainers | 32 | Losers | 25 |
Un-Changed | 51 | Total | 108 |
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 N305.25 against the US Dollar, recording a marginal appreciation of 0.15%. The Investors and Exporters (I&E) FX window opened at N372.03 and closed at N365.07, representing an appreciation of 0.57% 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 6.33% and 6.75%, representing a drop of 61.24% and 61.05% respectively from Wednesday’s closing position of 16.33% and 17.33%.
We expect money market rates to trade within the existing range.
We expect money market rates to trade within the existing range.