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%)
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MARKET STATISTICS- June 15, 2017 YTD: +25.76%
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Cap (N)
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11,687,390,037,399.22
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One Day(ASI CHG)
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+0.59%
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Index
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33,797.84
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One Week(ASI CHG)
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+2.61%
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Volume
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573,603,902
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One Month(ASI CHG)
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+22.86%
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Value (N)
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7,852,237,456.92
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Six Months(ASI CHG)
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+28.89%
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Deals
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6,584
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52 Weeks(ASI CHG)
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+21.96%
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Gainers
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32
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Losers
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25 |
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Un-Changed
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51
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Total
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108
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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 N305.25 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.
