The Nigerian equity market on Friday, the last trading day of the week, gained 0.04% extending prior uptrend to three days. However, market breadth closed negative recording 25 gainers against 31 losers.
In summary, the All Share Index (ASI) gained 12.72 absolute points, representing a growth of 0.04% to close at 33,810.56 points. Similarly, the Market Capitalization gained N4.40 billion, representing a growth of 0.04% to close at N11.69 trillion.
The Upturn was impacted by gained recorded in medium and large capitalized stocks, amongst which are; ETI (+10.33%), OKOMU (+5.00%), PRESCO (+4.99%), 7UP (+1.31%), NESTLE (+0.78%), NB(+0.15%).
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MARKET STATISTICS- June 16, 2017 YTD: +25.81%
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Cap (N)
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11,691,788,119,742.44
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One Day(ASI CHG)
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+0.04%
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Index
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33,810.56
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One Week(ASI CHG)
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+1.60%
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Volume
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493,267,478
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One Month(ASI CHG)
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+22.46%
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Value (N)
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6,237,237,747.98
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Six Months(ASI CHG)
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+26.60%
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Deals
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5,474
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52 Weeks(ASI CHG)
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+18.68%
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Gainers
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25
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Losers 31
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31 |
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Un-Changed
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63
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Total 119
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119
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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 N305.75 against the US Dollar, recording a marginal depreciation of 0.2%. The Investors and Exporters (I&E) FX window opened at N369.69 and closed at N365.29.
We expect the FX market to trade within the current range next week.
Money Market
OBB and Overnight rates closed at an average of 15.17% and 15.67% respectively, representing an uptrend from Thursday’s closing position of 6.33% and 6.75%.
We expect money market to continue with existing volatility next week.
We expect money market to continue with existing volatility next week.