The Nigerian equity market on Monday, opened the week with a 0.96% gain, extending bull-run to four trading sessions.Similarly, market breadth closed positive recording 28 gainers against 19 losers.
In summary, the All Share Index (ASI) gained 324.54 absolute points, representing a growth of 0.96% to close at 34,135.10 points. Similarly, the Market Capitalization gained N112.08 billion, representing a growth of 0.96% to close at N11.80 trillion.
The Upturn was impacted by gained recorded in medium and large capitalized stocks, amongst which are; PRESCO (+4.99%), STANBIC (+4.68%), FLOURMILLS (+3.51%), DANGCEM (+2.44%), WAPCO (+0.93%), UBA (+0.81%), GTB (+0.76%), JBERGER (+0.63%), NB (+0.61%) and TOTAL (+0.37%).
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MARKET STATISTICS- June 19, 2017 YTD: +27.02%
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Cap (N)
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11,803,865,485,965.34
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One Day(ASI CHG)
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+0.96%
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Index
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34,135.10
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One Week(ASI CHG)
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+2.71%
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Volume
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482,517,239
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One Month(ASI CHG)
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+21.42%
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Value (N)
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5,681,917,133.30
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Six Months(ASI CHG)
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+26.60%
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Deals
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5,771
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52 Weeks(ASI CHG)
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+18.68%
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Gainers
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28
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Losers
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19 |
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Un-Changed
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53
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Total
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100
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The equity prices of the following companies were adjusted today 19th of June 2017 for dividends declared by their respective board of directors as follows:
| Security | Dividend Declared (N) | Last Close Price (N) | Ex-div Price (N) |
| THE INITIATES PLC | 0.03 | 0.77 | 0.74 |
| CONTINENTAL REINSURANCE PLC | 0.14 | 1.38 | 1.24 |
| LASACO INSURANCE PLC | 0.03 | 0.52 | 0.5 |
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 N305.80 against the US Dollar, recording a marginal depreciation of 0.02%. The Investors and Exporters (I&E) FX window opened at N369.36 and closed at N366.20.
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 50.00% and 53.33% respectively, representing an uptrend from Friday’s closing position of 15.17% and 15.67%.
We expect money market to continue with existing volatility in the next session.
We expect money market to continue with existing volatility in the next session.
The CBN conducted a OMO auction today to mop up excess liquidity, selling a total of 4.61 billion of 185-day and 16.85 billion of 346-day at a stop rate of 18.0% and 18.6% respectively.
(GTICapital))