The Nigerian equity market on Tuesday, gained 0.71%, extending bull-run to five trading sessions.However, market breadth closed negative recording 25 gainers against 27 losers.
In summary, the All Share Index (ASI) gained 240.50 absolute points, representing a growth of 0.71% to close at 34,370.60 points. Similarly, the Market Capitalization gained N83.94 billion, representing a growth of 0.71% to close at N11.89 trillion.
The Upturn was impacted by gained recorded in medium and large capitalized stocks, amongst which are; JBERGER (+10.15%), DANGCEM (+1.89%), FBNH (+1.83%), NB (+1.82%), STANBIC (+1.39%), UBA (+1.14%), WAPCO (+0.37%), NESTLE (+0.33%) and PRESCO (+0.08%)
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MARKET STATISTICS- June 20, 2017 YTD: +27.91%
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Cap (N)
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11,887,180,351,923.17
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One Day(ASI CHG)
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+0.71%
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Index
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34,375.60
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One Week(ASI CHG)
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+3.72%
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Volume
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392,268,478
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One Month(ASI CHG)
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+22.27%
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Value (N)
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4,217,414,588.73
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Six Months(ASI CHG)
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+26.60%
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Deals
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5,412
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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 27
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27 |
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Un-Changed
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55
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Total 107
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107
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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 flat at N305.80 against the US Dollar. The Investors and Exporters (I&E) FX window opened at N369.24 and closed at N361.67, representing an appreciation of 1.24%.
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 29.5% and 34.50% respectively, representing an downtrend from Monday’s closing position of 50.00% and 53.33%.
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 an OMO auction today to mop up excess liquidity, selling a total of 1.32 billion of 170-day and 10.00 billion of 345-day at a stop rate of 18.0% and 18.6% respectively.