The Nigerian equity market on Wednesday, shed 2.61%, ending prior five day bull-run. Similarly, market breadth closed negative recording 13 gainers against 37 losers.
In summary, the All Share Index (ASI) shed 897.71 absolute points, representing a decline of 2.61% to close at 33,477.89 points. Similarly, the Market Capitalization shed N311.06 billion, representing a decline of 2.61% to close at N11.58 trillion.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; OANDO (-4.97%), FBNH (-4.95%), DANGCEM (-4.19%), WAPCO (-4.06%), ZENITH (-3.99%), ACCESS (-3.98%), 7UP (-3.22%), GTB (-2.44%), NB (-1.19%), NESTLE (-1.10%), UBA (-0.34%) and JBERGER (+10.15%).
MARKET STATISTICS- June 21, 2017 YTD: +24.57% | |||
Cap (N) | 11,576,748,412,005.48 | One Day(ASI CHG) | -2.61% |
Index | 33,477.89 | One Week(ASI CHG) | -0.36% |
Volume | 508,732,080 | One Month(ASI CHG) | +19.08% |
Value (N) | 6,396,512,042.50 | Six Months(ASI CHG) | +26.60% |
Deals | 5,876 | 52 Weeks(ASI CHG) | +18.68% |
Gainers | 13 | Losers | 37 |
Un-Changed | 57 | Total | 107 |
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 N305.85 against the US Dollar, representing a marginal depreciation of 0.02%. The Investors and Exporters (I&E) FX window opened at N369.03 and closed at N365.86, representing a depreciation of 1.16%.
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 19.00% and 18.00% respectively, recording a dip of 15.5% and 11.5% respectively and representing an downtrend from Tuesday’s closing position of 29.5% and 34.50%.
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.