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%).
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MARKET STATISTICS- June 21, 2017 YTD: +24.57%
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Cap (N)
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11,576,748,412,005.48
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One Day(ASI CHG)
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-2.61%
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Index
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33,477.89
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One Week(ASI CHG)
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-0.36%
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Volume
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508,732,080
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One Month(ASI CHG)
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+19.08%
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Value (N)
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6,396,512,042.50
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Six Months(ASI CHG)
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+26.60%
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Deals
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5,876
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52 Weeks(ASI CHG)
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+18.68%
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Gainers
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13
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Losers
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37 |
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Un-Changed
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57
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Total
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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 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.