The Nigerian equity market on Thursday, shed 1.64%, extending yesterdays downward position. Similarly, market breadth closed negative recording 13 gainers against 45 losers.
In summary, the All Share Index (ASI) shed 549.45 absolute points, representing a decline of 1.64% to close at 32,928.44 points. Similarly, the Market Capitalization shed N190.00 billion, representing a decline of 1.64% to close at N11.39 trillion.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; ETI (-8.47%), JBERGER (-4.99%), OKOMU (-4.99%), OANDO (-4.95%), NB (-4.80%), STANBIC (-4.38%), ZENITH (-3.63%), GTB (-1.86%), WAPCO (-1.63%), MOBIL (-1.16%), FLOURMILLS (-1.02%) and 7UP (-0.01%).
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MARKET STATISTICS- June 22, 2017 YTD: +22.52%
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Cap (N)
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11,386,746,862,540.36
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One Day(ASI CHG)
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-1.64%
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Index
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32,928.44
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One Week(ASI CHG)
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-2.57%
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Volume
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509,763,958
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One Month(ASI CHG)
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+17.27%
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Value (N)
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5,034,623,750.17
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Six Months(ASI CHG)
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+26.60%
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Deals
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5,321
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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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45 |
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Un-Changed
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58
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Total
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116
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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 remained flat at N305.85 against the US Dollar. The Investors and Exporters (I&E) FX window opened at N366.91 and closed at N363.00, representing an appreciation of 0.78%.
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 8.50% and 9.08% respectively, recording a dip of 9.50% and 9.92% respectively and representing a downtrend from Wednesday’s closing position of 19.00% and 18.00%.
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 further OMO auction today, to mop up excess liquidity, selling a total of 377.9 million of 168-day and 22.3 billion of 357-day at a stop rate of 18.0% and 18.6% respectively.
