Equity market halts bull-run to close the week in the red.

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The equity market on Friday shed 0.64% closing the week in the red and bringing to a halt prior two days bull-run. Similarly, market breadth closed negative recording 17 gainers against 33 losers.  
In summary, the All Share Index (ASI) shed 152.36 absolute points, representing a decline of 0.46% to close at 33,117.48 points. Similarly, the Market Capitalization shed N52.69 billion, representing a decline of 0.46% to close at N11.45 trillion.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are;  UNILEVER (-9.74%), UBA (-7.50%), 7UP (-5.00%), JBERGER (-4.99%),

FO (-4.99%), FLOURMILLS (-3.54%), OANDO (-3.05%), ACCESS (-2.62%), GTB (-2.46%), NESTLE (-0.99%) and ZENITH (-0.05%).
MARKET STATISTICS- June 30, 2017YTD:   +23.23%
Cap (N)
One Day(ASI CHG)
One Week(ASI CHG)
One Month(ASI CHG)
Value (N)
Six Months(ASI CHG)
52 Weeks(ASI CHG)
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 N305.90 against the US Dollar. The Investors and Exporters (I&E) FX window opened at N366.56 and closed at N366.44.
We expect the FX market to trade within the current range next week.
Money Market
OBB and Overnight rates closed at an average of 5.33% and 5.75% respectively, representing an uptrend  from Thursday’s closing position of 4.00% and 4.58%.
We expect money market to trade within existing range next week.
The CBN conducted a further OMO auction today to mop up excess liquidity, selling a total of N440 million of 160-day and N31.5 billion of 348-day at a stop rate of 17.98% and 18.569% respectively.
(GTI Research)
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Equity market halts bull-run to close the week in the red.Equity market halts bull-run to close the week in the red.

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Equity market halts bull-run to close the week in the red.Equity market halts bull-run to close the week in the red.

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- Advertisement -Equity market halts bull-run to close the week in the red.Equity market halts bull-run to close the week in the red.