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Equity market sheds 1.05% to begin the week in the red.

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The equity market on Monday shed 1.05% closing the week in the red and extending bearish run to two trading sessions. Similarly, market breadth closed negative recording 17 gainers against 29 losers.  
In summary, the All Share Index (ASI) shed 347.68 absolute points, representing a decline of 1.05% to close at 32,769.80 points. Similarly, the Market Capitalization shed N120.23 billion, representing a decline of 1.05% to close at N11.33 trillion.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are;  7UP (-9.53%), TOTAL (-5.00%), MOBIL (-5.00%), GUINESS (-4.99%), PRESCO (-4.99%), JBERGER (-4.99%), FBNH (-4.08%), ZENITH (-1.82%), DANGCEM (-1.46%), GTB (-1.09%), OANDO (-0.96%) and UBA (-0.68%).


Kindly note that the equity prices of the following companies were adjusted today for dividends declared by their respective board of directors as follows.
Security  Name                         Last close Price (N)    Ex-dive Price (N)     Dividend Declared 

Presco                                                   73.00                         71.50                           5 kobo
Trans Nationwide Express plc          0.83                           0.78                            1.50 kobo

MARKET STATISTICS- July 3, 2017                                       YTD:   +21.94%
 Cap (N)
11,331,890,883,337.16
One Day(ASI CHG)
 -1.05%
Index
32,769.80
One Week(ASI CHG)
 +11.09%
Volume
162,354,027
One Month(ASI CHG)
 +4.46%
Value (N)
1,516,827,481.01
Six Months(ASI CHG)
 +23.23%
Deals
3,488    
52 Weeks(ASI CHG)
 +11.89%
Gainers
17
Losers   
 29
Un-Changed
55
Total    
101
Read Also:  MPC retains brakes on policy rates
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 N305.95 against the US Dollar. The Investors and Exporters (I&E) FX window opened at N366.31 and closed at N359.00.
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 14.83% and 14.83% respectively, representing an uptrend  from Friday’s closing position of 5.33%  and 5.75%.
We expect money market to trade within existing range in the next session.
The CBN conducted a further OMO auction today to mop up excess liquidity, selling a total of N765.43 million of 199-day T-bills and N44.66 billion of 339-day T-bills at a stop rate of 17.95% and 18.55% respectively.
Read Also:  Equity Market Gains N2tn in One Week
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