Equity market continues bull-run as ASI gains 0.12%.

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The equity market on Monday gained 0.12%, extending bullish-run to Eight trading sessions. However, market breadth closed negative recording 23 gainers against 26 losers.  

In summary, the All Share Index (ASI) gained 39.77 absolute points, representing a gain of0.12% to close at 33,301.43 points. Similarly, the Market Capitalization gained N13.71 billion, representing a growth of 0.12% to close at N11.48 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; UNILEVER (+10.24%), FO (+7.71%), 7UP (+6.41%), FLOURMILL (+5.00%), NB (+2.18%), OKOMU (1.44%), ETI (+0.50%), NESTLE (+0.11%), DANGCEM (+0.10%), ZENITH (+0.09%) and GTB (+0.03%).
MARKET STATISTICS- July 17, 2017                                             YTD:  +23.91%
 Cap (N)
11,477,362,308,072.99
One Day(ASI CHG)
 +0.12%
Index
33,301.43
One Week(ASI CHG)
 +2.11%
Volume
322,814,473
One Month(ASI CHG)
 -1.51%
Value (N)
2,734,360,594.14
Six Months(ASI CHG)
 +26.35%
Deals
3,113     
52 Weeks(ASI CHG)
 +15.88%
Gainers
23
Losers   
 27
Un-Changed
51
Total              
 100
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 N365.57 and closed at N362.21.
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 9.00% and 9.75% respectively, representing an uptrend  from Friday’s closing position of 6.17% and 6.92%.
We expect money market to trade with existing volatility in the next session.
The CBN conducted a further OMO auction today to mop up excess liquidity, selling a total of N5 billion of 185-day T-bills and N14.5 billion of 346-day T-bills at a stop rate of 17.95% and 18.55% respectively.
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