The equity market on Monday gainedÂ 0.12%,Â extending bullish-runÂ to Eight trading sessions. However,Â market breadth closed negative recordingÂ 23 gainersÂ againstÂ 26 losers.Â Â
In summary, theÂ All Share Index (ASI)Â gainedÂ 39.77Â absolute points, representing a gain of0.12%Â to close atÂ 33,301.43Â points. Similarly, the Market Capitalization gainedÂ N13.71 billion,Â representing a growth ofÂ 0.12%Â to close atÂ N11.48 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; UNILEVER (+10.24%),Â
FO (+7.71%),Â 7UP (+6.41%), FLOURMILL (+5.00%),Â NB (+2.18%), OKOMU (1.44%),Â ETI (+0.50%), NESTLE (+0.11%),Â DANGCEM (+0.10%), ZENITH (+0.09%) and GTB (+0.03%).
MARKET STATISTICS- July 17, 2017Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â YTD:Â +23.91%
Â Cap (N)
One Day(ASI CHG)
One Week(ASI CHG)
One Month(ASI CHG)
Six Months(ASI CHG)
3,113 Â Â Â
52 Weeks(ASI CHG)
Also, find in theÂ ‘link’
Â Corporate Benefits & Relevant Dates reported thus far in 2017.
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.
OBB and Overnight rates closed at an average of 9.00% and 9.75% respectively, representing an uptrend Â from Friday’s closing position of 6.17%Â 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.