The equity market on Thursday gained 0.54%, extending bullish-run to eleven trading sessions. Meanwhile, market breadth closed positively, recording 24 gainers and 19 losers.
In summary, the All Share Index (ASI) gained 180.90 absolute points, representing a gain of0.54% to close at 33,695.83 points. Similarly, the Market Capitalization gained N62.35 billion, representing a growth of 0.54% to close at N11.61 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; WAPCO (+5.00%), OANDO (+3.92%), FLOURMILLS (+2.31%), ETI (+1.90%), NESTLE (+1.83%), GTBANK (+1.08%), UBA (+0.56%), DANGCEM (+0.48%), ZENITH (+0.32%) and NB (+0.22%).
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MARKET STATISTICS- July 20, 2017 YTD: +25.38%
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Cap (N)
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11,613,289,475,389.31
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One Day(ASI CHG)
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+0.54%
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Index
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33,695.83
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One Week(ASI CHG)
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+1.35%
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Volume
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191,430,079
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One Month(ASI CHG)
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-1.98%
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Value (N)
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2,181,784,442.68
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Six Months(ASI CHG)
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+26.35%
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Deals
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3,718
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52 Weeks(ASI CHG)
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+15.88%
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Gainers
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29
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Losers
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19 |
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Un-Changed
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47
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Total
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95
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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 closed at N305.80 against the US Dollar, indicating a marginal depreciation against previous close. The Investors and Exporters (I&E) FX window closed at N366.67, representing a marginal depreciation of 0.17% against previous close. A total of $109.49 million was transacted.
We expect the FX market to trade within existing range in next session.
Money Market
OBB and Overnight rates closed at an average of 4.83% and 5.21% respectively. O/N decline by marginal 0.04% against Wednesday’s closing position.
The CBN conducted a further OMO auction today to mop up excess liquidity, selling a total of N688.23 million of 196-day and N127.01 billion of 364-Day T-bills at a stop rate of 17.95% and 18.55% respectively.
We expect money market to trade with existing volatility in next day.