The equity market on Friday closed the week gaining 0.96%, extending bullish-run to twelve trading sessions. Meanwhile, market breadth closed positively, recording 25 gainers and 16 losers.
In summary, the All Share Index (ASI) gained 324.54 absolute points, representing a gain of0.96% to close at 34,020.37 points. Similarly, the Market Capitalization gained N111.85 billion, representing a growth of 0.96% to close at N11.73 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; WAPCO (+9.89%), ZENITH (+4.08%), ACCESS (+2.77%), UBA (+1.90%), DANGCEM (+1.44%), GTB(+0.51%), TOTAL (+0.34%), UNILEVER (+0.34%)
MARKET STATISTICS- July 21, 2017 YTD: +26.59% | |||
Cap (N) | 11,725,144,418,686.44 | One Day(ASI CHG) | +0.96% |
Index | 34,020.37 | One Week(ASI CHG) | +2.28% |
Volume | 378,187,544 | One Month(ASI CHG) | +1.62% |
Value (N) | 5,112,133,920.18 | Six Months(ASI CHG) | +29.73% |
Deals | 4,516 | 52 Weeks(ASI CHG) | +21.51% |
Gainers | 25 | Losers | 16 |
Un-Changed | 58 | Total | 99 |
Also, find in the ‘link’ Corporate Benefits & Relevant Dates reported thus far in 2017.
Foreign Exchange
The Naira at the inter-bank market closed flat at N305.80 against the US Dollar. The Investors and Exporters (I&E) FX window closed at N366.37, representing a marginal appreciation against previous close. A total of $98.78 million was transacted.
We expect the FX market to trade within existing range next week.
Money Market
OBB and Overnight rates closed at an average of 14.00% and 14.92% respectively representing an uptrend from Thursday’s closing position.
The CBN conducted a further OMO auction today to mop up excess liquidity, selling a total of N250 million of 195-day and N85.99 billion of 356-Day T-bills at a stop rate of 17.95% and 18.55% respectively.
We expect money market to trade with existing volatility next week.
