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%)
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MARKET STATISTICS- July 21, 2017 YTD: +26.59%
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Cap (N)
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11,725,144,418,686.44
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One Day(ASI CHG)
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+0.96%
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Index
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34,020.37
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One Week(ASI CHG)
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+2.28%
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Volume
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378,187,544
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One Month(ASI CHG)
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+1.62%
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Value (N)
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5,112,133,920.18
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Six Months(ASI CHG)
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+29.73%
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Deals
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4,516
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52 Weeks(ASI CHG)
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+21.51%
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Gainers
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25
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Losers
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16 |
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Un-Changed
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58
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Total
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99
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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 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.