The equity market on Wednesday gained 3.40% to continue uptrend and extend bullish-run to fifteen consecutive trading sessions. Similarly, market breadth closed positive, recording 31 gainers and 17 losers.
In summary, the All Share Index (ASI) gained 1207.77 absolute points, representing a gain of 3.40% to close at 36,740.77 points. Similarly, the Market Capitalization gained N416.36 billion, representing a growth of 3.40% to close at N12.66 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; PRESCO (+6.95%), ZENITH (+6.67%), OKOMU (5.46%), NB (+5.00%), ETI (+5.00%), GTB (+4.99%), FLOURMILLS (+4.99%), STANBIC (+4.98%), DANGCEM (+4.93%), TOTAL (+4.28%) and WAPCO (+0.02%) .
MARKET STATISTICS- July 26, 2017 YTD: +36.71% | |||
Cap (N) | 12,662,732,404,641.14 | One Day(ASI CHG) | +3.40% |
Index | 36,740.77 | One Week(ASI CHG) | +9.63% |
Volume | 335,339,805 | One Month(ASI CHG) | +24.55% |
Value (N) | 4,643,044,167.21 | Six Months(ASI CHG) | +26.35% |
Deals | 5,385 | 52 Weeks(ASI CHG) | +15.88% |
Gainers | 31 | Losers | 17 |
Un-Changed | 52 | 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 closed at N305.70 against the US Dollar representing a marginal appreciation against previous close. The Investors and Exporters (I&E) FX window opened at N367.75 and closed at N368.60. A total of $182.03 million was transacted.
We expect the FX market to trade within existing range in the next session.
Money Market
OBB and Overnight rates closed at an average of 15.17% and 16.00% respectively, representing an downtrend from Tuesday’s closing position of 18.33% and 19.17%.
We expect money market to trade with existing volatility in the next session.