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%) .
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MARKET STATISTICS- July 26, 2017 YTD: +36.71%
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Cap (N)
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12,662,732,404,641.14
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One Day(ASI CHG)
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+3.40%
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Index
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36,740.77
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One Week(ASI CHG)
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+9.63%
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Volume
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335,339,805
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One Month(ASI CHG)
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+24.55%
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Value (N)
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4,643,044,167.21
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Six Months(ASI CHG)
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+26.35%
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Deals
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5,385
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52 Weeks(ASI CHG)
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+15.88%
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Gainers
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31
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Losers
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17 |
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Un-Changed
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52
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Total
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100
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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 N305.70 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.
