Equity market posts 3.40% gain, extending bullish run.

Equity market posts 3.40% gain, extending bullish run.

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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 billionrepresenting 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. 
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