The equity market on Tuesday gained 2.45% extending yesterdays uptrend. Similarly, market breadth closed positive, recording 31 gainers against 17 losers.
In summary, the All Share Index (ASI) gained 184.44 absolute points, representing a growth of 0.50% to close at 36,905.06 points. Similarly, the Market Capitalization shed N64.38billion, representing a gain of 0.50% to close at N12.72 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; WAPCO (+5.00%), GUINNESS (+4.99%), FLOURMILL (+4.29%), NB (+2.54%), STANBIC (+2.16%), ZENITH (+1.42%), DANGSUGAR (+1.27%), UBA (+0.91%), FO (+0.88%), OANDO (+0.64%), NESTLE (+0.14%) and GTB (+0.03%).
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MARKET STATISTICS- August 02, 2017 YTD: +37.32%
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Cap (N)
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12,720,170,132,022.32
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One Day(ASI CHG)
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+0.50%
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Index
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36,905.06
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One Week(ASI CHG)
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+3.86%
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Volume
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251,013,086
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One Month(ASI CHG)
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+11.44%
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Value (N)
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3,777,413,275.38
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Six Months(ASI CHG)
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+40.02%
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Deals
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4,047
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52 Weeks(ASI CHG)
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+31.44%
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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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42
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Total
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90
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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 N305.60 against the US Dollar, recording a marginal appreciation of 0.33% against previuos close. The Investors and Exporters (I&E) FX window opened at N367.28 and closed at N368.50. A total of $712.03 million was transacted.
We expect the FX market to trade within existing range in the next session.
Money Market
OBB and O/N rates closed at an average of 19.67% and 20.17%, representing an uptrend from Tuesday’s closing position of 5.00% and 5.50% respectively.
We expect money market to trade within existing volatility in the next session.
