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%).
MARKET STATISTICS- August 02, 2017 YTD: +37.32% | |||
Cap (N) | 12,720,170,132,022.32 | One Day(ASI CHG) | +0.50% |
Index | 36,905.06 | One Week(ASI CHG) | +3.86% |
Volume | 251,013,086 | One Month(ASI CHG) | +11.44% |
Value (N) | 3,777,413,275.38 | Six Months(ASI CHG) | +40.02% |
Deals | 4,047 | 52 Weeks(ASI CHG) | +31.44% |
Gainers | 31 | Losers | 17 |
Un-Changed | 42 | Total | 90 |
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.