The equity market on Tuesday gained 1.26% extending bullish run to Six trading sessions. Similarly, market breadth closed positive, recording 31 gainers against 20 losers.
In summary, the All Share Index (ASI) gained 474.18 absolute points, representing a growth of 1.26% to close at 37,999.56 points. Similarly, the Market Capitalization shed N163.43billion, representing a gain of 1.26% to close at N13.1 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; GUINNESS (+10.25%), NESTLE (+8.96%), NB (+5.00%), PZ (+4.96%), NASCON (+4.94%), STANBIC (+4.00%), ETI (+3.93%), OKOMU OIL (+3.89%), 7UP (+3.48%), UNILEVER (+2.99%), ACCESS (+1.69%) and GTB (+0.17%).
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MARKET STATISTICS- August 08, 2017 YTD: +41.40%
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Cap (N)
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13,097,413,325,865.58
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One Day(ASI CHG)
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+1.26%
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Index
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37,999.56
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One Week(ASI CHG)
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+3.48%
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Volume
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218,216,971
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One Month(ASI CHG)
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+49.25%
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Value (N)
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5,071,357,039.65
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Six Months(ASI CHG)
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+45.04%
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Deals
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5,336
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52 Weeks(ASI CHG)
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+34.86%
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Gainers
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31
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Losers
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20 |
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Un-Changed
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58
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Total
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109 |
Also, find in the ‘link’ Corporate Benefits & Relevant Dates reported thus far in 2017.
Foreign Exchange
The Naira at the inter-bank market remained flat at N305.50 against the US Dollar. The Investors and Exporters (I&E) FX window opened at N366.70 and closed at N368.17. A total of $96.03 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 25.00% and 26.33%, representing a downtrend from Monday’s closing position of 26.67% and 27.50% respectively.
We expect money market to trade with existing volatility in the next session.
(GTICapital)
