The equity market on Friday closed the week posting 0.25% to reverse yesterdays downtrend. However, market breadth closed negative, recording 19 gainers against 29 losers.
In summary, the All Share Index (ASI) gained 95.75 absolute points, representing a growth of 0.25% to close at 38,198.60 points. Similarly, the Market Capitalization gained N33.01billion, representing a growth of 0.25% to close at N13.17trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; UNILEVER (+5.11%), WAPCO (+5.00%), OANDO (+4.99%), UBA (+3.89%), STANBIC (+2.50%), ACCESS (+1.95%), ETI (+1.74%), GUINNESS (+0.55%), NB (+0.53%) and FO (+0.45%).
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MARKET STATISTICS- August 11, 2017 YTD: +42.14%
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Cap (N)
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13,166,018,346,824.49
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One Day(ASI CHG)
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+0.25%
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Index
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38,198.60
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One Week(ASI CHG)
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+2.07%
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Volume
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353,645,485
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One Month(ASI CHG)
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+16.36%
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Value (N)
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6,301,038,739.32
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Six Months(ASI CHG)
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+50.74%
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Deals
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4,079
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52 Weeks(ASI CHG)
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+40.02%
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Gainers
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19
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Losers
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29 |
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Un-Changed
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47
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Total
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95 |
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, representing a marginal depreciation against previous close. The Investors and Exporters (I&E) FX window opened at N365.91 and closed at N364.78. A total of $157.87 million was transacted.
We expect the FX market to trade within existing range next week.
Money Market
OBB and O/N rates closed at an average of 55.83% and 59.25%, representing an uptrend from Thursday’s closing position of 46.67% and 52.21% respectively.
The CBN further conducted an OMO auction today to mop up excess liquidity, selling a total of N43.29 million and N20.46 billion of 181-day and 363-day maturities at a stop rate of 17.95% and 18.55% respectively.
We expect money market to trade with existing volatility next week.