The equity market posted a loss of 0.65% to begin the week in a negative position and also extend prior bearish run. Similarly, market breadth closed negative, recording 18 gainers against 27 losers.
In summary, the All Share Index (ASI) shed 247.64 absolute points, representing a decline of 0.65% to close at 37,950.96 points. Similarly, the Market Capitalization shed N85.36billion, representing a decline of 0.65% to close at N13.08trillion.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; TOTAL (-5.00%), FLOURMILL (-4.84%), OANDO (-3.69%), UBA (-2.83%), DANGCEM (-2.08%), DANGSUGAR (-1.84%), GUINNESS (-1.64%), NASCON (-1.60%), ZENITHBANK (-1.05%) and GTB (-0.25%).
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MARKET STATISTICS- August 14, 2017 YTD: +41.21%
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Cap (N)
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13,080,662,884,114.05
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One Day(ASI CHG)
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-0.65%
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Index
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37,950.96
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One Week(ASI CHG)
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+1.13%
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Volume
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316,122,239
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One Month(ASI CHG)
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+14.10%
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Value (N)
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4,224,452,805.60
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Six Months(ASI CHG)
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+50.74%
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Deals
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4,113
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52 Weeks(ASI CHG)
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+40.02%
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Gainers
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18
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Losers
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27 |
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Un-Changed
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50
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Total 95
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95
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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 remained flat at N305.60 against the US Dollar. The Investors and Exporters (I&E) FX window opened at N365.68 and closed at N362.50. A total of $157.87 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 96.67% and 99.25%, representing an uptrend from Friday’s closing position of 55.83% and 59.25% respectively.
The CBN further conducted an OMO auction today to mop up excess liquidity, selling a total of N180 million and N9.21 billion of 192-day and 360-day maturities at a stop rate of 17.95% and 18.55% respectively.
We expect money market to trade with existing volatility in the next session.