The equity market on Tuesday, remained in the negative territory, shedding 0.42%. Similarly, market breadth closed negative, recording 14 gainers against 26 losers.
In summary, the All Share Index (ASI) shed 151.38 absolute points, representing a loss of0.42% to close at 36,165.93 points. Similarly, the Market Capitalization dropped by N52.71 billion, representing a loss of 0.42% to close at N12.47 trillion.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; MOBIL (-5.00%), OKOMU (-4.99%), JBERGER (-4.97%), GUINNESS (-1.09%), DANGCEM (-1.09%), NB (-0.76%), FBNH (-0.34%), UBA (-0.52%), FLOURMILLS and 7UP (-0.13%).
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MARKET STATISTICS- August 29, 2017 YTD:+34.57%
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Cap (N)
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12,465,411,559,931.33
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One Day(ASI CHG)
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-0.42%
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Index
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36,165.93
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One Week(ASI CHG)
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-2.24%
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Volume
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144,452,204
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One Month(ASI CHG)
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-1.89%
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Value (N)
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1,511,836,213.27
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Six Months(ASI CHG)
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+46.71%
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Deals
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3,716
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52 Weeks(ASI CHG)
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+34.64%
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Gainers
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14
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Losers
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26 |
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Un-Changed
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61
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Total
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101
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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 (official) market closed marginally down at N305.85, representing 0.02% decline against the US Dollar. The Investors and Exporters (I&E) FX window opened at N360.66, traded high at N363.00 and eventually closed at N359.67, representing marginal 0.02% decline. A total of $107.46 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 14.25% and 15.00%, representing an decline from Monday’s closing position of 25.00% and 26.75% respectively.
The CBN conducted OMO auctions today to mop up excess liquidity. A total of N20.00 billion was offered on 100-day maturity, but they was zero investors’ participation on it, arguably on a low interest rate. On the second auction, a total of N50.00 million of 177-day maturity was sold at a stop rate of 17.95%. Total offer was N50.00 billion.
We expect money market to trade with existing volatility in the next session.
GTICapital