The equity market on Monday opened the week by shedding 0.38% and remaining in the negative territory. Similarly, market breadth closed negative, recording 14 gainers against 18losers.
In summary, the All Share Index (ASI) shed 132.50 absolute points, representing a decline of 0.38% to close at 34,873.07 points. Similarly, the Market Capitalization shed N46.48 billion, representing a decline of 0.38% to close at N12.02 trillion.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; SEPLAT (-5.00%), OANDO (-4.96%), PRESCO (-4.12%), FBNH (-3.39%), NB (-2.86%), ACCESS (-1.72%), DANGFLOUR (-1.55%) and ZENITH (-0.41%).
MARKET STATISTICS- September 18, 2017 YTD:+29.76% | |||
Cap (N) | 12,021,505,155,435.29 | One Day(ASI CHG) | -0.38% |
Index | 34,873.07 | One Week(ASI CHG) | -2.22% |
Volume | 162,737,902 | One Month(ASI CHG) | -5.55% |
Value (N) | 1,537,488,160.46 | Six Months(ASI CHG) | +38.36% |
Deals | 3,225 | 52 Weeks(ASI CHG) | +26.26% |
Gainers | 14 | Losers 18 | |
Un-Changed | 79 | Total 111 |
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 at N305.90 against the US Dollar representing a marginal appreciation against previous close. The Investors and Exporters (I&E) FX window opened at N359.66, traded high at N362.00 and eventually closed at N359.06. A total of $131.84 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 10.33% and 11.42%, representing a downtrend from Friday’s closing position of 11.33% and 12.17% respectively.
We expect money market to trade within the existing range in the next session.
GTICapital