The equity market on Friday gained 0.31% to end the week in the green. Similarly, market breadth closed positive, recording 28 gainers against 13 losers.
In summary, the All Share Index (ASI) gained 113.22 absolute points, representing a growth of 0.31% to close at 36,845.46 points. Similarly, the Market Capitalization gained N38.97 billion, representing a growth of 0.31% to close at N12.68 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; WAPCO (+2.75%), STANBIC (+1.97%), UACN (+1.25%), ZENITHBANK (+0.95%), ETI (+0.90%), GUINNESS (+0.76%), GUARANTY (+0.72%), UBA (+0.33%), ACCESS (+0.10%) andNESTLE (+0.04%).
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MARKET STATISTICS- October 13, 2017 YTD:+37.10%
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Cap (N)
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12,682,822,463,856.70
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One Day(ASI CHG)
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+0.31%
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Index
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36,845.46
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One Week(ASI CHG)
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+1.44%
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Volume
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156,389,829
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One Month(ASI CHG)
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+3.89%
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Value (N)
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2,186,062,622.65
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Six Months(ASI CHG)
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+44.44%
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Deals
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3,175
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52 Weeks(ASI CHG)
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+32.28%
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Gainers
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28
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Losers
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13 |
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Un-Changed
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51
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Total
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92
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Also, find in the ‘link’ Corporate Benefits & Relevant Dates reported thus far in 2017.
Please, note that the 67th Annual General Meeting of Cappa and D’Alberto Plc will be held at the Muson Center, Onikan, Lagos on Wednesday, 18th October, 2017 at 11.00 a.m.
Foreign Exchange
The Naira at the inter-bank (official) market closed at N305.50 against the US Dollar representing a marginal depreciation against previous close. The Investors and Exporters (I&E) FX window opened at N359.97, traded high at N362.00 and eventually closed atN360.43, representing a depreciation of 0.02%. A total of $341.25 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 33.33% and 35.33%, representing a 10.83% and 9.42% uptrend from previous closing positions respectively.
The CBN conducted OMO auction today to mop up excess liquidity, selling a total of N34.81 billion of 181-day maturity at a stop rate of 17.84%
We expect money market to trade within existing range next week.