Equity Market gains 0.01% to escape into positive territory.

Must Read

Lagos State Government bans Okadas, Tricyles, including Opay, Gokada

…Restricts Their Operations On 50 Highways, Bridges Lagos State Government on Monday wielded the big stick against the menace of...

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...

Reckitt Benckiser donates £5.5 million to combat Coronavirus

Reckitt Benckiser (RB) and Mead Johnson donate RMB 50 million (£5.5 million) in cash & antibacterial products to combat...
- Advertisement -
The equity market on Thursday gained 0.01%, reversing downtrend to enter positive territory.However, market breadth closed negative, recording 19 gainers against 20 losers. 
 
In summary, the All Share Index (ASI) gained 4.13 absolute points, representing a growth of 0.01% to close at 36,645.65 points. Similarly, the Market Capitalization gained N1.43 billionrepresenting a growth of 0.01% to close at N12.61 trillion.
- Advertisement -

The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; FIDSON (+4.97%), GLAXOSMITH (+3.67%), CADBURY (+2.94%), STANBIC (+2.55%), DANGSUGAR (+1.12%), ETERNA (+0.29%), DANGFLOUR (+0.15%) and NESTLE (+0.02%).

MARKET STATISTICS- October 19, 2017                                              YTD:+36.36%
 Cap (N)
12,614,047,589,580.44
One Day(ASI CHG)
 +0.01%
Index
36,645.65
One Week(ASI CHG)
 -0.24%
Volume
140,876,989          
One Month(ASI CHG)
 +5.16%
Value (N)
1,722,705,827.68
Six Months(ASI CHG)
 +44.44%
Deals
4,159       
52 Weeks(ASI CHG)
 +32.28%
Gainers
19
Losers
 20
Un-Changed
54
Total
 93
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 flat at N305.60 against the US Dollar. The Investors and Exporters (I&E) FX window opened at N359.75, traded high at N361.70 and eventually closed at N360.30, representing an appreciation of 0.01%. A total of $326.03million 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  21.67% and 23.33%, representing a 0.83% and 0.42% uptrend from previous closing positions respectively.

We expect money market to trade within existing range in the next session.
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

Google opens first Google Developers Space in Lagos (Photos)

28 January 2020 - Today, Google launched its first Google Developers Space in Lagos, Nigeria. Previously referred to...

Union Bank Announces Planned Divestment of its UK Subsidiary

LAGOS, NIGERIA – January 28, 2020 – Union Bank of Nigeria Plc. (“Union Bank”) today announced that it has entered a share sale and...

Huawei & Samsung Capture 73% Share of Global 5G Smartphone Shipments in 2019 – Report

According to the latest research from Strategy Analytics, global 5G smartphone shipments reached 19 million units in 2019. Demand was much higher than expected. Huawei...

Ikeja Electric records reduced ATC&C, improved sustainable power in 2019

…commits to improving service delivery in 2020 Lagos, Nigeria; 28th January 2020: Despite challenges that characterized the power sector in 2019, Ikeja Electric Plc (IE), Nigeria’s...

More Articles Like This