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 billion, representing a growth of 0.01% to close at N12.61 trillion.
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.
