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.