The equity market on Monday began the week shedding 0.48%, beginning the week in the red and extending bearish run to two trading sessions. Similarly, market breadth closed negative, recording 16 gainers against 23 losers.
In summary, the All Share Index (ASI) shed 175.58 absolute points, representing a decline of 0.48% to close at 36,411.73 points. Similarly, the Market Capitalization shed N60.43 billion, representing a decline of 0.48% to close at N12.53 trillion.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; WAPCO (-9.75%), PRESCO (-4.41%), NB (-1.88%), NASCON (-1.52%), GUINNESS (-0.64%) STANBIC (-0.56%), DANGSUGAR (-0.14%) and NESTLE (-0.02%).
|
MARKET STATISTICS- October 23, 2017 YTD:+35.49%
|
|||
|
Cap (N)
|
12,533,526,509,268.85
|
One Day(ASI CHG)
|
-0.48%
|
|
Index
|
36,411.73
|
One Week(ASI CHG)
|
-1.51%
|
|
Volume
|
253,537,418
|
One Month(ASI CHG)
|
+2.60%
|
|
Value (N)
|
2,699,400,207.42
|
Six Months(ASI CHG)
|
+44.44%
|
|
Deals
|
3,609
|
52 Weeks(ASI CHG)
|
+32.28%
|
|
Gainers
|
16 |
Losers
|
23 |
|
Un-Changed
|
57
|
Total
|
96 |
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 N305.65 against the US Dollar. The Investors and Exporters (I&E) FX window opened at N359.61, traded high at N362.50 and eventually closed at N360.13, representing a depreciation of 0.05%. A total of $156.43million 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 135.00% and 148.00%, representing a 25.00% and 30.00% uptrend from previous closing positions respectively.
The CBN conducted OMO auction today to mop up excess liquidity, selling a total of N58.79 million of 87-day maturity at a stop rate of 16% and N17.93 billion of 192-day maturity at a stop rate of 17.81%.
We expect the FX market to trade within existing range in the next session.