The equity market Tuesday gained 0.33%, reversing two days bearish rally. Similarly, market breadth closed positive, recording 22 gainers against 14 losers.
In summary, the All Share Index (ASI) gained 119.89 absolute points, representing a growth of 0.33% to close at 36,531.62 points. Similarly, the Market Capitalization gained N41.27 billion, representing a growth of 0.33% to close at N12.57 trillion.
The Upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; NASCON (+10.23%), UACN (+3.67%), DANGFLOUR (+3.62%), DANGSUGAR(+2.79%), NB (+2.55%) ACCESS (+1.33%), UBA (+1.11%), ZENITHBANK (+0.80%), FBNH (+0.67%) and GUARANTY (0.36%).
MARKET STATISTICS- October 24, 2017 YTD:+35.93% | |||
Cap (N) | 12,574,795,895,557.55 | One Day(ASI CHG) | +0.33% |
Index | 36,531.62 | One Week(ASI CHG) | -0.38% |
Volume | 199,855,479 | One Month(ASI CHG) | +2.94% |
Value (N) | 1,810,544,831.07 | Six Months(ASI CHG) | +44.44% |
Deals | 3,657 | 52 Weeks(ASI CHG) | +32.28% |
Gainers | 22 | Losers | 14 |
Un-Changed | 64 | Total | 100 |
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 at N305.70 against the US Dollar, representing a marginal appreciation of 0.02%. The Investors and Exporters (I&E) FX window opened at N359.90, traded high at N361.50 and eventually closed at N360.39, representing an appreciation of 0.07%. A total of $146.06million 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 113.33% and 120.08%, representing a 21.67% and 28.25% downtrend from previous closing positions respectively.
The CBN conducted OMO auction today to mop up excess liquidity, selling a total of N11.36 billion of 191-day maturity at a stop rate of 17.80%.
We expect the FX market to trade within existing range in the next session.
