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%).
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MARKET STATISTICS- October 24, 2017 YTD:+35.93%
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Cap (N)
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12,574,795,895,557.55
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One Day(ASI CHG)
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+0.33%
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Index
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36,531.62
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One Week(ASI CHG)
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-0.38%
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Volume
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199,855,479
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One Month(ASI CHG)
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+2.94%
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Value (N)
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1,810,544,831.07
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Six Months(ASI CHG)
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+44.44%
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Deals
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3,657
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52 Weeks(ASI CHG)
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+32.28%
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Gainers
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22 |
Losers
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14 |
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Un-Changed
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64
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Total
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100
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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.