The equity market on Friday shed 0.15% to close the week in the red for the second day in succession. However, market breadth closed at par, recording 23 gainers against 23 losers.
In summary, the All Share Index (ASI) shed 55.22 absolute points, representing a decline of 0.15% to close at 36,462.26 points. The Market Capitalization gained N19.11 billion, representing a decline of 0.15% to close at N12.62 trillion.
The Downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; TOTAL (-5.00%), FO (-4.99%), INTBREW (-4.98%), NASCON (-4.95%), UNILEVER (-2.77%), NB (-1.94%), GUINNESS (-0.95%), UBA (-0.32%), DANGFLOUR (-0.24%) and DANGCEM (-0.01%).
|
MARKET STATISTICS- October 27, 2017 YTD:+35.68%
|
|||
|
Cap (N)
|
12,619,481,251,643.94
|
One Day(ASI CHG)
|
-0.15%
|
|
Index
|
36,462.26
|
One Week(ASI CHG)
|
-0.34%
|
|
Volume
|
250,893,672
|
One Month(ASI CHG)
|
+3.87%
|
|
Value (N)
|
3,008,132,030.82
|
Six Months(ASI CHG)
|
+41.58%
|
|
Deals
|
3,968
|
52 Weeks(ASI CHG)
|
+33.87%
|
|
Gainers
|
23 |
Losers
|
23 |
|
Un-Changed
|
58
|
Total
|
104
|
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 N305.75 against the US Dollar, representing 0.02% depreciation against previous close. The Investors and Exporters (I&E) FX window opened at N359.65, traded high at N362.00 and eventually closed atN360.40, representing a marginal depreciation of 0.01%. A total of $150.33 million was transacted through the I&E window.
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 16.50% and 18.58%, representing 80.17% and 82.42% downtrend from previous closing positions respectively.
We expect the money market rates to further drop lower considering the existing liquidity in the system.