Equity & Money Market Summary: Equity Market gains 0.06% halting bearish rally.

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The equity market on Monday began the week on a positive note gaining 0.06%.However, market breadth closed negative, recording 18 gainers against 21 losers. 
 
In summary, the All Share Index (ASI) gained 22.04 absolute points, representing a growth of 0.06% to close at 36,484.30 points. The Market Capitalization gained N7.63 billionrepresenting a growth of 0.06% to close at N12.63 trillion.

The Upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; DANGFLOUR (+10.19%), FO (+7.05%), TOTAL (+3.11%), ETI(+2.58%), UBA (+2.47%), ZENITHBANK (+1.13%), GUINNESS (+0.34%) and DANGCEM (+0.01%).

MARKET STATISTICS- October 30, 2017                                              YTD:+35.76%
 Cap (N)
12,627,107,633,966.09
One Day(ASI CHG)
 +0.06%
Index
36,484.30
One Week(ASI CHG)
 +0.20%
Volume
174,957,606                
One Month(ASI CHG)
 +2.95%
Value (N)
1,824,073,186.24
Six Months(ASI CHG)
 +41.58%
Deals
3,401       
52 Weeks(ASI CHG)
 +33.87%
Gainers
18
Losers
 21
Un-Changed
52
Total
 91
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 N305.80 against the US Dollar, representing 0.02% appreciation against Friday’s close.  The Investors and Exporters (I&E) FX window opened at N359.91, traded high at N362.00 and eventually closed atN360.61, representing a marginal appreciation of 0.08%. A total of $108.34 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  18.00% and 20.00%, representing 2.17% and 1.25% uptrend from Friday’s closing positions respectively.
The CBN conducted OMO auction today to mop up excess liquidity, selling a total of N2.46 billion of 192-day maturity at a stop rate of 17.80% and N6.30 billion of 115- day maturity at a stop rate of 16.00%. 
We expect the FX market to trade within existing range in the next session.  
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Equity & Money Market Summary: Equity Market gains 0.06% halting bearish rally. - Brand SpurEquity & Money Market Summary: Equity Market gains 0.06% halting bearish rally. - Brand Spur
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Equity & Money Market Summary: Equity Market gains 0.06% halting bearish rally. - Brand SpurEquity & Money Market Summary: Equity Market gains 0.06% halting bearish rally. - Brand Spur

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- Advertisement -Equity & Money Market Summary: Equity Market gains 0.06% halting bearish rally. - Brand SpurEquity & Money Market Summary: Equity Market gains 0.06% halting bearish rally. - Brand Spur