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 billion, representing 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.