The equity market on Monday marginally shed 0.02% to begin the week in the red.However, market breadth closed positive, recording 23 gainers against 20 losers.
In summary, the All Share Index (ASI) shed 8.76 absolute points, representing a decline of 0.02% to close at 36,930.83 points. The Market Capitalization shed N2.98 billion, representing a decline of 0.02% to close at N12.78 trillion.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; TOTAL (-4.66%), INTBREW (-3.52%), FLOURMILL (-2.73%), 7UP (-2.22%), UBA (-2.02%), ZENITHBANK(-0.89%), FBNH (-0.71%) and NB (-0.03%).
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MARKET STATISTICS- November 6, 2017 YTD:+37.42%
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Cap (N)
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12,781,651,985,420.91
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One Day(ASI CHG)
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-0.02%
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Index
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36,930.83
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One Week(ASI CHG)
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+1.22%
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Volume
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466,522,161
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One Month(ASI CHG)
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+1.68%
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Value (N)
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2,902,888,050.39
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Six Months(ASI CHG)
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+41.44%
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Deals
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4,274
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52 Weeks(ASI CHG)
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+36.59%
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Gainers
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23 |
Losers
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20 |
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Un-Changed
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52
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Total
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95
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Also, find the ‘link’ Corporate Benefits & Relevant Dates reported thus far in 2017.
Foreign Exchange
The Naira at the inter-bank (official) market remained flat at N305.90 against the US Dollar against Friday’s close. The Investors and Exporters (I&E) FX window opened at N360.15, traded high at N361.50 and eventually closed at N360.05, representing a depreciation of 0.14%. A total of $149.90million 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 37.50% and 38.92%, representing 1.17% uptrend and 0.50% downtrend from Friday’s closing positions respectively.
We expect the money market to trade within existing range in the next session.