The equity market on Friday gained 0.19% halting yesterday’s downtrend.Similarly, market breadth closed positive, recording 19 gainers against 18 losers.
In summary, the All Share Index (ASI) gained 68.74 absolute points, representing an increase of 0.19% to close at 37,120.28 points. The Market Capitalization gained N23.79 billion, representing an increase of 0.19% to close at N12.85 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; CADBURY (+10.18%), FO (+5.00%), GUARANTY (+1.18%) and NB (+0.63%).
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MARKET STATISTICS- November 10, 2017 YTD:+38.12%
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Cap (N)
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12,847,216,950,702.06
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One Day(ASI CHG)
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+0.19%
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Index
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37,120.28
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One Week(ASI CHG)
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+0.49%
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Volume
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175,275,822.00
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One Month(ASI CHG)
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+0.93%
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Value (N)
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2,646,043,256.00
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Six Months(ASI CHG)
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+34.75%
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Deals
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3,235
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52 Weeks(ASI CHG)
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+41.56%
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Gainers
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19 |
Losers
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18 |
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Un-Changed
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53
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Total
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90
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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 remained flat at N305.95 against the US Dollar. The Investors and Exporters (I&E) FX window opened at N360.00, traded high at N361.50 and eventually closed at N360.40, representing a marginal depreciation of 0.04%. A total of $193.26 million was transacted through the I&E window.
We expect the FX market to trade within existing range next week.
Money Market
OBB and O/N rates closed at an average of 7.17% and 7.75%, representing 13.67% and 0.08% downtrend from yesterday’s closing positions respectively.
We expect the money market to trade within existing range next week.
