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%).
MARKET STATISTICS- November 10, 2017 YTD:+38.12% | |||
Cap (N) | 12,847,216,950,702.06 | One Day(ASI CHG) | +0.19% |
Index | 37,120.28 | One Week(ASI CHG) | +0.49% |
Volume | 175,275,822.00 | One Month(ASI CHG) | +0.93% |
Value (N) | 2,646,043,256.00 | Six Months(ASI CHG) | +34.75% |
Deals | 3,235 | 52 Weeks(ASI CHG) | +41.56% |
Gainers | 19 | Losers | 18 |
Un-Changed | 53 | Total | 90 |
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.