The equity market on Monday gained 0.52% beginning the week in the green and extending rally to two consecutive days. However, market breadth closed negative, recording 16 gainers against 24 losers.
In summary, the All Share Index (ASI) gained 192.00 absolute points, representing an increase of 0.52% to close at 37,312.28 points. The Market Capitalization gained N218.73 billion, representing an increase of 1.72% to close at N12.91 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; FO (+8.78%), OKOMUOIL (+4.60%), DANGCEM (+3.93%) and GUINNESS (+0.01%).
MARKET STATISTICS- November 13, 2017 YTD:+38.84%
One Day(ASI CHG)
One Week(ASI CHG)
One Month(ASI CHG)
Six Months(ASI CHG)
52 Weeks(ASI CHG)
Also, find in the ‘link’ Corporate Benefits & Relevant Dates reported thus far in 2017.
The Naira at the inter-bank (official) market closed at N306.20 against the US Dollar, representing a marginal appreciation of 0.02% against Fridays closing position. The Investors and Exporters (I&E) FX window opened at N359.53, traded high at N365.50 and eventually closed at N360.20, representing a marginal depreciation of 0.06%. A total of $266.41 million was transacted through the I&E window.
We expect the FX market to trade within existing range in the next session.
OBB and O/N rates closed at an average of 17.83% and 19.75%, representing 10.67% and 12.00% uptrend from Friday’s closing positions respectively.
We expect the money market to trade within existing range in the next session.