EQUITY & MONEY MARKET SUMMARY: Equity Market begins the week in the Green    

EQUITY & MONEY MARKET SUMMARY: Equity Market begins the week in the Green    

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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.
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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%
 Cap (N)
 12,913,669,777,339.03 
One Day(ASI CHG)
 +0.52%
Index
37,312.28
One Week(ASI CHG)
 +1.03%
Volume
336,335,271                   
One Month(ASI CHG)
 +1.26%
Value (N)
30,023,311,037.26
Six Months(ASI CHG)
 +34.75%
Deals
3,778                
52 Weeks(ASI CHG)
 +41.56%
Gainers
16
Losers
 24
Un-Changed
62
Total
 102

Also, find in the ‘link’ Corporate Benefits & Relevant Dates reported thus far in 2017.

Read:  Falling Equity Market and the 2019 General Election: Where Lies the Hope?
Foreign Exchange
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.   
Money Market
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.  
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