The equity market on Tuesday shed 0.96% reversing yesterdays gains to end in negative territory. Similarly, market breadth closed negative, recording 12 gainers against 32 losers.
In summary, the All Share Index (ASI) shed 358.87 absolute points, representing a decline of 0.96% to close at 36,953.41 points. The Market Capitalization shed N124.20 billion, representing a decline of 0.96% to close at N12.79 trillion.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; DANGFLOUR (-3.17%), NESTLE (-3.10%), WAPCO(-2.82%), PZ (-2.61%), FBNH (-1.67%), DANGSUGAR (-1.06%), DANGCEM (-0.61%)and GUARANTY (-0.31%).
MARKET STATISTICS- November 14, 2017 YTD:+37.50% | |||
Cap (N) | 12,789,465,341,373.59 | One Day(ASI CHG) | -0.96% |
Index | 36,953.41 | One Week(ASI CHG) | -0.16% |
Volume | 238,364,465 | One Month(ASI CHG) | +0.29% |
Value (N) | 3,416,961,721.69 | Six Months(ASI CHG) | +34.75% |
Deals | 4,238 | 52 Weeks(ASI CHG) | +41.56% |
Gainers | 12 | Losers | 32 |
Un-Changed | 52 | Total | 96 |
Also, find the ‘link’ for the Benefits & Relevant Dates reported thus far in 2017.
Foreign Exchange
The Naira at the inter-bank (official) market remained unchanged at N306.00 against the US Dollar.The Investors and Exporters (I&E) FX window opened at N360.75, traded high at N361.50 and eventually closed at N360.27, representing a marginal appreciation of 0.02%. A total of $96.43 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 12.17% and 13.42%, representing 5.67% and 6.33% downtrend from yesterday’s closing positions respectively.
The CBN conducted OMO auction today to mop up excess liquidity, selling a total of N950.00 million of 93-day maturity at a stop rate of 16.00% and N17.75 billion of 177-day maturity at a stop rate of 17.8%.
We expect the money market to trade within existing range in the next session.
