The equity market on Wednesday gained 0.55%, sustaining yesterdays uptrend.Similarly, market breadth closed positive, recording 32 gainers against 8 losers.
In summary, the All Share Index (ASI) gained 205.47 absolute points, representing a growth of 0.55% to close at 37,709.20 points. The Market Capitalization gained N71.56 billion, representing a growth of 0.55% to close at N13.13 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; FO (+4.98%), CADBURY (+4.94%), UNILEVER (+4.89%), DANGFLOUR (+3.28%), ETI (+3.16%), GUARANTY (+1.19%), ACCESS (+1.01%), DANGSUGAR (+0.51%), FBNH (+0.43%) and ZENITHBANK (+0.12%).
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MARKET STATISTICS- November 29, 2017 YTD:+40.32%
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Cap (N)
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13,132,598,414,808.31
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One Day(ASI CHG)
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+0.55%
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Index
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37,709.20
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One Week(ASI CHG)
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+3.01%
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Volume
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441,808,411
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One Month(ASICHG)
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+3.42%
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Value (N)
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4,804,638,719.30
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Six Months(ASI CHG)
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+32.10%
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Deals
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4,263
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52 Weeks(ASI CHG)
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+46.59%
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Gainers
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32 |
Losers
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8 |
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Un-Changed
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53
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Total
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93
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Also, find the ‘link’ Corporate Benefits & Relevant Dates reported thus far in 2017.
Kindly note that Global Spectrum Energy Services PLC, an energy firm today listed a total of 800 million issued and fully paid-up ordinary shares of 50k each at N5.25
Foreign Exchange
The Naira at the inter-bank (official) market closed at N305.75 against the US Dollar representing a marginal depreciation of 0.02% against yesterday’s closing position. The Investors and Exporters (I&E) FX window opened at N359.72, traded high at N361.00 and eventually closed at N360.02, representing a depreciation of 0.1%. A total of $198.71 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 11.17% and 11.92%, representing 1.50% and 1.67% depreciation from yesterday’s closing positions respectively.
We expect the money market to trade within existing range in the next session.