The Equity Market on Tuesday gained 0.42%, sustaining yesterday’s uptrend. Similarly, market breadth closed positive, recording 34 gainers against 24 losers.
In summary, the All Share Index (ASI) gained 187.31 absolute points, representing a growth of 0.42% to close at 44,493.79 points. Similarly, the Market Capitalization gained N67.15 billion, representing a growth of 0.42% to close at N15.95 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; BETAGLASS (+4.97%), GUINNESS (+2.73%), STANBIC(+2.22%), DANGFLOUR (+1.86%), PRESCO (+1.43%), UBN (+1.23%), DANGCEM (+0.75%), FBNH (+0.75%), GUARANTY (+0.53%), DANGSUGAR (+0.48%) and WAPCO (+0.38%).
MARKET STATISTICS- January 30th, 2018 YTD:+16.34% | |||
Cap (N) | 15,949,697,954,473.97 | One Day(ASI CHG) | +0.42% |
Index | 44,493.79 | One Week(ASI CHG) | +0.23% |
Volume | 876,976,096 | One Month(ASICHG) | +17.12% |
Value (N) | 7,430,142,974.12 | Six Months(ASI CHG) | +19.14% |
Deals | 8,780 | 52 Weeks(ASI CHG) | +66.50% |
Gainers | 34 | Losers | 24 |
Un-Changed | 47 | Total 105 | |
Foreign Exchange
The Naira at the inter-bank (official) remained unchanged at N305.70, yesterday’s closing price. The Investors and Exporters (I&E) FX window opened at N359.91, traded high at N361.50 and eventually closed at N360.39, representing a 0.01% depreciation against yesterday’s closing price. A total of $334.32 million was transacted through the I&E window today.
We expect the FX market to trade within existing range in the next session.
Money Market
OBB and O/N rates closed at 4.83% and 5.58%, representing a 1.00% and 1.00% depreciation respectively against yesterday’s closing position.
We expect the money market to trade within existing range in the next session.
