Equity Market Gains 0.42%, Sustains Yesterdays Uptrend

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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 billionrepresenting 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.
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Equity Market Gains 0.42%, Sustains Yesterdays Uptrend - Brand SpurEquity Market Gains 0.42%, Sustains Yesterdays Uptrend - Brand Spur

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Equity Market Gains 0.42%, Sustains Yesterdays Uptrend - Brand SpurEquity Market Gains 0.42%, Sustains Yesterdays Uptrend - Brand Spur

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