The Equity Market on Wednesday shed 0.34%, halting prior two days uptrend. Similarly, market breadth closed negative, recording 23 gainers against 30 losers.
In summary, the All Share Index (ASI) shed 150.14 absolute points, representing a decline of 0.34% to close at 44,343.65 points. Similarly, the Market Capitalization shed N53.82 billion, representing a decline of 0.34% to close at N15.90 trillion.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; INTBREW (-4.92%), PZ (-4.88%), UBN (-3.66%), NB (-2.00%), UBA (-1.17%), FBNH (-1.06%) and DANGSUGAR (-0.24%).
MARKET STATISTICS- January 31st, 2018 YTD:+15.95%
One Day(ASI CHG)
One Week(ASI CHG)
Six Months(ASI CHG)
52 Weeks(ASI CHG)
Find in the ‘link’ Corporate Benefits & Relevant Dates reported thus far in 2018
The Naira at the inter-bank (official) remained unchanged at N305.70, against yesterday’s closing price. The Investors and Exporters (I&E) FX window opened at N360.17, traded high at N362.00 and eventually closed at N360.00, representing a 0.11% appreciation against yesterday’s closing price. A total of $125.08 million was transacted through the I&E window today.
We expect the FX market to trade within existing range in the next session.
OBB rates remained unchanged at 4.83% while O/N rates closed at 5.25%, representing a 0.33% depreciation against yesterday’s closing position.
We expect the money market to trade within existing range in the next session.