The Equity Market on Wednesday shed 0.77%, extending the bearish run to three days in a row. Similarly, market breadth closed negative, recording 18 gainers against 40 losers.
In summary, the All Share Index (ASI) shed 334.14 absolute points, representing a decline of 0.77% to close at 43,538.16 points. Similarly, the Market Capitalization shed N121.70 billion, representing a decline of 0.77% to close at N15.62 trillion.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; MOBIL (-5.00%), JBERGER (-4.58%), STANBIC (-3.51%), DANGCEM (-2.22%), NB (-2.00%), FBNH (-1.16%), ACCESS (-0.79%), DANGFLOUR (-0.62%), FLOURMILL (-0.62%), INTBREW (-0.43%) and TOTAL (-0.43%).
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MARKET STATISTICS- February 7th, 2018 YTD:+13.85%
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Cap (N)
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15,623,948,509,105.38
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One Day(ASI CHG)
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-0.77%
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Index
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43,538.16
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One Week(ASI CHG)
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-1.82%
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Volume
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508,299,085
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One Month(ASICHG)
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+11.83%
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Value (N)
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4,570,825,182.14
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Six Months(ASI CHG)
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+19.14%
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Deals
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6,155
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52 Weeks(ASI CHG)
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+66.50%
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Gainers
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40 |
Losers
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18 |
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Un-Changed
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49
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Total
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107
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Kindly find in the ‘link’ Corporate Benefits & Relevant Dates reported thus far in 2018.
Foreign Exchange
The Naira at the inter-bank (official) remained closed flat at N305.85 representing 0.02% against Yesterday’s closing price. The Investors and Exporters (I&E) FX window opened at N360.00, traded high at N361.50 and eventually closed at N36.21, representing a 0.03% appreciation against Yesterday’s closing price. A total of $212.31 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 53.00% and 53.08%, representing a 17.20% and 15.67% appreciation against Yesterday’s closing position.
We expect the money market to trade within existing range in the next session.