The Equity Market on Thursday shed 0.49%, extending the bearish run to four consecutive trading days. Similarly, market breadth closed negative, recording 17 gainers against 26 losers.
In summary, the All Share Index (ASI) shed 211.27 absolute points, representing a decline of 0.49% to close at 43,326.89 points. Similarly, the Market Capitalization shed N75.82 billion, representing a decline of 0.49% to close at N15.55 trillion.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; NESTLE (-5.26%), NB (-3.24%), UBN (-2.37%), FBNH (-1.57%), STANBIC (-0.66%), ACCESS (-0.40%) and DANGSUGAR (-0.23%).
|
MARKET STATISTICS- February 8th, 2018 YTD:+13.29%
|
|||
|
Cap (N)
|
15,548,132,082,738.43
|
One Day(ASI CHG)
|
-0.49%
|
|
Index
|
43,326.89
|
One Week(ASI CHG)
|
-2.55%
|
|
Volume
|
2,220,961,649
|
One Month(ASICHG)
|
+8.73%
|
|
Value (N)
|
7,495,019,385.81
|
Six Months(ASI CHG)
|
+19.14%
|
|
Deals
|
5,468
|
52 Weeks(ASI CHG)
|
+66.50%
|
|
Gainers
|
17 |
Losers
|
26 |
|
Un-Changed
|
57
|
Total
|
100
|
Kindly find in the ‘link’ Corporate Benefits & Relevant Dates reported thus far in 2018.
Foreign Exchange
The Naira at the inter-bank (official) remained unchanged at N305.85 against Yesterday’s closing price. The Investors and Exporters (I&E) FX window opened at N359.96, traded high at N361.50 and eventually closed at N360.40, representing a 0.05% depreciation against Yesterday’s closing price. A total of $166.58 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 46.67% and 48.00%, representing a 6.33% and 5.08% depreciation against Yesterday’s closing position.
We expect the money market to trade within existing range in the next session.
