The Equity Market on Thursday gained 0.24%, sustaining uptrend for the third day in a row. Similarly, market breadth closed positive, recording 24 gainers against 17 losers.
In summary, the All Share Index (ASI) gained 100.46 absolute points, representing a growth of 0.24% to close at 42,258.78 points. Similarly, the Market Capitalization gained N36.05 billion, representing a growth of 0.24% to close at N15.17 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; TOTAL (+4.78%), UBA (+3.17%), FBNH (+3.14%), ACCESS (+1.57%), FLOURMILL (+1.38%), DANGFLOUR (+1.23%), ZENITHBANK (+0.79%), UBN (+0.74%), NESTLE (+0.58%), WAPCO (+0.49%) and ETI (+0.25%).
MARKET STATISTICS- February 22nd, 2018 YTD:+10.50% | |||
Cap (N) | 15,165,175,028,312.90 | One Day(ASI CHG) | +0.24% |
Index | 42,258.78 | One Week(ASI CHG) | -0.81% |
Volume | 342,100,783 | One Month(ASICHG) | -5.91% |
Value (N) | 3,094,847,514.76 | Six Months(ASI CHG) | +18.11% |
Deals | 4,943 | 52 Weeks(ASI CHG) | +70.18% |
Gainers | 24 | Losers 17 | |
Un-Changed | 58 | Total 99 | |
Kindly find the ‘link’ Corporate Benefits & Relevant Dates reported thus far in 2018.
Foreign Exchange
The Naira at the inter-bank closed at N306.50 against Yesterday’s closing price. The Investors and Exporters (I&E) FX window opened at N360.06, traded high at N361.30 and eventually closed at N360.66, representing a 0.07% depreciation against Yesterday’s closing price. A total of $195.23 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 9.83% and 10.17%, representing a 2.17% and 3.08% depreciation against Yesterday’s closing position.
We expect the money market to trade within existing range in the next session.
