UBA, SEPLAT, 29 Others Led Equity Market to Close Higher, Post 0.84% Gain.

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The equity market closed higher today as it gained 0.84%, extending uptrend to three consecutive trading sessions. The growth was aided by the sterling performance of UBA, SEPLAT, and 29 others. Market breadth closed positive, recording 31 gainers against 22 losers.

In summary, the All Share Index (ASI) was up by 309.08 absolute points, representing a growth of 0.84%, closing at 36,946.05 points. Similarly, the market capitalization increased by N111.97 billion, representing a growth of 0.84% closing at N13.38 trillion.

The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; SEPLAT (+10.00%), OANDO (+9.52%), FLOURMILL (+8.47%), TRANSCORP (+5.74%), PZ (+5.61%), UBN (+5.36%), FO (+4.38%), DANGSUGAR (+3.03%), ETI (+3.39%), GUARANTY (+2.27%), UBA (+1.03%), FBNH (+0.50%), NB (+0.48%) and NESTLE (+0.07%).

MARKET STATISTICS

CAP N13,383,726,077,111.07 One Day (ASI CHG) +0.84
Index 36,946.05 One Week (ASI CHG) +0.64
Volume 319,404,219 One Month (ASI CHG) -3.48
Value N3,048,305,575.31 Six Month (ASI CHG) -16.61
Deals 4,091 52 Weeks (ASI CHG) +3.07
Gainers 31 Losers 22
Unchanged 51 Total 104
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YTD:    -3.39

FOREIGN EXCHANGE

The Naira at the inter-bank rate closed unchanged at N305.90 against Friday’s closing price.

The Investors and Exporters (I&E) FX window opened at N361.95, traded high at N363.00 and eventually closed at N361.78, representing a 0.14% appreciation against Friday’s closing price. A total of $106.26 million was transacted through the I&E window today.

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We expect the FX Market to trade within the existing range in the next session.

MONEY MARKET 

Overnight (O/N) rate closed at 9.92%, representing a 2.67% appreciation against Friday’sclosing position, while Open Buy-Back (OBB) rate closed at 9.42% representing a 2.58% appreciation against Friday’s closing position.

We expect the Money Market to trade within an existing range in the next session.

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FIXED INCOME

SECURITIES Prev. Close Close Change
BOND 680.68 678.76 -2
T.BILLS 392.44 378.53 -14
Read Also:  Hundreds of Runners Braved the Rain to “eRace Cancer” at NSE Corporate Challenge (Photos)
Note: BPS => Basis Points
CORPORATE DISCLOSURE
Kindly be informed that the suspension placed on the trading of the Shares of Universal Insurance Plc has been lifted effective today, 30 July 2018. 

Please note that Mutual Benefits Assurance Plc has proposed Rights Issue of 4,000,000,000 ordinary shares of 50 Kobo each at the offer price of 50 Kobo per share on the basis of one (1) new ordinary share for every two (2) ordinary shares held as at 1 November 2017. Offer for subscription will open as shown below:

  • Acceptance list opens: Monday, 6 August 2018
  • Acceptance list closes: Friday, 14 September 2018.
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UBA, SEPLAT, 29 Others Led Equity Market to Close Higher, Post 0.84% Gain. - Brand SpurUBA, SEPLAT, 29 Others Led Equity Market to Close Higher, Post 0.84% Gain. - Brand Spur

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UBA, SEPLAT, 29 Others Led Equity Market to Close Higher, Post 0.84% Gain. - Brand SpurUBA, SEPLAT, 29 Others Led Equity Market to Close Higher, Post 0.84% Gain. - Brand Spur

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- Advertisement -UBA, SEPLAT, 29 Others Led Equity Market to Close Higher, Post 0.84% Gain. - Brand SpurUBA, SEPLAT, 29 Others Led Equity Market to Close Higher, Post 0.84% Gain. - Brand Spur