The equity market closed lower today, shedding 0.13% to extend downtrend to seven straight sessions. Market breadth closed negative, recording 13 gainers against 26 losers.
In summary, the All Share Index (ASI) was down by 47.19 absolute points, representing a dip of 0.13%, closing at 35,399.28 points. Similarly, the Market Capitalization decreased by N17.23 billion, representing a dip of 0.13%, closing at N12.92 trillion.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; WEMABANK (-7.35%), OANDO (-5.41%), GUINNESS (-4.26%), UBA (-3.17%), DIAMONDBNK (-2.52%), FLOURMILL (-2.44%), DANGSUGAR (-1.29%), ACCESS (-1.00%), ZENITHBANK (-0.64%), GUARANTY (-0.51%) and FO (-0.22%).
MARKET STATISTICS
| AP | N12,923,948,409,857.30 | One Day (ASI CHG) | -0.13 |
| Index | 35,399.28 | One Week (ASI CHG) | -2.96 |
| Volume | 160,433,891 | One Month (ASI CHG) | -4.91 |
| Value | N2,214,810,899.07 | Six Month (ASI CHG) | -17.17 |
| Deals | 3,120 | 52 Weeks (ASI CHG) | -6.72 |
| Gainers | 13 | Losers | 26 |
| Unchanged | 69 | Total | 108 |
YTD: -7.44
FOREIGN EXCHANGE
The Naira at the inter-bank rate closed at N306.05, representing a 0.02% depreciation against Friday’s closing price.
The Investors and Exporters (I&E) FX window opened at N361.85, traded high at N363.35 and eventually closed at N362.20, representing a 0.06% depreciation against Friday’s closing price. A total of $258.28 million was transacted through the I&E window today.
We expect the FX Market to trade within an existing range in the next session.
MONEY MARKET
Overnight (O/N) rate closed at 12.42%, representing a 3.17% depreciation against Friday’sclosing position, while Open Buy-Back (OBB) rate closed at 11.75% representing a 3.33% depreciation against Friday’s closing position.
We expect the Money Market to trade within an existing range in the next session.
| SECURITIES | Prev. Close | Close | Change |
| BOND | 715.82 | 723.82 | +8 bps |
| T.BILLS | 360.09 | 363.67 | +4 bps |
| Note: BPS => Basis Points |
CORPORATE DISCLOSURE
Kindly be informed that the equity price of Aluminium Extrusion Industries Plc was adjusted today 13th August 2018 for a dividend of N0.085. The last close price was N8.30 hence the ex-div price N8.22.
