The equity market on Thursday gained 0.54%, extending bullish-run to eleven trading sessions. Meanwhile, market breadth closed positively, recording 24 gainers and 19 losers.
In summary, the All Share Index (ASI) gained 180.90 absolute points, representing a gain of0.54% to close at 33,695.83 points. Similarly, the Market Capitalization gained N62.35 billion, representing a growth of 0.54% to close at N11.61 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; WAPCO (+5.00%), OANDO (+3.92%), FLOURMILLS (+2.31%), ETI (+1.90%), NESTLE (+1.83%), GTBANK (+1.08%), UBA (+0.56%), DANGCEM (+0.48%), ZENITH (+0.32%) and NB (+0.22%).
MARKET STATISTICS- July 20, 2017 YTD: +25.38% | |||
Cap (N) | 11,613,289,475,389.31 | One Day(ASI CHG) | +0.54% |
Index | 33,695.83 | One Week(ASI CHG) | +1.35% |
Volume | 191,430,079 | One Month(ASI CHG) | -1.98% |
Value (N) | 2,181,784,442.68 | Six Months(ASI CHG) | +26.35% |
Deals | 3,718 | 52 Weeks(ASI CHG) | +15.88% |
Gainers | 29 | Losers | 19 |
Un-Changed | 47 | Total | 95 |
Also, find in the ‘link’ Corporate Benefits & Relevant Dates reported thus far in 2017.
Foreign Exchange
The Naira at the inter-bank market closed at N305.80 against the US Dollar, indicating a marginal depreciation against previous close. The Investors and Exporters (I&E) FX window closed at N366.67, representing a marginal depreciation of 0.17% against previous close. A total of $109.49 million was transacted.
We expect the FX market to trade within existing range in next session.
Money Market
OBB and Overnight rates closed at an average of 4.83% and 5.21% respectively. O/N decline by marginal 0.04% against Wednesday’s closing position.
The CBN conducted a further OMO auction today to mop up excess liquidity, selling a total of N688.23 million of 196-day and N127.01 billion of 364-Day T-bills at a stop rate of 17.95% and 18.55% respectively.
We expect money market to trade with existing volatility in next day.