Equity Market Ended The Week In The Red, Sheds 0.59%

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The Equity Market on Friday ended the week in the negative territory, shedding 0.59% to extend downtrend for the third consecutive day. Market breadth closed negative, recording 16 gainers against 37 losers.  

In summary, the All Share Index (ASI) shed 249.48 absolute points, representing a decline of 0.59% to close at 41,935.90 points. Similarly, the Market Capitalization shed N89.25 billion, representing a loss of 0.59% to close at N15.00 trillion.

The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; FIDELITY (-9.41%), DANGSUGAR (-5.00%), UBA (-4.29%) ZENITH (-4.00%), DANGFLOUR (-3.13%), GUARANTY (-1.64%), ACCESS (-1.27%), and NESTLE (-1.08%).

MARKET STATISTICS – March 16th, 2018                       YTD: +9.66%
Cap (N)
15,001,863,703,267.10     
One Day(ASI CHG)
   -0.59%
Index
41,935.90
One Week(ASICHG)
   -2.85%
Volume
426,729,311                    
OneMonth(ASICHG)
    -1.65%
Value (N)
7,098,073,821.99
Six Months(ASICHG)
  +19.79%
Deals
5,191              
52 Weeks(ASI CHG)
  +63.47%
Gainers
16
Losers
 37
Un-Changed
51
Total
104
Kindly find in the ‘Link’  Corporate Benefits & Relevant Dates reported thus far in 2018.

Foreign Exchange

The Naira at the inter-bank ended the week at N305.75 unchanged from yesterday’s closing price. The Investors and Exporters (I&E) FX window opened at N360.06, traded high at N362.00 and eventually closed at N360.57 representing 0.14% depreciation against yesterday’s closing price. A total of $282.97million 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 11.83% and 12.92%, representing a 5.17% and 5.42% appreciation against yesterday’s closing position respectively.
We expect the money market to trade within existing range in the next session.
GTI Capital

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