The equity market on Wednesday gained 0.23%, extending bullish-run to ten trading sessions. Meanwhile, market breadth closed at par, recording 24 apiece.
In summary, the All Share Index (ASI) gained 78.62 absolute points, representing a gain of0.23% to close at 33,514.93 points. Similarly, the Market Capitalization gained N26.99 billion, representing a growth of 0.23% to close at N11.55 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; PZ (+5.00%), OANDO (+4.99%), GUINNESS (+4.92%), FBNH (+4.22%), STANBIC (+3.14%), ETI (+3.08%), OKOMUOIL (+2.38%), SEPLAT (+2.10%), ZENITH (+2.09%), UBA (+1.14%), GTBANK (+0.82%), and NB (+0.56%).
MARKET STATISTICS- July 19, 2017 YTD: +24.71% | |||
Cap (N) | 11,550,943,562,369.10 | One Day(ASI CHG) | +0.23% |
Index | 33,514.93 | One Week(ASI CHG) | +1.62% |
Volume | 331,430,651 | One Month(ASI CHG) | -1.82% |
Value (N) | 3,244,901,166.13 | Six Months(ASI CHG) | +26.35% |
Deals | 4,055 | 52 Weeks(ASI CHG) | +15.88% |
Gainers | 24 | Losers | 24 |
Un-Changed | 53 | Total | 101 |
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 N305.35 against the US Dollar, indicating a marginal downgrade against previous close. The Investors and Exporters (I&E) FX window closed at N367.60, representing a marginal growth of 1.11% against previous close. A total of $48.73 million was transacted.
We expect the FX market to trade within existing range in the next session.
Money Market
OBB and Overnight rates closed at an average of 5.25% and 4.83% respectively, representing a marginal decline from Tuesday’s closing positions.
The CBN conducted a further OMO auction today to mop up excess liquidity, selling a total of N32.4 billion, N26.6 billion, and N145.96 billion of 91-day, 182-day, and 264-Day T-bills at a stop rate of 13.43%, 17.39% and 18.55% respectively.
We expect money market to trade with existing volatility in the next session.
Thank You.