Equity Market gains 1.42%, sustains yesterdays uptrend

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The equity market on Thursday posted a gain of 1.42%, to sustain yesterdays uptrend. However, market breadth closed negative, recording 19 gainers against 22 losers
In summary, the All Share Index (ASI) gained 503.30 absolute points, representing a growth of 1.42% to close at 36,112.37 points. Similarly, the Market Capitalization gained N174.79 billionrepresenting a growth of 1.42% to close at N12.45 trillion.
The Upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; GUINNESS (+10.23%), DANGCEM (+4.73%), STANBIC (+3.88%), FLOURMILL (+3.45%), DANGSUGAR (+3.45%), WAPCO (+1.33%), NB (+0.77%) and GTB (+0.08%).

MARKET STATISTICS- September 07, 2017                                          YTD:+34.37%
 Cap (N)
12,448,266,179,945.92
One Day(ASI CHG)
 +1.42%
Index
36,112.37                     
One Week(ASI CHG)
 +1.71%
Volume
222,691,343
One Month(ASI CHG)
 -3.77%
Value (N)
4,168,993,967.59
Six Months(ASI CHG)
 +40.17%
Deals
4,622
52 Weeks(ASI CHG)
 +28.64%
Gainers
19                                        
Losers   
 22
Un-Changed
46                                         
Total         
 87
Also, find in the ‘link’ Corporate Benefits & Relevant Dates reported thus far in 2017.
Foreign Exchange
The Naira at the inter-bank (official) market closed at N305.95 against the US Dollar, representing a marginal decline against previous close. The Investors and Exporters (I&E) FX window opened at N358.97, traded high at N363.00 and eventually closed at N359.70. A total of $100.33 million was transacted.  
We expect the FX market to trade within existing range in the next session.
 
Money Market
OBB and O/N rates closed at an average of 8.83% and 9.33%, representing a downtrend from previous closing position of 10.33% and 11.00% respectively.
We expect money market to trade with existing volatility in the next session. 
 
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