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 billion, representing 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.