Equity market gains 2.10% extending bull-run to four days in a row

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The Nigerian equity market on Friday ended the week experiencing massive trading activity. The ASI gained 2.10% and further extended bull-run  to four days in a row causing the market cap to surpass the 10 trillion mark. Similarly, market breadth closed positive recording 33 gainers against 20 losers.
In summary, the All Share Index (ASI) gained 596.91 absolute points, representing a growth of 2.10% to close at 29,046.52 points. Similarly, the Market Capitalization gained N206.35 billion, representing a growth of 2.10% to close at N10.05 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; FBNH (+10.41%), OANDO (+7.66%), GTB (+5.00%), ETI (+5.00%), ZENITH (+4.99%), FLOURMILLS (+4.98%), ACCESS (+3.97%), STANBIC (+3.61%), UBA (+2.74%),DANGCEM (+2.33%), PRESCO (+2.10%).

MARKET STATISTICS – May 26, 2017

YTD: +8.15%
Cap (N)

10,047,764,567,253.87

One Day(ASI CHG)  +2.10%
Index

29,064.52

One Week(ASI CHG)  +3.38%
Volume

725,542,699

One Month(ASI CHG)  +13.44%
Value (N)

5,715,138,652.92

Six Months(ASI CHG)  +14.73%
Deals

4,435

52 Weeks(ASI CHG)  +0.65%
Gainers

33

Losers 20
Un-Changed

52

Total 105
Kindly find in the ‘link’Price List of Symbols Traded on Equities Today.  
Also, find in the ‘link’ Corporate Benefits & Relevant Dates reported thus far in 2017.

 

Foreign Exchange
The exchange rate remained stable across both segments of the market. In the interbank market, the Naira within the band of N305.40 and N306.40 to a $ as the Central Bank maintained its daily intervention of $1.5million at $/N304.90. The I&E FX window closing rate was N380.23
Money Market
The CBN conducted an OMO auction to mop up excess liquidity, selling a total of N88.6million of the 14/12/2017 and N14.69billion of the 24/05/2018 maturities at a stop rate of 18.00% and 18.60%.
At the T-bills session, we observed a mixed sentiment as yields moved in irregular pattern. There were slight demands as the market open but this later retraced as sell offs were observed at the short to mid end of the curve. On the average, yield closed higher by 3 basis points across maturities.
Fixed Income
The bond market was relatively quiet with only a handful of trades going through and rates relatively stable.
GTICapital
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