The equity market on Tuesday gained 2.54% to continue uptrend and extend bullish-run to fourteen consecutive trading sessions. Similarly, market breadth closed positive, recording 27gainers and 18 losers.
In summary, the All Share Index (ASI) gained 880.48 absolute points, representing a gain of2.54% to close at 35,533.00 points. Similarly, the Market Capitalization gained N303.35 billion, representing a growth of 2.54% to close at N12.25 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; UBA (+10.16%), FO (+9.39%), OKOMU (5.00%), PRESCO (+5.00%), STANBIC (+4.99%), FLOURMILLS (+3.77%), DANGCEM (+4.90%), OANDO (+4.67%), ZENITH (+3.23%), ACCESS (+1.59%), WAPCO (+1.33%) and NESTLE (+0.89%).
MARKET STATISTICS- July 25, 2017 YTD: +32.22% | |||
Cap (N) | 12,246,369,352,680.87 | One Day(ASI CHG) | +2.54% |
Index | 35,533.00 | One Week(ASI CHG) | +6.27% |
Volume | 513,446,715 | One Month(ASI CHG) | +10.62% |
Value (N) | 5,896,637,493 | Six Months(ASI CHG) | +26.35% |
Deals | 5,452 | 52 Weeks(ASI CHG) | +15.88% |
Gainers | 27 | Losers | 18 |
Un-Changed | 45 | Total | 90 |
Also, find in the ‘link’ Corporate Benefits & Relevant Dates reported thus far in 2017.
Foreign Exchange
The Naira at the inter-bank market remained flat at N305.75 against the US Dollar. The Investors and Exporters (I&E) FX window opened at N367.21 and closed at N369.50. A total of $79.76 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 18.33% and 19.17% respectively, representing an uptrend from Monday’s closing position of 17.33% and 18.83%.
The CBN conducted a further OMO auction today to mop up excess liquidity, selling a total of N201.30 million of 191-day and N45.13 billion of 338-Day T-bills at a stop rate of 17.95% and 18.55% respectively.
We expect money market to trade with existing volatility in the next session.