The Nigerian equity market on Thursday gained 0.77%, sustaining yesterdays uptrend. Similarly, market breadth closed positive recording 45 gainers against 15 losers.
In summary, the All Share Index (ASI) gained 251.26 absolute points, representing a growth of 0.77% to close at 32,937.98 points. Similarly, the Market Capitalization gained N86.86 billion, representing a growth of 0.77% to close at N11.39 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; FO (+10.22%), INTBREW (+10.21%), SEPLAT (+10.14%), ACCESS (+7.31%), PRESCO (+4.99%), OKOMU (+4.99%), FBNH (+3.44%), FLOURMILL (+2.86%), ZENITH (+2.35%), TOTAL (+1.63%), NB (+0.96%) andOANDO (+0.12%).
MARKET STATISTICS – June 08, 2017 YTD: +22.56% | |||
Cap (N) | 11,386,841,556,678.40 | One Day(ASI CHG) | +0.77% |
Index | 32,937.98 | One Week(ASI CHG) | +8.66% |
Volume | 528,692,604 | One Month(ASI CHG) | +24.68% |
Value (N) | 4,840,934,979.77 | Six Months(ASI CHG) | +21.87% |
Deals | 5,603 | 52 Weeks(ASI CHG) | +15.40% |
Gainers | 45 | Losers | 15 |
Un-Changed | 51 | Total 111 | 111 |
Also, find in the ‘link’ Corporate Benefits & Relevant Dates reported thus far in 2017.
Foreign Exchange
The Naira at the inter-bank market close at N305.60 against the US Dollar, same as was traded a day earlier. The CBN maintained its daily intervention of N1.5million to the Greenback at N305.05. The Investors and Exporters (I&E) FX window closed at N373.53, representing a marginal appreciation of 0.96% over previous close.
We expect the FX market to trade at its current range in next session.
Money Market
OBB and Overnight rates closed at an average of 78.33% and 81.67%, representing a steep increase from Wednesday’s closing position of 25.00% and 27.80%. This sharp uptrend was on the ground of increased tightening by the CBN.
The CBN conducted a further OMO auction today to mop up excess liquidity, selling a total of N1.98 billion of 189-day and N14.79 billion of 357-day at a stop rate of 18.00% and 18.60% respectively.
We expect money market to trade in mixed zone next session.