The Nigerian equity market on Wednesday gained 0.76%, extending the bullish run to six trading days in a row. Similarly, market breadth closed positive recording 31 gainers against 19 losers.
In summary, the All Share Index (ASI) gained 221.72 absolute points, representing a growth of 0.76% to close at 29,498.31 points. Similarly, the Market Capitalization gained N76.64 billion, representing a growth of 0.76% to close at N10.20 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; UNILEVER (+4.87%), DANGCEM (+4.73%), NB (+2.40%), TOTAL (+1.92%), ACCESS (+0.76%), NESTLE (+0.58%) and FBNH (+0.38%).
MARKET STATISTICS- May 31, 2017
|Cap (N)||10,197,729,667,498.41||One Day(ASI CHG)||+0.76%|
|Index||29,498.31||One Week(ASI CHG)||+4.28%|
|Volume||343,192,321||One Month(ASI CHG)||+14.52%|
|Value (N)||3,338,701,460.15||Six Months(ASI CHG)||+14.73%|
|Deals||4,905||52 Weeks(ASI CHG)||+0.65%|
Also, find in the ‘link’ Corporate Benefits & Relevant Dates reported thus far in 2017.
In the interbank market, the Naira traded within the band of N305.50 and N305.40 for extended period and eventually closed at N305.40, representing a flat close. The I&E FX window closed at 380.67, representing an appreciation of 0.12% against previous close.
We expect the FX market to trade at its current range tomorrow.
OBB and Overnight rates closed at an average of 11.67% and 12.33%, representing a marginal dip from yesterday’s position of 11.86% and 12.43% respectively. There were no auction today.
We expect money market to trade in mixed zone tomorrow.