Equity & Money Market Summary: Equity Market gains 0.25%, extends uptrend for the second day in a row.

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The equity market Wednesday gained 0.25%, extending uptrend to two consecutive trading sessions. Similarly, market breadth closed positive, recording 23 gainers against 12 losers.

In summary, the All Share Index (ASI) gained 91.23 absolute points, representing a growth of 0.25% to close at 36,622.85 points. The Market Capitalization gained N100.26 billion, representing a growth of 0.80% to close at N12.68 trillion.

The obvious deviation in the growth of the above two indicators was due to the listing of Guinness Nigeria Plc recent Rights.

The Upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; NASCON (+5.85%), UACN (+4.73%), DANGFLOUR (+4.67%), UBA (+3.19%), SEPLAT (+2.04%) FBNH (+1.63%), ZENITHBANK (+1.17%) and DANGSUGAR (+1.17%).

MARKET STATISTICS- October 25, 2017                                           YTD:+36.27%
 Cap (N)
12,675,058,310,946.18
One Day(ASI CHG)
 +0.25%
Index
36,622.85
One Week(ASI CHG)
 -0.05%
Volume
332,996,438              
One Month(ASI CHG)
 +3.58%
Value (N)
4,661,056,880.39
Six Months(ASI CHG)
 +44.44%
Deals
3,577       
52 Weeks(ASI CHG)
 +32.28%
Gainers
23
Losers
 12
Un-Changed
55
Total
 90             
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 flat at N305.70 against the US Dollar. The Investors and Exporters (I&E) FX window opened at N359.68, traded high at N361.50 and eventually closed at N360.38, representing an depreciation of 0.06%. A total of $166.75 million was transacted through the I&E window.
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 96.67% and 101.00%, representing a 16.67% and 19.08% downtrend from previous closing positions respectively.

The CBN conducted OMO auction today to mop up excess liquidity, selling a total of N5.73 billion of 190-day maturity at a stop rate of 17.80%.
We expect the FX market to trade within existing range in the next session.

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