The equity market on Monday marginally shed 0.02% to begin the week in the red.However, market breadth closed positive, recording 23 gainers against 20 losers.
In summary, the All Share Index (ASI) shed 8.76 absolute points, representing a decline of 0.02% to close at 36,930.83 points. The Market Capitalization shed N2.98 billion, representing a decline of 0.02% to close at N12.78 trillion.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are; TOTAL (-4.66%), INTBREW (-3.52%), FLOURMILL (-2.73%), 7UP (-2.22%), UBA (-2.02%), ZENITHBANK(-0.89%), FBNH (-0.71%) and NB (-0.03%).
MARKET STATISTICS- November 6, 2017 YTD:+37.42% | |||
Cap (N) | 12,781,651,985,420.91 | One Day(ASI CHG) | -0.02% |
Index | 36,930.83 | One Week(ASI CHG) | +1.22% |
Volume | 466,522,161 | One Month(ASI CHG) | +1.68% |
Value (N) | 2,902,888,050.39 | Six Months(ASI CHG) | +41.44% |
Deals | 4,274 | 52 Weeks(ASI CHG) | +36.59% |
Gainers | 23 | Losers | 20 |
Un-Changed | 52 | Total | 95 |
Also, find the ‘link’ Corporate Benefits & Relevant Dates reported thus far in 2017.
Foreign Exchange
The Naira at the inter-bank (official) market remained flat at N305.90 against the US Dollar against Friday’s close. The Investors and Exporters (I&E) FX window opened at N360.15, traded high at N361.50 and eventually closed at N360.05, representing a depreciation of 0.14%. A total of $149.90million 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 37.50% and 38.92%, representing 1.17% uptrend and 0.50% downtrend from Friday’s closing positions respectively.
We expect the money market to trade within existing range in the next session.