The equity market on Tuesday gained 1.26% extending bullish run to Six trading sessions. Similarly, market breadth closed positive, recording 31 gainers against 20 losers.
In summary, the All Share Index (ASI) gained 474.18 absolute points, representing a growth of 1.26% to close at 37,999.56 points. Similarly, the Market Capitalization shed N163.43billion, representing a gain of 1.26% to close at N13.1 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; GUINNESS (+10.25%), NESTLE (+8.96%), NB (+5.00%), PZ (+4.96%), NASCON (+4.94%), STANBIC (+4.00%), ETI (+3.93%), OKOMU OIL (+3.89%), 7UP (+3.48%), UNILEVER (+2.99%), ACCESS (+1.69%) and GTB (+0.17%).
MARKET STATISTICS- August 08, 2017 YTD: +41.40% | |||
Cap (N) | 13,097,413,325,865.58 | One Day(ASI CHG) | +1.26% |
Index | 37,999.56 | One Week(ASI CHG) | +3.48% |
Volume | 218,216,971 | One Month(ASI CHG) | +49.25% |
Value (N) | 5,071,357,039.65 | Six Months(ASI CHG) | +45.04% |
Deals | 5,336 | 52 Weeks(ASI CHG) | +34.86% |
Gainers | 31 | Losers | 20 |
Un-Changed | 58 | Total | 109 |
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 N305.50 against the US Dollar. The Investors and Exporters (I&E) FX window opened at N366.70 and closed at N368.17. A total of $96.03 million was transacted.
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 25.00% and 26.33%, representing a downtrend from Monday’s closing position of 26.67% and 27.50% respectively.
We expect money market to trade with existing volatility in the next session.
(GTICapital)