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#Post#: 10-------------------------------------------------- |
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Equity Market Posts 1.51% Gain To Reverse Downtrend |
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By: magbytes120 Date: June 10, 2017, 9:45 am |
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The Nigerian equity market on Tuesday gained 1.51%, reversing |
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yesterdays downtrend. However, market breadth closed negative |
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recording 26 gainers with against 27 losers. |
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In summary, the All Share Index (ASI) gained 486.34 absolute |
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points, representing a growth of 1.51% to close at 32,686.72 |
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points. Similarly, the Market Capitalization gained N168.13 |
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billion, representing a growth of 1.51% to close at N11.30 |
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trillion. |
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The upturn was impacted by gains recorded in medium and large |
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capitalized stocks, amongst which are; INTBREW (+10.22%), FO |
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(+10.20%), SEPLAT (+5.00%), FLOURMILL (+4.79%), DANGCEM |
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(+4.75%),STANBIC (+3.57%), 7UP (+2.63%), TOTAL (+1.86%), ACCESS |
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(+0.74%), UBA (+0.71%) and OANDO (+0.12%). |
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MARKET STATISTICS � June 07, 2017 YTD: +21.63% |
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Cap (N) |
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11,299,981,809,591.05 |
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One Day(ASI CHG) |
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+1.51% |
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Index |
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32,200.38 |
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One Week(ASI CHG) |
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+10.81% |
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Volume |
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744,992,196 |
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One Month(ASI CHG) |
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+24.59% |
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Value (N) |
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4,074,066,535.54 |
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Six Months(ASI CHG) |
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+21.87% |
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Deals |
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6,424 |
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52 Weeks(ASI CHG) |
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+15.40% |
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Gainers |
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26 |
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Losers |
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27 |
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Un-Changed |
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63 |
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Total |
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116 |
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Also, find in the �link� Corporate Benefits & Relevant Dates |
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reported thus far in 2017. |
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Foreign Exchange |
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The Naira at the inter-bank market close at N305.60 against the |
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US Dollar, representing a growth of 0.02% over the previous |
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close. The CBN maintained its daily intervention of N1.5million |
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to the Greenback at N305.05. The Investors and Exporters (I&E) |
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FX window closed at N377.14, representing a marginal |
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appreciation of 0.40% over previous close. |
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We expect the FX market to trade at its current range in next |
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session. |
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Money Market |
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OBB and Overnight rates closed at an average of 25.00% and |
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27.50%, representing a steep increase from Tuesday�s closing |
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position of 11.91% and 12.50%. This sharp uptrend was on the |
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ground of increased tightening by the CBN. |
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The CBN conducted a further OMO auction today to mop up excess |
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liquidity, selling a total of N234.2 million of 190-day at a |
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stop rate of 18.00%. |
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We expect money market to trade in mixed zone next session. |
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(GTICapitalLtd) |
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