The Nigerian equity market on Tuesday gained 1.51%, reversing yesterdays downtrend. However, market breadth closed negative recording 26 gainers with against 27 losers.

In summary, the All Share Index (ASI) gained 486.34 absolute points, representing a growth of 1.51% to close at 32,686.72 points. Similarly, the Market Capitalization gained N168.13 billion, representing a growth of 1.51% to close at N11.30 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; INTBREW (+10.22%), FO (+10.20%), SEPLAT (+5.00%), FLOURMILL (+4.79%), DANGCEM (+4.75%),STANBIC (+3.57%), 7UP (+2.63%), TOTAL (+1.86%), ACCESS (+0.74%), UBA (+0.71%) and OANDO (+0.12%).
MARKET STATISTICS – June 07, 2017 YTD: +21.63%
Cap (N)
11,299,981,809,591.05
One Day(ASI CHG)
+1.51%
Index
32,200.38
One Week(ASI CHG)
+10.81%
Volume
744,992,196
One Month(ASI CHG)
+24.59%
Value (N)
4,074,066,535.54
Six Months(ASI CHG)
+21.87%
Deals
6,424
52 Weeks(ASI CHG)
+15.40%
Gainers
26
Losers
27
Un-Changed
63
Total
116
Also, find in the ‘link’ Corporate Benefits & Relevant Dates reported thus far in 2017.

Foreign Exchange
The Naira at the inter-bank market close at N305.60 against the US Dollar, representing a growth of 0.02% over the previous close. The CBN maintained its daily intervention of N1.5million to the Greenback at N305.05. The Investors and Exporters (I&E) FX window closed at N377.14, representing a marginal appreciation of 0.40% over previous close.
We expect the FX market to trade at its current range in next session.
Money Market
OBB and Overnight rates closed at an average of 25.00% and 27.50%, representing a steep increase from Tuesday’s closing position of 11.91% and 12.50%. This sharp uptrend was on the ground of increased tightening by the CBN.

The CBN conducted a further OMO auction today to mop up excess liquidity, selling a total of N234.2 million of 190-day at a stop rate of 18.00%.

We expect money market to trade in mixed zone next session.
(GTICapitalLtd)

Source:- Brandspurng