The equity market on Monday gained 0.12%, extending bullish-run to Eight trading sessions. However, market breadth closed negative recording 23 gainers against 26 losers.


In summary, the All Share Index (ASI) gained 39.77 absolute points, representing a gain of0.12% to close at 33,301.43 points. Similarly, the Market Capitalization gained N13.71 billion, representing a growth of 0.12% to close at N11.48 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are:
UNILEVER (+10.24%),
FO (+7.71%),
7UP (+6.41%),
FLOURMILL (+5.00%),
NB (+2.18%),
OKOMU (1.44%),
ETI (+0.50%),
NESTLE (+0.11%),
DANGCEM (+0.10%),
ZENITH (+0.09%)
GTB (+0.03%).

MARKET STATISTICS- July 17, 2017 YTD: +23.91%


Foreign Exchange
The Naira at the inter-bank market remained flat at N305.95 against the US Dollar. The Investors and Exporters (I&E) FX window opened at N365.57 and closed at N362.21.
We expect the FX market to trade within the current range in the next session.

Money Market
OBB and Overnight rates closed at an average of 9.00% and 9.75% respectively, representing an uptrend from Friday’s closing position of 6.17% and 6.92%.
We expect money market to trade with existing volatility in the next session.
The CBN conducted a further OMO auction today to mop up excess liquidity, selling a total of N5 billion of 185-day T-bills and N14.5 billion of 346-day T-bills at a stop rate of 17.95% and 18.55% respectively.

SOURCE: https://brandspurng.com/equity-market-continues-bull-run-as-asi-gains-0-12/

Na so...

Always looking forward to this report weekly.