The equity market on Monday shed 0.81%, starting the week in the red and extending bearish run to two trading sessions. Similarly, market breadth closed negative, recording 20 gainers against 24 losers.
In summary, the All Share Index (ASI) shed 292.30 absolute points, representing a decline of0.81% to close at 35,664.94 points. Similarly, the Market Capitalization shed N100.75 billion, representing a decline of 0.81% to close at N12.29 trillion.
The Downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are;
OKOMU (-4.92%),
FLOURMILL (-3.33%),
DANGCEM (-2.33%),
DANGSUGAR (-2.07%),
GTB (-1.92%),
NESTLE (-0.82%),
PRESCO (-0.74%),
GUINNESS (-0.55%)
MOBIL (-0.29%).

Foreign Exchange
The Naira at the inter-bank (official) market closed at N306.00 against the US Dollar, representing a decline of 0.02%. The Investors and Exporters (I&E) FX window opened at N358.99, traded high at N366.00 and eventually closed at N359.40. A total of $231.23 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 22.33% and 23.08%, representing a downtrend from previous closing position of 29.17% and 30.92% respectively.

The CBN conducted an OMO auction today to mop up excess liquidity, selling a total of N20 million of 87-day maturities at a stop rate of 16% and a total of N7.08 billion of 192-day maturities at a stop rate of 17.95%.
We expect money market to trade within the existing range in the next session.

Thank You.

Also, find in the ‘link’ Corporate Benefits & Relevant Dates reported thus far in 2017.

SOURCE: https://brandspurng.com/equity-market-sheds-0-81-beginning-the-week-in-the-red/

When is it going to zaga ryt?