The equity market on Monday opened the week by shedding 0.38% and remaining in the negative territory. Similarly, market breadth closed negative, recording 14 gainers against 18losers.

In summary, the All Share Index (ASI) shed 132.50 absolute points, representing a decline of 0.38% to close at 34,873.07 points. Similarly, the Market Capitalization shed N46.48 billion, representing a decline of 0.38% to close at N12.02 trillion.
The downturn was impacted by losses recorded in medium and large capitalized stocks, amongst which are;
SEPLAT (-5.00%),
OANDO (-4.96%),
PRESCO (-4.12%),
FBNH (-3.39%),
NB (-2.86%),
ACCESS (-1.72%),
DANGFLOUR (-1.55%) and ZENITH (-0.41%).


Foreign Exchange
The Naira at the inter-bank (official) market closed at N305.90 against the US Dollar representing a marginal appreciation against previous close. The Investors and Exporters (I&E) FX window opened at N359.66, traded high at N362.00 and eventually closed at N359.06. A total of $131.84 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 10.33% and 11.42%, representing a downtrend from Friday’s closing position of 11.33% and 12.17% respectively.
We expect money market to trade within the existing range in the next session.

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

https://brandspurng.com/equity-market-starts-the-week-with-a-loss-of-0-38/