The equity market on Friday gained 0.32%, extending bullish-run to two trading sessions. similarly, market breadth closed positive recording 28 gainers against 17 losers.
In summary, the All Share Index (ASI) gained 104.39 absolute points, representing a gain of0.32% to close at 32,459.17 points.
Similarly, the Market Capitalization gained N35.98 billion, representing a growth of 0.32% to close at N11.19 trillion.

The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are;
OANDO (+3.92%),
FLOURMILLS (+3.55%),
GTB (+1.76%),
ZENITH (+0.98%),
FBNH (+0.49%),
DANGCEM (+0.49%),
SEPLAT (+0.43%),
ACCESS (+0.33%) and ETI (+0.16%).

Foreign Exchange

The Naira at the inter-bank market closed at N306.00 against the US Dollar. The Investors and Exporters (I&E) FX window opened at N365.68 and closed at N365.02.

We expect the FX market to trade within the current range next week.

 

Money Market

OBB and Overnight rates closed at an average of 15.00% and 15.25% respectively and representing an uptrend from Thursday’s closing position of 14.40% and 14.92%.

We expect money market to trade within the existing range next week.

 

The CBN conducted a further OMO auction today to mop up excess liquidity, selling a total of N228.82 million of 195-day t-bills and N25.54 billion of 363-day t-bills, at a stop rate of 17.95% and 18.55% respectively. 

Check out the Market Statistics :

https://brandspurng.com/equity-market-sustains-uptrend-with-0-32-gain/

Thanks for d heads up