The equity market on Monday gained 0.48%, extending bullish-run to three trading sessions. similarly, market breadth closed positive recording 26 gainers against 15 losers.
In summary, the All Share Index (ASI) gained 155.43 absolute points, representing a gain of 0.48% to close at 32,614.60 points. Similarly, the Market Capitalization gained N53.56 billion, representing a growth of 0.48% to close at N11.24 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are;
FLOURMILLS (+9.75%),
UBA (+4.94%),
ACCESS (+4.93%),
OANDO (+4.92%),
ZENITH (+3.45%),
FBNH (+2.30%) and GTB (+0.06%),


Foreign Exchange

The Naira at the inter-bank market remained flat at N306.00 against the US Dollar. The Investors and Exporters (I&E) FX window  closed at N361.86.

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 25.33% and 28.17% respectively, representing an uptrend from Friday’s closing position of 15.00% and 15.25%.

We expect money market to trade with existing volatility in the next session.

  
For Market Statistics, Corporate Benefits & Relevant Dates reported thus far in 2017

Kindly visit : https://brandspurng.com/equity-market-sustains-uptrend-with-0-48-gain/

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