FINANCIAL MARKET SUMMARY JULY/2018
Dear ,
MARKET ANALYTICS
EQUITY MARKET
SUMMARY
Equity Market Closed Lower at End of Trade, Posts 0.81% loss.
The
equity market closed lower at the end of trade today, shedding 0.81% to
extend yesterday's negative sentiment. Market breadth closed negative, recording 14 gainers against 33 losers.
In summary, the All Share Index (ASI) was down by 303.16
absolute points, representing a dip of 0.81% to close at 36,963.70
points. Similarly, the market capitalization declined by N109.82
billion, representing a dip of 0.81% to close at N13.45 trillion.
The
downturn was impacted by loses recorded in medium and large capitalized
stocks, amongst which are; PZ (-10.00%), JBERGER
(-10.00%), PZ (-0.94%), OANDO (-9.48%), WAPCO (-8.00%), DANGFLOUR
(-4.12%), ACCESS (-1.49%), FBNH (-1.44%), NB (-1.36%), GUARANTY
(-1.13%), UBA (-1.01%), ETI (-0.72%)and ZENITH (-0.63%).
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MARKET STATISTICS
| CAP | N13,390,121,346,470.35 | One Day (ASI CHG) | -0.81 |
| Index | 36,963.70 | One Week (ASI CHG) | -1.23 |
| Volume | 203,802,185 | One Month (ASI
CHG) | -4.40 |
| Value | N2,388,018,292.96 | Six Month (ASI CHG) | -16.10 |
| Deals | 4,178 | 52 Weeks (ASI CHG) | +10.55 |
| Gainers | 14 | Losers | 33 |
| Unchanged | 64 | Total | 111 |
| YTD: -3.35 |
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FOREIGN EXCHANGE
The Naira at the inter-bank rate closed unchanged at N305.80, against
yesterday's closing price.
The
Investors and Exporters (I&E) FX window opened at N361.62, traded
high at N363.00 and eventually closed at N361.70, representing a 0.04%
appreciation against yesterday's closing price. A total of $123.93 million was transacted through the I&E window today.
We expect the FX Market to trade within existing range in the next session.
MONEY MARKET
O/N rate closed at 7.50%, representing a 2.00% depreciation against yesterday's closing position, while OBB rate closed at 8.58% representing a 1.92% depreciation against yesterday's closing position.
We expect the Money Market to trade within existing range in the next session.
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FIXED INCOME
| SECURITIES | Prev. Close | Close | Change |
| BOND | 676.94 | 676.30 | -1 |
| T.BILLS | 370.1 | 362.97 | -7 |
| Note: BPS => Basis Points |
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DISCLAIMER:
This
report by GTI Securities Ltd is for information purposes only. While
opinions and estimates therein have been carefully prepared, the
company and its employees do not guarantee the complete accuracy of the
information contained herewith as information was also gathered from
various sources believed to be reliable and accurate at the time of this
report. We do not take responsibility therefore for any loss arising
from the use of the information.
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GTI HOUSE, 4, Tinubu Street, CBD, Marina-Lagos, Nigeria,London O ffice: KEMP HOUSE, 152-160, Ci ty Road, +44(0)203086 8802, Lo ndon, EC1V 2NX United Kingdom
Copyright Γ© [2018] | [GTI Research]. All rights reserved.
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