Market hits above 40,000bpts on improved optimism, MTD stands at +5.87%

Proshare

Tuesday, June 11, 2013 5:55 PM The Analyst

The equities market closed today on a positive note, as the NSE ASI appreciated by +0.69% to close at 40,012.66 points, compared with the appreciation of +0.44% recorded previously. Its Year-to-Date (YTD) return currently stands at +42.50%.

The appreciation in the Index today is as a result of the gains recorded in the share prices of
DANGSUGAR, FLOURMILL, ETI, OKOMUOIL, FCMB, ZENITH and DANGCEM. The Market Capitalization also appreciated by +0.69%, to close at N12.85trn (US$80.34bn), compared with appreciation of +0.99% recorded previously to close at N12.76trn (US$79.78bn).

NSE-Food, NSE-LII and NSE-BNK stocks were the most supportive today as captured by NSE sector indices.
AIICO and HONYFLOUR led the price winners with above 9% gain each; NSE-30 inches up by +0.68% as NSE-Oil moved southward by -1.12%. MORISON lost 9.87% to close at NGN2.01kobo leading on the losers' chart.

Market outlook reveals improved optimism as the key benchmark indices gyrates above 40,000 basis points while stocks fortified breadth to keep the bears at bay. Nonetheless, we remain cautiously optimistic towards incoming session as market ends the day with late minute sell pressure.

Daily Market Report this week:
Mon
-100613 – Stocks sustain moderate bargain as DANGCEM records historical volume trade

The Analyst 

1.
Market Index
2.
Sector Index
3.
Compare Quotes
4.
Top Stock by volume
5.
Top Stock by value
6.
Strong Bid
7.
Strong Offer
8.
Wks high today
9.
Wks low today



READ MORE:
Related News
SCROLL TO TOP