NSE ASI returns to red zone, hits below 37,000bpts as sell pressure regains tempo

Proshare

Friday, August 16, 2013 4:50 PM The Analyst

The equities market closed today on a negative note, as the NSE ASI depreciated by -0.34% to close at 36,986.94 points, compared with the modest appreciation of +0.02% recorded previously. Its Year-to-Date (YTD) return currently stands at +31.73%.

The depreciation in the Index today is as a result of loss recorded in the share prices of
DANGCEM, ZENITHBANK, FBNH,  STANBIC, UNILEVER, ASHAKACEM and OANDO. The Market Capitalization also depreciated by -0.34% to close at N11.71trn (US$73.20bn), compared with appreciation of +0.02% recorded previously to close at N11.75trn (US$73.45bn).

NSE FOOD and NSE INS were the most supportive today as captured by NSE sector indices.
AGLEVENT and
JOSBREW led the price winners with above 9.00% gains each; NSE-OIL & GAS declined by -1.10% while NSE-BANKING moved down by -0.34%. LIVESTOCK lost -9.83% to close at NGN4.13kobo leading on the losers' chart.

Market outlook reveals depressed and low risk appetite postures of investors as sell pressure regains tempo, pushing the key indicator back into red zone while the market breadth returns to negative posture. Investors are advised to maintain cautious approach.

Daily Market Report this week:
Mon:
12-8-2103- Nigerian Stocks extend losing streak as speculators resume sell down trading
Tue:
13-8-2103- Profiteering weakens index further as breadth remains depressed in red zone
Wed:
14-8-2013- All Share Index maintains steep decline, sheds -3.44% in 6 days
Thurs:
15-8-2013- Nigerian Stocks halt 6days downtrend, regain breadth on moderate bargain

The Analyst 

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Market Index
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Sector Index
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Compare Quotes
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Top Stock by volume
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Top Stock by value
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Strong Bid
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Strong Offer
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Wks high today
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Wks low today



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