Stocks experience Monday effect, ASI hits below 36,000 psychological lines

Proshare

Monday, July 01, 2013 5:25 PM The Analyst

The equities market closed today on a negative note, as the NSE ASI depreciated by -0.92% to close at 35,832.16 points, compared with the depreciation of -0.83% recorded previously. Its Year-to-Date (YTD) return currently stands at +27.61%.

The depreciation in the Index today is as a result of the losses recorded in the share prices of
ZENITHBANK, OANDO, UBA, GUARANTY, FBNH, NESTLE and FLOURMILL. The Market Capitalization also depreciated by -0.69% to close at N11.34trn (US$70.92bn), compared with depreciation of -0.83% recorded previously to close at N11.42trn (US$71.41bn).

NSE-IND, NSE-LII and NSE-30 stocks were the most hit today as captured by NSE sector indices.
UTC and
ABCTRANS led the price winners with above 9% gain each; NSE-Oil dips by -0.10% as NSE-Insurance moved northward by +0.03%. CAP lost 10.00% to close at NGN48.52kobo leading on the losers' chart.

Market outlook reveals sustained sell pressure towards Big CAP stocks mainly while the key benchmark indices plunge below 36,000 psychological lines amid flat breadth. Nonetheless, we advise investors to tread with caution and engage in value investing as optimism appears low on the bourse.

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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