Stocks gyrate as the key benchmark indices reclaim 38,000 psychological line.

Proshare

Thursday, August 01, 2013 4:50 PM The Analyst

The equities market closed today on a positive note, as the NSE ASI appreciated by +1.00% to close at 38,292.07 points, compared with the appreciation of +0.29% recorded previously. Its Year-to-Date (YTD) return currently stands at +36.37%.

The appreciation in the Index today is as a result of gains recorded in the share prices of
STANBIC, NB, OANDO, GUARANTY, UBA, ZENITHBANK and GUINNESS. The Market Capitalization also appreciated by +1.00% to close at N12.12trn (US$75.79bn), compared with appreciation of +0.29% recorded previously to close at N12.00trn (US$75.00bn).

NSE IND, NSE BANKING and NSE-30 stocks were the most supportive today as captured by NSE sector indices. STANBIC and
MULTITREX led the price winners with above 9.00% gains each; NSE-INS records lowest gain by +0.67% while NSE-FOOD moved up by +0.82%. IPWA lost -9.70% to close at NGN1.21kobo leading on the losers' chart.

Market outlook reveals healthier appetite towards investment in equities across the board as stocks strengthen breadth further while the key benchmark indices climb above 38,000 psychological line.

Daily Market Report this week:
Mon -
300713- Stocks halt six-day losing streak; NSE ASI inches up by +1.12%
Tues
310713- Nigerian Stocks extend gains by +0.65% amid fresh speculative pressure
Wed –
010813 Market CAP reclaims N12trillion range, ASI loses steam with +0.29% gain

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