Stocks records improved optimisms; NSE ASI extends 2-day gaining streak

Proshare

Thursday, July 11, 2013 5:30 PM The Analyst

The equities market closed today on a positive note, as the NSE ASI appreciated by +0.54% to close at 37,327.67 points, compared with the appreciation of +0.31% recorded previously. Its Year-to-Date (YTD) return currently stands at +32.94%.

The appreciation in the Index today is as a result of the gains recorded in the share prices of
ETI, ACCESS, GUARANTY, NB, OANDO, FBNH and ZENITHBANK. The Market Capitalization also appreciated by +0.54% to close at N11.82trn (US$73.88bn), compared with appreciation of +0.31% recorded previously to close at N11.75trn (US$73.48bn).

NSE-BNK, NSE-Food and NSE-30 stocks were the most supportive today as captured by NSE sector indices.
IHS and
COSTAIN led the price winners with above 7% gains each; NSE-Oil inches up by +0.55% as NSE-IND also moved northward by +0.13%. TRANSEXPR lost 9.96% to close at NGN2.26kobo leading on the losers' chart.

Market outlook reveals decline in market price volatility and strong market breadth as investors sustain moderate bargain appetite towards equities across the board while the key benchmark indices gain above 100 basis points to maintain firm posture above 37,000 psychological lines.

Daily Market Report this week:
Mon -
080713 – Stocks swing southward on speculation, NSE ASI dips by -0.37%
Tue -
090713 – Stocks close green amid steep decline in breadth; Thanks to DANGCEM
Wed -
100713 – Stocks extend gains on moderate note as Big CAPs hold position

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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