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Market Movements in 2017 - Forex Reserves Up by 44.54%


Thursday, December 21, 2017 4:50PM / Proshare Research 

Movement in market indicators in the year 2017 has been with mixed outcome. 

On the Nigerian Stock Exchange, the NSE ASI records 42.70% YTD return while the NASD USI dropped by -3.46% as at 21st December, 2017. 

Nigeria’s forex reserves grow by 44.54% to move from US$25.84bn on January o3, 2017 to US$37.35bn as at December 18, 2017. Activities at both the interbank and parallel market witness contrasting outlook as the Naira depreciated marginally by 0.38%  on the interbank window while it appreciated by 8.52% at the parallel market. 

However, Brent Crude Oil went up in the course of the year rose by 12.92% from US$56.82 as at December 31st, 2016 to US$64.16 per barrel as at 21st December, 2017.

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

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