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
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.