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Nairaland Forum / Nairaland / General / Business / Equity Market Posts 1.51% Gain To Reverse Downtrend (4808 Views)
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Equity Market Posts 1.51% Gain To Reverse Downtrend by froz(m): 5:14am On Jun 10, 2017 |
The Nigerian equity market on Tuesday gained 1.51%, reversing yesterdays downtrend. However, market breadth closed negative recording 26 gainers with against 27 losers. In summary, the All Share Index (ASI) gained 486.34 absolute points, representing a growth of 1.51% to close at 32,686.72 points. Similarly, the Market Capitalization gained N168.13 billion, representing a growth of 1.51% to close at N11.30 trillion. The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; INTBREW (+10.22%), FO (+10.20%), SEPLAT (+5.00%), FLOURMILL (+4.79%), DANGCEM (+4.75%),STANBIC (+3.57%), 7UP (+2.63%), TOTAL (+1.86%), ACCESS (+0.74%), UBA (+0.71%) and OANDO (+0.12%). MARKET STATISTICS – June 07, 2017 YTD: +21.63% Cap (N) 11,299,981,809,591.05 One Day(ASI CHG) +1.51% Index 32,200.38 One Week(ASI CHG) +10.81% Volume 744,992,196 One Month(ASI CHG) +24.59% Value (N) 4,074,066,535.54 Six Months(ASI CHG) +21.87% Deals 6,424 52 Weeks(ASI CHG) +15.40% Gainers 26 Losers 27 Un-Changed 63 Total 116 Also, find in the ‘link’ Corporate Benefits & Relevant Dates reported thus far in 2017. Foreign Exchange The Naira at the inter-bank market close at N305.60 against the US Dollar, representing a growth of 0.02% over the previous close. The CBN maintained its daily intervention of N1.5million to the Greenback at N305.05. The Investors and Exporters (I&E) FX window closed at N377.14, representing a marginal appreciation of 0.40% over previous close. We expect the FX market to trade at its current range in next session. Money Market OBB and Overnight rates closed at an average of 25.00% and 27.50%, representing a steep increase from Tuesday’s closing position of 11.91% and 12.50%. This sharp uptrend was on the ground of increased tightening by the CBN. The CBN conducted a further OMO auction today to mop up excess liquidity, selling a total of N234.2 million of 190-day at a stop rate of 18.00%. We expect money market to trade in mixed zone next session. (GTICapitalLtd) https://brandspurng.com/equity-market-posts-1-51-gain-to-reverse-downtrend/ 2 Likes 1 Share |
Re: Equity Market Posts 1.51% Gain To Reverse Downtrend by Samexdx(m): 7:37am On Jun 10, 2017 |
First to comment after so many years on nairaland... I dedicate this to all the hustlers in the house, We shall all make it. BTW seun I'm expecting my alert ooo... |
Re: Equity Market Posts 1.51% Gain To Reverse Downtrend by johnchins: 7:37am On Jun 10, 2017 |
Land for Rent.... pls park ur range rovers here |
Re: Equity Market Posts 1.51% Gain To Reverse Downtrend by muyexzy: 7:38am On Jun 10, 2017 |
And since there are no trees growing free cash, no naira notes raining from the sky into our purses and wallets, most of us live in a world of budgets. But, the good thing is, when you take control of your money, you take control of your life, too. 1 Like |
Re: Equity Market Posts 1.51% Gain To Reverse Downtrend by hemartins(m): 7:41am On Jun 10, 2017 |
Ok |
Re: Equity Market Posts 1.51% Gain To Reverse Downtrend by Nobody: 7:41am On Jun 10, 2017 |
This place dry ooo... Op presenting your information in a visual format wilould have helped alot as there are no advanced formatting settings on NL. |
Re: Equity Market Posts 1.51% Gain To Reverse Downtrend by masada: 7:43am On Jun 10, 2017 |
this is positive news for the market the status of equity market shows the health of a nations economy 2 Likes |
Re: Equity Market Posts 1.51% Gain To Reverse Downtrend by jaytime(m): 7:46am On Jun 10, 2017 |
Capital market trends have been positive recently. I hope and believe that these are signs of economic recovery. 2 Likes |
Re: Equity Market Posts 1.51% Gain To Reverse Downtrend by lailo: 7:51am On Jun 10, 2017 |
food prices never come down in markets |
Re: Equity Market Posts 1.51% Gain To Reverse Downtrend by Nobody: 7:53am On Jun 10, 2017 |
BroZuma: Thank you bro for the feedback. Check out the full info and picture illustrations below: https://brandspurng.com/equity-market-posts-1-51-gain-to-reverse-downtrend/ |
Re: Equity Market Posts 1.51% Gain To Reverse Downtrend by rodeo0070(m): 7:53am On Jun 10, 2017 |
BroZuma: You can read more financial news here: https://brandspurng.com/category/banking-insurance/ https://brandspurng.com/broker-performance-report-top-ten-stockbrokers-for-the-week-05062017-09062017/
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Re: Equity Market Posts 1.51% Gain To Reverse Downtrend by smartty68(m): 7:55am On Jun 10, 2017 |
This particular thread...
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Re: Equity Market Posts 1.51% Gain To Reverse Downtrend by smartty68(m): 7:56am On Jun 10, 2017 |
masada:Lol! Healthy ke! It'll fall tomorrow abi no be Naija we dey again!!! |
Re: Equity Market Posts 1.51% Gain To Reverse Downtrend by Nobody: 8:05am On Jun 10, 2017 |
I have no idea whatsover what dis means
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Re: Equity Market Posts 1.51% Gain To Reverse Downtrend by Nobody: 8:09am On Jun 10, 2017 |
rodeo0070: Thanks man |
Re: Equity Market Posts 1.51% Gain To Reverse Downtrend by nathandrake(m): 8:12am On Jun 10, 2017 |
J |
Re: Equity Market Posts 1.51% Gain To Reverse Downtrend by nathandrake(m): 8:19am On Jun 10, 2017 |
I lailo: Will your broke ass still have money to buy if food price reduce buy 80% |
Re: Equity Market Posts 1.51% Gain To Reverse Downtrend by Thunderlicious: 8:45am On Jun 10, 2017 |
You have no reason not to be in the stock market. |
Re: Equity Market Posts 1.51% Gain To Reverse Downtrend by lailo: 8:46am On Jun 10, 2017 |
nathandrake:lollllll.......u can't even write correct English sentence and wanna form american. |
Re: Equity Market Posts 1.51% Gain To Reverse Downtrend by woodmood: 9:15am On Jun 10, 2017 |
lailo: every thing is not about food. The opportunity in the stock market now is enormous. shares are adding 10 percent on a single day and u are talking about food. |
Re: Equity Market Posts 1.51% Gain To Reverse Downtrend by lailo: 9:17am On Jun 10, 2017 |
woodmood:as an hungry man,that's what I understand |
Re: Equity Market Posts 1.51% Gain To Reverse Downtrend by tk4rd: 9:34am On Jun 10, 2017 |
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Re: Equity Market Posts 1.51% Gain To Reverse Downtrend by Nobody: 9:52am On Jun 10, 2017 |
OP can you rearrange your post pls? |
Re: Equity Market Posts 1.51% Gain To Reverse Downtrend by ernie4life(m): 10:00am On Jun 10, 2017 |
Equity space is doing real good Am moving my funds from money market to equity. Within the last 2 weeks I have made over 30% ROI from just trading, I bought FO at 54 on Thursday and by friday it's 10% up once it gets to 20% up am selling. Diamond bank has also being good even UBA. My worst pick is jaizbank am on 20% loss already I pray it bounce back |
Re: Equity Market Posts 1.51% Gain To Reverse Downtrend by woodmood: 10:34am On Jun 10, 2017 |
ernie4life: What fundamentals did you consider before going into jaiz? The stock market is not all about picking a stock because the price is cheap. 1 Like |
Re: Equity Market Posts 1.51% Gain To Reverse Downtrend by Nobody: 10:44am On Jun 10, 2017 |
Re: Equity Market Posts 1.51% Gain To Reverse Downtrend by Nobody: 10:49am On Jun 10, 2017 |
tripleY: ok |
Re: Equity Market Posts 1.51% Gain To Reverse Downtrend by ernie4life(m): 12:18pm On Jun 10, 2017 |
woodmood: The same fundamental I considered when going for Diamondbank, In stock outside the Fundamentals and technicals, instinct also plays a role, If you stick to Fundamentals and technicals then you ask your self why is interest rates going up and equities also going up when the two ought to have an inverse relationship meaning when rates are high, equities should be low. My reasons may not sound logical to you but I believe within the next 2 Months I will surely make at least 10% which is still better than money market. I mix my portfolio both penny stocks and the rest. Happy trading |
Re: Equity Market Posts 1.51% Gain To Reverse Downtrend by ObioraIkenna(m): 7:24pm On Jun 10, 2017 |
Hi Ernie I equally bought some Forte's shares @48.20, we can always share ideas to take advantages of favourable stocks. I think Oando is next to yield positively. ernie4life: |
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