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/

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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...

Land for Rent.... pls park ur range rovers here

Ok

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.

this is positive news for the market
the status of equity market shows the health of a nations economy

Capital market trends have been positive recently. I hope and believe that these are signs of economic recovery.

food prices never come down in markets

BroZuma:
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.

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/

BroZuma:
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.

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/

This particular thread...

masada:
this is positive news for the market
the status of equity market shows the health of a nations economy

Lol! Healthy ke! It'll fall tomorrow abi no be Naija we dey again!!!

I have no idea whatsover what dis means

rodeo0070:


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/

Thanks man

J

I

lailo:
food prices never come down in markets

Will your broke ass still have money to buy if food price reduce buy 80%

You have no reason not to be in the stock market.

nathandrake:
I

Will your broke ass still have money to buy if food price reduce buy 80%

lollllll.......u can't even write correct English sentence and wanna form american.

lailo:
food prices never come down in markets

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.

woodmood:



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.

as an hungry man,that's what I understand

This is good news..
......
...
Meanwhile,
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OP can you rearrange your post pls?

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

ernie4life:
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

What fundamentals did you consider before going into jaiz?
The stock market is not all about picking a stock because the price is cheap.

curiositymaster:
OP can you rearrange your post pls?

Open the link na.

Its all there.

tripleY:


Open the link na.

Its all there.

ok

woodmood:



What fundamentals did you consider before going into jaiz?
The stock market is not all about picking a stock because the price is cheap.

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 ‎

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:
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