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11 July 2014: Nigeria's equities market closed on a negative note yesterday, ending a two-day rally. The NSE All Share Index fell marginally, down 0.08 per cent to close at 43,004.38 points. That is compared with a 0.41 per cent gain on Wednesday. However, the index is up 4.05 per cent this year. Tokunbo Ajao, a Fund Manager at Stanbic IBTC Asset Management, reviews the Nigerian equities market.

Mutual Fund Unit Prices: 22 July 2014

Fund Bid(N) Offer(N) Change
Equity

11,457.03

11,729.79

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Ethical

1.16

1.19 Subscribe Now
Balanced

1,837.25

1,859.22

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SIGIF 151.24

151.40

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SIBOND

128.75

128.75

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Iman 186.57

191.10

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SIMM

Effective Yield: 10.20%

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