Financial Analysis and Performance of AEON Metals Limited Project

This project report provides a comprehensive financial analysis of AEON Metals Limited, an Australian company engaged in mineral exploration. The report begins with a company description and examines its ownership and governance structure, highlighting key stakeholders and management personnel. It then delves into performance ratios, including ROA, ROE, and debt ratios, to assess the company's financial health. The analysis further investigates changes in stock prices, significant factors influencing the stock, and calculations of CAPM and beta values to evaluate risk and return. WACC calculations are also presented to determine the cost of capital. The report concludes with a dividend policy review and recommendations for investors based on the financial performance and market position of AEON Metals Limited. The study uses data from annual reports and financial databases to support its findings.

Running Head: Finance For Business
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Project Report: Finance for business

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Contents
Introduction.......................................................................................................................3
1. Company description...............................................................................................3
2. Ownership governance structure.............................................................................3
3. Performance ratios...................................................................................................4
4. Changes in stock price.............................................................................................6
5. Significant factors....................................................................................................7
6. Calculation of CAPM and beta values.....................................................................7
7. WACC calculations.................................................................................................8
8. Debt ratios................................................................................................................9
9. Dividend policy........................................................................................................9
10. Recommendation and Conclusion.........................................................................10
References.......................................................................................................................11
Appendix.........................................................................................................................13

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Introduction:
Financial management is an effective way to manage and evaluate the money of a
business. Financial management of a company makes it easy for the company to evaluate the
performance of the company, new projects of the company, position of the company etc. It
accomplishes the objective of the company and assists the company to make various better
decisions. Financial management is an application of financial evaluation. In financial
evaluation, the investment opportunity of an organization is evaluated and it is investigated
that whether the company would be able to perform well in the market. Further, this study
assists every person who is linked with the company to evaluate that how the company is
performing in Australian market?
1. Company description:
AEON metals limited company is operating its activities into Australian market. This
company has engaged in tenement and prospect exploration of various minerals. This
company has explored and developed various projects into Australian market. The main
project of the company is “Walford Creek Base Metal Project” which has explored one of the
biggest mineral projects of the company (FT, 2018). This company is presenting itself very
well in the market. The financial performance and the activities of the company are quite
attractive. Further, the market position of the company is also great.
2. Ownership governance structure:
More to it, the financial performance and the position of the company has been
evaluated and for it, the annual report of the company has been evaluated and the main
people of the company have been analyzed. To evaluate that how many people are directly
and indirectly involving in the BOM of the company and managing the operations and
making decision about the activities of the company (Brammer, Brooks and Pavelin, 2006).
This structure is maintained by every company to measure, evaluate and make changes in the
operations, activities, investment proposal and position of the company. Following is the
details of the company:
Substantial stakeholders:
Accoridng to the study on the top investors of the company, it has been evaluated that
the HSBC is the main stakeholder of the company which has around 21.4% share in the total

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stocks of the company. In addition, it has been evaluated that 2nd largest stockholder of the
company is BLISS INVESTMENTS which has 6.76% in the total stocks of the company. at
the same time, 4.6% stocks of the company is held by SLW minerals corporation pty limited.
It explains that there is only 1 company which has more than 20% stocks of the company and
on the other hand, there is only 2 companies which has more than 5% stocks of the company.
(Annual Report, 2017)
Main people:
At the same time, annual report of the company has been evaluated to recognize the
chief people of the company. It explains that the main people of the company are Mr. Thomas
Joseph Mann, Mr. John Leslie Goody, Mr. Edgar George Newman, Mr. Hamish Collins, Mr.
Paul Harris, Mr. Ivan Wong and Mr. Stephen Lonergan. They all are managing the business
and the financial activities of the company. Further, it has been evaluated that none of them
are having more than 5% stake in the ownership of the company.
3. Performance ratios:
Further, for evaluating the financial position and performance of the company, ratio
analysis study has been done. For performance ratio analysis, annual report of the company
has been investigated and the financial figures of the company have been measured. ROE,
ROA and debt ratios have mainly are calculated to evaluate the financial performance of the
company (Brigham and Houston, 2012). Following are the calculations:
Return on assets (ROA):

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Return on assets of the company has been evaluated to recognize the performance of
the company. Return on assets takes the concern of total assets and the net profit after tax.
The calculations are as follows:
A. Return on assets= NPAT/ total Assets
(8242)/57076
-14.440%
The return on assets of the company is -14.40% which explains that the company is
suffering from loss.
Return on equity (ROE):
Return on equity of the company has been evaluated to recognize the performance of
the company. Return on equity takes the concern of total equity and the net profit after tax.
The calculations are as follows:
B. Return on Equity= Net profit after tax/
ordinary equity
(8242)/48379
-17.04%
The return on equity of the company is -17.04% which explains that the company is
suffering from loss.
Debt ratios:
Debt ratios of the company have been evaluated to recognize the performance of the
company and the capital structure of the company. Debt ratios take the concern of total equity
and the total liabilities. The calculations are as follows:
C. Debt Ratios = Total Liabilities/
total assets
51740/196838
26.29%
The debt ratios of the company are 26.29% which explains that the company is
managing the good assets and liability combination. Further, the below calculations have
been done:

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EBIT / TA * NPAT / EBIT * TA/ OE = NPAT / OE
(1953/57076)*(-
8242/1953)*(57076/48379)=
(-
8242/48379)
-17.04% -17.04%
(Morningstar, 2018)
TA/OE:
The phenomenon of TA/TE explains that the total of assets and equity directly makes
an impact over the return on assets and return on equity. Further the study explains that the
total assets and total equity plays main part in evaluating the return on assets and return on
equity. Following is the equation of TA and TE which explains about the relationship f
TA/TE with ROA and ROE.
TA/TE = (NPAT/ Total
assets)/(NPAT/TE)
TA/TE =Total assets/TE
ROA and ROE:
ROA and ROE explains about the performance of the company and it explains that
how the ROA and ROE are significantly related. Further, it has been found that the ROE is
always greater than ROA due to the double accounting entry rule system which depicts that
the total assets is the total of total liabilities and shareholder equity of an entity. It explains
that the Return on assets of the company is bit lower.
4. Changes in stock price:
Further, the study has been done over teh stock price of the company to evaluate the
performance of the company. It explains that how much movement the stock price of the
company has. More to it, the study has been done over AORD prices to compare both the
prices. Through the study, it has been found that there is huge difference among the prices.
Following is the graph of the AORD and AML:

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(Yahoo Finance, 2018)
Evalaution:
The above study and the grpah over both the stock’s price explains about the position
of the company in the market. The differences and the trend of changes on both the stock
explains that the correlation of the company is 0.87 which explains about a high correlations
and explains that with the changes in the AORD prices, stock price of AML also got affected.
Further, the significant risk of the company is quite lower (Fletcher and Growing, 2009).
5. Significant factors:
More to it, the internal and external factors of the company has been studied which
have impacted over the position and the prices of the stock. Following factors are few of
them:
a. Significant management changes:
The changes into the board of directors and the managing director have negatively
affected the stock price of the company.
b. Competitors impact:
At the same time, it has been studied that the position of the company is not that much
good in comparison with the competitors and thus the stock price has been lower.
c. Analyst forecast:
Further, the financial analysis study had also affected the prices of the company
(Thomas, Lyons, Chen and Pugh, 2008).

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d. Law suits:
Law suits have also played a role in the stock price of the company.
e. Industry wide factors:
At the end, industry factors are also important to evaluate the stock price.
6. Calculation of CAPM and beta values:
Beta:
The stock price of AML explains that the systematic risk of the company is 0.02%.
CAPM:
CAPM calculations are as follows:
Calculation of cost of equity (CAPM)
RF 4.00%
RM 6.00%
Beta 0.000297
Required rate of return 4.00%
(Shao, Kwok and Guedhami, 2013)
Explanation:
The above study explains that if the investor would invest into the company than they
would expect return of 4%. Further, it explains that the total cost of the company would be
4% if the company would raise the funds through equity than the company is required to pay
4% cost to the stockholders of the company.
7. WACC calculations:
Weighted average cost of capital calculations are as follows:
Calculation of WACC
Price Cost Weight WACC
Debt 0 4.20% 0 0
Equity 48,379 4.00% 1 0.04001
48,379 Kd 4.00%
Calculation of cost of debt

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Outstanding debt 0
interest rate 6%
Tax rate 0.3
Kd 4.20%
Calculation of cost of equity
(CAPM)
RF 4.00%
RM 6.00%
Beta 0.03%
Required rate of return 4.00%
(Mornigstar, 2018)
Evaluation:
Weighted average cost of capital of the comapny explains about the cost of debt and
cost of equity. Cost of equity of the company is 4% and the cost of debt of the company is
4.2%. It explains that if the company raises the funds through equity than the cost of the
company would be 4% and if it rises through debt than the cost of debt of the company is
4.2%. It explains that the total cost of the company is 4%.
8. Debt ratios:
Optimal capital structure:
Optimal cash flow of the company has been evaluated through calculating the
debt ratios. The calculation of debt ratios of last 2 years are as follows:
2017 2016
A. Debt Ratios = Total Liabilities/ total
assets
Total Liabilities/ total
assets
32764/57076 24640/57167
57.40% 43.10%
It explains that the capital structure of the company has been enhanced from 43.1% to
57.4%. The total assets of the company have been enhanced and due to which the debt ratios
of the company has also been enhanced (Ocal et al, 2007).
Gearing ratios:

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More to it, the gearing ratios have been calculated and it has been found that the capital
employed of the company has been lowered from last year and due to which the gearing
ratios of the company has been enhanced.
2017 2016
B. Gearing ratios = Total
Liabilities/
Capital
employed
Total Liabilities/ Capital
employed
32764/(57076-
32757)
24640/(57167-1074)
134.73% 43.93%
9. Dividend policy:
The annual report of the company has been evaluated further and it has been found that
company has not announced any dividend this year due to the fact that company has not
generated any profit this year (Shapiro, 2008). This explains that the company is following
relevant dividend policies but due to no profit and reserves, the dividend of the company is
lower (Bartram, Brown and Fehle, 2009).
10.Recommendation and Conclusion:
The above study recommends the investors to not to invest into the company due to the
fact that high losses are occurring into the company from last few years and the position of
the company is also not stable. Further, the risk and return of the company is also lower.
More to it, the financial performance of the company is also not good. Thus, the investors
must not go for this company and must choose another company to invest.

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References:
Annual report. 2017. AEON Metals limited. viewed Jan 22, 2018,
http://aeonmetals.com.au/assets/uploads/2016/09/2016-Sep-30-Annual-Report-to-
Shareholders.pdf
Bartram, S. M., Brown, G. W., and Fehle, F. R. 2009. International evidence on financial
derivatives usage. Financial management, 38(1), 185-206.
Brammer, S., Brooks, C., and Pavelin, S. 2006. Corporate social performance and stock
returns: UK evidence from disaggregate measures. Financial management, 35(3), 97-116.
Brigham, E. F., and Houston, J. F. 2012. Fundamentals of financial management. Cengage
Learning.
Fletcher, J and Growing, D 1979, Effective writing for accountants, The Institute of
Chartered Accountants in England and Wales, London.
Thomas, C, Lyons, K, Chen, P and Pugh, J 2008, Financial Resource Management, Study
Guide, Department of Maritime and Logistics Management, Australian Maritime College,
Launceston, p.3.11.
FT. 2017. AEON Metals limited. viewed Jan 22, 2018,
https://markets.ft.com/data/equities/tearsheet/summary?s=AML:ASX
Morningstar. 2017. AEON Metals limited. viewed Jan 22, 2018,
http://financials.morningstar.com/cash-flow/cf.html?t=AMLandregion=ausandculture=en-US
Öcal, M. E., Oral, E. L., Erdis, E., and Vural, G. 2007. Industry financial ratios—application
of factor analysis in Turkish construction industry. Building and Environment, 42(1), 385-
392.
Shapiro, A. C. 2008. Multinational financial management. John Wiley and Sons.

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Yahoo Finance. 2017. AEON Metals limited. viewed Jan 22, 2018,
https://finance.yahoo.com/quote/AML.AX/history?
period1=1451586600andperiod2=1514658600andinterval=1dandfilter=historyandfrequency=
1d

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Appendix:
AEON METALS LTD (AML) CashFlowFlag INCOME STATEMENT
Fiscal year ends in June. AUD in thousands except per share
data.
2017-
06
2016-
06
Costs and expenses
Sales, General and administrative 1953 3138
Interest expense
Other operating expenses 6289 -671
Total costs and expenses 8242 2467
Income before income taxes -8242 -2467
Net income from continuing operations -8242 -2467
Other 1 2
Net income -8241 -2465
Net income available to common shareholders -8241 -2465
Earnings per share
Basic -0.02 -0.01
Diluted -0.02 -0.01
Weighted average shares outstanding
Basic 347832 339645
Diluted 347832 339645
EBITDA -8321 -2591
AEON METALS LTD (AML) CashFlowFlag BALANCE SHEET
Fiscal year ends in June. AUD in thousands except per share
data.
2017-
06
2016-
06
Assets
Current assets
Cash
Cash and cash equivalents 1868 6629
Short-term investments 51 50
Total cash 1919 6679
Receivables 121 146
Prepaid expenses 50 49
Total current assets 2090 6874
Non-current assets
Property, plant and equipment
Gross property, plant and equipment 55301 50688
Accumulated Depreciation -361 -431
Net property, plant and equipment 54940 50257
Equity and other investments
Other long-term assets 46 36

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Total non-current assets 54986 50293
Total assets 57076 57167
Liabilities and stockholders' equity
Liabilities
Current liabilities
Accounts payable
Short-term debt 31814
Other current liabilities 943 1074
Total current liabilities 32757 1074
Non-current liabilities
Long-term debt 23558
Other long-term liabilities 7 8
Total non-current liabilities 7 23566
Total liabilities 32764 24640
Stockholders' equity
Common stock 48379 48379
Retained earnings
-
28163
-
24682
Accumulated other comprehensive income 4096 8830
Total Stockholders' equity 24312 32527
Total liabilities and stockholders' equity 57076 57167
AEON METALS LTD (AML) Statement of CASH FLOW
Fiscal year ends in June. AUD in thousands except per share
data.
2017-
06
2016-
06
Cash Flows From Operating Activities
Other non-cash items -1577 -767
Net cash provided by operating activities -1577 -767
Cash Flows From Investing Activities
Investments in property, plant, and equipment -3204 -24
Property, plant, and equipment reductions 21
Acquisitions, net
Purchases of investments -1 -1
Other investing activities -2227
Net cash used for investing activities -3184 -2252
Cash Flows From Financing Activities
Debt issued 4789
Common stock issued 3260
Other financing activities -213
Net cash provided by (used for) financing activities 7836
Net change in cash -4761 4817
Cash at beginning of period 6629 1812

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Cash at end of period 1868 6629
Free Cash Flow
Operating cash flow -1577 -767
Capital expenditure -3204 -2251
Free cash flow -4781 -3018
AML AORD
Date Adj Close Return Date Adj Close Return
03-01-2016 0.03 03-01-2016 5322.80
04-01-2016 0.03 0.00 04-01-2016 5239.20 -0.02
05-01-2016 0.031 0.03 05-01-2016 5178.00 -0.01
06-01-2016 0.03 -0.03 06-01-2016 5068.80 -0.02
07-01-2016 0.03 0.00 07-01-2016 5049.40 0.00
10-01-2016 0.03 0.00 10-01-2016 4990.70 -0.01
11-01-2016 0.03 0.00 11-01-2016 4982.20 0.00
12-01-2016 0.03 0.00 12-01-2016 5041.60 0.01
13-01-2016 0.03 0.00 13-01-2016 4964.10 -0.02
14-01-2016 0.031 0.03 14-01-2016 4948.50 0.00
17-01-2016 0.031 0.00 17-01-2016 4911.80 -0.01
18-01-2016 0.03 -0.03 18-01-2016 4955.10 0.01
19-01-2016 0.03 0.00 19-01-2016 4896.90 -0.01
20-01-2016 0.027 -0.10 20-01-2016 4917.60 0.00
21-01-2016 0.027 0.00 21-01-2016 4969.60 0.01
24-01-2016 0.027 0.00 24-01-2016 5057.10 0.02
26-01-2016 0.027 0.00 26-01-2016 5000.80 -0.01
27-01-2016 0.027 0.00 27-01-2016 5028.10 0.01
28-01-2016 0.027 0.00 28-01-2016 5056.60 0.01
31-01-2016 0.027 0.00 31-01-2016 5094.30 0.01
01-02-2016 0.027 0.00 01-02-2016 5044.00 -0.01
02-02-2016 0.027 0.00 02-02-2016 4930.80 -0.02
03-02-2016 0.027 0.00 03-02-2016 5029.30 0.02
04-02-2016 0.027 0.00 04-02-2016 5025.60 0.00
07-02-2016 0.027 0.00 07-02-2016 5022.10 0.00
08-02-2016 0.03 0.11 08-02-2016 4882.60 -0.03
09-02-2016 0.03 0.00 09-02-2016 4826.50 -0.01
10-02-2016 0.031 0.03 10-02-2016 4870.90 0.01
11-02-2016 0.031 0.00 11-02-2016 4816.60 -0.01
14-02-2016 0.031 0.00 14-02-2016 4893.40 0.02
15-02-2016 0.031 0.00 15-02-2016 4961.60 0.01
16-02-2016 0.031 0.00 16-02-2016 4938.40 0.00
17-02-2016 0.031 0.00 17-02-2016 5047.10 0.02

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18-02-2016 0.03 -0.03 18-02-2016 5008.30 -0.01
21-02-2016 0.03 0.00 21-02-2016 5056.60 0.01
22-02-2016 0.03 0.00 22-02-2016 5039.10 0.00
23-02-2016 0.036 0.20 23-02-2016 4943.30 -0.02
24-02-2016 0.045 0.25 24-02-2016 4944.70 0.00
25-02-2016 0.045 0.00 25-02-2016 4945.10 0.00
28-02-2016 0.045 0.00 28-02-2016 4947.90 0.00
29-02-2016 0.045 0.00 29-02-2016 4989.60 0.01
01-03-2016 0.045 0.00 01-03-2016 5083.50 0.02
02-03-2016 0.045 0.00 02-03-2016 5142.20 0.01
03-03-2016 0.051 0.13 03-03-2016 5151.10 0.00
06-03-2016 0.051 0.00 06-03-2016 5204.70 0.01
07-03-2016 0.06 0.18 07-03-2016 5169.50 -0.01
08-03-2016 0.06 0.00 08-03-2016 5215.70 0.01
09-03-2016 0.06 0.00 09-03-2016 5210.90 0.00
10-03-2016 0.05 -0.17 10-03-2016 5224.80 0.00
13-03-2016 0.055 0.10 13-03-2016 5242.40 0.00
14-03-2016 0.054 -0.02 14-03-2016 5168.60 -0.01
15-03-2016 0.05 -0.07 15-03-2016 5175.70 0.00
16-03-2016 0.05 0.00 16-03-2016 5226.40 0.01
17-03-2016 0.05 0.00 17-03-2016 5239.30 0.00
20-03-2016 0.05 0.00 20-03-2016 5224.90 0.00
21-03-2016 0.05 0.00 21-03-2016 5230.80 0.00
22-03-2016 0.05 0.00 22-03-2016 5204.30 -0.01
23-03-2016 0.05 0.00 23-03-2016 5151.60 -0.01
28-03-2016 0.05 0.00 28-03-2016 5076.20 -0.01
29-03-2016 0.05 0.00 29-03-2016 5081.50 0.00
30-03-2016 0.05 0.00 30-03-2016 5151.80 0.01
31-03-2016 0.048 -0.04 31-03-2016 5073.80 -0.02
04-04-2016 0.05 0.04 04-04-2016 5070.10 0.00
05-04-2016 0.05 0.00 05-04-2016 5000.40 -0.01
06-04-2016 0.05 0.00 06-04-2016 5024.60 0.00
07-04-2016 0.05 0.00 07-04-2016 5042.30 0.00
08-04-2016 0.052 0.04 08-04-2016 5018.00 0.00
11-04-2016 0.052 0.00 11-04-2016 5013.20 0.00
12-04-2016 0.05 -0.04 12-04-2016 5053.70 0.01
13-04-2016 0.05 0.00 13-04-2016 5127.20 0.01
14-04-2016 0.05 0.00 14-04-2016 5187.70 0.01
15-04-2016 0.05 0.00 15-04-2016 5224.10 0.01
18-04-2016 0.05 0.00 18-04-2016 5204.90 0.00
19-04-2016 0.05 0.00 19-04-2016 5254.70 0.01
20-04-2016 0.05 0.00 20-04-2016 5281.20 0.01
21-04-2016 0.05 0.00 21-04-2016 5336.40 0.01

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22-04-2016 0.054 0.08 22-04-2016 5299.20 -0.01
26-04-2016 0.054 0.00 26-04-2016 5283.60 0.00
27-04-2016 0.054 0.00 27-04-2016 5250.90 -0.01
28-04-2016 0.054 0.00 28-04-2016 5289.40 0.01
29-04-2016 0.054 0.00 29-04-2016 5316.00 0.01
02-05-2016 0.06 0.11 02-05-2016 5312.00 0.00
03-05-2016 0.06 0.00 03-05-2016 5415.00 0.02
04-05-2016 0.06 0.00 04-05-2016 5335.60 -0.01
05-05-2016 0.063 0.05 05-05-2016 5344.50 0.00
06-05-2016 0.069 0.10 06-05-2016 5358.60 0.00
09-05-2016 0.069 0.00 09-05-2016 5387.80 0.01
10-05-2016 0.069 0.00 10-05-2016 5403.90 0.00
11-05-2016 0.065 -0.06 11-05-2016 5434.80 0.01
12-05-2016 0.065 0.00 12-05-2016 5423.40 0.00
13-05-2016 0.065 0.00 13-05-2016 5396.30 0.00
16-05-2016 0.065 0.00 16-05-2016 5420.30 0.00
17-05-2016 0.065 0.00 17-05-2016 5458.50 0.01
18-05-2016 0.069 0.06 18-05-2016 5420.50 -0.01
19-05-2016 0.077 0.12 19-05-2016 5385.60 -0.01
20-05-2016 0.077 0.00 20-05-2016 5415.20 0.01
23-05-2016 0.085 0.10 23-05-2016 5384.90 -0.01
24-05-2016 0.08 -0.06 24-05-2016 5361.90 0.00
25-05-2016 0.08 0.00 25-05-2016 5436.80 0.01
26-05-2016 0.085 0.06 26-05-2016 5451.90 0.00
27-05-2016 0.085 0.00 27-05-2016 5469.70 0.00
30-05-2016 0.085 0.00 30-05-2016 5473.60 0.00
31-05-2016 0.085 0.00 31-05-2016 5447.80 0.00
01-06-2016 0.085 0.00 01-06-2016 5395.20 -0.01
02-06-2016 0.074 -0.13 02-06-2016 5354.20 -0.01
03-06-2016 0.08 0.08 03-06-2016 5392.50 0.01
06-06-2016 0.085 0.06 06-06-2016 5431.00 0.01
07-06-2016 0.09 0.06 07-06-2016 5441.00 0.00
08-06-2016 0.087 -0.03 08-06-2016 5441.10 0.00
09-06-2016 0.09 0.03 09-06-2016 5437.40 0.00
10-06-2016 0.09 0.00 10-06-2016 5391.60 -0.01
14-06-2016 0.08 -0.11 14-06-2016 5282.50 -0.02
15-06-2016 0.08 0.00 15-06-2016 5230.40 -0.01
16-06-2016 0.085 0.06 16-06-2016 5231.70 0.00
17-06-2016 0.085 0.00 17-06-2016 5248.30 0.00
20-06-2016 0.085 0.00 20-06-2016 5335.60 0.02
21-06-2016 0.085 0.00 21-06-2016 5353.30 0.00
22-06-2016 0.082 -0.04 22-06-2016 5349.50 0.00
23-06-2016 0.08 -0.02 23-06-2016 5358.60 0.00

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24-06-2016 0.082 0.03 24-06-2016 5192.80 -0.03
27-06-2016 0.082 0.00 27-06-2016 5216.20 0.00
28-06-2016 0.082 0.00 28-06-2016 5179.70 -0.01
29-06-2016 0.082 0.00 29-06-2016 5221.00 0.01
30-06-2016 0.082 0.00 30-06-2016 5310.40 0.02
01-07-2016 0.082 0.00 01-07-2016 5327.00 0.00
04-07-2016 0.088 0.07 04-07-2016 5365.20 0.01
05-07-2016 0.086 -0.02 05-07-2016 5312.80 -0.01
06-07-2016 0.091 0.06 06-07-2016 5284.70 -0.01
07-07-2016 0.1 0.10 07-07-2016 5311.00 0.00
08-07-2016 0.11 0.10 08-07-2016 5315.60 0.00
11-07-2016 0.125 0.14 11-07-2016 5417.50 0.02
12-07-2016 0.11 -0.12 12-07-2016 5433.20 0.00
13-07-2016 0.135 0.23 13-07-2016 5470.30 0.01
14-07-2016 0.13 -0.04 14-07-2016 5491.80 0.00
15-07-2016 0.145 0.12 15-07-2016 5510.10 0.00
18-07-2016 0.145 0.00 18-07-2016 5538.90 0.01
19-07-2016 0.13 -0.10 19-07-2016 5533.90 0.00
20-07-2016 0.135 0.04 20-07-2016 5565.90 0.01
21-07-2016 0.135 0.00 21-07-2016 5588.70 0.00
22-07-2016 0.135 0.00 22-07-2016 5574.30 0.00
25-07-2016 0.135 0.00 25-07-2016 5607.50 0.01
26-07-2016 0.135 0.00 26-07-2016 5612.60 0.00
27-07-2016 0.14 0.04 27-07-2016 5615.00 0.00
28-07-2016 0.145 0.04 28-07-2016 5636.70 0.00
29-07-2016 0.15 0.03 29-07-2016 5644.00 0.00
01-08-2016 0.15 0.00 01-08-2016 5670.10 0.00
02-08-2016 0.145 -0.03 02-08-2016 5622.10 -0.01
03-08-2016 0.145 0.00 03-08-2016 5551.40 -0.01
04-08-2016 0.145 0.00 04-08-2016 5563.40 0.00
05-08-2016 0.15 0.03 05-08-2016 5585.60 0.00
08-08-2016 0.15 0.00 08-08-2016 5625.70 0.01
09-08-2016 0.145 -0.03 09-08-2016 5636.70 0.00
10-08-2016 0.14 -0.03 10-08-2016 5628.20 0.00
11-08-2016 0.14 0.00 11-08-2016 5599.40 -0.01
12-08-2016 0.135 -0.04 12-08-2016 5626.30 0.00
15-08-2016 0.13 -0.04 15-08-2016 5633.80 0.00
16-08-2016 0.17 0.31 16-08-2016 5625.70 0.00
17-08-2016 0.17 0.00 17-08-2016 5628.10 0.00
18-08-2016 0.165 -0.03 18-08-2016 5607.30 0.00
19-08-2016 0.17 0.03 19-08-2016 5625.40 0.00
22-08-2016 0.17 0.00 22-08-2016 5612.30 0.00
23-08-2016 0.17 0.00 23-08-2016 5647.10 0.01

Finance For Business
19
24-08-2016 0.16 -0.06 24-08-2016 5653.60 0.00
25-08-2016 0.165 0.03 25-08-2016 5631.40 0.00
26-08-2016 0.185 0.12 26-08-2016 5607.40 0.00
29-08-2016 0.175 -0.05 29-08-2016 5561.50 -0.01
30-08-2016 0.18 0.03 30-08-2016 5573.50 0.00
31-08-2016 0.165 -0.08 31-08-2016 5529.40 -0.01
01-09-2016 0.165 0.00 01-09-2016 5511.20 0.00
02-09-2016 0.165 0.00 02-09-2016 5470.60 -0.01
05-09-2016 0.165 0.00 05-09-2016 5524.40 0.01
06-09-2016 0.16 -0.03 06-09-2016 5510.40 0.00
07-09-2016 0.17 0.06 07-09-2016 5521.10 0.00
08-09-2016 0.17 0.00 08-09-2016 5484.60 -0.01
09-09-2016 0.16 -0.06 09-09-2016 5440.50 -0.01
12-09-2016 0.16 0.00 12-09-2016 5319.10 -0.02
13-09-2016 0.16 0.00 13-09-2016 5310.00 0.00
14-09-2016 0.16 0.00 14-09-2016 5326.60 0.00
15-09-2016 0.16 0.00 15-09-2016 5337.10 0.00
16-09-2016 0.15 -0.06 16-09-2016 5396.70 0.01
19-09-2016 0.135 -0.10 19-09-2016 5393.70 0.00
20-09-2016 0.14 0.04 20-09-2016 5397.30 0.00
21-09-2016 0.14 0.00 21-09-2016 5429.40 0.01
22-09-2016 0.15 0.07 22-09-2016 5466.30 0.01
23-09-2016 0.16 0.07 23-09-2016 5518.60 0.01
26-09-2016 0.155 -0.03 26-09-2016 5519.10 0.00
27-09-2016 0.16 0.03 27-09-2016 5493.70 0.00
28-09-2016 0.16 0.00 28-09-2016 5500.20 0.00
29-09-2016 0.15 -0.06 29-09-2016 5558.20 0.01
30-09-2016 0.15 0.00 30-09-2016 5525.20 -0.01
02-10-2016 0.15 0.00 02-10-2016 5564.80 0.01
03-10-2016 0.16 0.07 03-10-2016 5569.90 0.00
04-10-2016 0.15 -0.06 04-10-2016 5537.00 -0.01
05-10-2016 0.15 0.00 05-10-2016 5564.80 0.01
06-10-2016 0.145 -0.03 06-10-2016 5548.50 0.00
09-10-2016 0.145 0.00 09-10-2016 5555.50 0.00
10-10-2016 0.145 0.00 10-10-2016 5562.20 0.00
11-10-2016 0.15 0.03 11-10-2016 5555.20 0.00
12-10-2016 0.15 0.00 12-10-2016 5518.30 -0.01
13-10-2016 0.145 -0.03 13-10-2016 5518.50 0.00
16-10-2016 0.145 0.00 16-10-2016 5470.90 -0.01
17-10-2016 0.15 0.03 17-10-2016 5492.00 0.00
18-10-2016 0.15 0.00 18-10-2016 5518.40 0.00
19-10-2016 0.15 0.00 19-10-2016 5526.20 0.00
20-10-2016 0.145 -0.03 20-10-2016 5513.90 0.00

Finance For Business
20
23-10-2016 0.13 -0.10 23-10-2016 5489.10 0.00
24-10-2016 0.14 0.08 24-10-2016 5523.30 0.01
25-10-2016 0.14 0.00 25-10-2016 5442.10 -0.01
26-10-2016 0.14 0.00 26-10-2016 5378.40 -0.01
27-10-2016 0.155 0.11 27-10-2016 5370.90 0.00
30-10-2016 0.16 0.03 30-10-2016 5402.40 0.01
31-10-2016 0.16 0.00 31-10-2016 5375.20 -0.01
01-11-2016 0.15 -0.06 01-11-2016 5311.00 -0.01
02-11-2016 0.15 0.00 02-11-2016 5306.60 0.00
03-11-2016 0.155 0.03 03-11-2016 5263.10 -0.01
06-11-2016 0.155 0.00 06-11-2016 5330.90 0.01
07-11-2016 0.155 0.00 07-11-2016 5342.20 0.00
08-11-2016 0.16 0.03 08-11-2016 5238.30 -0.02
09-11-2016 0.165 0.03 09-11-2016 5408.90 0.03
10-11-2016 0.165 0.00 10-11-2016 5446.60 0.01
13-11-2016 0.16 -0.03 13-11-2016 5420.30 0.00
14-11-2016 0.17 0.06 14-11-2016 5399.80 0.00
15-11-2016 0.175 0.03 15-11-2016 5399.60 0.00
16-11-2016 0.18 0.03 16-11-2016 5408.90 0.00
17-11-2016 0.18 0.00 17-11-2016 5427.50 0.00
20-11-2016 0.185 0.03 20-11-2016 5419.30 0.00
21-11-2016 0.185 0.00 21-11-2016 5480.60 0.01
22-11-2016 0.195 0.05 22-11-2016 5549.90 0.01
23-11-2016 0.195 0.00 23-11-2016 5549.00 0.00
24-11-2016 0.19 -0.03 24-11-2016 5570.50 0.00
27-11-2016 0.19 0.00 27-11-2016 5532.60 -0.01
28-11-2016 0.19 0.00 28-11-2016 5520.50 0.00
29-11-2016 0.195 0.03 29-11-2016 5502.40 0.00
30-11-2016 0.195 0.00 30-11-2016 5560.40 0.01
01-12-2016 0.19 -0.03 01-12-2016 5502.60 -0.01
04-12-2016 0.19 0.00 04-12-2016 5458.00 -0.01
05-12-2016 0.18 -0.05 05-12-2016 5486.60 0.01
06-12-2016 0.195 0.08 06-12-2016 5535.40 0.01
07-12-2016 0.195 0.00 07-12-2016 5599.00 0.01
08-12-2016 0.19 -0.03 08-12-2016 5615.80 0.00
11-12-2016 0.19 0.00 11-12-2016 5619.10 0.00
12-12-2016 0.195 0.03 12-12-2016 5600.70 0.00
13-12-2016 0.195 0.00 13-12-2016 5639.70 0.01
14-12-2016 0.19 -0.03 14-12-2016 5595.00 -0.01
15-12-2016 0.185 -0.03 15-12-2016 5589.70 0.00
18-12-2016 0.19 0.03 18-12-2016 5612.80 0.00
19-12-2016 0.195 0.03 19-12-2016 5640.00 0.00
20-12-2016 0.195 0.00 20-12-2016 5662.00 0.00

Finance For Business
21
21-12-2016 0.195 0.00 21-12-2016 5691.80 0.01
22-12-2016 0.2 0.03 22-12-2016 5675.10 0.00
27-12-2016 0.2 0.00 27-12-2016 5732.40 0.01
28-12-2016 0.2 0.00 28-12-2016 5746.70 0.00
29-12-2016 0.2 0.00 29-12-2016 5719.10 0.00
02-01-2017 0.2 0.00 02-01-2017 5784.60 0.01
03-01-2017 0.185 -0.08 03-01-2017 5788.20 0.00
04-01-2017 0.185 0.00 04-01-2017 5805.10 0.00
05-01-2017 0.19 0.03 05-01-2017 5809.00 0.00
08-01-2017 0.185 -0.03 08-01-2017 5857.70 0.01
09-01-2017 0.185 0.00 09-01-2017 5813.00 -0.01
10-01-2017 0.19 0.03 10-01-2017 5823.70 0.00
11-01-2017 0.195 0.03 11-01-2017 5821.60 0.00
12-01-2017 0.195 0.00 12-01-2017 5776.80 -0.01
15-01-2017 0.185 -0.05 15-01-2017 5803.00 0.00
16-01-2017 0.18 -0.03 16-01-2017 5754.70 -0.01
17-01-2017 0.18 0.00 17-01-2017 5733.70 0.00
18-01-2017 0.18 0.00 18-01-2017 5745.40 0.00
19-01-2017 0.195 0.08 19-01-2017 5709.70 -0.01
22-01-2017 0.195 0.00 22-01-2017 5668.00 -0.01
23-01-2017 0.195 0.00 23-01-2017 5706.30 0.01
24-01-2017 0.185 -0.05 24-01-2017 5726.00 0.00
26-01-2017 0.185 0.00 26-01-2017 5765.60 0.01
29-01-2017 0.175 -0.05 29-01-2017 5714.30 -0.01
30-01-2017 0.19 0.09 30-01-2017 5675.00 -0.01
31-01-2017 0.19 0.00 31-01-2017 5704.00 0.01
01-02-2017 0.195 0.03 01-02-2017 5696.40 0.00
02-02-2017 0.2 0.03 02-02-2017 5672.50 0.00
05-02-2017 0.195 -0.03 05-02-2017 5665.40 0.00
06-02-2017 0.2 0.03 06-02-2017 5672.60 0.00
07-02-2017 0.195 -0.03 07-02-2017 5703.40 0.01
08-02-2017 0.195 0.00 08-02-2017 5717.70 0.00
09-02-2017 0.18 -0.08 09-02-2017 5771.60 0.01
12-02-2017 0.2 0.11 12-02-2017 5812.90 0.01
13-02-2017 0.19 -0.05 13-02-2017 5810.90 0.00
14-02-2017 0.19 0.00 14-02-2017 5859.10 0.01
15-02-2017 0.175 -0.08 15-02-2017 5863.00 0.00
16-02-2017 0.175 0.00 16-02-2017 5851.00 0.00
19-02-2017 0.18 0.03 19-02-2017 5840.50 0.00
20-02-2017 0.18 0.00 20-02-2017 5835.40 0.00
21-02-2017 0.17 -0.06 21-02-2017 5850.10 0.00
22-02-2017 0.185 0.09 22-02-2017 5832.50 0.00
23-02-2017 0.185 0.00 23-02-2017 5786.90 -0.01

Finance For Business
22
26-02-2017 0.2 0.08 26-02-2017 5773.80 0.00
27-02-2017 0.22 0.10 27-02-2017 5761.00 0.00
28-02-2017 0.21 -0.05 28-02-2017 5750.90 0.00
01-03-2017 0.21 0.00 01-03-2017 5820.70 0.01
02-03-2017 0.21 0.00 02-03-2017 5775.40 -0.01
05-03-2017 0.21 0.00 05-03-2017 5788.50 0.00
06-03-2017 0.19 -0.10 06-03-2017 5801.90 0.00
07-03-2017 0.18 -0.05 07-03-2017 5799.50 0.00
08-03-2017 0.185 0.03 08-03-2017 5780.50 0.00
09-03-2017 0.17 -0.08 09-03-2017 5811.20 0.01
12-03-2017 0.185 0.09 12-03-2017 5794.60 0.00
13-03-2017 0.185 0.00 13-03-2017 5798.10 0.00
14-03-2017 0.185 0.00 14-03-2017 5813.70 0.00
15-03-2017 0.185 0.00 15-03-2017 5827.50 0.00
16-03-2017 0.185 0.00 16-03-2017 5840.80 0.00
19-03-2017 0.19 0.03 19-03-2017 5820.50 0.00
20-03-2017 0.19 0.00 20-03-2017 5819.50 0.00
21-03-2017 0.19 0.00 21-03-2017 5732.00 -0.02
22-03-2017 0.17 -0.11 22-03-2017 5754.00 0.00
23-03-2017 0.17 0.00 23-03-2017 5796.10 0.01
26-03-2017 0.18 0.06 26-03-2017 5789.20 0.00
27-03-2017 0.185 0.03 27-03-2017 5860.40 0.01
28-03-2017 0.185 0.00 28-03-2017 5910.70 0.01
29-03-2017 0.185 0.00 29-03-2017 5931.80 0.00
30-03-2017 0.185 0.00 30-03-2017 5903.80 0.00
03-04-2017 0.185 0.00 03-04-2017 5909.70 0.00
04-04-2017 0.17 -0.08 04-04-2017 5895.80 0.00
05-04-2017 0.18 0.06 05-04-2017 5915.90 0.00
06-04-2017 0.18 0.00 06-04-2017 5897.30 0.00
07-04-2017 0.17 -0.06 07-04-2017 5902.60 0.00
10-04-2017 0.17 0.00 10-04-2017 5948.90 0.01
11-04-2017 0.185 0.09 11-04-2017 5964.60 0.00
12-04-2017 0.185 0.00 12-04-2017 5968.90 0.00
13-04-2017 0.18 -0.03 13-04-2017 5925.90 -0.01
18-04-2017 0.18 0.00 18-04-2017 5868.70 -0.01
19-04-2017 0.17 -0.06 19-04-2017 5839.90 0.00
20-04-2017 0.17 0.00 20-04-2017 5854.40 0.00
21-04-2017 0.17 0.00 21-04-2017 5885.60 0.01
24-04-2017 0.165 -0.03 24-04-2017 5900.70 0.00
26-04-2017 0.165 0.00 26-04-2017 5936.80 0.01
27-04-2017 0.165 0.00 27-04-2017 5944.40 0.00
28-04-2017 0.17 0.03 28-04-2017 5947.60 0.00
01-05-2017 0.17 0.00 01-05-2017 5976.40 0.00

Finance For Business
23
02-05-2017 0.16 -0.06 02-05-2017 5971.40 0.00
03-05-2017 0.16 0.00 03-05-2017 5919.90 -0.01
04-05-2017 0.17 0.06 04-05-2017 5904.50 0.00
05-05-2017 0.17 0.00 05-05-2017 5863.80 -0.01
08-05-2017 0.165 -0.03 08-05-2017 5897.80 0.01
09-05-2017 0.165 0.00 09-05-2017 5874.50 0.00
10-05-2017 0.17 0.03 10-05-2017 5911.10 0.01
11-05-2017 0.17 0.00 11-05-2017 5912.00 0.00
12-05-2017 0.16 -0.06 12-05-2017 5870.90 -0.01
15-05-2017 0.16 0.00 15-05-2017 5868.40 0.00
16-05-2017 0.16 0.00 16-05-2017 5882.20 0.00
17-05-2017 0.15 -0.06 17-05-2017 5821.20 -0.01
18-05-2017 0.15 0.00 18-05-2017 5775.50 -0.01
19-05-2017 0.19 0.27 19-05-2017 5768.90 0.00
22-05-2017 0.185 -0.03 22-05-2017 5811.20 0.01
23-05-2017 0.185 0.00 23-05-2017 5802.80 0.00
24-05-2017 0.185 0.00 24-05-2017 5811.60 0.00
25-05-2017 0.185 0.00 25-05-2017 5828.80 0.00
26-05-2017 0.18 -0.03 26-05-2017 5792.10 -0.01
29-05-2017 0.17 -0.06 29-05-2017 5747.70 -0.01
30-05-2017 0.17 0.00 30-05-2017 5756.00 0.00
31-05-2017 0.15 -0.12 31-05-2017 5761.30 0.00
01-06-2017 0.155 0.03 01-06-2017 5772.50 0.00
02-06-2017 0.155 0.00 02-06-2017 5821.10 0.01
05-06-2017 0.155 0.00 05-06-2017 5792.10 0.00
06-06-2017 0.15 -0.03 06-06-2017 5708.10 -0.01
07-06-2017 0.15 0.00 07-06-2017 5707.80 0.00
08-06-2017 0.15 0.00 08-06-2017 5714.80 0.00
09-06-2017 0.145 -0.03 09-06-2017 5715.50 0.00
13-06-2017 0.15 0.03 13-06-2017 5801.80 0.02
14-06-2017 0.15 0.00 14-06-2017 5862.20 0.01
15-06-2017 0.15 0.00 15-06-2017 5796.70 -0.01
16-06-2017 0.145 -0.03 16-06-2017 5808.00 0.00
19-06-2017 0.14 -0.03 19-06-2017 5835.50 0.00
20-06-2017 0.15 0.07 20-06-2017 5792.30 -0.01
21-06-2017 0.15 0.00 21-06-2017 5703.20 -0.02
22-06-2017 0.145 -0.03 22-06-2017 5742.30 0.01
23-06-2017 0.15 0.03 23-06-2017 5754.60 0.00
26-06-2017 0.145 -0.03 26-06-2017 5758.40 0.00
27-06-2017 0.15 0.03 27-06-2017 5752.50 0.00
28-06-2017 0.13 -0.13 28-06-2017 5796.10 0.01
29-06-2017 0.145 0.12 29-06-2017 5855.90 0.01
30-06-2017 0.155 0.07 30-06-2017 5764.00 -0.02

Finance For Business
24
03-07-2017 0.145 -0.06 03-07-2017 5727.50 -0.01
04-07-2017 0.145 0.00 04-07-2017 5819.60 0.02
05-07-2017 0.15 0.03 05-07-2017 5801.00 0.00
06-07-2017 0.145 -0.03 06-07-2017 5797.50 0.00
07-07-2017 0.15 0.03 07-07-2017 5743.90 -0.01
10-07-2017 0.15 0.00 10-07-2017 5762.90 0.00
11-07-2017 0.14 -0.07 11-07-2017 5768.50 0.00
12-07-2017 0.15 0.07 12-07-2017 5717.70 -0.01
13-07-2017 0.17 0.13 13-07-2017 5779.10 0.01
14-07-2017 0.15 -0.12 14-07-2017 5808.70 0.01
17-07-2017 0.15 0.00 17-07-2017 5800.80 0.00
18-07-2017 0.155 0.03 18-07-2017 5738.20 -0.01
19-07-2017 0.17 0.10 19-07-2017 5779.40 0.01
20-07-2017 0.16 -0.06 20-07-2017 5805.70 0.00
21-07-2017 0.19 0.19 21-07-2017 5771.20 -0.01
24-07-2017 0.19 0.00 24-07-2017 5738.00 -0.01
25-07-2017 0.18 -0.05 25-07-2017 5775.30 0.01
26-07-2017 0.18 0.00 26-07-2017 5823.30 0.01
27-07-2017 0.19 0.06 27-07-2017 5832.20 0.00
28-07-2017 0.19 0.00 28-07-2017 5755.20 -0.01
31-07-2017 0.2 0.05 31-07-2017 5773.90 0.00
01-08-2017 0.21 0.05 01-08-2017 5820.60 0.01
02-08-2017 0.2 -0.05 02-08-2017 5794.50 0.00
03-08-2017 0.2 0.00 03-08-2017 5786.80 0.00
04-08-2017 0.2 0.00 04-08-2017 5773.30 0.00
07-08-2017 0.2 0.00 07-08-2017 5824.50 0.01
08-08-2017 0.19 -0.05 08-08-2017 5795.70 0.00
09-08-2017 0.19 0.00 09-08-2017 5816.40 0.00
10-08-2017 0.19 0.00 10-08-2017 5810.60 0.00
11-08-2017 0.18 -0.05 11-08-2017 5743.50 -0.01
14-08-2017 0.155 -0.14 14-08-2017 5778.60 0.01
15-08-2017 0.15 -0.03 15-08-2017 5804.00 0.00
16-08-2017 0.165 0.10 16-08-2017 5830.80 0.00
17-08-2017 0.145 -0.12 17-08-2017 5827.20 0.00
18-08-2017 0.145 0.00 18-08-2017 5798.50 0.00
21-08-2017 0.14 -0.03 21-08-2017 5780.00 0.00
22-08-2017 0.14 0.00 22-08-2017 5804.80 0.00
23-08-2017 0.14 0.00 23-08-2017 5792.70 0.00
24-08-2017 0.14 0.00 24-08-2017 5801.70 0.00
25-08-2017 0.15 0.07 25-08-2017 5803.40 0.00
28-08-2017 0.155 0.03 28-08-2017 5771.20 -0.01
29-08-2017 0.15 -0.03 29-08-2017 5733.60 -0.01
30-08-2017 0.155 0.03 30-08-2017 5733.80 0.00

Finance For Business
25
31-08-2017 0.16 0.03 31-08-2017 5776.30 0.01
01-09-2017 0.165 0.03 01-09-2017 5786.10 0.00
04-09-2017 0.15 -0.09 04-09-2017 5763.80 0.00
05-09-2017 0.15 0.00 05-09-2017 5767.80 0.00
06-09-2017 0.15 0.00 06-09-2017 5752.90 0.00
07-09-2017 0.15 0.00 07-09-2017 5753.80 0.00
08-09-2017 0.155 0.03 08-09-2017 5739.40 0.00
11-09-2017 0.155 0.00 11-09-2017 5779.00 0.01
12-09-2017 0.15 -0.03 12-09-2017 5806.40 0.00
13-09-2017 0.155 0.03 13-09-2017 5804.00 0.00
14-09-2017 0.155 0.00 14-09-2017 5798.40 0.00
15-09-2017 0.155 0.00 15-09-2017 5755.80 -0.01
18-09-2017 0.155 0.00 18-09-2017 5779.00 0.00
19-09-2017 0.155 0.00 19-09-2017 5772.40 0.00
20-09-2017 0.145 -0.06 20-09-2017 5769.70 0.00
21-09-2017 0.14 -0.03 21-09-2017 5716.70 -0.01
22-09-2017 0.145 0.04 22-09-2017 5740.60 0.00
25-09-2017 0.145 0.00 25-09-2017 5741.70 0.00
26-09-2017 0.15 0.03 26-09-2017 5729.60 0.00
27-09-2017 0.15 0.00 27-09-2017 5725.50 0.00
28-09-2017 0.15 0.00 28-09-2017 5731.50 0.00
29-09-2017 0.155 0.03 29-09-2017 5744.90 0.00
01-10-2017 0.155 0.00 01-10-2017 5791.30 0.01
02-10-2017 0.16 0.03 02-10-2017 5764.20 0.00
03-10-2017 0.155 -0.03 03-10-2017 5719.60 -0.01
04-10-2017 0.155 0.00 04-10-2017 5720.30 0.00
05-10-2017 0.155 0.00 05-10-2017 5777.40 0.01
08-10-2017 0.16 0.03 08-10-2017 5805.10 0.00
09-10-2017 0.155 -0.03 09-10-2017 5807.10 0.00
10-10-2017 0.15 -0.03 10-10-2017 5840.80 0.01
11-10-2017 0.16 0.07 11-10-2017 5864.10 0.00
12-10-2017 0.155 -0.03 12-10-2017 5884.70 0.00
15-10-2017 0.165 0.06 15-10-2017 5917.20 0.01
16-10-2017 0.165 0.00 16-10-2017 5958.10 0.01
17-10-2017 0.16 -0.03 17-10-2017 5954.80 0.00
18-10-2017 0.165 0.03 18-10-2017 5959.80 0.00
19-10-2017 0.165 0.00 19-10-2017 5968.60 0.00
22-10-2017 0.175 0.06 22-10-2017 5957.20 0.00
23-10-2017 0.18 0.03 23-10-2017 5962.50 0.00
24-10-2017 0.2 0.11 24-10-2017 5972.70 0.00
25-10-2017 0.2 0.00 25-10-2017 5982.50 0.00
26-10-2017 0.2 0.00 26-10-2017 5969.30 0.00
29-10-2017 0.195 -0.03 29-10-2017 5983.70 0.00

Finance For Business
26
30-10-2017 0.205 0.05 30-10-2017 5976.40 0.00
31-10-2017 0.215 0.05 31-10-2017 6005.50 0.00
01-11-2017 0.21 -0.02 01-11-2017 6002.20 0.00
02-11-2017 0.21 0.00 02-11-2017 6030.30 0.00
05-11-2017 0.215 0.02 05-11-2017 6027.20 0.00
06-11-2017 0.22 0.02 06-11-2017 6087.40 0.01
07-11-2017 0.215 -0.02 07-11-2017 6089.10 0.00
08-11-2017 0.235 0.09 08-11-2017 6122.40 0.01
09-11-2017 0.235 0.00 09-11-2017 6104.30 0.00
12-11-2017 0.26 0.11 12-11-2017 6097.20 0.00
13-11-2017 0.245 -0.06 13-11-2017 6048.70 -0.01
14-11-2017 0.24 -0.02 14-11-2017 6012.30 -0.01
15-11-2017 0.235 -0.02 15-11-2017 6023.50 0.00
16-11-2017 0.235 0.00 16-11-2017 6038.30 0.00
19-11-2017 0.245 0.04 19-11-2017 6028.00 0.00
20-11-2017 0.245 0.00 20-11-2017 6044.20 0.00
21-11-2017 0.245 0.00 21-11-2017 6067.60 0.00
22-11-2017 0.265 0.08 22-11-2017 6067.50 0.00
23-11-2017 0.265 0.00 23-11-2017 6063.10 0.00
26-11-2017 0.26 -0.02 26-11-2017 6070.40 0.00
27-11-2017 0.255 -0.02 27-11-2017 6066.70 0.00
28-11-2017 0.275 0.08 28-11-2017 6096.10 0.00
29-11-2017 0.28 0.02 29-11-2017 6057.20 -0.01
30-11-2017 0.28 0.00 30-11-2017 6075.50 0.00
03-12-2017 0.315 0.13 03-12-2017 6070.60 0.00
04-12-2017 0.32 0.02 04-12-2017 6057.30 0.00
05-12-2017 0.32 0.00 05-12-2017 6029.90 0.00
06-12-2017 0.32 0.00 06-12-2017 6060.80 0.01
07-12-2017 0.31 -0.03 07-12-2017 6077.40 0.00
10-12-2017 0.31 0.00 10-12-2017 6081.90 0.00
11-12-2017 0.3 -0.03 11-12-2017 6093.10 0.00
12-12-2017 0.3 0.00 12-12-2017 6103.10 0.00
13-12-2017 0.3 0.00 13-12-2017 6096.40 0.00
14-12-2017 0.29 -0.03 14-12-2017 6087.10 0.00
17-12-2017 0.295 0.02 17-12-2017 6130.00 0.01
18-12-2017 0.295 0.00 18-12-2017 6163.20 0.01
19-12-2017 0.29 -0.02 19-12-2017 6167.90 0.00
20-12-2017 0.285 -0.02 20-12-2017 6156.30 0.00
21-12-2017 0.29 0.02 21-12-2017 6167.30 0.00
26-12-2017 0.3 0.03 26-12-2017 6169.70 0.00
27-12-2017 0.295 -0.02 27-12-2017 6189.40 0.00
28-12-2017 0.305 0.03 28-12-2017 6167.30 0.00

Finance For Business
27
SUMMARY
OUTPUT
Regression Statistics
Multiple R
0.7920
2
R Square
0.6272
9
Adjusted R
Square
0.6265
5
Standard
Error
0.0707
4
Observatio
ns 505
ANOVA
df SS MS F
Significa
nce F
Regression 1 4.23643
4.23
643
846.
567 7E-110
Residual 503 2.51713
0.00
5
Total 504 6.75356
Coeffic
ients
Standard
Error
t
Stat
P-
valu
e
Lower
95%
Upper
95%
Lower
95.0%
Upper
95.0%
Intercept
-
1.1192 0.0572
-
19.5
66
8.2E
-64 -1.2316
-
1.0068 -1.2316 -1.0068
X Variable
1 0.0003 1E-05
29.0
958
7E-
110 0.00028
0.0003
2 0.00028 0.00032