Nigeria’s listed equities worth elevated by N2.84trillion or 3.18 % in week ended August 8.
This enormous achieve got here regardless of that the market recorded its first unfavourable on Friday after consecutive weeks of rally.
Insurance coverage, shopper items, industrial, oil & gasoline shares had been main drivers of the document achieve within the assessment week whereas banking shares had been bought by traders for revenue.
Learn additionally: Stock investors half year deal hits N4.19trn
Particularly, NGX Insurance coverage Index elevated by 41 % within the assessment week, NGX Shopper Items Index (+8.27 %), NGX Industrial Index (+8.73 %), NGX Oil & Gasoline Index (+0.17 %), whereas NGX Banking Index closed the week decrease by 0.75 %.
The market’s return year-to-date (YtD) moderated to +41.61 % because the week’s buying and selling closes. Month-to-date (MtD), the market has risen by 4.21 %.
Learn additionally: Stock investors book N532bn loss in one week
The market closed within the purple zone on Friday, August 8 (-0.56 %) as traders pull-back in rallying counters like MTNN, Wema Financial institution, Custodian, BUA Cement, Lafarge Africa failed to draw discount hunters.
The Nigerian Change Restricted (NGX) All-Share Index (ASI) and equities Market Capitalisation elevated from previous week’s shut of 141,263.05 factors and N89.373 trillion respectively to 145,754.91 factors and N92.214 trillion.
