In July 2023, the Nigerian Stock Exchange (NSE) saw a month of growth, with the Nigerian Stock Exchange All-Share Index (NGX-ASI) gaining 5.53%.
However, at the close of the stock market on July 31, 2023, the NGX-ASI had fallen 1.10% to a value of 64,337.52 points.
Despite the drop on the month's final trading day, the overall market trend remained favourable. By the end of July 2023, the NGX-ASI had gained an astounding 25.53% year to date (YTD).
The YTD gain evaluates the stock market's overall performance from the beginning of the year through the stated date, suggesting that, despite swings, the market had fared well and had witnessed significant growth from the beginning of the year.
Read more: https://www.investingport.com/stocks-experienced-growth-in-july-with-the-ngx-asi-gaining-553/