Investors in the Nigerian equity market sustained last week positive sentiment as the
investors’ wealth rose by ₦533 billion following the expectation of lockdown easing will trigger the economy, following the 5 weeks lockdown of Lagos and Ogun state, including the FCT.
Consequently, the NSE-ASI and NSE-Market Capitalization value grew by 4.45% w/w to close for this week at 24,045.40 absolute points and ₦12.53 trillion respectively as against 23,021.01 absolute points and ₦12.00 trillion last Thursday. This is nominal term translates to a week-on-week gain of ₦533.86 billion in Market Capitalization value.
All of the five major sectors closed positive on a week-on-week basis, led by Consumer Goods (+8.45%), Banking (+3.99%), Oil & Gas (+2.83%), Insurance (+2.76%) and Industrial (+2.20%) ARDOVA emerged top gainers this week; appreciating by 32.47% w/w, while LINKAGE shed 16.98 % w/w to emerge the top loser.
Overall, a total turnover of 1.66 billion shares worth ₦18.20 billion in 28,791 deals was traded this week by investors on the floor of the Nigerian exchange in contrast to a total 1.01 billion shares valued at ₦9.89 billion that exchanged hands last week in 17,023 deals. A total of Thirty-nine (39) equities appreciated at price during the week, higher than twenty-eight (28) equities in the previous week.
investors’ wealth rose by ₦533 billion following the expectation of lockdown easing will trigger the economy, following the 5 weeks lockdown of Lagos and Ogun state, including the FCT.
Consequently, the NSE-ASI and NSE-Market Capitalization value grew by 4.45% w/w to close for this week at 24,045.40 absolute points and ₦12.53 trillion respectively as against 23,021.01 absolute points and ₦12.00 trillion last Thursday. This is nominal term translates to a week-on-week gain of ₦533.86 billion in Market Capitalization value.
All of the five major sectors closed positive on a week-on-week basis, led by Consumer Goods (+8.45%), Banking (+3.99%), Oil & Gas (+2.83%), Insurance (+2.76%) and Industrial (+2.20%) ARDOVA emerged top gainers this week; appreciating by 32.47% w/w, while LINKAGE shed 16.98 % w/w to emerge the top loser.
Overall, a total turnover of 1.66 billion shares worth ₦18.20 billion in 28,791 deals was traded this week by investors on the floor of the Nigerian exchange in contrast to a total 1.01 billion shares valued at ₦9.89 billion that exchanged hands last week in 17,023 deals. A total of Thirty-nine (39) equities appreciated at price during the week, higher than twenty-eight (28) equities in the previous week.