HOW THE NIGERIAN STOCK MARKET INVESTORS 'POCKETED' N916BN DURING LOCKDOWN-May 8,2020

[Melvin]

From the business post's analysis,there were a total of 23 trading sessions from when the lockdown became effective in Nigeria till it was lifted by President Buhari.It was observed that of the 23 trading days,the market recorded 15 gains and 8 losses,putting this into percentage,bulls dominated by 76%, while the bears managed only 24%.During the 23 trading days the All-Share Index (ASI) appreciated by 1,759.07 points to 23,089.89 points from 21.330.79 points,while the market capilisation increased by N916 billion to N12.03 trillion from N11.117 trillion.Since the movement cessation was eased,the market has remained bullish,closing higher at the close of transactions on thursday.However,as at the time of filing this repor, the market was down by 1.20%.