Last week, investors in the Nigerian equity market sustained previous week positive sentiment as investors’ wealth rose by ₦533 billion following the gradual reopening of the economy after five weeks of the complete lockdown of Lagos, Ogun, and the FCT by the federal government to check community spread of the Covid-19 pandemic.
Consequently, the All-Share Index (ASI) increased by 1,024.39 absolute points, representing a 4.45% growth to close at 24,045.40 points. Similarly, the Market Capitalization gained ₦533.86 billion, representing a 4.45% increase to close at ₦12.53 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; NB (+25.00%), DANGCEM (+15.38%), ETI (+12.36%), CONOIL (+9.77%), NESTLE (+8.67%), ZENITHBANK (+7.69%), TRANSCORP (+7.58%), HONYFLOUR (+7.00%), OANDO (+6.85%), GUARANTY (+4.52%), UBN (+3.70%), DANGSUGAR (+2.81%), UBA (+2.48%), FBNH (+2.17%), and FIDELITY (+0.56%).
Consequently, the All-Share Index (ASI) increased by 1,024.39 absolute points, representing a 4.45% growth to close at 24,045.40 points. Similarly, the Market Capitalization gained ₦533.86 billion, representing a 4.45% increase to close at ₦12.53 trillion.
The upturn was impacted by gains recorded in medium and large capitalized stocks, amongst which are; NB (+25.00%), DANGCEM (+15.38%), ETI (+12.36%), CONOIL (+9.77%), NESTLE (+8.67%), ZENITHBANK (+7.69%), TRANSCORP (+7.58%), HONYFLOUR (+7.00%), OANDO (+6.85%), GUARANTY (+4.52%), UBN (+3.70%), DANGSUGAR (+2.81%), UBA (+2.48%), FBNH (+2.17%), and FIDELITY (+0.56%).