NSE All-Share Index Appreciates 0.31% as Stock Market Recovers

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ad822dcb nse NSE All-Share Index Appreciates 0.31% as Stock Market Recovers

By Goddy Egene

The announcement of corporate earnings and declaration of dividends by more companies as well as the abating political risks combined to lift the Nigerian stock market last week compared with a decline the previous week.

The equities market measured by the benchmark indicator, the Nigerian Stock Exchange (NSE) All-Share Index (NSE ASI) appreciated by 0.31 per cent last week, compared with a decline of 2.12 per cent the preceding week. In the same vein, market capitalisation rose by same margin to close higher at N11.905 trillion. However, while other indices finished higher  the  NSE Insurance, NSE Consumer Goods, NSE Oil/Gas, NSE Lotus II and NSE Industrial Goods indices depreciated by 1.30 per cent, 1.02 per cent, 2.56 per cent, 1.09 per cent  and 1.72 per cent respectively.

In their comments on the market performance, analyst at Cordros Capital Plc said: “We reiterate our view that the blend of a compelling…



Source: Thisday Newspaper