Goddy Egene
The Nigerian equities market sustained its positive performance last week as the Nigerian Stock Exchange (NSE) All-Share Index rose by 2.04 per cent, the highest weekly gain since August 23, 2019.
The market had the previous week broken free from a five-week decline to gain 0.08 per cent. That growth was sustained last week as bargain hunters swooped on fundamentally strong stocks following shift to the equities market, after the Central Bank of Nigeria (CBN), barred local investors from participating in its open market operations (OMO) auctions.
Out of the four trading days for the week, the market appreciated in three days, making the NSE ASI to close at 26,851.68, while market capitalisation added N261.3 billion to close at N13.07 trillion.
The market opened for trading on Tuesday with a gain of 0.54 per cent but dipped by 0.37 per cent on Wednesday. However, the market recovered on Thursday with an appreciation of 1.84 per…
Source: Thisday Newspaper
