Local stock market adds 0.06% WoW as investors gain N11bn

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Last week, investors earned N11 billion as the local stock market closed the week positively, leaving the benchmark index with 0.06 per cent appreciation.

Specifically, the All-Share Index (ASI) of the Nigerian Exchange Limited (NGX) rose week-on-week (W-o-W) by 22.09 points or 0.06 per cent to close at 38,943.87 points. Similarly, market capitalisation rose N11 billion W-o-W to close at N20.290 trillion.

Sectoral performance failed to mirror the benchmark index as most indices closed in red. The NGX Banking, NSE Insurance, NGX Consumer Goods, NGX Oil & Gas and the NGX Industrial index fell by 0.79 per cent, 0.58 per cent, 0.21 per cent, 3.35 per cent and 0.24 per cent respectively to…



Source: Nigerian Tribune