BusinessDay

Nigeria’s stock market rises by 0.72% in one week

...investors book over N130bn gain

Despite pockets of profit-taking activities in the trading week ended December 4, Nigeria’s stock market still rose by 0.72 percent, market data show.

The market’s positive return year-to-date (YtD) printed higher at +30.91 percent as at Friday.

All the NSE sectoral indexes closed in the red zone in the review trading week except NSE Insurance and NSE Oil & Gas.

With the declines recorded in key sectors of the Exchange, market watchers expect investors to start taking a position in some fundamentally sound stocks seen trading at record low and attractive prices.

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The Nigerian Stock Exchange (NSE) All-Share Index (ASI) and Market Capitalisation appreciated from a week-open low of 34,885.51 points and N18.228 trillion to close the review trading week at 35,137.99 points and N18.365 trillion, respectively.

Investors booked about N137 billion gain in the trading week under review. Month-to-Date (MtD), the market has increased by 0.27 percent.

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