The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation increased by 4.25percent or N1.17trillion in the trading week ended Friday May 13.
The record gain in the review trading week pushed higher market’s positive return to 24.31percent year-to-date (YtD). Also, the market has increased this month by 6.97percent.
Read also: How Nigeria can tap global $365bn footwear market with lessons from India
Both market performance indicators had opened the review week at 50,935.03points and N27.460trillion respectively but rose to 53,098.46points and N28.625trillion as of Friday.
In the review week, NGX Oil & Gas Index increased most by 6.94percent, followed by NGX Consumer Goods Index which appreciated by 5.41 percent and NGX Industrial Index which rose week-on-week (WoW) by 2.33percent.
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Iheanyi Nwachukwu
Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos.
Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).
Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.
