Equity market

Nigerian Stock Market Weekly Summary and Outlook The Nigerian Stock Market sustained a downward trend throughout the week. NSE ASI closed the week at 0.8% lower compared to previous week’s return, hence index level berthed at 34,388.12 points despite the streams of quarterly results that were released. Likewise, YTD return swung back negative, settling at 0.8%. Market activity however improved as total volume for the week rose 35.5% W-o-W to 1.6bn units while value traded…

Weekly Equities Market Review and Outlook The Nigerian Stock Market traded predominately in the red save for the last trading day this week erasing previous losses. The streams of positive quarterly results that were released gradually boosted investors’ sentiment most especially on Thursday (+1.9%). As a result, the NSE-ASI advanced 0.6% WTD settling at 34,708.11 points at the close of trade this week. Likewise MTD and YTD swung positive at 9.3% and 0.1% respectively. On…

Nigerian Stock Market Weekly Summary and Outlook The market continued to trade sideways this week as investors treaded more cautiously. The NSE ASI shed 1.5% W-o-W settling at 34,485.72 at the close of trade on Friday. Nevertheless, MtD return closed positive at 8.6% although YtD was negative at 0.5%. Following the course of the benchmark index, aggregate market capitalization declined N779.1bn W-o-W and closed at N11.7tn. Market activity was mixed with the aggregate volume of…