Stock market ends 2019 with N362bn gain

The market capitalisation of equities listed on the NSE increased from N12.595tn on Tuesday last week to NN12.753tn on Friday.

Consequently, the year-to-date return moderated to -14.6 per cent while market capitalisation increased by N112.4bn. In line with market performance, sector performance was broadly positive as all sectors recorded gains, save the consumer goods index, which closed negative, down 0.3 per cent on the back of losses in Nigerian Breweries Plc and Dangote Sugar Refinery Plc.

The banking index closed higher by 1.4 per cent buoyed by price appreciation in Guaranty Trust Bank Plc, Access Bank and Zenith Bank while the AFR-ICT index closed flat.

Of Which dangote got half of the stocks.

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2019: Nigeria’s stock market ends in red, 2020 offers hope – Daily TrustWith few days of trading before the year ends, it is almost certain that transactions on the Nigerian Stock Exchange (NSE) will close in the red zone. The outgoing year is, indeed, turning out to be yet another locust year for both local and foreign investors, due to an unfriendly operating environment.ADVERTISEMENT This analysts said …
Source: Daily Trust - 🏆 13. / 51 Read more »