2021 Corporate Earnings To Dictate Stock Market Direction This Week

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The domestic stock market is expected to close positive this week, as more listed companies publish their audited 2021 full year results and with the

Last week was a keenly contested battle between the bulls and the bears as mixed sentiments dominated trading activities on the local bourse.

Performance across sectors was mixed; the NGX Banking, NGX Oil & Gas and the NGX Industrial indices fell by 0.74 per cent, 3.45 per cent and 0.32 per cent respectively to close at 450.09 points, 409.32 points and 2,131.36 points respectively. However, NGX Insurance index and NGX Consumer Goods index rose by 1.05 per cent and 2.35 per cent to 187.80 points and 592.59 points respectively.

On the other side, CWG Plc led the decliners table by 9.76 per cent to close at N1.11, per share. Berger Paints followed with a loss of 9.58 per cent to close at N7.55, while Nigerian Exchange Group declined by 8.49 per cent to close at N24.25, per share.

 

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