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Stock market rises slightly as investors gain N90bn

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The nation’s stock market rose by 0.67 per cent last week as the market capitalisation increased by N90bn. The Nigerian Stock Exchange All-Share Index closed at 25,182.

67 basis points last week, up from 25,016.30bps the previous week.All other indices finished higher with the exception of NSE MERI Growth, NSE Consumer Goods and NSE Oil/Gas Indices, which depreciated by 0.07 per cent, 0.20 per cent and 2.62 per cent respectively, while NSE ASeM closed flat.

The financial services industry led the activity chart with 814.292 million shares valued at N7.19bn traded in 8,352 deals, thus contributing 73.82 per cent and 72.76 per cent to the total equity turnover volume and value respectively. Thirty-four equities appreciated in price last week, compared to 26 in the previous week; 31 equities depreciated in price, compared to 39 in the previous week, while 98 equities remained unchanged, same as the figure recorded in the previous week.

 

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