In what has been a truly unusual year, the Nigerian stock market last week closed positive with N778 billion in all of the three trading sessions in the last trading week of 2020.
During the course of the week, the market saw investors take positions in industrial stocks such as Lafarge Africa, BUA Cement and Dangote Cement. This was as Dangote Cement began its first tranche of share buyback programme which ended December 31, 2020. Market breadth closed the same with 32 gainers and 32 losers, while 97 equities remained unchanged. NEM Insurance led the gainers table by 31.62 per cent to close at N1.79, per share. Japaul Gold & Ventures followed with a gain of 29.17 per cent to close at 62 kobo, while BUA Cement rose by 28.92 per cent to close at N77.35, per share.
Meanwhile, a total turnover of 1.806 billion shares worth N25.966 billion in 14,634 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 2.756 billion shares valued at N40.311 billion that exchanged hands previous week in 17,459 deals.