Stock market volatility continued with the benchmark Nigerian Exchange Limited, NGX, All-Share Index, ASI, closed higher, gaining a modest 11 bases points, bps, Week-on-Week, WoW, at 66,464.57 points last Friday from 66,362.14 points the previous week.
More companies continue to announce their second quarter 2023, Q2’23, financial results while the third quarter 2023, Q3’23, are already being expected to start pouring in any moment from next week for early filers. The analysts say that owing to the cautious environment pervading the nation’s equity market, it is important that investors invest wisely ahead of events and factors that will shape the market in the final quarter of this year.
Further details revealed that the weekly market breadth stood at 1.11x, signifying 40 advancing stocks in comparison to 36 declining ones.