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ALL SHARE INDEX
Nigerian bourse continued its bullish run in three days consecutively.
The All Share Index rose as banking bellwethers buoyed the Banking Index by 3.71%.
28 equities appreciated in price during the week, higher than 26 equities in the previous week.
Market activity improved, compared to the previous trading session.
Market capitalization similarly declined by 0.39% as DANGOTE recorded significant sell-offs in its share price.
Across sectors, three of the five indexes under our coverage closed in the red.
A total of 325.61 million shares valued at N4.47 billion was traded in 5,647 deals on Friday. FBNH was the most traded stock by volume of 75.1 million units, while GUARANTY topped by value at N904.25 million.
“Supported by recovering oil prices, resumption of economic activities and attractive valuations, we have seen the NSE ASI rally from -20.6% in March to -6.1% return Year-to-Date." - Oscar Onyema
Today’s stock market uptrend was impacted by gains recorded in High Cap stocks like Mobil, Zenith Bank, Guaranty Trust Bank, Unilever, and BUACEMENT.
Trading at Nigeria’s bourse remained thin, as many local investors remained on the sidelines
This week, a total turnover of 1.662 billion shares worth N18.205 billion in 28,791 deals were traded by investors on the floor of the Exchange.
Nigeria's stock market suspended its bullish run, with the All-Share Index declining by 1.27%.