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FUGAZ
Nigerian equities market ended the trading session for August 2023 bullish as Investors continue to buy into blue-chip firms.
The Nigerian equities market recorded a dip at the end of Wednesday’s trading session after the market hit a record high the previous day.
The Nigerian Bourse (NSE) witnessed a positive turn on Friday, as the bearish sentiment gave way to an impressive upswing, resulting in a noteworthy increase of N86 billion in the aggregate market value of listed stocks.
The Nigerian Stock Exchange (NSE) extends its bearish performance from yesterday's trading session owing to an unfavourable market performance recorded today.
The Nigerian stock market started the week with a bullish trend, as the total value of listed equities increased by N144 billion.
The Nigerian stock market closed the week with a strong performance, as investors witnessed a N584 billion increase in market capitalization on July 21, 2023.
The first trading day of the week saw a bullish start for the stock market, as equities added 1.35 trillion in value.
The Nigeria Exchange Limited has witnessed a remarkable bullish run since President Bola Tinubu assumed office on May 29, 2023.
The market capitalization of the top five banks in Nigeria, otherwise known as the tier-1 banks or FUGAZ, appreciated by 10.48% to close the week at N3.01 trillion.
The market capitalization of the top five banks in Nigeria, otherwise known as the tier-1 banks or FUGAZ, appreciated by 0.24% to close the week at N3.01 trillion.
The market capitalization of the top five banks in Nigeria, otherwise known as the tier-1 banks or FUGAZ, appreciated by 4.41% to close the week at N3.0 trillion.
All 5 banks were bullish for the week as ACCESS HOLDINGS Plc (11.8%) was the best-performing bank.