Nigeria’s equities market value grew by about N1.51trillion in the trading week ended Friday May 30.
While consumer goods, industrial and insurance stocks drove the market higher, investors took profit in oil & gas and banking stocks.
NGX Consumer Goods Index rose by 5.96 percent in the review trading week, followed by NGX Insurance Index which increased by 1.76 percent, while NGX Industrial Index rose by 1.07 percent. Meanwhile, NGX Oil & Gas Index decreased by 5.42 percent, while NGX Banking Index was down by 0.88 percent.
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The market recorded three consecutive days of positive closes as against two days of negatives, pushing the Index higher by 1.05 percent.
The market’s return year-to-date (YtD) rose to 8.56 percent as at close of trading on Friday. The market rose by 5.62 percent in the month of May.
In the review trading week, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation increased remarkably from 109,710.37 points and N68.953 trillion respectively to 111,742.01 points and N70.462 trillion.


