Nigeria’s listed stocks gained about N1.43trillion in the trading week ended Friday, June 27.
Investors hunted for value stocks across all sectors except oil & gas which saw major profit-taking activities.
The NGX Banking Index increased by +2.59 percent, NGX Consumer Goods Index (+3.73 percent), NGX Industrial Good Index (+3.92 percent), NGX Insurance Index (+3.67 percent) while NGX Oil & Gas Index decreased by 2.23 percent.
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The market recorded mixed trading sessions in the review week as cautious sentiment lingered. More investors appetite for value stocks helped the market to outweigh sell-side effect to close in green zone.
The market’s performance indicator increased by 1.57 percent, while the market’s return year-to-date (YtD) increased to 16.58 percent. This month, the stock market has risen by 7.39 percent.
In the review week, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation increased from 118,138.22 points and N74.534 trillion respectively to 119,995.76 points and N75.962 trillion.
