Nigeria stock market closed the week ended Friday June 4 in green. This follows consecutive positive sessions and some capital gains especially among small-cap stocks.
At the close of trading session in the review week, the Nigerian Exchange Limited (NGX) All-Share Index and Market Capitalization appreciated by 1.23percent to close the week at 38,726.10 and N20.185 trillion respectively.
Similarly, all other indices finished higher with the exception of NSE Consumer Goods, NSE Oil/Gas and NSE Sovereign Bond which depreciated by 0.37percent, 0.79percent and 0.74percent respectively, while the NSE ASeM and NSE Growth Indices closed flat.
Market watchers believe that though investor sentiment is on a positive path, they do not rule out the possibility of some profit taking at the start of next week’s trading.
Thirty-three (33) equities appreciated in price during the week, higher than thirty-two (32) in the preceding week. Thirty-three (33) equities depreciated in price higher than thirty (30) equities in the preceding week, while ninety-four (9) equities remained unchanged lower than ninety-eight (98) equities recorded in the preceding week.
