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The All Share Index (ASI) of the Nigerian Stock Exchange (NSE) rose by 0.21 percent week on week to close at 40,928.70 points, which translated to 87.56 points increase over 40,841.14 points on April 6,2018. Year to date, the ASI closed on last week Friday at 7.02 percent. In the same manner the market capitalisation of the listed equities added N30.8 billion to N14.753 trillion recorded on April 6 to close last Friday at N14.784 trillion, representing 0.21 percent week on week gain and 8.63 percent increase year to date.
The sectoral indices that outperformed the ASI include the NSE Premium Index, the NSE Industrial Index and the NSE Pension Index. The NSE premium Index appreciated by 14.44 percent year to date as it closed last Friday at 2,934.48 points as against 2,564.13 points on the last trading day in December 2017.
Furthermore, the NSE Industrial Index rose by 10.02 percent year to date to close last week at 2,173.54 points compared with 1,975.59 points on the last trading day in December 2017. In the same manner, the NSE Pension Index increased by 13.55 percent year to date to end last week at 1,566.74 points in contrast to 1,379.74 points on December 29,2017.
Last week, the NSE announced it would migrate Access Bank, Lafarge, Seplat and United Bank for Africa (UBA) to the premium board effective April 16, 2018.
“Access Bank Plc, Lafarge Africa Plc, Seplat Petroleum Development Company Plc and United Bank for Africa Plc have all passed the Corporate Governance Rating System (CGRS) and have market capitalisation of N347.12bn, N378.60bn, N391.37bn and N374.48bn respectively. They will join Dangote Cement Plc, FBN Holdings Plc, and Zenith International Bank Plc who were migrated to the Premium Board in 2015, bringing the total number of companies on the Board to seven”, NSE announced on its official website.
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