The market opened for four trading days as the Federal Government of Nigeria declared Monday, 1st May 2023as Public Holidays to mark the Workers’ Day celebration. The Nigerian equity market closed trading activities last week on a Positive note, as investors’ bullish sentiment was dominant in two of the four trading days. The market positive performance in the previous week was witnessed in all the indices.
The NGX All-Share Index and The Market Capitalization appreciated by 0.12% to close the week at 52,465.31 and N28.568 trillion respectively. Fifty-one (51) equities appreciated in price during the week, twenty-six (26) equities depreciated in price while seventy-nine (79) equities remained unchanged.
The uptrend was witnessed in some medium and large capitalized stocks, amongst which are; CWG (+25.71%), ACADEMY (+20.00%), WEMABANK (+16.58%), ARDOVA (+14.63%), MULTIVERSE (+11.51%), ETERNA (+11.11%), CUTIX (+11.11%), ACCESSCORP (+10.84%), CHAMS (+10.71%), CONOIL (+10.00%) LEARNAFRCA (+10.00%), NEM (+9.64%), COURTVILLE (+9.52%), GTCO (+9.07%) NAHCO (+7.11%), SEPLAT (+5.35%), AIICO (+3.70%), and MTNN (+0.09%).
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