Author: Patience

The Nigerian equity market closed trading activities last week positive giving it five star performance for the week as investors’ bullish sentiment was dominant in all of the five trading sessions. The market positive performance for last week was buoyed by investors’ increased appetite for bellwether stocks like AIRTELAFRI, MTNN, SEPLAT and others, as all sectors gained excluding the consumer goods sector which dropped  by 0.42%. As Investors’ wealth advanced by N847.08 billion last week and a total of 55 stocks increased last week, higher than 44 stocks the previous week. Furthermore, the Market Indicators NGX-ASI grew by 2.95 %…

The Nigerian equity market closed trading activities last week in green, although investors’ bullish sentiment was dominant in two out of the five trading days. The market positive performance for last week was attributed to investors’ increased appetite for bellwether stocks like DANGCEM,GUINNESS,ETERNA and others, as all sectors gained excluding the consumer goods sector which depreciated by 1.09%. As Investors’ wealth advanced by N34.42billion last week and a total of 44 stocks increased last week higher than 39 stocks the previous week. Furthermore, the Market Indicators NGX-ASI grew by 0.12 % w/w to close for the week at 52,657.88 absolute…

The Nigerian equity market closed trading activities last week in green, although investors’ bullish sentiment was dominant in two out of the five trading days. The market positive outturn for last week was attributed to investors’ increased appetite for blue-chip stocks such as; AIRTELAFRI, NESTLE and others, although the Banking, Consumer and Industrial goods dropped by 2.60%, 0.40% and 1.06% respectively. As Investors’ wealth advanced by N44.78billion last week and a total of 39 stocks increased last week lower than 51 stocks the previous week. Furthermore, the Market Indicators NGX-ASI grew by 0.16 % w/w to close for the week…

The Nigerian equity market closed trading activities last week bullish, as investors positive sentiment was dominant in four of the five trading days. The market positive performance for last week was due to investors’ increased buying interest in MTNN, DANGCEM, TOTAL and others, and also gains in all the major sectors except the Insurance sector which declined by 1.64%. As Investors’ wealth grew by N895.42billion last week and a total of 51 stocks increased last week higher than 38 stocks the previous week. Furthermore, the Market Indicators NGX-ASI increased by 2.52% w/w to close for the week at 52,512.48 absolute…

The Nigerian equity market closed transactions for the first trading week in the year 2023 on a bearish note, although market opened for only four trading days as Monday 2nd January, 2023 was declared a public holiday, to mark the New Year celebration. The negative sentiment was buoyed by bargain hunting in stocks like AIRTELAFRI, NESTLE and others, although all major sectors appreciated except the Industrial goods sector which declined by (0.58%). Investors’ wealth dipped by N15.64 billion last week and a total of 17 stocks dropped last week higher than 16 stocks the previous week. Furthermore, the Market Indicators…

The Nigerian equity market closed trading activities for the last week in 2022 in green, although market opened for only three trading days as Monday 26th December, 2022 and Tuesday 27th December, 2022 were declared as a public holidays, to mark the Christmas celebration. The positive outturn was attributed to investors’ increased appetite in some blue chip stocks such as; AIRTELAFRI,NESTLE, MTNN, SEPLAT and others, as Investors’ wealth advanced by N841.50 billion last week. A total of 44 stocks appreciated last week higher than 41 stocks the previous week. Furthermore, the Market Indicators NGX-ASI grew by 3.11% w/w to close…

The Nigerian equity market closed trading activities for last week in green, as investors’ positive sentiment was dominant in all the five trading sessions. This was attributed to investors’ increased appetite in all major market sectors as Investors’ wealth advanced by N212.31billion last week and a total of 41 stocks appreciated last week higher than 32 stocks the previous week. Furthermore, the Market Indicators NGX-ASI advanced by 0.79% w/w to close for the week at 49,706.09 absolute points compared to 49,316.29 absolute points the previous week. While the Market Capitalization also increased by 0.79% w/w, to close at ₦27.07 trillion…

The Nigerian equity market closed trading activities for last week positive, as investors’ bullish sentiment was dominant in four out of the five trading days, giving it five-star performance in a row. This was buoyed by investors’ increased appetite in all major market sectors, excluding the Consumer goods sector which depreciated by 0.20% w/w. Investors’ wealth grew by N236.59billion last week, as a total of 32 stocks appreciated last week higher than 31 stocks the previous week. Furthermore, the Market Indicators NGX-ASI advanced by 0.89% w/w to close for the week at 49,316.29 absolute points compared to 48,881.93 absolute points…