The Nigerian equity market closed trading activities last week on a Positive note, as investors’ bullish sentiment was dominant in all the four trading days. The market opened for four trading days this week as the Federal Government of Nigeria declared Friday 21st April 2023 and 24th April 2023 as Public Holidays to mark the Eidel Fitr celebration. The market positive performance in the previous week was witnessed in all the indices with the exception of NGX Oil and Gas which depreciated by 0.14%.
The NGX All-Share Index and The Market Capitalization appreciated by 2.04% to close the week at 52,403.51 and N28.534 trillion respectively. Forty-nine (49) equities appreciated in price during the week, seventeen (17) equities depreciated in price while ninety (90) equities remained unchanged.
The uptrend was witnessed in some medium and large capitalized stocks, amongst which are; HONYFLOUR (+34.91%), CADBURY (+32.35%), CWG (+19.32%), CHAMS (+16.67%), TRANSCORP (+14.69%), DANGSUGAR (+14.04%), BUAFOODS (+11.76%), ACADEMY (+11.54%), MULTIVERSE (+11.20%), FTNCOCOA (+11.11%) FCMB (+10.24%), JAIZBANK (+9.20), PZ (+8.82), LIVESTOCK (+8.33%) UNILEVER (+6.72%), FLOURMILL (+4.38%), AIRTELAFRI (+4.34%), and OANDO (+0.18%).
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