Stocks News

Stock market sees 0.37% rise week ended November 17

Within the trading week ended Friday, November 17, Nigeria’s equities market rose by 0.37 p.c or N182billion as more merchants stayed on the aquire-aspect of the bourse.

Despite income taking in banking and industrial stocks, the market mute recorded four days of certain closes as against a day of damaging discontinuance.

Read also: Stock market defies inflation document as Index crosses 71,000 set

The Nigerian Alternate Restricted (NGX)
All-Portion Index (ASI) and its market capitalisation rose from week-open lows of 70,849.38 factors and N38.925 trillion respectively to 71,112.ninety 9 factors and

The NGX Banking Index became once down by 0.04 p.c whereas NGX Industrial Index dropped by 1.18 p.c week-on-week.

Various sectoral indices executed better. NGX Shopper Goods Index elevated by 0.24 p.c.

NGX Insurance Index became once up by 0.91 p.c, whereas NGX Oil & Gas Index went up by 2.61 p.c.

Read also: Stock market rises by 1.12% in week ended October 13

Vetiva look at analysts said they mute ask of identical tepid trading sessions in original week, “as merchants stare to other asset class, given vital returns loads of the counters like posted this year”.

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