Inventory market sees 0.37% rise week ended November 17

Inventory market sees 0.37% rise week ended November 17

Within the buying and selling week ended Friday, November 17, Nigeria’s equities market rose by 0.37 p.c or N182billion as extra traders stayed on the buy-side of the bourse.

Regardless of revenue taking in banking and industrial shares, the market nonetheless recorded 4 days of optimistic closes as towards a day of damaging shut.

Learn additionally: Stock market defies inflation report as Index crosses 71,000 mark

The Nigerian Change Restricted (NGX)
All-Share Index (ASI) and its market capitalisation rose from week-open lows of 70,849.38 factors and N38.925 trillion respectively to 71,112.99 factors and

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

Different sectoral indices completed larger. NGX Client Items Index elevated by 0.24 p.c.

NGX Insurance coverage Index was up by 0.91 p.c, whereas NGX Oil & Fuel Index went up by 2.61 p.c.

Learn additionally: Stock market rises by 1.12% in week ended October 13

Vetiva analysis analysts stated they nonetheless count on comparable tepid buying and selling classes in new week, “as traders look to different asset class, given important returns many of the counters have posted this yr”.

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