Within the buying and selling week ended Friday December 27, Nigeria inventory market rose by 0.99 %.
The market’s benchmark efficiency indicator rose week-on-week (WoW) to 102,133.30 factors. The worth of listed shares rose to N61.912 trillion.
Shares like MTNN (+10.54 % WoW), Worldwide Breweries (+11 % WoW) and FBN Holdings (+4.85 % WoW) helped to push the market increased. The 12 months to Date (YtD) market return rose to 36.59 %.
Sectoral efficiency was principally bullish over the week, with the Insurance coverage (+7.87 % WoW), Client Items (+3.13 % WoW), Banking (+1.97 % WoW), and Industrial Items (+0.09 % WoW) indices closing in inexperienced, pushed by positive aspects in Sunu Assurance (+20.03 % WoW).
Worldwide Breweries (+11 % WoW), FBN Holdings (+4.85 % WoW) and Lafarge Africa (+0.73 % WoW), respectively.
The Oil & Fuel (-0.12 % WoW) index dipped most, pushed by selloffs in Oando (-3.09 % WoW).
Iheanyi Nwachukwu
Iheanyi Nwachukwu, is a inventive content material author with over 18 years journalism expertise writing on banking, finance and capital markets. The a number of awards successful journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Diploma in Economics from Imo State College; Grasp of Science (MSc) Diploma in Administration from College of Lagos.
Iheanyi has attended a number of work-related trainings together with (i) Superior Writing and Reporting Abilities (Pan African College, Lagos); (ii) Information Company Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Growth and Rules (Worldwide Legislation Institute {ILI} of Georgetown College, Washington DC, USA).
