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Johnson Okafor
The Nigerian equity market on Monday commenced the weekly activities on the negative trajectory as investors continued to take profits to increase capital gains.
Key market indicators, the NSE ASI, declined by 0.23 per cent as bargain hunters continued to take profits from gains recorded last week.
The market breath however closed positive with 22 losers against 35 gainers.
Consequently, the All-Share Index dipped 93.76 basis points or 0.23 per cent to close at 1,082.38 index points as against 41,176.14 recorded the previous trading session while market capitalisation of equities depreciated by N40bn from N21.53tn the last Friday to N21.49tn as market sentiment remained on the negative territory.
Punch Newspapers
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Johnson Okafor
Nigerian stocks on Tuesday sustained their positive outlook to begin the week on a progressive note as the key performance measure, NSE ASI, rose further by 0.80 per cent.
Market watchers attributed development to renewal of confidence as bargain hunters continued to leverage on undervalued stocks.
The market breadth however closed negative as the number of gainers at the close of trading session was 19 while decliners closed at 20.
Consequently, the All-Share Index grew by 310.16 basis points or 0.80 per cent from 38,800.01 index points last Friday to 39,110.17 while the market capitalisation of equities appreciated by N167bn to close at N39.11tn from N38.80tn.
Punch Newspapers
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Johnson Okafor
Nigerian equity market on Monday sustained its positive outlook as the overall performance measures, NSE ASI and market capitalisation rose further by1.73 per cent.
However, market breadth closed flat with 23 gainers against 23 decliners.
Consequently, the All-Share Index grew by 638.65 basis points or 1.73 per cent from 36,804.75 index points last Friday to 37,443.40.
The market capitalisation of equities appreciated by N334bn to close at N19.57tn from N19.24tn.
On the activity chart, the insurance sub-sector dominated in volume terms as 153.47 million shares exchanged in 766 deals.
The sub-sector was enhanced by the activities in the shares of AIICO Insurance Plc and AXA-Mansard Plc.