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Best performing mining, industrial and consumer goods stocks from last week

Market data for the week ended 9th April 2021 revealed that the Nigerian Equity space closed on a negative note, as the All-Share Index and the market capitalization depreciated by -0.66%, to close the week lower at 38,866.39 and N20.335 trillion respectively. This bearish move has been linked to the conclusion of an impressive annual reporting season, as this leaves few incentives to bet on slightly higher returns from equities, with the rising yields in the fixed-income market. Some industrial, mining, and consumer goods stocks delivered decent returns during the week Despite the prevailing bearishness in the market which impacted the performance of some key consumer and industrial good stocks on NSE last week, shares of the following industrial, mining, and consumer goods companies delivered decent returns for their holders during the week.

Bearish Lagos Traders See Gloom Persisting for Nigerian Stocks

Bearish Lagos Traders See Gloom Persisting for Nigerian Stocks Tope Alake, Bloomberg News BC-Bearish-Lagos-Traders-See-Gloom-Persisting-for-Nigerian-Stocks , Tope Alake (Bloomberg) Nigerian stocks look unlikely to shake off their poor start to 2021 anytime soon, with an investor preference for returns available in the local debt market set to persist, according to analysts and investors. The benchmark Nigeria Stock Exchange All Share Index slipped 3% in the first quarter and the conclusion of a positive annual reporting season leaves few incentives to tempt investors to bet on slightly higher returns from equities compared with the less risky government fixed-income market, said Ayodeji Ebo, head of retail investment at Chapel Hill Denham in Lagos.

Stock market in reverse mode, loses N1 36trn in February

Stock market in reverse mode, loses N1 36trn in February
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