In the just concluded week, the local bourse
witnessed bullish momentum as investors
bought shares of tickers companies with sound
Notably, we saw the share prices of NEM, CADBURY, JBERGER, AIRTELAFRI and DANGCEM rise by 10.00%,
9.65%, 9.35%, 5.00% and 2.31% respectively
– hence, lifting the All-Share Index and Market
Capitalization each by 165bps to close at
49,638.94 points and N26.76 trillion.
Also, most of the sector gauges closed in positive territory amid sustained buy pressure. Notably,
The NGX Consumer Goods index, NGX Oil and gas index, the NGX Industrial Goods and NGX NSE30 index increased by 6.35%, 10.20%, 0.51%, and 2.11% respectively to close at 618.11 points, 524.38 points, 2185.25 points, and 1,886.26 points respectively.
Meanwhile, market activity was bullish as volume and value rose by 8% & 43% to 1.4 billion units and N30 billion.
However, deals for the five days of the week under review close at 29,132 as against 20,212 recorded for the comparative full week.
In the new week, we expect the equities market index to rise further as investors buy more shares in anticipation for the Q1 2022 companies releases.