Within the procuring and selling week ended Friday December 27, Nigeria stock market rose by 0.99 p.c.
The market’s benchmark efficiency indicator rose week-on-week (WoW) to 102,133.30 system. The ticket of listed stocks rose to N61.912 trillion.
Stocks bask in MTNN (+10.54 p.c WoW), Worldwide Breweries (+11 p.c WoW) and FBN Holdings (+4.85 p.c WoW) helped to push the market increased. The Yr to Date (YtD) market return rose to 36.59 p.c.
Sectoral efficiency was as soon as largely bullish over the week, with the Insurance coverage (+7.87 p.c WoW), Consumer Goods (+3.13 p.c WoW), Banking (+1.97 p.c WoW), and Industrial Goods (+0.09 p.c WoW) indices closing in green, driven by positive aspects in Sunu Assurance (+20.03 p.c WoW).
Worldwide Breweries (+11 p.c WoW), FBN Holdings (+4.85 p.c WoW) and Lafarge Africa (+0.73 p.c WoW), respectively.
The Oil & Gas (-0.12 p.c WoW) index dipped most, driven by selloffs in Oando (-3.09 p.c WoW).
Iheanyi Nwachukwu, is a inventive shriek material creator with over 18 years journalism ride writing on banking, finance and capital markets. The a few awards a hit journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Stage in Economics from Imo Sigh University; Grasp of Science (MSc) Stage in Management from University of Lagos.
Iheanyi has attended a few work-associated trainings including (i) Evolved Writing and Reporting Expertise (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Dialog {IIMC}, Fresh Delhi, India); and (iii) Capital Markets Pattern and Regulations (Worldwide Law Institute {ILI} of Georgetown University, Washington DC, USA).
