Weekly Market Closure

The Nigerian stock market closed lower last week, extending its bearish run as profit-taking hit 57 stocks. The All-Share Index (ASI) fell by 0.50%, settling at 140,295.49 points compared to 141,004.14 points in the prior week. Similarly, market capitalization declined by 0.49%, closing at ₦88.769 trillion from ₦89.209 trillion, representing a loss of about ₦440 billion. On […]

The Nigerian equities market last week closed on a bearish note on the backdrop of selloff in Dangote Cement, MTN Nigeria and 52 other stocks that closed the week lower. The All-Share Index was down by 2.51% to close at 141,004.14 points from 144,628.20 points recorded the previous week. Investors lost N2.29trn as market capitalization declined by 2.51%[…]

It looks like the Nigerian stock market had a bullish week, with notable gains in key stocks like UPDC, PRESCO, and MTN Nigeria, driving the All Share Index up by 1.38%. Here are some key takeaways: Market Highlights: Top Gainers: Top Losers: The strong market performance was driven by increased investor confidence, particularly in UPDC and PRESCO.[…]