Daily Trust - Investors gain N1.3bn despite bearish trend

 

Investors gain N1.3bn despite bearish trend

Despite four consecutive losses during the week, the local stock market closed on a bullish note as buying interest in Airtel Africa (+10.0 per cent), ABC Transport  (+9.8 per cent) and Nestlé (+9.6 per cent) supported overall performance.

Consequently, the NSE All-Share Index closed in the green, rising 1bp week-on-week (w/w) to settle at 24,829.02 points.

Similarly, year-to-date return moderated to -7.5 per cent and market capitalisation rose N1.2bn w/w to close at N13.0tn.

Activity level waned as average volume and value traded declined 29.6 per cent and 15.4 per cent to 147.9m units and N1.7bn respectively.

 

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Investors gain N1.3bn despite bearish trend

Despite four consecutive losses during the week, the local stock market closed on a bullish note as buying interest in Airtel Africa (+10.0 per cent), ABC Transport  (+9.8 per cent) and Nestlé (+9.6 per cent) supported overall performance.

Consequently, the NSE All-Share Index closed in the green, rising 1bp week-on-week (w/w) to settle at 24,829.02 points.

Similarly, year-to-date return moderated to -7.5 per cent and market capitalisation rose N1.2bn w/w to close at N13.0tn.

Activity level waned as average volume and value traded declined 29.6 per cent and 15.4 per cent to 147.9m units and N1.7bn respectively.

 

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