Nigeria’s stock market’s return year-to-date (YtD) has risen by 12.15 percent driven by 3.30 percent increase seen in the month of June.
The stock market traded for three days in the week ended Friday June 13 due to public holidays on Monday June 9 to mark this year’s Eid-ul-Adha celebration and June 12 to mark Nigeria’s democracy day. Investors recorded about N513billion gain in the review week.
The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and Market Capitalisation moved higher from last week’s close of 114,616.75 points and N72.275 trillion to 115,429.54 points and N72.788 trillion.
The market increased by 0.71 percent in the review trading week, driven majorly by consumer goods and industrial stocks despite profit taking in oil & gas and insurance stocks.
NGX Consumer Good Index increased week-on-week by 1.32 percent, while NGX Industrial Index rose by 1.21 percent. NGX Oil & Gas Index decreased most by 1.22 percent, while NGX Insurance Index decreased by 0.11 percent.