Transactions at the Nigerian Stock Market maintained a modest recovery which attracted a N214 billion leap in investors wealth.
Specifically, at the end of trading last week, the market capitalization, jumped to N9.313 trillion in comparison to the opening figure of N9.099 trillion, representing 2.4 per cent increase.
Similarly, the All Share Index, ASI, appreciated by 2.5 per cent, closing at 27,116.45 basis points from 26,441.03 points.
Investment analysts at United capital had predicted that another positive week would be recorded barring any proposed disruptions to trading activities by the actions of the National Labour Congress, NLC.
“Barring proposed disruptions to trading activities by the actions of the National Labour Union, we anticipate another positive week for equities this week, as optimism from investors’ positive expectations on domestic economic reforms continues to drive demand.” the analysts said.
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