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BUSINESS & ECONOMYCapital MarketCOVER

Stock Market Investors’ Networth Hits N70billion In Three Days

The net worth of Nigerian Stock Exchange, NSE Investors leaped by N70 billion in three days.

The stock market gained 0.69 percent week-on-week (WoW), moderating the negative year-to-date (YtD) performance to 10.85 per cent.

Capital market analysts attributed this week’s gains to stability of investors’ optimism in expectation of further stay in the green zone.

The All Share Index (ASI) opened this week’s trading sessions on a negative note, though within the 30,000 threshold, inching upwards 0.53 per cent and 0.38 per cent in the second and third trading days respectively.

The ASI closed this week’s trading activities on a positive mood, gaining 0.69 per cent in three days, while market capitalization also improved by about N70 billion this week to close at N10.503 trillion from N10.431 trillion level in the previous week.

All sector indices trended northward except for NSE Banking and NSE Pension losing save 0.66 per cent and 0.28 percent WoW respectively.

Transaction level by volume and value of trades dropped for the week by 43 per cent and 35 per cent respectively, relative to last week’s trading levels.

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Comments (9)

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