Gain of N119 Billion for Stock Investors in a Week

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The stocks at the Nigerian Stock Exchange concluded the week on a positive note, with investors registering N119 billion in one week, following a rise of 46 basis points (bps) or 0.4 percent week-to-date.

A similar mixed performance was seen in sectoral performance, with three indexes closing in the green and two closing in the red Week-To-Date.

With value traded at N8.4 million units and volume traded at 386,001 units, the Industrial index, which gained 317 basis points, was the biggest gainer on the chart.

A close second was the Banking index, which closed at 16.7 million units and N169.4 million in terms of volume and value traded with a 193bps gain.

The volume and value of trades for the Insurance index, which also saw gains of 172bps, closed at 8.2 million and N4.6 million, respectively.

The value traded for both indices closed at N766.4m and N216.3m, respectively, with volume for both indices closing at 2.9 million units and 7.5 million units, respectively. The NGX Oil and Gas and Consumer Goods indices both experienced declines of 213 basis points and 74 basis points. 

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