Bullish Sentiment Holds Steady As NSE Index Gains 6.59%

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Performance at the Nigerian Stock Exchange, NSE, remained in the green at the close of trading last week as the All- Share -Index hit a 105-day high of 28,902.25 points on Friday, May 27.

Proceedings from last week’s positive run caused the Year-to-Date return to close in green by 0.82 per cent.

Consumer goods and banking sectors led with 8.58 per cent and 8.26 per cent. Similarly, Insurance gained by 3.46 per cent, Industrial Goods went up by 5.22 per cent and Oil & Gas closed higher by 1.61 per cent.

Market breadth was positive, with 55 gainers versus 20 losers, compared to 33 gainers against 37 losers the previous week.

Total volume traded modestly climbed by 1.19 per cent to 2.54 billion shares, worth N16.75 billion and traded in 24,942 deals, compared to the 2.51 billion shares, valued at N16.38 billion that exchanged hands in 23,680 deals previous week.

 

(Bizwatch)

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