Equities market rebounds amid insurance rally; investors gain N50bn

Equities market rebounds amid insurance rally; investors gain N50bn

Equities market rebounds amid insurance rally; investors gain N50bn   The Nigerian equities market closed Wednesday’s trading session on a positive note amid renewed interest in insurance stocks. The benchmark All Share Index (ASI) advanced  by 233 index points  to close at 41,147.72 basis points with market capitalization gaining  N50 billion to settle at  N21.525 trillion, while the Year-to Date (YtD) performance improves  to  +2.18 per cent. The breakdown across different sectors indicates bullish performance with insurance index standing a top of the gainers’ chart. The insurance and oil &…

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Equities market: Investors gain 30.55% on investment in 11 months

Profit Taking

Investors on the equities market of the Nigerian Stock Exchange (NSE) gained 30.55 per cent of their investment in 11 months, our correspondent can report. The equities market benchmark, the NSE All-Share Index (NSE ASI) closed on Monday trading at 35,042.14 basis points from 26,842.07 basis points it opened for trading in 2020 amid global and domestic economy challenges. The ASI had rose by 65 per cent between April and November 2020, reflecting improved sentiments and investors on the fundamentals of publicly listed companies. Similarly, the market capitalisation of the…

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Equities defy curfew, violence to post N20bn gain

Equity market rebounds with N16bn gain

The Nigerian bourse end week positive with N20 billion gain despite the tension and curfew that characterized the End-SARS protest across many states last week. Similarly, the market also shrugged off the negative sentiment that should have accompanied the weak recovery in third quarter (Q3) earnings results of some medium and large capitalised companies published last week. As such, sentiment was broadly positive as the index rose in three out of the five trading sessions, trading report by the Nigerian Stock Exchange shows. Consequently, the NSE All-Share Index (ASI) advanced…

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