Nigerian equities index up 2.5% with N350bn weekly gain

Large-cap stocks lift Nigerian stock market by N245bn

The bulls continued to dominate in the equities market as the NSE All-Share Index erased its year-to-date losses on Friday, following investors’ rejuvenated risk-on attitude amidst declining real returns across fixed-income assets.  Notably, investors’ interest in large caps MTN Nigeria (+4.8 per cent), BUACEMENT (+8.3 per cent), DANGCEM (+3.6 per cent), and GUARANTY (+7.4 per cent) drove the benchmark index 2.5 per cent higher week-on-week (WoW). Consequently, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) edged up with additional 666.43 points to close at to 26,982.60 points, therefore retracing its steps to…

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