Monday, August 8Inside Business Africa
Shadow

Market gains 1.11% as investors reposition for H1 earnings

Sentiments remained upbeat on the Nigerian Exchange Limited (NGX) for the second consecutive week, as investors continued to position on stocks with attractive dividend yields ahead of Half Year (H1), 2021 dividend declarations.

Consequently, the NGX All-Share Index (ASI) and market capitalisation appreciated by 1.11 per cent to close the week at 39,156.28 and N20.409 trillion respectively.

Similarly, all other indices finished higher except NSE Insurance, NSE ASeM and NSE Sovereign Bond which depreciated by 4.12 per cent, two per cent and 1.45 per cent respectively, while the NSE Growth Index closed flat.

Sentiments remained upbeat on the Nigerian Exchange Limited (NGX) for the second consecutive week, as investors continued to position on stocks with attractive dividend yields ahead of Half Year (H1), 2021 dividend declarations.

Consequently, the NGX All-Share Index (ASI) and market capitalisation appreciated by 1.11 per cent to close the week at 39,156.28 and N20.409 trillion respectively.

Similarly, all other indices finished higher except NSE Insurance, NSE ASeM and NSE Sovereign Bond which depreciated by 4.12 per cent, two per cent and 1.45 per cent respectively, while the NSE Growth Index closed flat.

Source: Guardian

Leave a Reply

Your email address will not be published.


Notice: ob_end_flush(): failed to send buffer of zlib output compression (0) in /home/insidebu/public_html/wp-includes/functions.php on line 5275