Sunday, February 28African Business News
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Cheap assets, lockdown easing, others push NSE’s indicators by 4.45%

Cheap assets, lockdown easing, others push NSE’s indicators by 4.45%

Capital Market
Analysts sceptical on sustainability, blame rising pandemic, weak economy Cheap stocks prices, gradual easing of the lockdown, and inflow of facilities from the International Monetary Fund (IMF), propelled activities on the equities sector of the Nigerian Stock Exchange (NSE), as the market sustained nine successive sessions of bullish rally into the first week. Consequently, the NSE All-share index (ASI), and market capitalisation both appreciated by 4.45 per cent to close the week at 24,045.40 and N12.531trillion, respectively. All other indices finished higher with the exception of NSE ASeM, which shed 0.18 per cent. A breakdown of transactions during the week showed that the equities market commenced trading for the month of May in an upbeat on Monday, with the ASI gaining 0....