Investors Sustain Interest In Stocks, Equities Value Up 1.14%

[Shola Sholaz]

Activities on the Nigerian Stock Exchange, NSE, maintained an upward movement last week with appreciable improvement in all the primary indicators, including the market capitalization, All Share index, ASI.
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The sustained interest in the market saw the NSE's market capitalisation crossing the N12 trillion marks, while the ASI broke into 38,000 points, development analysts attributed to improved bargain appetite with significant decline in price volatility.
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Specifically, the market capitalisation of all listed equities rose by 1.14 percent to N12.075 trillion from N11.939 trillion the previous week, while the all share index rose by 1.19 percent to 37,794.75 points from 37,350.53 points.
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Also, the NSE 30 Index appreciated by 1.05 percent to close at 1,809.91. All except one of the NSE sectoral indices appreciated same as the preceding week: NSE Consumer Goods, NSE Banking, NSE Insurance Index.