Finance & EconomyNews

Bulls Continue to Grunt on the NGX 

The Nigeria Equity Market continued its bullish climb as its capitalization gained N52.54bn. The NGX All-Share Index (ASI) advanced by 0.20% to close at 48,366.69 index points against 48,270.23 at the end of the previous trading session. The Year – to – Date (YTD) gain stood at 13.23%, with the month-on-month (MoM) gain at +1.48%. Analysts attribute the consistent gain to institutional investors’ inclination to invest for the long term. Honeywell flour advanced by 8.06% to top the gainers’ chart, while Wema Bank declined by -6.12% to top the losers’ chart (see table 1 below).

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