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Strong Upside in the Industrial Goods Sector Pulls Equity Market Up

The Nigeria Equity market continued its bullish momentum as its All-Share Index advanced by 2.90% to close at 46,232.37 basis points against a 0.60% gain recorded previously to close at 44,662.96 basis points at the end of the last trading session. In Naira terms, the NGX Market CAP records a N709.73bn gain. Dangote Cement and BUA cement recorded +9.98% and +9.72%  increases in their share price to pull up the Industrial Index by 9.52% topping the gainers’ chart against the previous trade session. Sectoral Performance was broadly positive as the market recorded fifteen (15) NGX sector indices closed northward, zero (0) closed southward, and three (3) closed flat. Analysts believe investors are gradually pivoting back into the equity market for the long run and taking advantage of previous sell-offs to buy at reasonable prices (see table 1 below

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