NSE RoundUp! Nigerian equities rally N329bn gain amidst global surge
Nigerian equities posted a mouth-watering average gain of 3.38 per cent, equivalent to net capital gain of N329 billion last week, ranking as one of the two best-performing markets within tracked advanced and emerging markets. The most active segment of the Nigerian market, the NSE Banking Index significantly outperformed the average overall index with a week-on-week gain of 7.64 per cent. From America, to Europe, Asia and Africa, investors across the world showed improved appetite for quoted shares last week, pushing most benchmark indices to close positive. Africa’s frontier markets were ahead of the rally with Kenya and Nigeria atop the global chart for tracked indices. Nigeria’s sovereign equities index, the All Share Index (ASI) of the Nigerian Stock Exchange (NSE) recorded a week-on-week gain of 3.38 per cent to close at 29,064.52 points at the weekend as against its week’s opening index of 28,113.38 points. Aggregate market value of all quoted equities on the NSE jump...