Nigeria’s stock market extended its positive streak on Wednesday, December 28, the first trading day of the week. The market rose by 0.41% at the close of the session, according to Vetiva research analysts. Year-to-date (YtD), the stock market has increased by 16.90%, with investors exchanging 498,727,626 shares valued at N3.884 billion in 3,989 deals.

The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and its Market Capitalisation also rose from 49,706.09 points and N27.073 trillion, respectively, to 49,934.6 points and N27.198 trillion, with investors booking about N125 billion. Analysts expect the market to maintain its positive momentum for the remaining sessions, with few opportunities for profit taking, although activity is expected to slow significantly due to the holiday break. Portfolio rebalancing is also expected to be a critical activity as the year comes to an end.

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *