After succumbing to profit taking the previous week, the Nigerian equities market returned to positive territory last week helped by bargain hunters's drive to take position for possible gain in the last trading day of the week.
With the week starting fairly, investors had thought the market was about to witness another days of successive rally, it was not to be as the bears took control from Tuesday to Thursday. However, the gains recorded on Monday and Friday outweighed the losses recorded in the others days as the twin market gauge closed higher. The Nigerian Stock Exchange (NSE) All-Share Index (ASI) and market capitalisation appreciated by 0.21 per cent to close on Friday at 35,005.05 and N11.928 trillion respectively.
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