Nigeria: NSE All-Share Index Rises 1.31% As Equities Rebound

6 November 2017

After two consecutive weeks of negative performance, the Nigerian equities market rebounded last week as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose 1.31 per cent to close at 36,939.59. Despite the improved corporate earnings declared by most companies for the nine months ended September 30, 2017, the market had declined for two straight weeks.

However, sentiments turned positive last week to completely reverse the previous losses. As a result, the NSE ASI ended the week higher by 1.31 per cent at 36,939.59, while market capitalisation appreciated by same margin to be at N12.785 trillion. In addition, all other Indices finished higher during the week with the exception of the NSE-Main Board and NSE Consumer Goods Indices that depreciated by 0.11 per cent and 0.07 per cent respectively.

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