Last week, the local bourse had a winning streak as gains were recorded on all trading sessions. Consequently, the NGX ASI and market capitalisation rallied 1.4% apiece w/w to 99,448.91 and ₦60.3tn sequentially, while YTD return nudged higher to 33.0% from 31.2%.
Performance across sectors under our coverage was positively skewed as four of the six indices advanced while the other two lost. The Banking and Insurance indices rose 7.9% and 4.0% w/w respectively. Trailing, the Oil & Gas and Industrial Goods indices grew by 4.0% and 0.1% sequentially. On the flip side, the AFR- ICT and Consumer Goods indices fell 1.2% and 0.8% w/w accordingly.
EUNISELL (+20.7%), UBA (+18.5%) and UNILEVER (+18.4%) led the top gainers, while DANGSUGAR (-10.1%), JOHNHOLT (-9.8%) and NSLTECH (-9.7%) led the underperforming stocks.
