Last week, the domestic equities market benefitted from bargain hunting activities on Telecoms, Banking, and Oil & Gas stocks as investors continue to ride the momentum of positive H1-2021 numbers as well as declining fixed income yields. As a result, the local bourse ended the week on a bullish note, posting a weekly gain of 1.9%. The All-Share Index closed at 38,522.3 points while YTD loss moderated to -1.8%, and market capitalisation gained N370.8bn w/w to settle at N20.6tn. Activity level improved last week as average volume and value traded climbed 62.7% w/w and 53.8% w/w to 322.0m units and N2.5tn, respectively.
