Sustained buying interest in the Nigerian equity market supported a bullish weekly close for the second consecutive week. Notably, the benchmark All Share Index (ASI) closed higher on all trading days of the week during the holiday-shortened week. The NSE-ASI appreciated by 0.8% w/w to close at 39,494.7 points while investors’ wealth improved by N147.6bn to print at N20.6tn.YTD loss moderated to 1.9% at the close of the week. Activity level weakened during the week, as average volume and value traded declined 21.0% w/w and 19.9% w/w to print at 280.1m units and N3.2bn, respectively.
