NGX | United Capital Research Investment Views - 18th to 22nd October 2021

Last week, the local bourse closed strongly in the green despite a false start. The NGXASI rose by 1.4% w/w to close at 41,438.2pts, amid sustained investor interest in FBNH (+29.6% w/w). The bourse’ YTD return improved to 2.9%, as its market capitalisation rose N329.0bn w/w to close at N21.6tn. Activity levels also improved as the average volume and value traded rose 66.3% and 119.9% w/w to 567.7m units and N6.3bn, respectively.


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