NGX | United Capital Research Investment Views - 19th to 23rd July 2021

    The local bourse declined to end the week on a negative tone, posting a weekly loss of 0.1% in a tight trading week, even as the earnings season kicked off on a positive note. The benchmark All Share Index (ASI) closed at 37,947.2 points as YTD loss worsened to 5.8%, and market capitalisation fell by N24.5bn w/w to settled at N19.7tn. In terms of activity, average volume and value traded decreased by 16.6% and 19.2% w/w, respectively, to 201.7m shares and N2.2bn.


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