NGX | United Capital Research Investment Views - 1st to 5th November 2021

    The NGXASI maintained its upward momentum last week, thanks to robust company earnings and bargain-hunting activity across sectors. The benchmark index rose 0.7% w/w to 42,038.6 index points at the end of the week. As a result, the YTD return increased to 4.4%, and the bourse's market capitalization increased by N144.0bn w/w to N21.9tn. The average volume and value traded also increased 12.5% and 3.6% w/w, respectively, to 440.2m units and N4.8bn. The NGXASI increased by 4.5% in October 2021.


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