Equities To Sustain Positive Sentiment In New Year Trading

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Capital market analysts are expecting sustained positive sentiments to continue this week to start off trading for the new year given the renewed

The market opened for three trading days last week as the federal government declared December 26 and 27, 2022 a Public Holiday to mark the Christmas celebration.

The All-Share Index closed higher by 3.11 per cent W-o-W to close at 51,251.06 points, the highest index points in four months. Similarly, the market capitalisation gained N841 billion to close at N27.915 trillion. The market breadth for the week was positive as 44 equities appreciated in price, 16 equities depreciated in price, while 97 equities remained unchanged. Computer Warehouse Group led the gainers table by 31.17 per cent to close at N1.01, per share. Geregu Power followed with a gain of 29.00 per cent to close at N149.00, while Wema Bank went up by 21.12 per cent to close to N3.90, per share.

 

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