NSE ASI Rises by 0.24% on MTNN, UNILEVER Shares

By UDO ONYEKA

The Nigerian Stock Market, NSE, remained bullish as its All Share Index (ASI) further rose by 0.24 per cent on Friday to end the trading week.
The year to date gain of the NSE ASI rose to 29.97 per cent even as the Exchange printed 18 gainers as against 16 losers.

Analysts say investors may have begun to position ahead of the liquidity from the OMO market that could flow to the equities market next week.
Despite the bullish run, only two of the five sub-indices closed in green: the NSE Consumer Goods and the NSE Oil/Gas rose by 0.14 per cent  and 0.06 per cent  respectively.

The NSE Insurance, NSE Banking and the Industrial indices fell by 1.93 per cent  , 0.23 per cent and 0.01per cent respectively.

Meanwhile, market activity remained weak as the deals, total volume and value of stocks traded moderated by 26.47 per cent , 26.12 per cent  and 5.64 per cent  to 3,976, 0.19 billion units and N3.30 billion respectively.