Goddy Egene
The Nigerian stock posted another record performance last week as market indicators hit new highs while investors gained N1.334 trillion in five days.
The continued flow of funds into the stock market on the back of investors’ continued search for attractive returns pushed the market capitalisation from N17.092 trillion to N19.236 trillion, while the Nigerian Stock Exchange (NSE) All-Share Index (ASI), rose from 34,250.74 to 36,804.75 or 7.46 per cent, which are new highs.
The stock market has gained N6.321 trillion year-to-date, appreciating from N12.915 trillion to N19.236 trillion.
In the face of negative returns in the money market and fixed income securities, the equities market has remained investors’ preference for some months now.