Consumer goods index gains 6.16 points, driven by gains in Nestle, Flourmills and Honeywell shares
Market data for the week ended 9th April 2021 revealed that the Nigerian Equity space closed on a negative note, as the All-Share Index and the market capitalization depreciated by -0.66%, to close the week lower at 38,866.39 and N20.335 trillion respectively. This bearish move has been linked to the conclusion of an impressive annual reporting season, as this leaves few incentives to bet on slightly higher returns from equities, with the rising yields in the fixed-income market. Some industrial, mining, and consumer goods stocks delivered decent returns during the week Despite the prevailing...
Source: nairametrics.com