Bargain hunting took over trading at the stock last week as investors'sentiments turned positive ahead quarter earnings season.Having shed 0.14 percent the previous week,the market rebounded last week to completely reverse the previous week's loss.Nigerian Stock Exchange [nse] All-Share-Index [ASI] appreciated by 2.49 percent to close at 36,320.93 market capitalisation added 285.3 billion to close higher at 12.502 trillion naira.
Market analysis linked the positive performance to investors' moves to take position ahead of announcement of Q3 results.
Apart from the benchmark gauge that gained all other indices finished higher during the week with the exception of NSE iNSURANCE INDEX THAT DEPRECIATED BY 1.21% WHILE THE nse AseM Index closed flat.


Daily Market Performance
Trading opened for the week on a low rate on Tuesday as there was no trading on Monday due public holiday to mark Nigeria's 57th anniversary.
The benchmark index shed 0.38 percent to close lower at 35,306.9,indicating persistent negative investors' sentiments that developed the market the previous week.
A total of 22 stocks depreciated compared with 18 that appreciated.
Unity Bank Plc led the price losers with 5.0 percent,trailed by PZ Cussons Nigeria Plc and United Capital Plc with 4.9 percent apiece.
PZ Cussons yesterday reported its quarter results,where it recorded a loss of 123 million naira,an improvement on the 1.585 million naira in the corresponding period of 2016.
Cadbury Nigeria Plc shed 4.8 percent,just as Sterling Bank Plc,Glaxosmithkline Consumer Nigeria Plc and Jaiz Bank Plc went down by 4. percent,4.5 percent and 4.2 percent in that order.
On the positive side, C and I Leasing Plc recorded the highest price gain of 9.8 percent trailed by Learn Africa Plc with 6.7 percent Caverton and N.E.M. Insurance Plc and Guiness Nigeria Plc added 3.9 percent and 3.6 percent respectively.
Union Bank is currently in the market raising about 50 billion from existing shareholders.The bank is offering 12.1 billion ordinary shares of 50 kobo at 4.10 naira.
Meanwhile,the NSE Consumer Goods Index fell 0.9 percent to lead the sectoral decliners due to the fall in the share prices of Nigerian Breweries Plc and PZ.
Losses in Forte Oil Plc and Oando Plc dragged the NSE Oil and Gas Index 0.3 percent.

It has always been the banks.