In a week marked by positive price movements in the industrial goods sector, the Nigerian Exchange Limited witnessed a surge in market capitalization, resulting in a substantial N409 billion gain for equities market investors.

The All-Share Index rose by 1.12%, reaching 67,200.69 points, and market capitalization of listed equities increased by 1%, reaching N36.919 trillion.

READ ALSO: Nigerian Equities Surge To Global Top 3, As Returns Hit N8.7trn

Cowry Assets Management Limited analysts highlighted the market’s consolidation range, driven by expectations for the Q3 earnings season. Despite macroeconomic policy uncertainties and corporate closed periods, the market remained in a positive trend.

During the week, four out of five trading sessions were bullish, primarily due to positive price movements in the industrial goods index. Sectoral performance was mostly positive, with exceptions in the consumer goods and banking sectors.

To read more, click the link below
https://www.primebusiness.africa/nigerian-equities-market-surges-with-n409bn-gains-in-one-week/

A floated forex regime, with demand and supply price competition

New CBN Interest rate

Increase consumer price index

Increase price of energy

Increase in Production price index



Sensible people already know the direction Naira is going