All-Share Index Rises 9.1%, Records 2-year Highest Weekly Gain

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The Nigerian equities market recorded the best weekly performance in two years following sustained bargain hunting by investors. 
The Nigerian Stock Exchange (NSE) All-Share Index rose 9.1 percent to hit 29,415.39, while market capitalization rose by 16.5 percent to N15.175 trillion last week.
The last time the market posted such a major weekly gain was January 12, 2018.  Investors’ appetite for risk assets increased significantly as traders continued to take advantage of low prices of equities that suffered major decline last year.  Against the backdrop of the increased demand and major gain last week, the year-to-date growth has risen to 9.6 percent.     
All other indices finished higher with the exception of the NSE Oil/Gas Index, which depreciated by 0.04 percent and NSE ASeM Index which closed flat.

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