The NGX benchmark All Share Index (ASI) registered
its first weekly loss for the year as it posted a
negative return of 0.96% and ended the week at
53,804.46 points (down from 54327.3 the week
before). AIRTELAFRI, WAPCO, and ZENITH were the
main contributors to the week’s return. Nonetheless,
sectoral performance was mainly positive as four of
the five indices we track closed higher. The Oil and
Gas (+0.91%), Consumer Goods (+0.67%), Industrial
Sector (+0.06%), and Insurance sectors all
experienced gains. The Insurance sector was the top
gainer, rising by 1.18%. however, the Banking Index
reported a weekly loss of 1.34 percent.