- Over the past week, the Nigerian stock market has had a net positive run. The market fell on Tuesday, but began to recover on Wednesday, and gained consistently till Friday, when it closed at a new high for the week. The WTD, MTD, and YTD returns are great, at 0.36 %, 0.09 %, and 11.05 %, respectively.
- PRESCO (19.62%), RT BRISCOE (15.87%), CORNERSTONE INSURANCE (15.63%), UACN (14.52%), and CONSOLIDATED HALLMARK INSURANCE PLC (8.70%) were the top five market gainers for the week .
- ELLAH LAKES (-18.57%), MAY & BAKER (-18.35 %), UNIVERSITY PRESS (-14.43%), ROYAL EXCHANGE (-10.37%), and LINKAGE ASSURANCE PLC (-10.34%) were the top five market losers.
- During the week, the bond market was largely bearish, with a significant concentration around short and mid-term bonds. There was a primary market T-bill auction, with stop rates of 1.75%, 3.28%, and 4.10% for the 91-day, 182-day, and 364-day, respectively.