The Nigerian Stock Exchange (NSE) resumed trading for the month of May with an increase of 0.30 per cent just as the country eases lockdown.
Nigerian Stock Exchange
Similarly, the market capitalisation inched higher by N36 billion to close at N12.033 trillion against N11.997 trillion posted on Thursday. Similarly, analysts at United Capital Plc, said, “This week, the implementation of OPEC supply cut deal and the influx of more quarterly earnings will drive sentiments amid increasing number of countries weighing the need to unlock economic activities as the debate around health and economic wellbeing gets louder.”
Conversely, NEM Insurance and Neimeth International Pharmaceuticals led the losers’ chart in percentage terms, dropping by 10 per cent each, to close at N1.98 and 54k per share, respectively.Access Bank shed 7.58 per cent to close at N6.10, while University Press depreciated by 7.55 per cent to close at 98k per share.
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