Week in View – July 29th 2020

The bulls prevailed in the Nigerian equities market for the second week in a row as the All Share Index gained 1.09% after 3 trading days to settle at 24,693.73pts. UNITYBNK topped the gainers’ chart, advancing by 17.31% while NPFMCRFBK shed 16.90% to lead the laggards. On a sectoral basis, the NSEBNK10 (+3.00%) and NSEIND (+3.60%) closed in the positive region, while the NSEOILG5 and NSEFBT10 recorded losses week on week. The NSEINS10, however, remained flat. Hence.the YtD return improved to -8.00% at the end of the week.

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Week in View- July 29, 2020

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