The Nigerian equities market powered to yet another positive weekly close as the NSEASI advanced by 6.39% WoW to settle at 30,530.69pts. Year to Date return expanded to 13.74%. All sectoral indices closed up this week, with the NSEFBT10 (+12.20%) and NSEBNK10 (+8.00%) seeing the most gain.
The 9M:2020 earnings season swung into full gear this week as we witnessed a flurry of corporate results released by WAPCO, FLOURMILL, STANBIC, SEPLAT, NESTLE amongst others. Overall, the performances have been mixed, with some companies growing both top and bottom-line, while others contracted.
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