Stock market rises by 2% in week ended February 14

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In the trading week ended Friday February 14, the Nigerian Exchange Limited (NGX) All-Share Index (ASI) and equities market capitalisation appreciated by 2 percent and 2.78 percent to close the week at 108,053.95 and N67.418 trillion respectively.


Sixty-five equities appreciated in price during the review week, higher than 58 equities in the preceding week. Thirty-one equities depreciated in price, lower than 34 in the preceding week, while 54 equities remained unchanged, lower than 58 recorded in the preceding week.


All other indices finished the review week higher with the exception of NGX Main Board, NGX Banking, NGX AFR Bank Value, NGX AFR Div Yield, NGX MERI Growth, NGX Consumer Goods and NGX Oil and Gas which depreciated by 0.79 percent, 0.24 percent, 0.39 percent, 1.26 percent, 1.03 percent, 3.63 percent and 2.30 percent respectively while the NGX Sovereign Bond index closed flat.

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